Accounting and Finance – Level 4

Accounting and Finance – Level 4 is a practical professional course designed for learners who want to build strong foundation skills in bookkeeping, accounting records, financial reporting, budgeting, payroll, taxation awareness, and basic business finance. The course is suitable for beginners, office staff, accounts assistants, entrepreneurs, and learners planning to work in accounting or finance-related roles.

Course Duration: 3 Months
Sessions: 12 Sessions
Level: Level 4

Course Curriculum:
Module 1: Introduction to Accounting and Finance – Understand the role of accounting and finance in business, key accounting terms, financial users, business transactions, and the importance of accurate records. Lessons: Meaning of accounting and finance, Users of financial information, Types of business transactions, Importance of financial records
Module 2: Accounting Principles and Concepts – Learn the basic accounting principles, assumptions, conventions, and rules that guide proper accounting treatment and financial reporting. Lessons: Accounting principles, Accrual and matching concepts, Going concern concept, Consistency and prudence
Module 3: Double-Entry Bookkeeping System – Develop practical knowledge of debit and credit rules, account types, and the double-entry system used to record business transactions. Lessons: Debit and credit rules, Assets liabilities equity income and expenses, Account classification, Double-entry practice
Module 4: Journals, Ledgers and Trial Balance – Learn how to prepare journal entries, post to ledger accounts, balance accounts, and prepare a trial balance for checking accuracy. Lessons: Journal entries, Ledger posting, Balancing accounts, Trial balance preparation
Module 5: Cash Book and Bank Reconciliation – Understand cash book preparation, petty cash control, bank transactions, and bank reconciliation statements for business records. Lessons: Cash book format, Petty cash system, Bank statement comparison, Bank reconciliation process
Module 6: Accounts Receivable and Accounts Payable – Study customer and supplier accounts, invoice processing, credit control, payment tracking, aging reports, and basic receivable/payable management. Lessons: Sales invoices, Purchase invoices, Customer accounts, Supplier accounts and aging reports
Module 7: Inventory and Cost Accounting Basics – Learn inventory recording methods, cost of goods sold, stock valuation basics, direct and indirect costs, and cost control concepts. Lessons: Inventory records, Cost of goods sold, Stock valuation basics, Direct and indirect costs
Module 8: Payroll Accounting and Employee Records – Understand payroll documentation, salary calculations, allowances, deductions, overtime basics, and payroll record keeping. Lessons: Payroll documents, Salary and allowance calculation, Deductions and overtime basics, Payroll records
Module 9: Taxation and Compliance Basics – Gain awareness of basic taxation concepts, invoices, records, compliance responsibilities, and the importance of accurate financial documentation. Lessons: Taxation overview, Tax invoices and records, Compliance documentation, Common accounting controls
Module 10: Financial Statements Preparation – Learn the structure and preparation of income statement, statement of financial position, and basic supporting schedules. Lessons: Income statement, Statement of financial position, Adjusting entries basics, Supporting schedules
Module 11: Budgeting, Forecasting and Financial Analysis – Develop practical skills in preparing simple budgets, monitoring expenses, analyzing financial performance, and supporting management decisions. Lessons: Budget preparation, Expense control, Variance analysis basics, Financial ratios and interpretation
Module 12: Accounting Software, Practical Case Study and Final Assessment – Apply accounting knowledge using practical case scenarios, digital accounting workflow, report preparation, and final assessment activities. Lessons: Accounting software workflow, Data entry concepts, Report generation, Case study and final assessment

By the end of this course, learners will be able to record business transactions, prepare basic financial statements, understand receivables and payables, support payroll and taxation records, assist with budgeting and financial analysis, and apply accounting knowledge in practical workplace situations.