What you will
The external reporting environment for limited companies and
groups which need to publish accounts. Principles of consolidated accounts, and
analysis and interpretation of financial statements. Preparing a range of
financial statements and identifying an organization’s financial position.
How and why budgets are prepared, helping you prepare
revenue forecasts and a range of budgets for different circumstances. Understanding
budgetary procedure to aid organizational planning and control. Preparing
budgets, analyzing variances and making recommendations for improving organizational
Managing and measuring financial performance; the range of
techniques for analyzing information on expenditure and making judgments to
support decision making, planning and control by managers. Collecting and analyzing
information, monitoring performance and presenting reports to management.
Internal Control and
Identifying the role of internal control within an organization
and recognizing different approaches to making informed recommendations on how
to implement or improve systems. Communicating this to management and
identifying the impact that changes would have on the system and its users.
and Assessment Areas
Choose two options from the following four:
Credit management and control
Principles of credit management in an organization, advising
on the granting of credit, setting credit limits, collection of monies owed and
the likelihood of receipt of payment. Advising on debt management and ways to minimize
risk to the organization.
How Income Tax and Capital Gains Tax is applied to income.
Calculating Income Tax liabilities and income from all sources. Applying
relevant allowances, deductions and reliefs to prepare accurate Income Tax
Preparing tax returns for sole traders, partnerships and
incorporated businesses. You’ll recognize trading profits, make adjustments and
apply current relevant legislation.
Legislative and professional
requirements, and how to act as part of an audit team in planning and
conducting an external audit. Drafting working papers and a final audit report.