Level 3 Syllabus

Level 3 Diploma in Accounting

Here you will learn administrative and management processes relevant to finance officer roles, including preparing final accounts for small businesses; management and cost accounting, VAT and spreadsheets.

Accounts preparation (ACPR) Computer based test After completion of this unit, the student will have a good understanding of the accounting principles and concepts underlying all financial accounting. Having developed a fuller understanding of the accounting equation, they will understand the nature and importance of the different categories of account and how the books and records relate to each other.
Prepare final accounts for sole traders and partnerships (FSTP) Computer based test The student will develop accounting skills in restructuring accounting information from incomplete records and preparing financial statements for sole traders. The student will be able to use different techniques to restructure accounts to find missing information and understand the significance and limitations of the trial balance. They will become familiar with the statement of financial position and statement of profit or loss.
Costs and revenues (CSTR) Computer based test Students will develop an understanding of how costs are handled in organisations, and why different organisations treat costs in different ways. They will be able to recognise different approaches to cost accounting and make informed and reasoned judgements to guide management.
Indirect tax (ITAX) Computer based test Understand VAT regulations. Complete VAT returns accurately and in a timely manner. Understand VAT penalties and make adjustments for previous errors. Communicate VAT information.
Spreadsheets software (SDST) Workplace evidence or Computer based Project Use a spreadsheet to enter, edit and organise numerical and other data. Select and use appropriate formulas and data analysis tools and techniques to meet requirements. Use tools and techniques to present, and format and publish spreadsheet information.
Professional ethics (PETH) Computer based project Understand principles of ethical working. Understand ethical behaviour when working with internal and external customers. Understand when and how to take appropriate action following suspected breaches of ethical codes. Understand the ethical responsibility of the finance professional in promoting sustainability.