Course Description

Diploma In Basic Financial Reporting And Tax Revenue At QLS Level 4

Study 365


Financial reporting is a process that keeps track of the financial transaction of an organisation, whereas taxation is an amount charged by the government on a taxpayer. Both of these concepts are related, and understanding the basics of both the concepts can take you to great heights in your financial career.

This Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 has gone beyond expectation to expand your knowledge on financial accounting and taxation.  This course, with its well narrated modules, will explore the regulation of financial and accounting reporting to help you adhere to them as required. A few modules will guide you on how to produce accurate trial balance and other financial statements, all the while familiarising you with the accounting standards that define the basis of financial accounting policies and procedures.

The learning materials have done justice to the course title by delving into topics such as tax, international tax and tax in the financial statements. Furthermore, this course is also focused on discussing the lasb accounting framework and the ethics in financial reporting to bring you out as a highly sought after financial accounting professional within the industry.

The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a qualification but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Quality Licence Scheme, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current qualifications. Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

*Study365 is an approved reselling partner for Quality Licence Scheme courses under Global Edulink

Please Note: This Course is Based on USA Standards

Course Curriculum

1: Understanding The Accounting And Financial Reporting Regulations

2: Understanding The IASB Framework

3: What Is Financial Statement

4: Introduction To The IAS 2 Inventories And None Current Assets

5: IAS 38 Intangible Assets

6: Creating Producing Financial Statements

7: The Cash Flows Statement

8: Introduction To Group Accounts

9: Basic Principals Of The Statement Of Financial Position

10: What Is Income Statement

11: Definition Of Associate

12: Understanding The Accounting Standards

13: IAS19 Employee Benefits

14: Introduction To Tax

15: Identify The Tax Types

16: Introduction To The International And Financial Statement Taxation

17: Who Is An External Auditor

18: Understanding The Corporate Governance

19: Introduction To Ethics And Financial Reporting

20: Working Capital Management

21: How To Manage Receivables And Payables

22: Efficient Manage Of Inventories And Cash

23: Introduction To The Short Term Finance And Investment

What will I Learn?

  • Understand the regulation of financial and accounting reporting
  • Explore the lasb accounting framework
  • Discover how to produce accurate trial balance and other financial statements
  • Familiarize with the accounting standards that define the basic of financial accounting policies and procedures
  • Learn about tax, international tax and tax in the financial statements
  • Discover the ethics in financial reporting

Who is It For?

This course might suit anyone aspiring to get into or progress within the finance or accounting industry

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 04 installments when you are submitting your assessments.


Those who successfully complete the course will be issued the Diploma in Basic Financial Reporting and Tax Revenue at QLS Level 4 by the Quality Licence Scheme.

Course Code: QLS-05018

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Other Benefits

  • Written and designed by the industry’s finest expert instructors with over 15 years of experience
  • Repeat and rewind all your lectures and enjoy a personalised learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)

College Name Study 365
Course Category Business, Finance
Course Type Online Learning
Course Qualification Diploma
Course Location Athlone, Westmeath, Ireland
Course Fee 59
Course Duration 180 Hours
Course Times 365 Days
Entry Requirements Learners must be age 19 or over and should have a basic understanding of the English Language, numeracy, literacy, and ICT. A qualification at level 3 or above in any discipline.
Career Path • Accountant – £28,565 per annum • Tax Accountant – £29,001 per annum • Accounts Assistant – £18,883 per annum • Accounts Executive – £22,243 per annum • Staff Accountant – £24,115 per annum • Accounting Assistant – £20,352 per annum • Accounting Clerk – £17,609 per annum • Accounts Payable Clerk – £19,801 per annum
For information about Study 365, please visit our college page on by clicking here.

Course Provider

Study 365

New Broad Street House, 35 New Broad Street, London. EC2M 1NH, United Kingdom, Cavan, United Kingdom

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Study 365
New Broad Street House, 35 New Broad Street, London. EC2M 1NH, United Kingdom
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