Preparing Financial Statements SCQF Level 7
A detailed introduction to preparing final accounts.
Why take this course?
Business organisations need to analyse their financial position in terms of profitability, liquidity and efficiency and you will learn how to calculate and analyse accounting ratios to provide this information.
This is a mandatory Unit within the PDA Financial Accounting and the HNC/HND Accounting Group Award. It may also be taken as part of other HN Group Awards as an optional Unit, or can be taken as a stand alone HN Unit.
What you will experience
This course will introduce you to the financial statements of sole traders (from incomplete records), partnerships and limited companies that operate as either traders or manufacturers. The financial statements comprise of income statements and statement of financial position and you will learn how to prepare and present these statements in accordance with current accounting standards.
As cash flow is important to businesses you will learn how to produce statement of cash flows for limited companies.
This Unit is primarily intended for candidates who expect to take up a career or further study in accounting and/or financial administration. It is also relevant to those with appropriate work experience who wish to formalise their financial accounting skills. On completion of the Unit you should be able to:
1. Prepare financial statements for business organisations;
2. Prepare financial statements, for a sole trader, from incomplete records;
3. Prepare a statement of cash flows for a limited company;
4. Use accounting ratios to analyse financial statements of a limited company.
The assessments for this Unit will be carried out under supervised conditions.
This course requires you to manage your workload independently, and will involve attendance at a campus or centre - often for assessment purposes only.
You should have some prior knowledge of book-keeping. This could be demonstrated by achievement of the HN Unit F7JV 34: Recording Financial Information or a similar qualification at SCQF level 6/7.
What you will need
Students are responsible for securing any unit resources listed.
What you need to know
This course involves an additional SQA fee. Please see our Courses Explained page for further information on costs.
Please note that fee waivers may apply.
For more information about job opportunities, salaries and employment rates in this industry, visit the Career Coach website.
This course requires some attendance at College, often for assessment purposes only. Please enquire about expectations for your specific course when booking.
Pre-entry guidance is required prior to booking a place on this course. Please contact Brenda Bryce, Distance Learning Co-ordinator by email or on 01346 506014 in the first instance for more information. When submitting your distance learning application form, please ensure you attach the additional information sheet listing qualifications and previous knowledge with your application. You may be required to attend College for assessment. Please check if this is a requirement for your course.
|80 Hours over 12 Months||£240.00||
|Paper applications only|
You must submit a paper application form for this course and return it to us completed and signed.
Completed forms should be returned to the following freepost address:
The Student Information & Admissions Manager
North East Scotland College
Aberdeen City Campus
UK AB25 1BN
Should you have any problems with your application, please contact the Student Advice Centre:
Telephone: 01224 612330
If you take up a place on a College course, at the start of the course you will be asked to sign an enrolment form. In signing the form and/or taking up a place on a College course, you will enter into a contract with the College and be bound by the North East Scotland College Standard Terms and Conditions of Study. Copies of the Terms and Conditions are available for inspection on notice boards and at various locations throughout the College, at the College Reception, on the College website: www.nescol.ac.uk, or can be obtained on request from the Student Funding and Admissions Manager, North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen AB25 1BN. Please note that courses are offered subject to (a) there being sufficient numbers of enrolments and (b) the availability of resources. The College reserves its right (i) not to run courses where the number of students is considered insufficient or where resources are unavailable and (ii) in certain circumstances, to refuse admission to an individual applicant.