GLHUnit Title Level Credit Mandatory Units Creditsd 6 Diploma in Accounting and...BAA Level 6...

BAA Level 6 Diploma in Accounting and Financial Management QN:- 603/0411/X

Unit Title Level Credit Creditsd

t

GLH Mandatory Units

Advanced Financial Management 6 15 60

Foundations of Accounting and Finance 6 10 40

Principles of Accounting and Finance Professional 6 10 40

Financial Reporting and Practice 6 20 80

Auditing and Internal Controls 6 20 80

Managerial Accounting and Finance 6 10 40

Advanced Performance Management 6 15 60

Corporate and Business Law 6 15 60

Taxation and tax planning 6 20 80

BAA Level 6 Diploma in Accounting and Financial Management


Qualification name Level 6 Diploma in Accounting and Financial Management

Minimum age 19+

Who is it for? The qualification is suitable for learners in work or wishing to enter

work in the accounting and finance sector.

Entry Requirements

Learners should:

have an honors degree, preferably in a Business related subject,

from a recognised UK Higher Education institution or professional

qualification or equivalent from a recognised overseas institution.

be fluent in written and spoken English. Evidence needs to be

provided where learners have studied in a University where English

is not the official language. Acceptable evidence includes: GCSE /O

level English, IELTS 6.5, TOEFL 550 or an equivalent qualification.

Learners who do not hold a first degree may be accepted if they

have:

completed Year 1 and Year 2 of a UK honors degree, or

have a minimum of two years’ work experience in a role

with management responsibility.


Unit Format Each unit in BAA’s suite of level 6 courses is presented in a standard format. This format provides guidance on the requirements of the unit for learners, tutors, assessors and external verifiers.

Each unit has the following sections: Unit Title The unit title reflects the content of the unit. The title of each unit completed will appear on a learner's statement of results.

Unit Aims The unit aims section summaries the content of the unit. All units and courses have a level assigned to them which represents the level of achievement. The level of each unit is informed by the level descriptors.

Credit Value The credit value is the number of credits that may be awarded to a learner for the successful achievement of the learning outcomes of a unit.

Guided Learning Hours (GLH) Guided learning hours are an indicative guide to the amount of input that a tutor will provide to a learner, to enable them to complete the unit. This includes lectures, tutorials and workshops and time spent by staff assessing learners' achievement when they are present.

Learning Outcomes The learning outcomes set out what a learner is expected to know, understand or be able to do as the result of the learning process.

Assessment Criteria The assessment criteria describe the requirements a learner is expected to meet in order to demonstrate that the learning outcome has been achieved. Command verbs reflect the level of the course.


ADVANCED FINANCIAL MANAGEMENT

Unit Title Advanced Financial Management

Guided Learning Hours: 60

Levels: 15

Credits: 60 Unit grading system: Pass

To understand the purpose and role of Financial Management

Learning Outcomes

The learner will:

Assessment Criteria

1. Understand purpose and

role of financial

management

1.1 Assess the financial management function and environment 1.2 Evaluate the role of stakeholders and their interests and impact on corporate

objectives 1.3 Critically discuss different financial objectives and the relationship with

overall corporate strategy 1.4 Explain the role of financial markets and financial institutions

2. Understand and use

effective working capital

management techniques

2.1 Discuss the nature, elements and importance of working capital

2.2 Assess working capital needs and funding strategies of different organisations

2.3 Apply working capital management techniques

2.4 Critically discuss the management of inventories, cash, accounting receivable and payable in different organisations

3. Be able to perform

investment appraisals

3.1 Evaluate different investment appraisal techniques

3.2 Discuss the different adjustments needed for risk, uncertainty, taxation and inflation in investment appraisals

3.3 Perform advanced calculations for investment appraisals

3.4 Assess specific investment decisions (lease or buy and asset replacement)

4. Understand the process of identification, comparison and evaluation of alternative sources of business finance

4.1 Critically discuss sources and raising of business finance

4.2 Perform advanced calculations for cost of capital and debt estimation

4.3 Evaluate different sources of finance and any cost of each source

4.4 Discuss different capital structures and related optimisation techniques

4.5 Analyse different sources of finance for Small and Medium-size Entities (SMEs)

Unit purpose and aim(s):


