Level 4 Award
in Finance and Accounting
Level 4 Award could transfer 20 credits and 50% tuition fees to Level 4 Diploma programs of UKeU and/or Partner University.

Level 4 Award in Finance and Accounting
The aim of this award is to introduce learners to the role of finance and accounting and how the financial information generated by business activities can be used to plan, monitor and improve the performance of businesses operating in the logistics and supply chain environment.
Could transfer 20 credits and 50% tuition fee to the Level 4 Diploma in Logistics and Chain Supply Management of UKeU.
Learning Outcomes:
1. Understand the role of the finance and accounting function in a logistics business.
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1.1 Identify the reasons for maintaining accurate financial records in business.
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1.2 Explain the specialist finance and accounting roles in a business.
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1.3 Explain the purpose of the main financial statements.
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1.4 Discuss the contribution of the finance and accounting function to business decision-making in a logistics business.
Understand the sources of finance available to a logistics business.
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2.1 Understand the importance of business finance for a logistics business.
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2.2 Understand the concepts of working capital and liquidity.
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2.3 Discuss the sources of finance for a logistics business in different scenarios.
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2.4 Understand the impact of depreciation on business assets.
3. Be able to prepare and monitor a budget
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3.1 Differentiate between different types of budgets.
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3.2 Prepare different types of budgets.
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3.3 Undertake a variance analysis on a budget.
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3.4 Identify the reasons for adverse and favourable budget variances.
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3.5 Identify actions to address budget variances.
4. Be able to analyse the performance of a logistics business.
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4.1 Analyse the financial performance of a business from information drawn from financial statements.
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4.2 Identify actions to address the underperformance of a logistics business.
Topics:
Understand the role of the finance and accounting function in a logistics business.
Course Coverage
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Reasons for maintaining accurate financial records.
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Implications for the business of poor financial record keeping.
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The role of bookkeepers, credit controllers, procurement officers, financial accountants and management accountants.
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The difference between management accounting and financial accounting.
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The format of the main financial statements
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The income statement
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The statement of financial position
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Decision-making in the logistics environment in relation to:
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Business strategy
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Business operations
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Business tactics
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Understand the sources of finance available to a logistics business.
Course Coverage
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The need for business finance in respect of different time horizons: short and long-term timescales.
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The importance of working capital and effective working capital management in a logistics business.
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Net current assets
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Cash flow forecasts
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Sources of finance:
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Internal: retained profits, net current assets, sale of assets
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External: owner’s capital, bank overdraft, hire purchase, leasing, trade credit, mortgages, shares, loans, debt factoring, invoice discounting.
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The depreciation on non-current assets, including a transport fleet, and its impact on the income statement and the statement of financial position.
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Straight line depreciation
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Reducing balance depreciation
Be able to prepare and monitor a budget
Course Coverage
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Budgets:
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Operating budget
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Cash budget
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Fixed budget
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Master budget
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Incremental budgeting
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Activity-based budgeting
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Budgeting based on value proposition
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Zero-based budgeting
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The purpose of variance analysis as a monitoring mechanism.
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Favourable and adverse budget variances and how they may arise in a logistics business.
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Addressing budget variances in a logistics business in relation to:
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Costs including fixed and variable which arise in a logistics business.
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Revenue including the negotiation of transportation contracts.
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Business processes including inventory management and warehousing.
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The supply chain including national and international supply chain considerations.
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Business practices including procurement.
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Be able to analyse the performance of a logistics business.
Course Coverage
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The need of business stakeholders for financial information:
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Shareholders/owners/managers
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Employers
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Creditors/suppliers
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Lenders
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Employees
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Ratio analysis
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Profitability
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Liquidity
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Efficiency
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Actions to address under-performance in a logistics business in relation to the outcome of ratio analysis.
Indicative reading list
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Fields, E. (2018) Essentials of Finance and Accounting for Non-financial Managers 3rd edition, Amacom, New York.
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McLaney, E. and Atrill, P. (2020) Accounting and Finance: An Introduction 10th edition, Pearson, Henlow.
Additional Resources
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Journal of Finance and Accounting
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Management Help
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Association of Accounting Technicians
Entry requirements
- Learners must be over 18 years old.
- Relevant Level 3 Diploma or equivalent qualification
- Or GCE Advanced level in 2 subjects or equivalent qualification.
English requirements
If a learner is not from a predominantly English-speaking country, proof of English language proficiency must be provided.
