The distance learning Issues in Measuring Profit and Financial Position (Byte Size) course is the perfect home study course to ensure that you succeed in this exciting field. Our uniquely flexible Issues in Measuring Profit and Financial Position (Byte Size) home learning course has no time limits. You can start your home learning course whenever you like and there are no deadlines to meet, so you can adapt your distance education course to meet your needs, all from the comfort of your own home.
Once you have registered on the distance education Issues in Measuring Profit and Financial Position (Byte Size) course you will be assigned a personal tutor who specialises in their field of study. Your dedicated personal tutor is always on hand to answer any query you may have, no matter how big or small, and you will also have access to a dedicated course advisor who offers guidance and advice.
Issues in Measuring Profit and Financial Position (Byte Size) Course
A Distance Learning Course of
1
Lesson
Course Description
The measurement of profit and financial position is not as precise and objective as you may, at first, imagine. In order to prepare the profit and loss account and balance sheet, we have to employ estimates and assumptions. As a result, the portrayal of the financial health of a business can vary according to the particular estimates and assumptions that we make. There are three measurement areas that are critical to the measurement of profit and financial position: depreciation, stock valuation and the problem of bad and doubtful debts. In this course we examine each of these areas in turn.
By the end of this course, you should be able to:
explain the concept of depreciation
explain the main methods of depreciation and make appropriate calculations
explain the various approaches to stock valuation and make appropriate calculations
illustrate how different stock valuation methods impact on the calculation of profit
explain how a business should account for bad and doubtful debts
adjust the financial statements to reflect bad debts and changes in the provision for doubtful debts
discuss the role of subjectivity in the measurement of profit and financial position
Course Syllabus
Introduction
Objectives
Section 1: Depreciation
1.1 General Principles
1.2 Calculating Depreciation
1.3 Methods of Depreciation
1.4 Accounting Entries
1.5 A Further Refinement
Section 2: Stock Valuation
2.1 The Stock Valuation Problem
2.2 Stock-Valuation Methods
2.3 The 'Lower of Cost or Net Realisable Value' Rule
Section 3: Credit Sales and the Problem of Bad and Doubtful Debts
3.1 Credit Sales and the Problem of Bad and Doubtful Debts
3.2 Dealing with Doubtful Debts
3.3 An Alternative Approach
Summary
Review Activity
Recommended Reading
Tutor-marked Question Paper
Qualifications
Qualification 1: Issues in Measuring Profit and Financial Position (Byte Size) Certificate
Issues in Measuring Profit and Financial Position (Byte Size) Certificate issued by Stonebridge Associated Colleges, entitling you to use the letters SAC Cert after your name.
Study Options
In order to offer our students the most convenient and flexible distance learning courses, Stonebridge Associated College offers you the option to study for your course via two methods:
1. Via the traditional paper-based method.
2. Through the online method via ElearnUK.
When you study through ElearnUK you can quickly access your course material online and submit all of your question papers to your tutor online, using your unique student account. You have access to all of your course material immediately, and when you submit question papers, your tutor sends you an email containing your results and feedback.
Fees
Cash Price
Deposit
Installments
No of Payments
£60.00
£0.00
£0.00
0
The total amount payable over the term's period, is
no more than the total cash price of the course. (APR
= 0%). Written quotations are available on request.
Tutor Support
With this course you will have unlimited access to your own personal tutor who specialises in their field of study. It is your personal tutor's role to ensure that you receive constructive feedback and to deal with any queries you may have. You are more than welcome to telephone, fax or email your personal tutor.
You will also have access to a dedicated and friendly
team of administrators and course advisors who offer
sound and professional guidance and advice when you
need it. This ensures that you will never feel
neglected and that you will always succeed!
Requirements for Entry
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
Study Hours
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete
the course is: 20 hrs.
Additional Information
Assessment Method
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.
What's Included
All study materials
Study Guide
Full Tutor and Admin support
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