Accounting Technicians Ireland
Level 5
QN: 600/0107/0
Curriculum Active
Accounting Technicians Ireland Level 5 Diploma for Accounting Technicians
Official qualification regulated by Ofqual, awarded by Accounting Technicians Ireland. Classified as a Occupational Qualification. Total guided learning hours: 1510 hours.
Qualification Level
Level 5
Awarding Body
Accounting Technicians Ireland
Syllabus Units
21 Units
Guided Hours
1510 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Advanced Accounting Skills
Verified
Key Learning Objectives:
- Be able to prepare work place accounts for internal and external purposes
- Be able to interpret financial statements using ratio analysis within the working environment
- Be able to apply appropriate accounting standards within the working environment
- Be able to prepare accounts from in
- complete records and/or using judgment and calculating accounting estimates within the working environment
- Be able to prepare cash flow forecasts and projections within the working environment
2
Advanced Financial Accounting
Verified
Key Learning Objectives:
- Understand the influence of legislation, regulation and accounting standards on the production of published accounting information
- Understand the professional ethical issues relevant to the accounting and auditing business environment
- Be able to prepare financial statements for partnerships and limited companies from complete and in
- complete records
- Be able to apply ratio analysis as a technique in decision making and performance evaluation
- interpret and communicate financial information in a professional manner to interested parties
3
Advanced Taxation
Verified
Key Learning Objectives:
- Be able to apply HMRC administration and registration procedures with regard to the taxpayer for Income Tax, Corporation Tax and VAT.
- Be able to apply the implications of domicile, residence and ordinary residence on the tax affairs of individuals.
- Be able to apply Income Tax legislation to calculate the tax payable on income in a selection of complex trade situations.
- Be able to apply the principles of the charge to Capital Gains Tax for UK resident individuals and companies
- Be able to apply Corporation Tax legislation to calculate basic taxable profits from trade and Corporation Tax Payable for a limited company
- Be able to apply Corporation Tax legislation in a number of complex trading situations.
- Understand the nature of Close Companies in Corporation Tax legislation
- Be able to apply defined procedures with regard to close company status on tax affairs of a company and associated participants.
- Be able to apply Value Added Tax (VAT) legislation with respect to the trading activities of UK businesses in a selection of complex trade situations.
4
Advanced Taxation Skills
Verified
Key Learning Objectives:
- Be able to accurately calculate and advise on personal and corporate taxation issues within the working environment
- Be able to calculate relevant tax computations accurately within the working environment
- Be able to accurately complete tax returns within the working environment
- Be able to communicate effectively with interested parties on taxation issues within the working environment
5
Auditing Processes
Verified
Key Learning Objectives:
- Be able to contribute to a financial and/or other audit within the working environment
- Be able to implement key recommendations resulting from a financial and/or other audit
- Be able to evaluate newly implemented systems and/or policies and procedures arising from a financial and/or other audit
6
Budget Preparation and Controls
Verified
Key Learning Objectives:
- Know how to apply budgetary planning in the working environment
- Be able to implement budgetary control within the working environment
7
Business Management
Verified
Key Learning Objectives:
- Understand the nature of management and its role and contribution to business life
- Understand the nature of the environment in which businesses operate
- Be able to assess the significance of global factors and market dynamics that shape business activities
- Understand the role of planning, control and organisation within businesses.
- Understand the nature of leadership and related motivational theories and their application in transforming business situations.
- Understand the role and operation of the Human Resources function and of the challenges that arise within this function
- Understand basic Marketing concepts and the key elements of the services marketing mix
- Understand the importance of Information Technology / Information Systems security measures
- Know the benefits and challenges associated with using 'Cloud' technologies in a business environment
- Understand the importance of business ethics, corporate social responsibility (CSR) and corporate governance in the modern business environment
8
Essential Accounting Skills
Verified
Key Learning Objectives:
- Be able to perform bank and other key control account reconciliations within the working environment
- Be able to apply accounting concepts and principles within the working environment
- Be able to perform double entry transactions within the working environment
9
Essential Taxation Skills
Verified
Key Learning Objectives:
- Be able to identify the appropriate taxation system applicable to the business entity or individual within the working environment
- Know how to keep accurate records to facilitate the completion of tax returns within the working environment
10
Financial Accounting
Verified
Key Learning Objectives:
- Understand the importance of accounting information and the role of an accountancy professional within a business.
- Understand fundamental accounting principles, conventions and concepts
- Be able to apply the principles of double entry book-keeping and accounting systems.
- Be able to prepare financial statements. to include the financial statements
- Of a Sole trader and/or
- complete information and/or
- Of a not for profit organisation.
