Professional Courses
Fee Information

Fees indicated are based on the current year (August 2016 to July 2017) and are subject to change next year.

Our further education courses (Entry to Level 3) are usually free if you are 16-18 years old. Depending on your circumstances, you may be eligible for financial support to help with other costs associated with your course such as course materials and travel.

If you are aged 19 or over you may be required to pay fees.

If you are enrolling onto a Level 3 or 4 course and are over 19 years of age the fees may be higher and you will be required to take out an Advanced Learning Loan, please see the guide to fees for more information.

International students will be required to pay the full International course fee.

For more information, see our guide to fees.


Financial Statements of Limited Companies

This mandatory unit is concerned with the drafting, analysis and interpretation of financial statements of limited companies. This builds on the Foundation and Advanced levels, where the emphasis of the financial accounting units is on identifying and recording transactions in accounts and ledgers following the principles of double-entry bookkeeping, and drafting the financial statements of unincorporated organisations from the accounts and records prepared.

The unit provides students with the skills and knowledge for drafting the financial statements of single limited companies and consolidated financial statements for groups of companies. It ensures that students will have a proficient level of knowledge and understanding of international accounting standards, which they will be able to apply when drafting the financial statements, and will have a sound appreciation of the regulatory and conceptual frameworks that underpin the preparation of limited company financial statements.

Finally, the unit will equip students with the tools and techniques that will enable them to analyse and interpret financial statements effectively.

Learning outcomes

  1. Demonstrate an understanding of the reporting frameworks and ethical principles that underpin financial reporting
  2. Demonstrate an understanding of the key features of a published set of financial statements
  3. Draft statutory financial statements for a limited company
  4. Draft consolidated financial statements
  5. Interpret financial statements using ratio analysis
Entry Requirements

To start this programme, you will need to have completed the following qualification: AAT Advanced Diploma in Accounting

This course may also be appropriate for those are already working in finance who would like to continue to build their accounting skills and would like a formal recognition of their skills

Assessment Method

Students must successfully complete three mandatory unit assessments (Budgeting, Decision and Control and Financial Statements of Limited Companies) and one end of unit assessment where all four mandatory units will be assessed. In addition, students complete unit assessments for two optional units.

Learners are entitled to 1 free re-sit for the whole level and will have to pay for all re-sits after that. Re-sits are £50 for each re-sit (this is to cover the AAT exam fee and our administration costs).

Study Methods

You will learn in dedicated classrooms and study on a part time basis being taught by a highly experienced lecturers. The Professional Diploma modules start in September, January/February each year.

Enrolment

We look forward to welcoming you to Ealing, Hammersmith and West London's College. We are enrolling now. Come along to the College to enrol directly. See our enrolment dates and times. www.wlc.ac.uk/enrol