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Accounting for Business - Introduction (SCQF Level 7)
Learn about the techniques and documentation required for business accounting.
Provider
North East Scotland College, Scotland (Online)(For price, check with provider)
This course is available on the North East Scotland College website.
Description
Why take this course?
This unit is designed to introduce learners to the basic tools needed to maintain a range of financial records for a business.
Topics introduced in this unit will be expanded on in later units in the HN Business programme and will form a foundation for those progressing on to degree studies that include elements of accounting and finance. This is mandatory unit within HNC/HND Business and can be taken as a stand-alone Unit.
For more information please visit the SQA website.
What you will experience
The unit has four outcomes:
- Outcome 1 will introduce you to quoting for business in both a retail and manufacturing business environment. You will explore things such as volume discount, overhead absorption and profit margin in this outcome.
- Outcome 2 deals with the important concept of inventory control and valuation using different techniques.
- Outcome 3 introduces basic bookkeeping concepts and some of the related documentation to give you an insight into how businesses manage their cash as well as sales and purchases on credit.
- Outcome 4 brings all of this together in the form of financial statements for the business. You will be able to see whether the business has made a profit or loss and what the financial position of the business is.
About North East Scotland College
North East Scotland College is the single largest provider of vocational education and training in the North East of Scotland.
We have a course to suit everyone; whether you’re fresh out of school, currently working, returning to education or simply want to try something new – whatever your educational or occupational background, an opportunity awaits at NESCol.
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