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Updated in [April 29th, 2023]
A Level Accounting is an online accounting training course designed to help learners develop the skills and knowledge necessary to excel in the field of accounting. The course covers the accounting equation, double entry ledger accounts, balance cd/bd, how to remember debit & credit, income statement & balance sheet, partnership accounts, incomplete records, cash flow statements, budget & variance, margin of safety, target profit, absorption & marginal costing, and A/A* preparation with past papers, theory questions & exam practice booklets. Learners will gain a comprehensive understanding of the fundamentals of accounting, as well as the ability to apply these concepts to real-world scenarios. The course also provides learners with the opportunity to practice their skills and knowledge through a variety of activities and assessments. By the end of the course, learners will have a strong foundation in accounting and be well-prepared to pursue a career in the field.
[Applications]
After completing this course, students should be able to apply the knowledge they have gained to their own accounting practices. They should be able to use the accounting equation, double entry ledger accounts, balance cd/bd, and understand how to remember debit and credit. They should also be able to create income statements, balance sheets, partnership accounts, incomplete records, cash flow statements, budgets, and variances. Additionally, they should be able to calculate margin of safety, target profit, absorption and marginal costing. Finally, they should be able to use past papers, theory questions, and exam practice booklets to prepare for A/A* level exams.
[Career Paths]
1. Accountant: Accountants are responsible for preparing and analyzing financial records, ensuring accuracy and compliance with applicable laws and regulations. They also provide advice and guidance to businesses and individuals on how to best manage their finances. As the economy continues to evolve, the demand for accountants is expected to grow.
2. Financial Analyst: Financial analysts provide advice and guidance to businesses and individuals on how to best manage their investments. They analyze financial data, assess risk, and develop strategies to maximize returns. With the increasing complexity of the global economy, the demand for financial analysts is expected to remain strong.
3. Tax Accountant: Tax accountants are responsible for preparing and filing tax returns for individuals and businesses. They must be knowledgeable about tax laws and regulations, and must be able to interpret and apply them to specific situations. As the tax code continues to become more complex, the demand for tax accountants is expected to remain strong.
4. Auditor: Auditors are responsible for examining and verifying financial records and ensuring accuracy and compliance with applicable laws and regulations. They must be knowledgeable about accounting principles and procedures, and must be able to identify and report any discrepancies. As the economy continues to evolve, the demand for auditors is expected to remain strong.
[Education Paths]
1. Bachelor of Accounting: This degree provides students with a comprehensive understanding of accounting principles and practices. It covers topics such as financial accounting, auditing, taxation, and financial management. Students will also learn about the legal and ethical aspects of accounting, as well as the use of technology in the field. This degree is ideal for those looking to pursue a career in accounting or finance.
2. Master of Professional Accounting: This degree is designed for those who already have a bachelor's degree in accounting or a related field. It provides students with advanced knowledge and skills in accounting, auditing, taxation, and financial management. Students will also learn about the legal and ethical aspects of accounting, as well as the use of technology in the field. This degree is ideal for those looking to pursue a career in accounting or finance.
3. Doctor of Philosophy in Accounting: This degree is designed for those who already have a master's degree in accounting or a related field. It provides students with advanced knowledge and skills in accounting, auditing, taxation, and financial management. Students will also learn about the legal and ethical aspects of accounting, as well as the use of technology in the field. This degree is ideal for those looking to pursue a career in accounting or finance, or to pursue a research-focused career in the field.
4. Master of Science in Accounting: This degree is designed for those who already have a bachelor's degree in accounting or a related field. It provides students with advanced knowledge and skills in accounting, auditing, taxation, and financial management. Students will also learn about the legal and ethical aspects of accounting, as well as the use of technology in the field. This degree is ideal for those looking to pursue a career in accounting or finance, or to pursue a research-focused career in the field.
Course Syllabus
Double entry
Trial Balance
Income statement & Balance sheet
Manufacturing accounts with PUP
Budgeting Fixed & Flexible budget
Cash flow statement
Partnership Accounts
Short term decision making
Absorption & Marginal costing