Entry requirements
Learners would normally be expected to be competent in numeracy at SCQF Level 5 or have similar qualifications or experience. A basic understanding of spreadsheet packages would also be useful but not essential.
Why take this course?
This unit is designed to introduce learners to the basic tools needed to maintain a range of financial records for a business.
Topics introduced in this unit will be expanded on in later units in the HN Business programme and will form a foundation for those progressing on to degree studies that include elements of accounting and finance. This is mandatory unit within HNC/HND Business and can be taken as a stand-alone Unit.
For more information please visit the SQA website.
What you will experience
The unit has four outcomes:
- Outcome 1 will introduce you to quoting for business in both a retail and manufacturing business environment. You will explore things such as volume discount, overhead absorption and profit margin in this outcome.
- Outcome 2 deals with the important concept of inventory control and valuation using different techniques.
- Outcome 3 introduces basic bookkeeping concepts and some of the related documentation to give you an insight into how businesses manage their cash as well as sales and purchases on credit.
- Outcome 4 brings all of this together in the form of financial statements for the business. You will be able to see whether the business has made a profit or loss and what the financial position of the business is.
Key Facts
Everything you need to know before applying for this course.
Pre-entry guidance
Pre-entry guidance is required prior to booking a place on this course. Please contact our Distance Learning Co-ordinators by email or call 01346 506014.
What you will get
SQA Unit J56F 34: Accounting for Business: An Introduction (SCQF Level 7).
This 2 credit HN unit is mandatory for completion of HNC Business (GT04 15).
Student Stories
Abby Grant
Business & Management
HND Accounting
“For anyone considering studying Accounting at NESCol, I would say it will definitely set you up and give you the right foundation for progressing on to a career in accountancy. I feel the skills I learned at college have been very beneficial in the work I am doing today. I use my knowledge gained at college of accounting principles and taxation every day.”
Read more about Abby's story
Ami Batchelor
Business & Management
HND Advertising & PR
“This course will benefit you in more ways than one and the lecturers are some of the best people you’ll get to meet.”
Read more about Ami's story
Lewis Gordon
Business & Management
Business & Administration Apprenticeship
“This vocational route has allowed me to get a good balance between work and my social life, and have healthy finances!”
Read more about Lewis's story
Nicole Faulkner
Business & Management
HND Legal Services
“College really helped me bridge the gap between being in relatively small classes at school and being in huge lectures at university.”
Read more about Nicole's story
Kieran & Mykaela Alexander
Business & Management
HND Legal Services
“The lecturers on the course were just brilliant and had so much valuable knowledge and experience to pass on.”
READ MORE ABOUT THEIR STORY
Lana Laing
Business & Management
Accounting
“The College’s links with Johnston Carmichael allowed me to see accounts in practice. When I got offered a job after college, I was delighted that changing my career path had worked out.”
Read more about Lana's story
Alex Grogan
Business & Management
Legal Services
“During my two years at NESCol studying Legal Service, I have learnt so much – every day I learned something new. I loved my lecturers and my classmates, and I gained confidence along the way. I ended up successfully passing my HND with As.”
Read more about Alex's story
Applications
Pre-entry guidance is required prior to booking a place on this course. Please contact our Distance Learning Co-ordinators by email or call 01346 506014.
Completed forms should be signed and returned to us at the following freepost address:
The Student Information & Admissions Manager
North East Scotland College
FREEPOST RTJJ-TXBA-AEZS
Aberdeen City Campus
Gallowgate
Aberdeen
Scotland
UK AB25 1BN
Online
-
Starts Flexible start date
-
Course Code YBUAB-O231A
-
Fees £260.00
Distance Learning Application Form
Distance Learning courses have flexible start dates and applications will be considered at all points of the year.
For non-Scottish residents – the College will confirm fees payable for your chosen course on booking and these may differ from the advertised fee.
If you take up a place on a College course, at the start of the course you will be asked to complete an enrolment form. In completing the form and/or taking up a place on a College course, you will enter into a contract with the College and be bound by the North East Scotland College Standard Terms and Conditions of Study. Copies of the Terms and Conditions are available for inspection on notice boards and at various locations throughout the College, at the College Reception, on the College website: nescol.ac.uk, or can be obtained on request from the Student Funding and Admissions Manager, North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen AB25 1BN. Please note that courses are offered subject to (a) there being sufficient numbers of enrolments and (b) the availability of resources. The College reserves its right (i) not to run courses where the number of students is considered insufficient or where resources are unavailable and (ii) in certain circumstances, to refuse admission to an individual applicant.
Similar courses for you
Here are some courses you may also be interested in.
