Financial Accounting - continues from level 2; more detailed knowledge of financial statements and adjustments to figures produced by the ledgers, focusing on sole traders and partnerships. Management Accounting - learn about management information and cost accounting, including direct and indirect costs, absorption and marginal costing, cost systems, cost book - keeping, short and long term decision making. Cash management - how business monitors its cashflow and methods for short - term and long - term financing. Indirect Tax - VAT - the basics and how to make a quarterly return. Spreadsheets - use Excel and learn/expand your existing knowledge of this essential accounting tool. Ethics - how the profession is governed and your role within it.

Students can proceed to the Level 4 Diploma in Accounting course.