Applied Accounting

4.8 Rating

(9 Reviews)

3 Students

Last updated: August 13, 2026
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Language: English
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Flexible Schedule

Dive into the essential concepts of accounting with our Applied Accounting course, designed to provide you with a solid theoretical foundation in the discipline. Whether you are new to the field or looking to deepen your understanding, this course offers comprehensive insights into the key pillars of accounting. From mastering financial reporting in commerce to understanding the nuances of cost and management accounting, Applied Accounting ensures that you grasp the intricacies of accounting without the need for hands-on practice. Explore the theoretical limitations and frameworks within which accounting operates, empowering you to critically evaluate financial practices in various organizational settings. By the end of this course, you’ll have a strong conceptual grasp of Applied Accounting that will serve as the bedrock for any future financial studies or accounting applications.

Learning Outcomes

  • Understand core concepts of accounting and reporting.
  • Gain knowledge of financial accounting fundamentals.
  • Analyze financial statements with theoretical frameworks.
  • Learn about management and cost accounting principles.
  • Explore the limitations and scope of accounting practices.
  • Develop critical thinking in accounting-based decision making.

Why buy this Applied Accounting course?

  1. Unlimited access to the course for forever
  2. Digital Certificate, Transcript, student ID all included in the price
  3. Absolutely no hidden fees
  4. Directly receive CPD accredited qualifications after course completion
  5. Receive one to one assistance on every weekday from professionals
  6. Immediately receive the PDF certificate after passing
  7. Receive the original copies of your certificate and transcript on the next working day
  8. Easily learn the skills and knowledge from the comfort of your home

Certification

After studying the course materials of the Applied Accounting there will be a written assignment test which you can take either during or at the end of the course. After successfully passing the test you will be able to claim the pdf certificate for £4.99. Original Hard Copy certificates need to be ordered at an additional cost of £8.

Who is this Applied Accounting for?

  • Aspiring accountants seeking a solid theoretical foundation.
  • Finance students aiming to strengthen their accounting knowledge.
  • Individuals looking to advance their understanding of commerce-based accounting.
  • Professionals wanting to explore accounting concepts in a deeper, academic context.
  • Learners interested in the limitations and boundaries of accounting practices.
  • Those preparing for advanced studies in finance or accounting theory.

Prerequisites

This Applied Accounting does not require you to have any prior qualifications or experience. You can just enrol and start learning.This Applied Accounting was made by professionals and it is compatible with all PC’s, Mac’s, tablets and smartphones. You will be able to access the course from anywhere at any time as long as you have a good enough internet connection.

Career path

  • Junior Accountant: £20,000 to £30,000 per year
  • Financial Analyst: £28,000 to £45,000 per year
  • Management Accountant: £35,000 to £55,000 per year
  • Cost Accountant: £30,000 to £50,000 per year
  • Financial Controller: £50,000 to £80,000 per year
  • Audit Assistant: £22,000 to £35,000 per year

Course Curriculum

Module 01: Accounting and Reporting in Commerce
Definition of Accounting 00:02:00
Accounting Principles 00:03:00
Accounting Equation 00:01:00
Accounting Cycle 00:02:00
Double Entry Accounting 00:04:00
Assets 00:02:00
Liabilities 00:02:00
Capital 00:04:00
Accounting Conventions 00:02:00
IFRS and GAAP 00:02:00
Module 02: Financial Accounting Part 01
Financial Accounting 00:01:00
Financial Statements – Applications and Use 00:02:00
Profit and Loss Statement – Income Statement 00:02:00
Multi-step Income Statement 00:02:00
Expenses 00:02:00
Profit before Tax and EBITDA 00:02:00
Input to Depreciation Accounting 00:03:00
Depreciation Journal Entries 00:01:00
Balance Sheet – Assets and Liabilities Statements 00:03:00
Inventories 00:01:00
Liability Accounts 00:02:00
Total Liabilities and Equity 00:01:00
Module 03: Financial Accounting Part 02
Permanent and Cyclical Working Capital 00:02:00
Forms of Working Capital Financing 00:03:00
Determinants of Working Capital 00:02:00
Cash Flow Statements – Operational and Reporting Formats #1 00:04:00
Cash Flow Statements – Operational and Reporting Formats #2 00:01:00
Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) 00:02:00
Cash Flow Return on Investment (CFROI) 00:01:00
Key Ratio Analysis – Short Term Acid Tests & Long Term Viability 00:05:00
Module 04: Management & Cost Accounting
Management and Cost Accounting 00:03:00
What is Cost Accounting? 00:01:00
Material, Labour and Overhead Costing 00:02:00
Process Costing, Job Costing and Batch Costing 00:03:00
Job Costing 00:04:00
Activity Based Costing – Lean Operations 00:03:00
Steps in Developing and Activity – Based Costing System 00:02:00
Benefits and Limitations of Activity-Based Costing 00:02:00
Standard Costing and Variance 00:02:00
Standard Costing in GAAP and IFRS 00:04:00
Responsibilities for Variances 00:01:00
Module 05: Limitations of Accounting
Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis 00:03:00
Uncertainties and Quality of Input Data 00:02:00
Break-Even Chart 00:04:00
Inventory Management– Raw, Work in Progress (WIP) & Finished Goods 00:02:00
Reorder Point, Lead Time and Safety Stock 00:03:00
Budgeting & Capital Investment – Revex & Capex 00:04:00
Limitations of Accounting – Financial Reporting 00:03:00
Intangibles, Human Capital & Goodwill – Recognition and Valuation 00:01:00
Goodwill 00:02:00
Audit – Internal & External 00:03:00
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Applied Accounting
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This course includes:

  • level Skill Level
  • course_duration Duration
    2 hours
  • studentsStudents
    3 Students