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DIPLOMA IN BUSINESS ACCOUNTING

By Tommy Jackson,2014-05-16 01:11
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DIPLOMA IN BUSINESS ACCOUNTING

    ACCOUNTING COURSES

Course Outline

    Accountancy still offers one of the most secure occupations in commerce, industry and public services. It also offers the opportunity for advancement, as, through the analysis of a company’s accounts, it is possible to obtain a clear understanding of an organisation’s operations, its profits and the costs involved. Many courses in accountancy simply include the time honoured accountancy subjects that often do not fully relate to the actual work that most accounts departments undertake in companies. However, the LCM courses in Business Accounting do deal with those subjects that are essential to any accounts work in business today, such as Credit Management and E-Business. LCM also offers options that enable students to select a subject they feel will enhance their career prospects. For example, a student may feel that the option Word Processing may help the student’s job prospects as his/her work requires typing would not have to be completed by others and much of the book-keeping and accounting could be completed more quickly by personally using the computer. However, another student, for other reasons, may feel that the option Purchasing and Supply is more important to his/her career. What is most important is that students have a choice and the essential subjects are fully covered to ensure that a student is adequately prepared to make a success of his/her first significant accountancy post. Accounting courses of the London Centre of Management are exclusive, are promoted worldwide and are provided by a BAC accredited college. The British Council offices, throughout the world, only recommend British State or BAC accredited colleges to students who wish to follow a further or higher education course in Britain. These colleges advertise worldwide and attract students from all over the world, therefore, their courses are designed to meet international demand and standards.

    Diploma In Business Accounting

    COURSE CONTENT

    Subjects (10) 1. Accounts and Book-Keeping *

     2. E-Business

     3. Business Communications and Interpersonal Skills

     4. Commercial Essentials

     5. Cost Accounting *

     6. Management Accounting

     7. International Trade and Payments

     8. Credit Management *

     9. Business Administration

     10. Purchasing and Supply or Word Processing Note: (i) Students who fail to obtain the Diploma but pass seven subjects that include those highlighted with an asterisk will be awarded the Higher Certificate in Accounting and all subjects passed will be entered on the LCM qualification.

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    Length of Course Full time intensive study for one academic year or longer if not provided by a Centre on an

    (Intensive) intensive basis.

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    Entry Requirements 5 GCSE’s or equivalent or 2 Single Subject Awards of LCM in Accounting subjects

     (which may also provide subject-for-subject exemption from the Diploma).

    Executive Diploma in Accounting Management

    Subjects (6 subjects)

     1. Corporate Policy and Strategy Plus 2 Subjects from the following:

     2. Financial Management Spreadsheets, Budgets and Forecasting

     3. Computerised Accounting Taxation

     4. Human Resource Management Auditing

Length of Course One academic year of full time study or six months if an intensive course.

Entry Requirements Accounting Diploma or equivalent.

    Exemptions Exemptions are awarded at the discretion of LCM on a subject-for-subject basis to

    candidates with an appropriate qualification. Candidates who are exempted from 1 or 2

    subjects on the Executive Diploma will still be required to study and pass in six subjects,

    one of which may be a project determined by LCM.

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    Certification On successful completion of the course, students are awarded the

     Diploma in Business Accounting of the London Centre of Management

    and may use the designatory letters Dip BA. If successful at the Executive Level,

    students may use the designatory letters Ex Dip AM.

How to apply Recognised Local Centre -

    __________________________________________________________________________________________________ London Centre of Management Cavendish Centre, 35-37 Allfred Place, London WC1E 7DP Tel: 020 7580 6043 Fax: 020 7255 1591 Email: info@lcmieb.org.uk London Centre of Management is a division of Cavendish College which is recognised as efficient by BAC (The British Accreditation Council for Independent Further and Higher Education)