5. Be able to conduct business valuations

5.1 Discuss the nature and purpose of business valuations and different methods of evaluating financial assets

5.2 Evaluate different business valuation techniques and models

5.3 Perform advanced calculations for the valuation of debt and other instruments

5.4 Critically discuss Efficient Market Hypotheses and any implications in business valuations

6. Understand risk management techniques in business

6.1 Analyse the nature and types of risk

6.2 Discuss and apply risk management approaches

6.3 Critically discuss the causes and implications of foreign currency risk and interest rate risk

6.4 Assess hedging techniques for foreign currency risk and interest rate risk.


Foundation of Accounting and Finance

Unit Title: Foundation of Accounting and Finance


Level: 6


Aim of this unit is to understand the role and context of financial accounting

Learning Outcome

The learner can:

Assessment Criteria

1. Understand the role and

context of financial

accounting

1.1 Discuss the role and nature of financial accounting information within the internal and external environment of an organisation

1.2 Assess the different priorities and concerns of stakeholders who have an interest in financial accounting information

1.3 Explain the role of financial and management accountants in a variety of business organisations

1.4 Discuss the role and nature of corporate governance, statutory and internal audit

1.5 Critically evaluate accounting concepts and legal requirements underpinning the preparation of financial statements

2. Be able to record

accounting

transactions and

prepare a trial balance

2.1 Use double-entry accounting techniques to maintain accounting records, including the use of bank reconciliations, journal entries, purchase and sales ledger, control accounts

2.2 Record the following transactions in the accounting system of the organisation:

Sales and purchases

Cash and inventory

Tangible assets and depreciation

Intangible assets and amortisation

Provisions

2.3 Prepare a trial balance of an organisation including any correction of errors, control accounts and bank reconciliations



3. Be able to prepare

financial statements

3.1 Assess the key features of financial statements

3.2 Prepare and present the following financial statements from complete and incomplete accounting data:

Statement of Financial Position

Statement of Profit and Loss

Statement of Cash flow

including their corresponding notes.

3.3 Prepare consolidated financial statements of both subsidiaries and associates

3.4 Explain the interrelationships between the key features of financial statements

3.5 Report events after the accounting period

4. Be able to interpret the

financial performance

of organisations

4.1 Calculate and analyse key accounting rations and evaluate their limitations

4.2 Discuss the importance and purpose financial statement analysis

4.3 Evaluate business performance using financial statements and ratios and trend analysis


Unit Title: Principles of Accounting and Finance Professional


Levels: 6


This unit is designed to underlying concepts of how businesses are organized, functioned and governed.

The learner will: Understand about International Healthcare Policy.

Learning Outcomes Assessment Criteria

1. Understand the underlying

concepts that determine

how businesses are

organised, functioning and

governed

1.1 Assess the purpose and types of business organisations and main stakeholders and their needs

1.2 Evaluate the external factors affecting business which include Political, Economic, Legal, Social, Technological and Environmental

1.3 Critically discuss different organisational structures and designs 1.4 Discuss the organisational culture in business, committees in business

organisation 1.5 Assess corporate governance and corporate social responsibility of an

organisation 2. Demonstrate knowledge of

managerial aspects in an

organisation

2.1 Discuss different managerial styles, behaviors and leadership styles 2.2 Critically discuss the team building process and individual and group

motivation techniques 2.3 Evaluate different human resources processes, including recruitment and

selection and employee appraisal 2.4 Analyse personal effectiveness techniques 2.5 Prepare personal career and development plans

3. Understand importance of

financing and regulatory

issues

3.1 Discuss a framework for financial decision making 3.2 Analyse international aspects of business finance 3.3 Critically discuss corporate restructuring (including takeovers and

divestments) 3.4 Evaluate the regulation of financial services industry and the protection

available to customers

4. Understand the different

sources of financing

available for individuals and

businesses

4.1 Discuss the cost and suitability of different sources of finance for individuals 4.2 Evaluate the cost and suitability of short term and long term finance sources

for businesses 4.3 Evaluate the roles of financial services providers and the stock exchange 4.4 Prepare cost of capital calculations and the discount rate


