To develop knowledge and understanding of the techniques used to maintain accounting records and prepare final accounts of unincorporated entities.
To develop knowledge and understanding of how organisations record, analyse and report current and future costs and revenue data for use within the organisation.
To develop knowledge and understanding of the role of a manager in an effective, efficient, safe and secure accounting environment. This includes the co-ordination of work, activities, the maintenance of an effective accounting system, people management, personal effectiveness and health and safety and security issues within the workplace.
To understand and apply the techniques used to prepare year-end financial statements of partnerships and limited companies which comply with legislation and accounting standards, and to interpret financial statements and the relationships between their elements using ratio analysis.
To develop knowledge and understanding of the application of management accounting techniques to support the management processes of planning, decision making, control and performance measurement.
To develop knowledge and understanding of the audit process from the planning stage through to the reporting stage and the techniques used in the conduct of internal and external audits
To develop the ability to prepare computations of tax liability for both individuals Computations and business resident in the UK for the purposes of income tax, corporation tax, capital gains tax and value added tax. In addition, to develop knowledge and understanding of the manner in which dealings must be conducted with the Inland Revenue and Customs & Excise, including knowledge of the statutory timescales for the submission of claims and returns and the due dates for the payment of tax liabilities.
To develop knowledge and understanding of the way organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to capital expenditure projects.