Accounting (AC)

The Accounting (AC) Course provides a comprehensive understanding of fundamental accounting principles and practices, laying the groundwork for learners to succeed in the field of finance. It equips learners with the essential knowledge and skills to record, report, and interpret financial information, ensuring accuracy and compliance in organisational financial statements.

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Overview

The Accounting (AC) Course is an ideal starting point for individuals keen to develop a robust foundation in financial accounting. Designed for aspiring accounting and finance professionals, this course focuses on equipping learners with the ability to prepare, interpret, and analyse financial statements in compliance with standard accounting principles.

This course emphasises mastering key accounting techniques, including double-entry bookkeeping, trial balance preparation, and reconciliation methods essential for ensuring financial accuracy. Learners will also gain insights into how financial accounting supports organisational reporting and decision-making processes.

Part of the foundational ACA Certificate Level qualifications, this course develops practical expertise in maintaining accurate financial records, preparing financial statements, and ensuring compliance with regulatory standards. By mastering these skills, learners will be well-prepared to advance to higher levels of study and explore dynamic roles within the accounting and finance industry.

Course Objectives

Understand the principles and purpose of financial accounting in organisational contexts
Develop proficiency in double-entry bookkeeping and the preparation of trial balances
Gain the ability to prepare basic financial statements, including income statements and balance sheets
Learn to apply reconciliation techniques for error detection and correction
Enhance skills in interpreting financial data to support decision-making and stakeholder communication
Build a foundation for understanding financial reporting standards and regulatory compliance
Apply ethical standards in recording and reporting financial information

Upon completion, learners will possess the knowledge and skills to support accounting functions effectively, contributing to organisational accuracy and compliance while building a strong base for further ACA qualifications and a successful career in finance.

Average completion time

1 Month

with unlimited support

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Blended Learning

Study At Your Own Pace

Course Includes

Expert-led Sessions
Digital Delegate Pack
24/7 Tutor Support
Downloadable Resources & Challenges
Interactive Learning
Exercise Files
Scenario-Based Learning

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

Formal Degree:A degree in accountancy, economics, or business allows direct progression.
Academic Qualifications:
- UK or Irish Graduate Awards
- NVQ/SVQ Levels 3 & 4 (e.g., BTEC National/Higher National Certificates or Diplomas)
GCSEs and A Levels:
- Two A levels (grades A*-E) plus three GCSEs (grades A-C or 9-4).
- Two Vocational A levels or one double award, plus three GCSEs (grades A-C or 9-4) or one GNVQ intermediate/BTEC First Diploma (merit).
- Scottish Qualifications Certificate, Irish School Leaving Certificate.
- European/International Bachelor’s degree: Comparable overseas qualifications.

Learning Outcomes

Understand Financial Accounting Principles: Learn the purpose and importance of financial accounting and its role in organisational success.
Develop Bookkeeping Skills: Gain practical expertise in double-entry bookkeeping, ledger preparation, and error rectification.
Prepare Financial Statements: Acquire the skills to prepare basic financial statements, including income statements and balance sheets.
Reconciliation Techniques: Master the preparation of trial balances and reconciliations to ensure accuracy in financial records.
Build a Strong Foundation for Further Learning: Acquire the essential knowledge and skills needed to progress to higher-level ACA qualifications, specialising in financial accounting and reporting.

Target Audience

The Accounting (AC) Course is perfect for learners aiming to build their expertise in financial accounting or kickstart their journey toward a professional qualification in finance. Below are the roles and individuals who can benefit from this course:

Aspiring Accountants
Accounts Assistants
Junior Financial Analysts
Finance Administrators
Audit Assistants
Bookkeeping Specialists

Course content

Maintaining Financial Records

Understanding the principles and procedures for recording financial transactions
Recognising the importance of accurate record-keeping in financial reporting

Adjustments to Accounting Records and Financial Statements

Learning how to adjust entries to reflect accurate financial positions
Preparing financial statements that comply with relevant accounting standards

Preparing Financial Statements

Developing skills to compile financial statements for various business entities
Ensuring financial statements provide a true and fair view of the organisation's financial performance

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
Get expert guidance from tutors available online to assist with your studies.
Check your eligibility for exemptions with the relevant professional body before starting.
Our supportive team is here to offer study advice and support throughout your course.
Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

ACA Salary Growth

Career Growth Stories

Discover how MPES Learning transforms careers with real success stories.

Aaron Allcote

As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.

Aaron Allcote

Finance Officer

Bob Beaumont

I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.

Bob Beaumont

Senior Accountant

Arvy Pasanting

As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons.

Arvy Pasanting

Audit Senior

David Ford

I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising online learning opportunities that fit around the needs of my employer.

David Ford

Accountant

Aaron Allcote

Aaron Allcote

Finance Officer

Bob Beaumont

Bob Beaumont

Senior Accountant

Arvy Pasanting

Arvy Pasanting

Audit Senior

David Ford

David Ford

Accountant

ACA Roadmap

Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What is the primary focus of the Accounting (AC) Course?

It covers financial accounting principles, preparation of financial statements, and double-entry bookkeeping.

Q. What practical skills will I gain from this course?

You'll learn to draft financial statements, apply accounting standards, and analyse financial data effectively.

Q. Are real-world accounting scenarios included in the course?

Yes, case studies and examples are integrated to help you apply concepts to actual business situations.

Q. How is this course assessed?

The module is assessed through a computer-based exam with a mix of objective and narrative questions.

Q. Does the course require prior accounting knowledge?

While prior knowledge is helpful, the course is designed to cover the basics for beginners.

Q. What topics are covered in the Accounting (AC) Course?

The course covers key areas such as the nature and purpose of financial accounting, double-entry bookkeeping principles, trial balance preparation, preparation of financial statements, and reconciliation techniques.

Q. How is the course assessed?

The Accounting (AC) Course is assessed through a computer-based exam that tests theoretical understanding and practical application of financial accounting principles.

Q. What career opportunities does the course prepare learners for?

Completing the AC Course equips learners with foundational knowledge to pursue entry-level roles in accounting and finance, such as accounts assistant or audit trainee, and serves as a stepping stone for more advanced certifications.

Q. What learning materials are provided during the course?

Learners receive comprehensive study guides, practice exams, access to interactive e-learning resources, and materials to ensure a well-rounded understanding of the subject matter.

Q. How does this course fit into the broader ACA Qualification framework?

The Accounting (AC) Course is part of the ACA Certificate Level qualifications and provides the groundwork for more advanced ACA modules, building towards full ICAEW membership.

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