Principles of Accounting and Finance Professional


Financial Reporting and Practice

Unit Title: Financial Reporting and Practice


Levels: 6


This unit is designed to enable learners to understand the regulatory framework for financial reporting

Learning Outcomes

The learner can:

Assessment Criteria

1 Understand the regulatory

framework for financial

reporting

1.1 Discuss the framework of accounting and standard setting process 1.2 Evaluate contemporary issues in financial reporting 1.3 Critically discuss the need and application of a conceptual framework in

financial reporting 1.4 Assess current regulatory framework of financial reporting 1.5 Discuss the concepts and principles of group accounting and consolidated

financial statements 1.6 Critically discuss fundamental accounting concepts and principles:

recognition and measurement and the concept of ‘faithful representation’ (‘true and fair view’)

2 Be able to prepare

financial statements and

present single entity and

consolidated financial

statements in conformity

with IFRSs from complete

or incomplete records

2.1 Prepare single entity financial statements in conformity with IFRSs including:

statements of financial position comprehensive income changes in equity cash flows and extracts from accounting policies and notes

2.2 Prepare consolidated financial statements in conformity with IFRSs

including: Statement of financial position Comprehensive income Cash flows and Extracts from accounting policies and notes

3 Be able to analyse and

interpret financial

statements

3.1 Perform financial ratios calculations and analyse the financial performance of the firm for different stakeholders

3.2 Critically discuss trends in financial performance 3.3 Assess the limitations of financial statements 3.4 Evaluate the financial performance of specialised, non-profit and public

sector entities



4 Specialised accounting for

transactions in Financial

Statements

4.1 Perform calculations and discuss accounting treatment for: Intangible assets; Tangible non-current assets; Impairment of assets; Inventory and biological assets; Financial Instruments; Leasing; Taxation; Revenue; Financial performance reporting; and Foreign currency transactions

5 Understand the role of

directors, company

secretaries and the

auditors in financial

reporting and the

management of

companies

5.1 Critically evaluate the role of directors, company secretaries and the auditors in financial reporting and the management of companies


Auditing and Internal Controls

Unit Title: Auditing and Internal Controls


Level: 6

Number of Credits: 20 Unit grading system: Pass

Learners will understand how audit and related regulatory framework woks within an organisation

Learning Outcomes

The learner can:

Assessment Criteria

1 Understand audit and

related regulatory

framework

1.1 Discuss audit, accountability and levels of assurance engagement 1.2 Assess external audits and corporate governance 1.3 Analyse the scope and purpose of different types of audit 1.4 Assess internal audit and governance and discuss the differences between

external and internal audit 1.5 Critically discuss the conceptual framework including independence,

evidence and ethics 1.6 Evaluate the regulatory framework of auditing including:

The Auditing Practices Board, international standards and guidelines The requirements of the Companies Act Legal liability of auditors The prevention and detection of fraud

2 Be able to perform audit

planning and risk assessment

2.1 Discuss the planning of audit work and documentation

2.2 Apply and critically evaluate appropriate audit principles and procedures to different organisational situations

2.3 Analyse the process of obtaining and accepting audit engagements

2.4 Evaluate and perform audit risk assessment

2.5 Perform analysis of the entity and its environment

2.6 Critically discuss fraud, laws and regulations

3 Understand audit procedures 3.1 Evaluate audit evidence required

3.2 Analyse audit procedures, sampling and testing techniques

3.3 Critically discuss different audit techniques with the use of software



4 Understand internal control

systems

4.1 Discuss internal control of audit work and compliance testing

4.2 Assess principles and practice relating to internal control, internal audit and internal review

4.3 Perform evaluation of internal control systems as they are performed by auditors

4.4 Evaluate audit tests of control and substantive testing

4.5 Discuss principles for communication on internal controls

5 Understand reporting for audit

purposes

5.1 Evaluate principles related to the formation of audit judgement and the presentation of an audit report

5.2 Discuss subsequent events, going concern and written representations


Managerial Accounting and Finance

Unit Title: Managerial Accounting and Finance


Levels: 6


To develop the knowledge and skills to understand the extract and analyse financial data and management information.

