CIMA Certificate in Business Accounting

What do I learn?

* Fundamentals of Ethics, Corporate Governance & Business Law
* Fundamentals of Business Economics
* Fundamentals of Management Accounting
* Fundamentals of Financial Accounting
* Fundamentals of Business Mathematics

By the end of the Fundamentals of Ethics, Corporate Governance & Business Law module students will be able to discuss the framework of professional values, ethics and attitudes for exercising professional judgement and acting in an ethical manner, that is in the best interests of society and the profession. In addition, students will be able to explain the need to comply with the CIMA and IFAC ‘Codes of Ethics for Professional Accountants' and also explain the importance of good corporate governance and the evolution of good practice. Another important area that students will become aware is the fundamental aspects of the organisation and operation of the English legal system and compare and contrast it with other legal systems.

In the Fundamentals of Business Economics students will be able to distinguish the differing goals of organisations and identify how these differing goals affect the decisions made by managers and illustrate how market economies function and identify the reasons for and impacts of government involvement in economic activities. In addition, students will be able to identify the role of financial institutions and markets in the provision of short and long term finance to individuals, businesses and governmental organisations and identify how macroeconomic variables and government economic policies affect the organisation.

In the Fundamentals of Management Accounting students should be able to explain the conceptual and regulatory framework of accounting and explain the nature of accounting systems and understand the control of such systems. Students will be able to prepare and interpret accounts for a single entity and calculate and interpret simple ratios.

In the Fundamentals of Financial Accounting students should be able to explain and use concepts and processes to determine product and service costs and explain direct, marginal and absorption costs and their use in pricing. Also, they will be able to apply cost-volume-profit (CVP) analysis and interpret the results and apply a range of costing and accounting systems. Lastly, in this module, students will be able to explain the role of budgets and standard costing within organisations and prepare and interpret budgets, standard costs and variance statements.

In the Fundamentals of Business Mathematics students should be able to demonstrate the use of basic mathematics, including formulae and ratios and identify reasonableness in the calculation of answers. They will also be able to demonstrate the use of probability where risk and uncertainty exist and apply techniques for summarising and analysing data. Lastly students will calculate correlation coefficients for bivariate data and apply the technique of simple regression analysis.