Financial reporting is a vital part of an organisation that keeps track of its financial progress. Without proper financial accounting, it would be impossible to determine the success of a business, which is why employers look for skilled and talented financial accountants to take over the job. Ongoing education is essential for professionals within this industry and this diploma in financial reporting and taxation – level 4 (USA Standards) has been developed exactly for that purpose. This extensive course will relay the latest financial and taxation aspects to help you advance your financial reporting and taxation career.
This insightful course will first enlighten you on the role, duties and responsibilities of financial accounting and tax. All the accounting and financial reporting regulations and ISAB accounting framework will be presented through this course, after which you will explore the various financial statements needed for an effective financial accounting process. This course will also walk you through the accounting standards, principles and policies that has to be followed while carrying out the accounting process.
This course will then move onto taxation by teaching you about taxes, types of taxes and taxes in financial statements. You will get to delve into the whole concept of international and financial statement taxes, employee benefits, corporate governance, ethics and financial reporting, capital management and many more that will further solidify your knowledge on financial accounting and taxation.
The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Quality Licence Scheme, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current qualifications. Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.
*South London College is an approved reselling partner for Quality Licence Scheme courses under Global Edulink
Please Note: This Course is Based on USA Standards
South London College offers the most convenient path to gain skills and training that will give you the opportunity to put into practice your knowledge and expertise in an IT or corporate environment. You can study at your own pace at South London College and you will be provided with all the necessary material which includes Free CV writing pack to make your learning experience enriching and rewarding.
| Who Is This Course Aimed at? |
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| Entry Requirements |
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| Access Duration |
The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time. |
| Method of Assessment |
In order to complete the Diploma in Financial Reporting and Taxation – Level 4 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments. |
| Certification |
At the end of this course successful learners will receive a Certificate of Achievement from Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course). Course Code: QLS-04457 |
| Awarding body (Accreditation) |
Quality Licence Scheme have long-established reputations for providing high quality vocational qualifications across a wide range of industries. Quality Licence Scheme combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers. Renowned for excellent customer service, and quality standards, Quality Licence Scheme also offers qualifications for all ages and abilities all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK. |
| Progression and Career Path | This certificate will enhance your skills to work for a number of job positions in the accounting or finance industry. You can also use this certificate to win the job promotion or salary increment you have been wishing for to progress in your career. Mentioned below are some of the job positions this certificate will help you in, along with the average UK salary per annum according to https://www.payscale.com,
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| Other benefits |
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| 1: Regulation Of Accounting And Financial Reporting | |||
| Regulation of Accounting and Financial Reporting | |||
| 2: Iasb Accounting Framework | |||
| IASB Accounting Framework | |||
| 3: Introduction To The Financial Statements | |||
| Introduction to the Financial Statements | |||
| 4: Ias 2 Inventories And None Current Assets | |||
| IAS 2 Inventories and None Current Assets | |||
| 5: Intangible Assets | |||
| Intangible Assets | |||
| 6: Producing Financial Statements | |||
| Producing Financial Statements | |||
| ☑ Assignment | |||
| Assignment Brief I – Financial Reporting and Taxation Level 4 | |||
| ☑ Submit Your Assignment | |||
| Assignment Submission – Financial Reporting and Taxation Level 4 | |||
| 7: The Statement Of Cash Flows | |||
| The Statement of Cash Flows | |||
| 8: Group Accounts | |||
| Group Accounts | |||
| 9: The Statement Of Financial Position | |||
| The Statement of Financial Position | |||
| 10: The Income Statement | |||
| The Income Statement | |||
| 11: Associates | |||
| Associates | |||
| 12: The Accounting Standards | |||
| The Accounting Standards | |||
| ☑ Assignment | |||
| Assignment Brief II – Financial Reporting and Taxation Level 4 | |||
| ☑ Submit Your Assignment | |||
| Assignment Submission – Financial Reporting and Taxation Level 4 | |||
| 13: Employee Benefits | |||
| Employee Benefits | |||
| 14: Tax Overview | |||
| Tax Overview | |||
| 15: Types Of Tax | |||
| Types of Tax | |||
| 16: International Tax And Tax In The Financial Statements | |||
| International Tax and Tax in the Financial Statements | |||
| 17: The Role Of The External Auditor | |||
| The Role of the External Auditor | |||
| 18: Corporate Governance | |||
| Corporate Governance | |||
| ☑ Assignment | |||
| Assignment Brief III – Financial Reporting and Taxation Level 4 | |||
| ☑ Submit Your Assignment | |||
| Assignment Submission – Financial Reporting and Taxation Level 4 | |||
| 19: Ethics And Financial Reporting | |||
| Ethics and Financial Reporting | |||
| 20: Managing Capital Management | |||
| Managing Capital Management | |||
| 21: Receivables And Payables Management | |||
| Receivables and Payables Management | |||
| 22: Inventories And Cash Management | |||
| Inventories and Cash Management | |||
| 23: Short Term Finance And Investment | |||
| Short Term Finance and Investment | |||
| ☑ Assignment | |||
| Assignment Brief IV – Financial Reporting and Taxation Level 4 | |||
| ☑ Submit Your Assignment | |||
| Assignment Submission – Financial Reporting and Taxation Level 4 | |||
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