Learning Outcomes

The learner can:

Assessment Criteria

1. Be able to extract and

analyse financial data and

management information

1.1 Discuss the role of accountancy and the information needs of managers 1.2 Prepare and present management information for both short term and

long term decision making 1.3 Classify costs and explain their behavior

2. Understand the use of cost

accounting techniques

2.1 Discuss elements of costs and perform calculations of direct materials, direct labour costs

2.2 Evaluate and use different cost accounting methods, including absorption, marginal costing and activity-based costing

2.3 Assess the factors that influence the pricing decision and cost plus pricing, break-even pricing and profit oriented pricing

2.4 Critically discuss alternative cost accounting principles 2.5 Critically examine and prepare standard costing system and perform

variance calculations and analysis

3. Understand the use of

financial information

systems for planning and

controlling purposes

3.1 Develop plans and budgets and discuss the influence of target setting for managers

3.2 Prepare and use statistical techniques for budgeting purposes 3.3 Prepare budgetary controls flexible budgets 3.4 Discuss budgetary behavior, control and reporting

4. Understand use of

investment appraisal

techniques for capital

budgeting

4.1 Discuss long-term/ short-term financing methods and financing working capital

4.2 Evaluate projected financial returns using investment appraisal techniques

4.3 Assess working capital management needs

5. Be able to explore the use

of performance

measurement systems in

organisations

5.1 Discuss the use of key performance indicators and the role of performance measurement in organisations

5.2 Evaluate and use scorecard type systems, including the Balanced Scorecard

5.3 Monitoring and reporting financial performance to the management of an organisation



Managerial Accounting and Finance

Unit Title: Advanced Performance Management


Levels: 6


To develop the knowledge and understand the specialist cost and management accounting techniques

Learning Outcomes

The learner can:

Assessment Criteria

1. Understand specialist

cost and management

accounting techniques

1.1 Evaluate Activity Based Costing and the cost drivers involved 1.2 Discuss target and life-cycle costing 1.3 Critically discuss contemporary issues in management accounting

techniques including environmental accounting

2. Understand decision-

making process and

techniques

2.1 Discuss the concept of relevant costing 2.2 Assess different pricing strategies and decisions 2.3 Recommend research techniques to reduce uncertainty in decision-making 2.4 Perform Break Even analysis and identify limiting factors

3. Understand budgetary

systems

3.1 Discuss budgetary control systems and assess different types of budgets 3.2 Perform quantitative analysis for budgetary purposes of an organisation 3.3 Select and analyse appropriate budgetary systems for an organisation and

discuss standard costing

4. Be able to prepare

forecasts and budgets for

a business

4.1 Discuss and use standard costs 4.2 Assess the performance of an organisation with the use of performance

analysis 4.3 Discuss the scope of performance measurement 4.4 Discuss material and sales mix and perform appropriate variance analysis

5. Understand performance

measurement,

monitoring and control

5.1 Assess different performance management information systems 5.2 Evaluate different sources of information and prepare appropriate

management reports 5.3 Discuss external considerations and behavior aspects of performance

measurement 5.4 Perform divisional performance analysis and transfer pricing



Corporate and Business Law

Unit Title: Corporate and Business Law


Levels: 6


To develop the knowledge and understand the legal system and concepts of law

Learning Outcomes

The learner can:

Assessment Criteria

1. Understand the Legal

System

1.1 Discuss the Legal system including courts, tribunals and procedures to resolve disputes

1.2 the main divisions 1.3 Discuss Sources of Law, including the European Union 1.4 Evaluate the role of the legal profession in the Legal System 1.5 Assess the differences between criminal and civil law, and the ways of

enforcing Court judgements

2. Understand fundamental

concepts of contract and

tort law

2.1 Discuss contract law including: formation, terms including exclusion of liability, defects, breach of contract, remedies, and termination

