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Overview:

Welcome to the Applied Accounting online course! This comprehensive program is designed to provide learners with a solid foundation in accounting principles and their practical application in real-world scenarios. Whether you’re a student exploring the field of accounting, a professional aiming to advance your career, or an entrepreneur seeking to manage finances effectively, this course is tailored to meet your needs.

Throughout the course, you’ll delve into key accounting concepts such as financial statement analysis, budgeting, cost management, and the use of accounting software. Each module is carefully crafted to ensure a balance between theoretical knowledge and hands-on experience, enabling you to develop the skills necessary to excel in various accounting roles.

The course begins by laying down the groundwork with an introduction to basic accounting principles and concepts. From there, you’ll progress to more advanced topics, including the interpretation of financial statements, creation of budgets and forecasts, and implementation of cost management strategies. Practical exercises and case studies will challenge you to apply your knowledge in simulated business scenarios, preparing you for the complexities of the modern accounting landscape.

Led by experienced instructors with extensive industry knowledge, you’ll receive personalized guidance and feedback throughout your learning journey. Our interactive platform fosters collaboration among participants, allowing you to engage with peers, exchange ideas, and gain insights from diverse perspectives.

By the end of the course, you’ll emerge with a deep understanding of applied accounting principles and the confidence to tackle accounting challenges with ease. Whether you’re pursuing a career in accounting, finance, or business management, the skills acquired in this course will set you on the path to success.

Join us today and take the first step towards mastering the art of Applied Accounting!

Learning Outcomes:

What Will Make You Stand Out?

On Completion of this Applied Accounting online course, you’ll acquire:

Description:

The Applied Accounting course delves into the core principles of accounting and their practical application in business settings. Participants will explore financial statement analysis, budget creation, cost management strategies, and the use of accounting software. Through hands-on activities and case studies, learners will develop the skills needed to analyze financial data accurately and make informed decisions. Whether you’re an aspiring accountant or a business professional seeking to enhance your financial acumen, this course provides a solid foundation in applied accounting principles.

Who is this course for?

This course is ideal for accounting students, professionals looking to enhance their skills, small business owners, entrepreneurs, and anyone interested in understanding financial data to make informed decisions in their personal or professional life.

Requirements:

No prerequisites are required. Basic knowledge of business and mathematics is beneficial but not mandatory.

Certification:

Upon successful completion of the Applied Accounting course, learners can obtain both a PDF certificate and a Hard copy certificate for completely FREE. The Hard copy certificate is available for a nominal fee of £3.99, which covers the delivery charge within the United Kingdom. Additional delivery charges may apply for orders outside the United Kingdom.

Career Path:

Course Curriculum

Module 01: Accounting and Reporting in Commerce
Definition of Accounting 00:02:00
Accounting Principles 00:03:00
Accounting Equation 00:01:00
Accounting Cycle 00:02:00
Double Entry Accounting 00:04:00
Assets 00:02:00
Liabilities 00:02:00
Capital 00:04:00
Accounting Conventions 00:02:00
IFRS and GAAP 00:02:00
Module 02: Financial Accounting Part 01
Financial Accounting 00:01:00
Profit and Loss Statement – Income Statement 00:02:00
Multi-step Income Statement 00:02:00
Expenses 00:02:00
Profit before Tax and EBITDA 00:02:00
Input to Depreciation Accounting 00:03:00
Depreciation Journal Entries 00:01:00
Balance Sheet – Assets and Liabilities Statements 00:03:00
Inventories 00:01:00
Liability Accounts 00:02:00
Total Liabilities and Equity 00:01:00
Module 03: Financial Accounting Part 02
Permanent and Cyclical Working Capital 00:02:00
Forms of Working Capital Financing 00:03:00
Determinants of Working Capital 00:02:00
Cash Flow Statements – Operational and Reporting Formats #1 00:04:00
Cash Flow Statements – Operational and Reporting Formats #2 00:01:00
Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) 00:02:00
Cash Flow Return on Investment (CFROI) 00:01:00
Key Ratio Analysis – Short Term Acid Tests & Long Term Viability 00:05:00
Module 04: Management & Cost Accounting
Management and Cost Accounting 00:03:00
What is Cost Accounting? 00:01:00
Material, Labour and Overhead Costing 00:02:00
Process Costing, Job Costing and Batch Costing 00:03:00
Job Costing 00:04:00
Activity Based Costing – Lean Operations 00:03:00
Steps in Developing and Activity – Based Costing System 00:02:00
Benefits and Limitations of Activity-Based Costing 00:02:00
Standard Costing and Variance 00:02:00
Standard Costing in GAAP and IFRS 00:04:00
Responsibilities for Variances 00:01:00
Module 05: Limitations of Accounting
Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis 00:03:00
Uncertainties and Quality of Input Data 00:02:00
Break-Even Chart 00:04:00
Inventory Management– Raw, Work in Progress (WIP) & Finished Goods 00:02:00
Reorder Point, Lead Time and Safety Stock 00:03:00
Budgeting & Capital Investment – Revex & Capex 00:04:00
Limitations of Accounting – Financial Reporting 00:03:00
Intangibles, Human Capital & Goodwill – Recognition and Valuation 00:01:00
Goodwill 00:02:00
Audit – Internal & External 00:03:00
Assignment
Assignment – Applied Accounting 00:00:00

FAQS

Yes, our course is UK recognised and CPD certified.

You will have 14 days to revoke your Course purchase from your purchase date. Regrettably, refunds are not allowed after your purchase have been approved, and materials have been posted to the student’s dashboard or accessed.

We offer various payment options depending on the country and region of your account. When you wish to acquire a course, you could look at the several payment options:

  • • Go to the course home page and click ‘Take This Course’ after selecting the course you wish to take.
  • • You’ll end up on the Checkout page, where you can choose from a number of different payment choices (credit card, debit, deposit, or bank transfer).

There are no time constraints for starting or completing any course. You are free to begin any course at any time. Furthermore, as long as your account is in good standing and we own the copyright to the course, you’ll have access to it even after you’ve finished it.

COPYRIGHT © 2021 One Education

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