Qualifi Level 5 Diploma in Accounting and Finance Course in Islamabad In Pakistan (Rawalpindi, Peshawar)
Qualifi Level 5 Diploma in Accounting and Finance Course in Islamabad
Inspire Institute Of Technologies Pakistan Private-SMC Limited Is Directly Approved Center Qcn001371 of Qualifi (An Ofqual Recognized Awarding Organization).
What Is Meant By Accounting?
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting Is The Recording Of Financial Transactions Along With Storing, Sorting, Retrieving, Summarizing, And Presenting The Results In Various Reports And Analyses. Accounting Is Also A Field Of Study And Profession Dedicated To Carrying Out Those Tasks.
Categories of Accounting:
Cost.
Managerial.
Financial accounting.
What Is Meant By Finance?
Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows. Because of this temporal aspect, finance is closely linked to the time value of money, interest rates, and other related topics. The Process Of Raising Funds Or Capital For Any Kind Of Expenditure. Consumers, Business Firms, And Governments Often Do Not Have The Funds Available To Make Expenditures, Pay Their Debts, Or Complete Other Transactions And Must Borrow Or Sell Equity To Obtain The Money They Need To Conduct Their Operations. Savers And Investors, On The Other Hand, Accumulate Funds Which Could Earn Interest Or Dividends If Put To Productive Use. These Savings May Accumulate In The Form Of Savings Deposits, Savings And Loan Shares, Or Pension And Insurance Claims; When Loaned Out At Interest Or Invested In Equity Shares, They Provide A Source Of Investment Funds.
Categories of Finance:
Public finance.
Corporate finance.
Personal finance.
What Is Difference Between Accounting And Finance?
The Difference Between Finance And Accounting Is That Accounting Focuses On The Day-To-Day Flow Of Money In And Out Of A Company Or Institution, Whereas Finance Is A Broader Term For The Management Of Assets And Liabilities And The Planning Of Future Growth.
If You Want To Exercise High-Level Control Over A Company’s Strategy, Finance Could Be For You. If You Want To Take A Detailed Look At A Company’s Books you’re Probably More Interested In Accounting. It’s Often Said That Accounting Looks Back To A Company’s Past Financial Transactions, Whereas Finance Looks Forward to Plan Future Acquisition of Assets.
Accounting Is More About Accurate Reporting Of What Has Already Happened And Compliance With Laws And Standards. Finance Is About Looking Forward And Growing A Pot Of Money Or Mitigating Losses. If You Like Thinking In Terms Of A Longer Time Horizon You May Be Happier In Finance Than In Accounting.
If You Want To Study Accounting You Can Expect To Take Classes In Accounting Practices And Accounting Ethics, Business Law, Tax Law And Accounting Theory. If You Study Finance You’ll Likely Spend Some Time On Macroeconomics And International Finance In Your Classes, As Well As On Financial Engineering And Corporate Finance.
Career Progressions:
Enhanced Numeracy and Analytical Skills.
Excellent Communication (Oral and Written) And Interpersonal Skills.
Time Management and Organizational Skills.
Management Skills and Techniques.
Commercial Awareness.
Course Overview:
The Aim Of The Qualifi Level 4 Diploma In Accounting And Finance Is To Provide Learners With An Understanding Of Management Accounting And Finance And Their Role In Business. Learners Will Develop Practical Skills For A Career In Managing Business Finances.
Successful Completion Of The Qualifi Level 4 Diploma In Accounting And Finance Provides Learners With The Opportunity To Progress To Further Study Or Employment.
Course Units:
Financial Management.
Financial Planning and Control.
Financial Reporting.
Principles and Practices of Taxation.
Management of People.
Ethics and Corporate Responsibility in Business.
Accounting In a Business Context.
Economics for Business Mathematical.
Accounting Methods.
Financial Accounting.
Management Accounting.
Leadership and Management In Accounting.
Learning Outcomes:
Financial theories and working capital management and the management of an organization’s global financial risk;
Corporate governance relating to financial planning and control, the economic and financial environment in general and potential investment appraisal;
Organizational business assets management and the preparation of financial reports;
The principles of taxation and the requirements of personal and business tax;
People management in organizations throughout the human resources (HR) cycle;
Corporate Social Responsibility (CSR) in business.
Understand The Micro- And Macro- Economic Factors That Affect Business.
Understand The Business Environment’s Impact on Financial Accounting.
Develop Mathematical Skills Required For Financial Accounting.
Understand And Prepare Financial Accounts.
Understand The Purpose Of And Use Management Accounting Techniques.
Understand The Role Of Leadership And Management In Accounting.
Entry Requirements:
Approved Centers Are Responsible for Reviewing and Making Decisions as to the Applicant’s Ability to Complete the Learning Programmer Successfully and Meet the Demands of the Qualification. The Initial Assessment By The Centre, Will Need To Consider The Support That Is Readily Available Or Can Be Made Available To Meet Individual Learner Needs As Appropriate.
