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My Distance Learning College


Accounting is designed to help those with an interest in a business, or other organization, to assess its financial position and performance. It aims to communicate relevant economic information to interested parties and, as a result, improve the quality of decisions that are made.

Unless accounting achieves this purpose, it would really be a waste of effort to provide the information. In this course we consider the major financial statements that are produced by businesses on a regular basis to help in the decision making process. These financial statements are designed to provide an overview of the business's financial health and are widely used by managers, owners, suppliers, customers and others.

We consider the main principles underpinning these statements as well as their strengths and weaknesses. In addition. We consider how these statements can be analyzed in order to come to some conclusions about the financial health of a business.

This course requires no previous knowledge of accounting or finance, and will cover a variety of topics, including:

  • Introduction to accounting
  • The balance sheet
  • The profit and loss account
  • The measure of profit - further issues
  • An introduction to the accounts of limited companies
  • The regulatory framework
  • The accounts of groups and companies
  • The cash flow statement
  • The use of financial statements for planning and decision-making
  • The analysis of financial statements 1
  • The analysis of financial statements 2
  • The accounting framework and value measurement


On completion of your course, you will receive two qualifications:

1: Accounting Diploma

Accounting Diploma issued by My Distance Learning College, entitling you to use the letters SAC Dip after your name.

2: NCFE Level 3 Accounting Award

This Course leads to an NCFE Level 3 Award Certificate for successful learners. That means that it is independently accredited at a level of learning equivalent to level 3 on the National Qualifications Framework (NQF) for England, Wales and Northern Ireland (in which case GCSE's are at levels 1 and 2 and A Levels are at level 3). In accrediting the program at level 3, NCFE attests that its learning outcomes are at an equivalent level to a level 3 national qualification.

This award has been designed by My Distance Learning College to meet specific learners' or employers' requirements. Accreditation by NCFE is a guarantee of quality. It means that this learning program has been scrutinized and approved by an independent panel of experienced educational professionals and is quality audited biannually by NCFE.


After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.

course quick facts
course code DED9004
cost $515.00
estimated time to
complete course
24 Hours
course materials
365 Days