    D:LCM/COURSE OUTLINES/Dp Bus Accntg

    SYLLABUS OUTLINES

    London Centre of Management

    Diploma in Business Accounting

The following subject syllabus outlines are provided in order that potential students can obtain a firm appreciation of the major topics they will study in each subject of their chosen course. Bear in mind that major topics only are provided and students may have to study many sub-topics within a major topic heading. LCM reserves the right to amend or change syllabuses and/or subject titles where it considers it appropriate for the effective provision of a course. Accounts and Book-Keeping - The Role of Book-Keeping and Accounts in Business, First Steps in Double-entry Book-Keeping, Credit Transaction, The Trial Balance, Profit and Loss Account, The Balance Sheet, The Asset of Stock, Value Added Tax, Division of the Ledger, Cash Books and Discount Accounts, Computers in Accounting, Petty Cash Book, Bank Reconciliation Statements, Bad Debts and Provision for Bad and Doubtful Debts, Control Accounts, Wages Books and Records, Accounting Ratios, Cashflow Statements, Budgets. Auditing Introduction, The Statutory Audit, Systems-based Auditing, Auditing the Sales and Trade Debtor’s Cycle, Auditing the Cash Received Cycle, Auditing the Purchases and Trade creditors’ Cycle, Auditing Wages and Salaries, Auditing the Stock and Work-in-Progress Cycle and the Bank Account, Auditing Share Capital, Debentures and Deferred Taxation, Auditing Fixed Assets, The Final Audit, Reports of the Auditor, Legal Aspects of Auditing, Computer Auditing, Audit of Groups, Investigations. Business - Communications and Interpersonal Skills - Theory of Communications, Written Communications, Listening and Spoken Communications, Meetings; Presentation of Numerical Information; Forms of Address, Computers and other communication, Interpersonal Skills - Interviews, Starting a New Job, Staff Communications, Correspondence, Personal Relationships in the Workplace, Criticism, Dealing with Gossip, Punctuality etc., Customer Service and Complaints, The Business Lunch, Table Manners, Wine, Wardrobe and Grooming, Women at Work. Business Administration - This subject provides students with an overview of the various major departments and their role within organisations: Nature of Management, Business and its External Environment, Corporate Strategy and Planning, Organising, Directing, Controlling, Marketing and Sales Management, Production, Human Resource Management, Administrative Management. Collecting the cash; Debtors in distress, collection agencies, legal action and insolvency; Credit insurance and factoring. Export Credit Management - Export risk assessment; Contract terms, documentation and letters of credit; Payment terms - Bills of Exchange and open account; Credit decisions and export cash flow; Export finance; Contract risks and bonds; Currency and foreign exchange problems; Measuring and reporting credit performance. Commercial Essentials - The office as a Centre of Business Activity, Computer Systems, Controlling Debts, Commercial Terminology, Documents and their purpose, Staff selection and controls. Computerised Accounting IMPLEMENTING A COMPUTERISED ACCOUNTING SYSTEM- Introduction, Before Implementation, Implementation. OPERATING SYSTEM Introduction, Basic Accounting, The Nominal Ledger, The Customer Ledger, The Supplier Ledger, The Bank, Generating Invoices, Financials, Period End, Opening Balances, Data Management, Payroll, Taxes and additional Miscellaneous activities. Corporate Policy and Strategy -This is an advanced study programme considering the organisation from a global viewpoint and analysing the value of alternative corporate strategies - Corporate strategy; Strategic decision making in practice; Analysing the environment; Analysing resources; Expectations, objectives & power; Strategic options; strategy evaluation techniques; Planning and allocating resources. Cost Accounting - Introduction; Cost Ascertainment - Cost data; Absorption costing: overheads; costing methods; Cost accounts; Process costing; Cost Analysis - Estimation; Cost behaviour; Introduction to decision making; Short, medium and long term decision-making; Marginal costing; - Budgets; Flexible budgets and standard costs; Variance analysis; Aspects of profit control; Standard cost accounts. Credit Management - The nature and cost of credit; The role of credit management; payment terms and methods; Risk assessment; credit decisions, controls and limits; The sales ledger and computer systems; E-Business Definition and Scope, The Internet/www, Website Construction, Planning for an online Business, Dealing with Customers. Financial Management Students are provided with a clear understanding of financial management methods and financial assessment of investments - Cash flow statements; Sources of Finance; Financial Institutions; Cost of Capital; Capital Structure; Relevant Costs; Forecasting & Planning; Capital Budgeting; Risk; Capital Asset Pricing Model; Capital Rationing; Inflation and Financial Reporting; Inflation and Investment Appraisal; Taxation in Financial Decisions; Distribution Policy; Financial Ratios; Stock Market Investment; Mergers and Take-overs; Management of Working Capital - Stock, Debtors, Cash Budgets; Foreign Currency Transactions. Human Resource Management - Elementary individual psychology; Motivation in work; Learning; Individual differences; Interviewing; Physical and psychological conditions of work; Social psychology at work; Leadership and participation; Communications and change; Other influences on employee behaviour. Personnel management; Human resources planning; Job analysis and job specifications; Recruitment and selection; Promotion, transfer, demotion and retirement; Resignation and dismissal; Labour turnover; Appraisal; Training Principles and administration; Training methods; Job evaluation; Wages and Salaries; Safety and conditions of employment; EC dimension of personnel management; Personnel records and statistics; Industrial relations. International Trade and Payments - The Background to International Trade, Dealing with a Balance of Payments Deficit, The International Monetary System, Export and Import Prices, Marketing Goods Abroad, Credit Control, Methods of Payment, Shipping documents, Bills of Exchange, Credit Risk Insurance, Short-Term Export Finance, Medium and Long-Term Export Finance, Finance for Importers, Exchange Control. Management Accounting - Students obtain a firm grounding in the use of Management Accounting in assessing performance and controlling operations with an in-depth study of the following areas - Purpose and role of Management Accounting, Standard Costing and Budgetary Control, Decision Making, The Management of Working Capital, Investment Appraisal, Management Accounting and Computers. Purchasing and Supply - Defining Purchasing and its objectives, Purchasing Organisation, Purchasing policy, procedures and documentation, Purchasing and EDP, The Right Quality, Buying in the Right Quantity at the Right Time, Buying at the Right Price, Supplies and Supplier Sourcing and Evaluation, Negotiation, Special Aspects of Purchasing, Purchasing Research, Performance and Ethics. Spreadsheets, Budgets and Forecasts Budgeting and Forecasting, Understanding Budgets and Forecasts, Using Budgets and Forecasts. Spreadsheet Essentials, Understanding Computer Spreadsheets, Spreadsheet Techniques for Budgeting and Forecasting. Complete Forecasting, Preparation for the Budget, Creating a Budget Framework. Using the Forecast, Assembling the Budget, Causes and Effects, Allocation, Monitoring and Reviewing, Further Analysis. Handling VAT, VAT in the Forecast. Taxation Theory and Introduction to Taxation, Income Tax, Capital Gains Tax, Corporation Tax, Introduction to Value Added Tax, Administration of Income Tax and Capital Gains Tax. Word Processing 1 Introduction to the Major Parts of a Microcomputer System; Word Processing; Creating Documents; Editing Documents; Saving, Retrieving and Printing; Proofing documents; Managing files; Working with text; Formatting text.

    D:LCM/COURSE OUTLINES/Dp Bus Accntg

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