2.2 Discuss employment contracts, employee dismissal and redundancy 2.3 Discuss specific areas of tort law affecting business including:

the meaning of a tort, aspects of the law of negligence, vicarious liability, contribution and indemnity

2.4 Evaluate fraudulent behavior in corporate management and legal liabilities caused by illegal activities

2.5 Discuss professional ethics in accounting and business, including ethical codes and dilemmas



3. Understand the legal

rules and regulations

relevant to business

organisations

3.1 Discuss the legal personality, formation and constitution of a corporation 3.2 Discuss the concept of limited liability and corporate personality 3.3 Assess the law of agency in an organisational context, including duties of

partners and directors and authority of the agent 3.4 Critically discuss different types of companies, including partnerships 3.5 Analyse the procedures for registering a company and thereafter

regulation of companies 3.6 Analyse the documents required for the constitution of a company

(articles and memorandum of association)

4. Understand internal

company regulation and

insolvency law

4.1 Discuss the relationship between members and managers, including the role and duties of directors, secretary and auditors

4.2 Discuss the purpose of a company meeting and resolutions 4.3 Discuss the role of the bankruptcy administrator and functions of the

Administrator, debtor’s assets, creditor’s rights, Bankruptcy liquidation.es mix and perform appropriate variance analysis

5. Understand Securities

Law

5.1 Discuss and compare the characteristics of share capital and loan capital, listing and trading of securities

5.2 Critically evaluate capital maintenance and dividend law 5.3 Discuss dividend distribution rules 5.4 Evaluate the takeover of a listed company and legal liabilities caused by

illegal activities


Taxation and tax planning

Unit Title: Taxation and tax planning


Levels: 6


To develop the knowledge and understand the legal system and concepts of law

Learning Outcomes

The learner can:

Assessment Criteria

1. Understand the tax system and related procedures

1.1 Analyse the function and purpose of a tax system 1.2 Evaluate the system of self-assessment and the making of returns 1.3 Critically discuss tax procedural issues which include: the time limits for

information submission, claims on payments, compliance checks and disputes

1.4 Discuss penalties for non-compliance with tax system

2. Understand income tax 2.1 Discuss the scope of income tax 2.2 Evaluate income from employment, self-employment, property and

investment income 2.3 Discuss Gains and losses on the disposal of movable and immovable

property, shares and securities

3. Understand the taxation of individuals, businesses and corporate entities

3.1 Discuss the major taxes levied on individuals and the scope of the taxation of capital gains

3.2 Discuss the major taxes levied businesses and corporate entities in the UK and the scope of corporation tax

3.3 Evaluate the tax effect of different corporate structures 3.4 Critically discuss the impact of government policy on taxation

4. Be able to prepare computations for: income tax, corporation tax and capital gains tax

4.1 Perform computations for taxable income and income tax liability for individuals

4.2 Perform computations for national insurance contributions for both employed and self-employed individuals

4.3 Perform comprehensive computations for corporation tax 4.4 Prepare computations for capital gains tax



5. Understand the requirements of Value added tax (VAT)

5.1 Analyse the VAT registration requirements 5.2 Critically assess the implications of VAT for businesses 5.3 Perform computations of VAT liabilities 5.4 Assess the effect of special schemes

6. Understand how to minimise

the impact of tax for individuals and businesses

6.1 Assess strategies to minimise the impact of tax for individuals, exemptions and reliefs in deferring tax liabilities arising from the disposal of capital gains assets

6.2 Assess strategies to minimise the impact of tax for businesses

7. Be able to discuss inheritance tax

7.1 Discuss the transfers of value and liabilities arising from chargeable lifetime transfers and death of an individual

7.2 Analyse payment of inheritance tax and exemptions in deferring and minimising inheritance tax

GLHUnit Title Level Credit Mandatory Units Creditsd 6 Diploma in Accounting and...BAA Level 6...

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Transcript of GLHUnit Title Level Credit Mandatory Units Creditsd 6 Diploma in Accounting and...BAA Level 6...