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Business Accounting 
business finance accounting 
The Pearson Level 3 Financial Accounting qualification is for students who work in, or want to work in, accounting environments. The qualification provides students with the key knowledge and understanding of accounting principles and concepts underlying all financial accounting including the preparation of accounting entries for non-current assets; advanced bookkeeping; the preparation of journals for correction of errors and year-end adjustments; the preparation of the extended trial balance to incorporate these adjustments and the preparation of financial statements for unincorporated businesses (sole traders and partnerships). 
 
Students will gain skills to produce financial records, summarizing an organisation’s financial transactions over a specific accounting period, and its current financial position in terms of assets, liabilities and capital. This qualification is trusted and valued by employers worldwide and recognized by universities and professional bodies. This will increase students’ employability in the sector and allow them to continue their academic development by progressing to the Pearson Level 4 Certificate in Financial Accounting or other professional accountancy qualifications. 
Pearson Level 3 Certificate in Financial Accounting 
 
 
Content: 
There are 6 main areas to be covered during the course with sub areas and elements in each they are as follows: 
 
1. The purpose of maintaining financial records: 
1.1 The scope of the financial accounting function 
1.2 Different types of business organisations 
1.3 How financial statements contribute towards meeting the needs of different stakeholders and users 
1.4 The importance of ethical behaviour in accounting practices 
 
 
 
3. Balancing accounts and the trial balance 
3.1 The purpose of the trial balance 
3.2 Correction of errors in transaction recording 
3.3 Operate a control account 
3.4 Operate a suspense account 
 
 
5. Produce financial statements of a sole trader and partnership 
5.1 Prepare the main financial statements 
 
 
2. Recording financial transactions 
2.1 The principles of double entry accounting 
2.2 Recording sales and purchases 
2.3 Recording cash transactions 
2.4 Undertake a bank reconciliation 
2.5 Recording receivables and payables 
2.6 Recording changes in inventory 
2.7 Make adjustments for accruals and prepayments 
2.8 Account for depreciation costs 
2.9 The accounting treatment of tangible and non-current assets 
 
4. Adjustments and the extended trial balance 
4.1 The purpose of the extended trial balance 
 
 
 
 
 
6. Introduction to interpretation of financial statements 
6.1 The contribution of financial statements measuring business performance 
 
Course Duration And Times: 
Approximatly 150 hours 
6 hours a week 
7 months maximum  
 
Entry requirements: 
To be confirmed 
 
Fees: 
To be confirmed 
 
 
 
 
apply now 
 
Download our application form, fill it out and send it back to us at: admin@angloskillscollege.co.uk 
 
It is as simple as that!  
 
For any help or enquiry's regarding your application feel free to contact the email address as mentioned above for assistance or more information. 
 
<UK residents please use the form to the left 
International applications the form to the right > 
 
 
 
 
 
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