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Fundamentals of Accounting (L6, 30 ECTS)

Status: CLOSED




1 Year


Business & Financial Services

Start Date


Course Type

Flexible & Professional



The primary aim of the Certificate in Fundamental Accounting is to introduce bookkeeping and management accounting to those starting their own business or those working in a small or medium business.

What are the entry requirements?

ACADEMIC ENTRY REQUIREMENTS: QQI Level 5 award, Leaving Certificate or equivalent qualification.

Prospective particpants who do not meet the entry requirements outlined may still qualify for addmission by meeting certain other equivalent criteria, including relevant life and/or work experience.

ENGLISH LANGUAGE: Applicants who do not have English as their first language must ensure they satisfy English Language requirements. For entry to undergraduate courses, a minimum score of 5.5 in an IELTS exam is required. For postgraduate courses, a minimum of 6.0 is required. It is the responsibility of the applicant to ensure their English proficiency meets these requirements.

Who can I contact?

What modules will I study?

Semester 1

Fundamentals of Accounting

• Introduction to Accounting
• Accounting Procedures and Systems
• Preparation of Financial Statements
• Emerging Issues

Semester 2

Accounting for Management Control

• Introduction
• Cost and Revenue classification. Nature and purpose of classification
• Materials: Cost and Control
• Labour: Cost and Control
• Overheads: Costs and Control
• Product/Job, Batch, Process and Service Costing
• Marginal and Absorption Costing and CVPanalysis
• Budgetary Control and Reporting
• Standard Costing and Variance Analysis
• Emerging Issues

Are there opportunities for further study?

Those who complete the Certificate in Fundamental Accounting will be eligible to apply for an exemption from Professional Accountancy Examinations and may enter the Bachelor of Arts (Hons) in Accounting under LIT’s transfer progression policies.

Applicants may also be interested in:

Certificate in Personal and Transactional Taxation (Special Purpose Award Level 8, 30 Credits)

What are the career prospects?

  • Professional Accountancy
  • Teaching
  • Finance and Insurance
  • Management and Consultancy

More Information


This programme will be run on a part-time online basis over one academic year - September 2022 to June 2023.

Provisional details below:

Number of Semesters: 2

Number of Weeks: 12 per semester

Number of Days/Evenings per week: 1

Delivery Day/Evening: Evening

Number of Hours per day/Evening: 4.5 per week plus study time  

Times: Lectures/workshops will be recorded and available to watch on Mondays. Live tutorials will take place on Wednesday evenings at 7-8.30 pm (Semester 1)

Time Commitment

Each 5 credits will normally equate to approximately 100 Total Learning Hours. Total Learning Hours includes the time you spend in class (lectures, tutorials, practical elements) and the time you spend completing work outside of college. The balance between these two varies by discipline, and by level of study. You should bear in mind that the workload will increase at particular times e.g. when assignments are due.


Each module will be assessed by continuous assessment worth 20% throughout the semester and by a written exam, worth 80%, at the end of the relevant semester. Exams to take place in Moylish/Clonmel (TBC).


Students are required to purchase textbooks for their modules. The expected cost is approx. €70 for these materials. Details will be provided on course commencement.


Certificate in Fundamentals of Accounting (Special Purpose Award Level 6, 30 Credits)

Application Deadline: 12/08/2022

For queries relating to course content

Contact: Kathleen O'Shea


Course Fees 


Click here for all Flexible Learning Policies & Procedures

This programme was part-funded by County Tipperary Skillnet for January 2022 intake (funding TBC September 2022)

For part funding requests please contact:

County Tipperary Skillnet - Eva Hartigan at or 052 6191105