11
Integrated Accounting Systems _IAS_
Verified
Key Learning Objectives:
- Understand manual payroll and know how to set up and/or amend company and employee details in a Computerised Payroll System
- Be able to prepare forecasts of income and expenditure and/or budget proposals and demonstrate an understanding of budget planning and control
- Be able to critically analyse and evaluate the information generated in Excel and produce meaningful reports
- Know how to analyse and/or identify information received from Inland Revenue or other regulatory authorities, employees or employers
- Understand and demonstrate the skills and know-how to accurately calculate take home pay, PAYE/NIC on an emergency or Week 1 or cumulative basis
- Understand double entry book-keeping and apply this understanding in the set up of an Integrated Accounting System
- Be able to demonstrate an understanding of double entry bookkeeping and apply this understanding in the operation of an Integrated Accounting System
- Be able to generate accurate and relevant reports in a timely manner
- interpret and be able to make changes to and operate and diagnose an Integrated Accounting System
- Be able to make effective use of diagnostic and creative skills by exporting relevant reports or data from an Integrated Accounting System to a spreadsheet
- Be able to calculate
- interpret and analyse variances
12
Law and Ethics
Verified
Key Learning Objectives:
- Understand the structure and sources of the Northern Ireland legal system
- Understand the various methods that lead to a company ceasing business
- Understand the main corporate law offences and/or the role of corporate governance
- Understand the legal obligations imposed upon persons dealing with financial information
- Understand Data Protection Legislation and the requirements for storing and processing personal data, as well as the role of the Information Commissioner
- Understand the law on the formation and discharge of a contract.
- Understand the key principles of employment law and the legislation governing dismissal and/or redundancy
- Understand the key principles of the law of agency and the legislation governing the creation and/or termination of an agency relationship.
- Know the key provisions of the relevant consumer protection law and understand its impact on consumer protection.
- Understand the key principles of the tort of negligence.
- Understand the principles of the law of partnership and the nature and formation of a company
- Understand the principles in relation to share and loan capital
- Understand the rights and responsibilities of how a company is managed
13
Law in Business
Verified
Key Learning Objectives:
- Be able to apply the requirements of employment law in the working environment
- Be able to apply the requirements of contract law
- Understand the requirements of company law
14
Maintaining Accounting Systems
Verified
Key Learning Objectives:
- Be able to operate and maintain a computerised accounting system within the working environment
15
Maintaining Statutory Compliance
Verified
Key Learning Objectives:
- Be able to apply statutory accounting requirements to workplace practices
- Be able to apply health and safety requirements to workplace practices
- Be able to apply data protection legislation to workplace practices
- Understand and comply with Accounting Technicians Ireland Code of Ethics within the working environment
16
Management Accounting
Verified
Key Learning Objectives:
- Understand the nature, role and purpose of management accounting in organisations
- Be able to apply the apply variance analysis techniques
- Be able to apply marginal costing techniques
- Be able to prepare information for management decision making
- Understand business and organisational planning, control and decision making processes
- Be able to apply costing techniques and systems in a range of business scenarios
- Be able to apply costing principles for materials
- Be able to apply costing principles for labour
- Be able to apply costing principles for overheads
- Be able to apply activity based costing techniques
- Be able to apply the principles of budgeting and prepare budgetary forecasts
- Be able to apply the principles of standard costing
17
Management and Cost Accounting
Verified
Key Learning Objectives:
- Know how to apply costing techniques within the working environment
- Be able to record information for costing systems within the working environment
- Be able to generate appropriate product and service costs within the working environment
- Be able to assist with decision making processes within the working environment
18
Payroll Skills
Verified
Key Learning Objectives:
- Be able to use a payroll system effectively within the working environment
- Be able to apply employment law from a payroll perspective
- Be able to accurately calculate pay within the working environment
- Be able to produce payroll reports within the working environment
- Be able to demonstrate an awareness of employer duties within the working environment
19
Personal Development for Accounting Technicians
Verified
Key Learning Objectives:
- Be able to monitor and evaluate own performance and learning within the workplace
- Be able to develop own learning and performance to ensure work based skills and knowledge are up to date
20
Taxation
Verified
Key Learning Objectives:
- Be able to comply with HMRC codes of practice with respect to the assessment and collection of income tax and VAT.
- Know how the UK system for the administration for income tax and VAT operates for individuals and business.
- Be able to calculate taxable income arising from employment.
- Be able to apply income tax as it applies to both employed and self-employed individuals and the ability to prepare non-complex income tax computations
- Be able to calculate taxable income arising from self-employment
- Be able to apply the principles of the taxation of property income.
- Be able to calculate the scope and application of PAYE
- Be able to accurately calculate National Insurance Contributions.
- Be able to apply VAT.
21
Using Information Technology
Verified
Key Learning Objectives:
- Be able to operate a word processing package competently within the working environment
- Be able to use a spreadsheet package competently within the working environment
- Be able to use online systems effectively within the working environment
Regulatory & Verification Details
- Qualification Number (QN)
- 600/0107/0
- Regulated Status
- Available to learners
- Awarding Body
- Accounting Technicians Ireland
- Qualification Type
- Occupational Qualification
- Operational Start
- Sept 2011