This Module introduces the basic concepts and techniques of financial and managerial accounting. It considers the role of accounting in recording and reporting financial performance and in providing information to decision-makers.
Progression
Upon completion of this module (equivalent to 7.5 ECTS credits), you will receive a certificate from NCC Education in the UK. You are also able to complete your diploma in business MQF Level 5. The whole diploma consists of 8 modules these are:
Essentials of Management, Fundamentals of Economics, Communication for Business, Understanding Business Organisations, Business Mathematics, Introduction to Finance, e-Business, Principles of Marketing.
Assessment Method
AssignmentDelivery Method
Face to Face LecturersEntry Requirements
- Holders of 4 O Levels Maths and English (Compulsory) and/or an ‘A’ level or an appropriate School Leaver’s
- Mature students, do not have to meet the necessary entry requirements and may be accepted upon their own merits.
For candidates whose first language is not English:
- IELTS 5.5 or
- GCE ‘O’ Level English C6
Syllabus
- Introduction to Accounting
- Financial Statements
- Accounting Information for Trading Businesses
- Non-current Assets
- Current Assets
- Liabilities
- Producing Financial Statements
- Classification of Costs
- Product Costs
- Job Costing
- Stock Valuation
- Short Term Decision Making
- Preparing a Budget
Learning Outcomes
- Analyse the use of accounting in organisations
- Prepare and analyse financial statements
- Examine the use of costs in organisations
- Examine how accounting is used to support decision
Further Steps
Diploma in Business Year 1
