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Certificate in Fundamentals of Accounting

Status: Open


Level

06

Duration

1 Year

Department

Business and Financial Services


Start Date

05/09/2020

Course Type

Flexible & Professional

Location

Blended

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. 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 policy.

What are the 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.

 

 

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)

More Information

Delivery

This programme is 1 academic year in duration. Delivery will be blended with one weekend workshop per semester, with 2 semesters per year, 16 weeks per semester. Workshops will be held in either Limerick or Clonmel depending on demand. The proposed commencement date is Saturday 5th September. Proposed Workshop dates for semester one are 3rd October, 24th October, 14th November and 5th December. Schedules for semester 2 are yet to be confirmed.

Assessment

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.

Qualification

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

Application Deadline

25th August 2020

For queries relating to course content

Contact: Kathleen O'Shea

Email: Kathleen.OShea@lit.ie

Course Fees 

€2,000