- Common European Framework of Reference (CEFR) level B2 or equivalent
- Or A minimum TOEFL score of 101 or IELTS 5.5; Reading and Writing must be at 5.5 or equivalent
- Or A minimum Pearson Test of English Academic (PTE Academic) score of 51 or equivalent
The UKeU reserves the highest decision-making authority regarding admissions and may accept or reject applicants following a thorough review of each applicant’s profile, ensuring that only those capable of benefiting from the course are admitted. Qualifications from diploma mills or fake universities/institutions will not be accepted by UKeU and/or Partner University.
After graduating with Level 4 Award, students receive all certified documents from the UKeU.
Certified Documents:
- e-Certificate from the UK eUni Worldwide (UKeU).
- Hard copy certificate from the UK eUni Worldwide (UKeU) – Optional.
- Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) certified from UKeU for credit and tuition fee transfer.
Because the course is accredited and recognized, learners can easily use their qualifications in the workplace and enjoy many opportunities for career advancement. In addition, if you wish to pursue a degree from UKeU and/or a Partner University, all credits and 50% paid tuition fees can be transferred.
The UKeU’ Level 4 Award means:
UKeU Level 4 Award is a qualification at the undergraduate level and is equivalent to the following:
- Level 4 Certificate of the Regulated Qualifications Framework (RQF) in the UK
- Level 7 Certificate of the Scottish Credit and Qualifications Framework (SCQF)
- Level 4 Certificate of the Credit and Qualifications Framework for Wales (CQFW)
- Level 4 Certificate of the European Qualifications Framework (EQF)
- Level 5 Certificate of the Australian Qualifications Framework (AQF)
- Level 4 Certificate of the ASEAN Qualifications Reference Framework (AQRF)
- Level 5 Certificate of the African Continental Qualifications Framework (ACQF)
Learners can transfer all credits and 50% of their tuition fees when enrolling in UKeU and/or Partner University academic programs if they wish to pursue an academic degree.
Credits transfer:
Learners can accumulate 20 credits from the Level 4 Award program when participating in the Level 4 Diploma program. Please see the credit transfer policy HERE.
Tuition fee transfer:
When enrolling in the Level 4 Diploma program, graduates from the Level 4 Award will receive a fee reduction equal to 50% of the tuition fees paid for the Level 4 Award. Please refer to the tuition fee transfer policy HERE.
The UKeU Micro Degree course allows learners to transfer credits and 50% of their tuition fees toward full degree programs offered by UKeU and/or Partner University. UKeU reserves the right to limit admissions once enrollment exceeds the set quotas.
Apply Policy:
- To participate in the UKeU Micro Degree course, learners need to meet the entry criteria corresponding to each level. Please see the “Entry” tab for more details.
- UKeU will not accept applicants whose entry qualifications are from fake universities or institutions that are not accredited.
- English is not a mandatory entry requirement for Micro Degree course, but candidates need to ensure that English is used in reading documents, listening to lectures, and doing assignments. Applicants should note that English is a mandatory requirement when switching to an academic program at UKeU and Partner University.
Apply Process:
- Step 1: To request a consultation for a course that best suits your needs, please email support@ukeu.uk. Our admissions department will contact you to guide you through the required documentation and the next steps in the application process.
- Step 2: Once your application documents are approved and the application fee is paid, UKeU will issue a Letter of Acceptance (LOA). You will then follow the provided instructions, including payment of the tuition fee.
- Step 3: After the tuition fee is paid, UKeU will issue a confirmation letter, provide your login details for the e-learning system, and send you all relevant documents.
- At this point, you have officially become a UKeU student. Welcome, and enjoy your learning journey!
The UKeU Micro Degree course is fully online, allowing you to study anytime and anywhere. You also have the option to attend live classes with UKeU. Final exams will be uploaded to the system and assessed by the UKeU academic board. Learners are required to submit assignments on time; failure to do so will require payment of a resit fee (with up to two attempts allowed). Continued non-compliance on a third occasion will result in being considered as having discontinued the course, and tuition fees will not be refunded.
Pricing Plans
Take advantage of one of our non-profit professional certified courses with favorable terms for your personal growing carreers.
- Full online videos
- e-Books
- Self study contents
- Online tutor videos
- Assignment guide
- e-Certificate
- Hard copy certificate
- APEL.Q certified from UKeU for credit and tuition fee transfer
- Deliver hard copy certificate and all certified documents to your home
- Transfer full credits & 50% paid tuition fees of this award to equivalent academic programs
- Opportunity to get scholarships when becoming Partner Universities' international students
(*) In the event that you receive a scholarship or discount, the fee you should transfer is the amount you actually paid.
UKeU MICRO DEGREE
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If you interested this micro degree course, please feel free to contact with us! Please note that this course is not for profit and learning with full online model.