ADV: Accounting | Loida British

Level 3 diplomas

Learners must complete all 6 mandatory units

Unit 1 Introduction to Accounting

Unit Aims: The aim of this unit is to develop an understanding of the different areas of accountancy practice and to begin to consider how these inter-relate with the business environment.

Credits: 10

Mandatory: Yes

Unit 2 Introduction to Accounting Principles

Unit Aims: The aim of this unit is to develop an understanding of accounting principles and information systems. Learners will develop practical bookkeeping skills and understand how to prepare double entry ledger accounts from first principles.

Credits: 10

Mandatory: Yes

Unit 3 Financial Accounting Applications

Unit Aims: The aim of this unit is to gain an understanding of financial accounting techniques. Learners will develop practical accounting skills to enable them to prepare final accounts for a range of different business organisations and will understand how to analyse and evaluate these statements making appropriate justifications for organisational improvements.

Credits: 10

Mandatory: Yes

Unit 4 Introduction to Management Accounting

Unit Aims: The aim of this unit is to develop their management and costing accounting skills. Learners will demonstrate numerical dexterity by completing practical tasks completed by business organisations on a day to day basis.

Credits: 10

Mandatory: Yes

Unit 5 Introduction to Cost Accounting Techniques

Unit Aims: The aim of this unit is to develop cost accounting skills. Learners will gain an understanding of the importance of costing to the effective operation of a business organisation.

Credits: 10

Mandatory: Yes

Unit 6 Ethical, Social and Political Issues in Accounting Practice

Unit Aims: By considering a range of social responsibilities, learners will gain an understanding of the inter-relationship between quantitative and qualitative information.

Credits: 10

Mandatory: Yes

Diploma in Applied Statistics

Learners must complete all 4 mandatory units.

Unit 1 Introduction to Statistics

Unit Aims: This unit aims to provide an introduction to statistics and their use and to develop a knowledge and understanding of the basic principles of statistics.

Credits: 10

Mandatory: Yes

Unit 2 Hypothesis Testing

Unit Aims: This unit aims to develop knowledge, understanding and skills in hypothesis testing which is used in a range of organisations and in fields such as psychology or medicine.

Credits: 20

Mandatory: Yes

Unit 3 Statistics in Industry and Commerce

Unit Aims: This unit aims to develop knowledge and understanding of the importance and use of statistics in business contexts.

Credits: 20

Mandatory: Yes

Unit 4 ICT in Statistics

Unit Aims: This unit aims to develop skills in the application of information technology to collect and interpret statistical data.

Credits: 10

Mandatory: Yes

diplomas in Accounting

Learners must complete all 4 mandatory units.

Unit 1 Financial Accounting 1

Unit Aims: The aim of this unit is to develop the financial reporting skills of those who manage or seek to manage the day to day finances and financial needs of small and medium enterprises (SMEs) and small and medium practices (SMPs). The unit will develop the ability to prepare financial statements according to the International Accounting Standard for Small and Medium-Sized entities (IFRS for SMEs) and to interpret financial statements prepared according to that standard.

Credits: 15

Mandatory: Yes

Unit 2 Financial Accounting 2

Unit Aims: Learners will develop the ability to prepare financial statements according to the International Accounting Standards for Small and Medium-Sized entities (IFRS for SMEs). Learners will gain knowledge and skills required to enable them to measure performance and assess the financial position of small and medium enterprises (SMEs) and small and medium practices (SMPs).

Credits: 15

Mandatory: Yes

Unit 3 Budgetary Control

Unit Aims: The aim of this unit is to develop knowledge and ability in identifying and evaluating sources of finance, managing and improving working capital, preparing budgets for functional departments and understand the importance of budgetary control for small and medium enterprises (SMEs) and small and medium practices (SMPs).

Credits: 15

Mandatory: Yes

Unit 4 Cost and Management Accounting

Unit Aims: Individuals will have the skills to provide relevant information for short-term and long-term decision making in relation to costing and pricing, whilst ensuring that employees are motivated to achieve individual objectives and the objectives of the business as a whole.

Credits: 15

Mandatory: Yes

diplomas in Accounting and Business

The Loida British Level 5 Diploma in Accounting and Business consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.

Unit 1: Principles and Concepts of Business Strategy Credits: 20 Mandatory: Yes
Unit 2: Financial Management Credits: 20 Mandatory: Yes
Unit 3: Financial Planning and Control Credits: 20 Mandatory: Yes
Unit 4: Financial Reporting Credits: 20 Mandatory: Yes
Unit 5: The Management of Human Resources Credits: 20 Mandatory: Yes
Unit 6: Business Start-up: Conception to Market Credits: 20 Mandatory: Yes

Diplomas in Accounting and Finance

The Loida British Level 7 Extended Diploma in Accounting and Finance has been designed to enhance the advanced knowledge and skills required by senior finance professionals. Learners completing this qualification will be able to work strategically in finance at a corporate level. Areas of study include financial reporting, mergers and acquisitions, management accounting, audit and compliance.

This is a core qualification available to existing and interested centres of Loida British.

Unit 1 Corporate Reporting for Strategic Business -Advanced

Unit Aims: The unit will ensure that students are able to examine corporate reporting from a number of perspectives, i.e. the preparer of corporate reports and from the perspective of a variety of different stakeholders such as finance providers.

Credits: 20

Mandatory: Yes

Unit 2 Core Financial Management-Advanced

Unit Aims: This unit develops the students understanding of key financial management knowledge and skills and prepares them to advise management and/or clients on complex strategic financial management issues facing an organisation. The unit explores the role and responsibility of a senior executive or advisor in meeting competing needs of stakeholders within the business environment of multinationals.

Credits: 20

Mandatory: Yes

Unit 3 Management for Strategic Performance -Advanced

Unit Aims: The aim of this unit is to introduce students to the strategic role of management accounting as a discipline for planning and controlling business performance to ensure strategic objectives can be set, monitored and controlled. The unit covers the impact of external factors on strategic management issues, such as macro-economic, fiscal, market and environmental impacts on performance.

Credits: 20

Mandatory: Yes

Unit 4 UK Taxation for Business and Individuals

Unit Aims: The aims of this unit are to ensure that students have a detailed understanding of the techniques of the key aspects of taxation. It will extend the students’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses in the UK.

Credits: 20

Mandatory: Yes

Unit 5 Audit and Compliance Advanced

Unit Aims: The aims of this unit are to ensure that students have a sound understanding of audit and assurance in practice. The unit begins with a review of the legal and regulatory environment and the need to comply with appropriate practice management techniques.

Credits: 20

Mandatory: Yes