Choose a Currency: USD EUR SEK TRY

Balancing the books is at the heart of all business management. The overall aim of this course is to introduce students to essential financial accounting principles and techniques which will enable them to record and prepare basic final accounts. Students will learn how to prepare accounts for sole traders and partnerships as well as limited companies.

On successful completion of this course students will be able to contribute effectively to the accounting function of an organisation, or to understand how to record and prepare basic financial accounts for their own business. They will have the knowledge and skills required to progress to a higher level of study.

By the end of this course a student will be able to:

  • Record business transactions using double entry book-keeping, and be able to extract a trial balance.
  • Prepare final accounts for sole-traders, partnerships and limited companies in accordance with appropriate principles, conventions and standards.
  • Perform bank reconciliations to ensure company and bank records are correct.
  • Reconcile control accounts and shift recorded transactions from the suspense accounts to the right accounts.

For students who have recently been in education, the entry profile is likely to include one of the following:

  • Students must be over 18 years of age.
  • A Level 3 qualification in Business or an international equivalent.

The qualification is wholly in English language. Students should demonstrate capability in English at a standard equivalent to one of the identified levels below:

  • Common European Framework of Reference (CEFR) level B2
  • PTE 51
  • IELTS 5.5; Reading and Writing must be at 5.5
  • or equivalent.

Registration process:

  • Based on course settings, students might be requested to fill in an application and provide us with correct information about themselves before being able to proceed with the course (the application is online).
  • We will contact you by email if we need more details after submitting your application.
  • After approval, you can proceed with payment and start the course.

Materials are organized under different lessons. The lessons consist of self-study contents including reading-texts, practical activity, assignment and quizzes in which students can engage and learn.

The course has supervisors and instructors; they are available online to support students by answering their questions or explain different topics to them. This will be managed under discussion section, forums, direct contact or by online meetings.

When student successfully completes all lessons, quizzes and pass assignment, he/she will be offered a certificate.

The Course is available as an individual or under Pearson Qualifications (HNC/HND) in Business. The price will be updated based on the selected option. The individual course fee is higher because Awarding Organization has additional fees for individual enrollment. At the same time, a discount will be automatically added when you order HNC/HND in Business or if you’re already enrolled under these qualifications.

Courses awarded under Next Gates have no discount, and the fee is already reduced.

* Note that prices don’t include VAT. It might be added at checkout based on your location.

Course Curriculum

Section One
Introduction to Financial Accounting 01:30:00
Accounting Concepts and Key Terminologies 01:30:00
The Accounting Equation 01:30:00
FIA Progress Quiz 01/10 00:30:00
Types of Business and Business Entities 01:30:00
Recording of Financial Transactions 01:30:00
The Accounting Process 01:30:00
FIA Progress Quiz 02/10 00:30:00
Section Two
The Ledger Accounts 01:30:00
The Trial Balance 01:30:00
Accounting for Sales and Purchases 01:30:00
FIA Progress Quiz 03/10 00:25:00
Rectification of errors 01:30:00
Financial Reports & Financial Statements 01:30:00
Preparing Financial Statements – Basics 01:30:00
FIA Progress Quiz 04/10 00:25:00
Section Three
Partnership Accounts – I 01:30:00
Partnership Accounts – II 01:30:00
Accounting for Companies 01:30:00
FIA Progress Quiz 05/10 00:25:00
Preparing Financial Statements from Incomplete Records 01:30:00
Understanding the Statement of Profit & Loss 01:30:00
Understanding the Statement of Financial Position 01:30:00
FIA Progress Quiz 06/10 00:25:00
Section Four
The Statement of Cash Flows 01:30:00
Auditor’s Report, Statement of Changes in Equity and Notes 01:30:00
Revenue & Capital Nature Expenses 01:30:00
FIA Progress Quiz 07/10 00:25:00
Accounting for Inventories 01:30:00
Accounting for Bad and Doubtful Debts 01:30:00
Accruals and Prepayments 01:30:00
FIA Progress Quiz 08/10 00:25:00
Section Five
Depreciation 01:30:00
Control Accounts and Their Reconciliations 01:30:00
Accounting for Intangible Assets 01:30:00
FIA Progress Quiz 09/10 00:25:00
Liabilities, Provisions and Contingencies 01:30:00
Reconciling Bank Balances with Books of Accounts 01:30:00
Interpretation of financial statements 01:30:00
FIA Progress Quiz 10/10 00:30:00

Course Reviews


  • 5 stars0
  • 4 stars0
  • 3 stars0
  • 2 stars0
  • 1 stars0

No Reviews found for this course.

  • 4 months
  • Course Certificate
  • 15 Credits
  • Optional
  • English
  • Self Study

Do you have a question!

    About NG Education

    Next Gates Education offers a professional qualifications and courses in which most of them are accredited by UK’s top Awarding Bodies and internationally recognized.

    Find Certificate


    Verkstadsgatan 1B 392 39 Kalmar, Sweden

    Tel: +46 700 90 77 50

    NG Education

    Online Secured Payment

    error: Alert: Content selection is disabled!!