Financial Accountability Programme Course Description
The Executive Certficate Programme in Managing Financial Accountability is a modular distance learning Financial Accountability Programme is Endorsed and Approved and Executive Certificate of Completion is Issued by Laurel University of High Point, North Carolina, USA and the Institute of Leadership & Management (ILM) United Kingdom
The objective of this course in financial accountability is to present students with the basic skills and terminology and then allow them to apply these skills in practical critical thinking exercises, decision situations and other higher levels of learning. Topics include both financial accounting concepts and managerial accounting concepts. The course begins with an understanding of the various financial statements and the basic accounting process. A more in-depth coverage of assets, liabilities, equities, revenues and expenses precedes a discussion of financial statement analysis. The course transitions into foundational managerial accounting concepts including cost behaviour, budgets, performance evaluation, differential analysis and capital budgeting.
This course has 15 modules, each focusing on a unique topic with unique objectives for your knowledge, skill, and values. Modules are given different priority, and so are not always equal in length, difficulty, or grading weight. Failing a module will result in immediate repetition of that module.
This course is for corporate executives. In some ways, this course will be more demanding and academically rigorous than a traditional classroom or face to face course. It has been carefully engineered by a team of qualified university professors and experienced business executives to meet the needs of busy working professionals who require maximum flexibility in a market-relevant, academically rigorous education. It places a significant burden on the student to manage the study schedule and to master concepts, principles, practices and tools. Self-discipline and time management skills are therefore essential to successfully complete this course.
To enrol in this course, you must read this Course Description and the Course Introduction.
Entry Requirements
One of the following
- Senior Managers
- Managers
- Company Supervisors A recognised university foundation programme
- or be
- a middle or senior manager or specialist, with over 5 years of experience
- an Owner Manager wishing to develop and grow their organisation
- a Consultant with corporate clients.
Flexible Start Dates
Students can start the programme monthly each Year
Duration
10 to 14 Weeks.
Course Content
| Module | Issues + Resources |
| 1 | Introduction |
| 2 | Balance Sheet Assets = Liabilities + Equity Current v. Long-Term Operating v. Non-Operating
|
| 3 | Income Statement Revenue Recognition Matching Expenses with Revenues Analysis of Income Statement
|
| 4 | Journal Entries Account Classifications Journal Entries Adjusting Entries
|
| 5 | Cash Flow Statement Operating Activities Investment Activities Financial Activities
|
| 6 | Current Assets Petty Cash Marketable Securities Accounts Receivable FIFO/LIFO
|
| 7 | Long-Term Assets Capitalization and Expensing Tax Reporting Termination and Disposition Journal Entries
|
| 8 | Liabilities Current Liabilities Long-Term Liabilities Operating Liabilities Journal Entries
|
| 9 | Equities Common Stock Preferred Stock Retained Earnings Journal Entries
|
| 10 | Cost Behaviours Variable Costs Fixed Costs Break-Even Analysis
|
| 11 | Product Costing Standard Costs Job Order Cost Process Cost Overhead Analysis
|
| 12 | Budgeting Forecasting Budget Process Master Budget
|
| 13 | Variance Analysis Expense-Related Overhead Labour Production Material Usage Cost Behaviour Fixed v. Variable
|
| 14 | Responsibility/Performance Transfer Pricing Controllable v. Non-Controllable Costs Responsibility Centres Flexible Budgeting
|
| 15 | Final Exam |
How This Course Is Graded
On an unannounced and unscheduled basis, students are asked questions by the Tutors, Lecturers and Instructors, the company department manager, the personal guide, the Human Resources Department and other students about various aspect of the learning experience. College Tutors, Lecturers and Instructors have access to data and summary reports in real-time, on-demand.
Grading standards for this course will be “P” for Pass, “M” for Merit and “D” for Distinction. As this course is based on continuous learning; Note that a student MAY NOT be able to proceed to a new module in this course without first demonstrating minimum competency before been allowed to proceed to the next module. Students and Tutors, Lecturers and Instructors have access to real-time performance assessments throughout this course.
Study Timetable
The Managing Financial Accountability Course Unit along with the accompany modules typically takes about 10 to 14 weeks with continuous assessment and assignments. The complete course should take approximately 14 Weeks to complete.
Tutor Support
Following registration, our students will be allocated to a Tutor or Lecturer or Instructor to discuss your course work and give advice and guidance on assignments.
Study fees
£995 GBP
Contact us to discuss paying in instalments.
For more information and an application form please complete our enquiry form.
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