Intermediate Certificate in Financial and Management Accounting

Course Key Topics

Module 1: Recording Financial Transactions (FA1)

• How accounting systems work.
• Types of business transactions and documentation
• Banking system and transactions
• Payroll
• Ledger accounts
• Cash and bank
• Sales and credit transactions
• Purchases and credit transactions
• Reconciliation
• Preparing the trial balance
• Duality of transactions and the double entry system

Module 2: Management Information (MA1)

• Cost and management accounting
• Basic cost information for management accounting.
• Collecting and recording cost information
• Revenue information for planning and control
• Systems for management accounting
• Source documents in costing systems
• Costs by nature, behaviour and purpose
• Costs for material, labour and expenses
• Actual and expected costs
• Spread sheet system in Microsoft excel

Module 3: Maintaining Financial Records (FA2)

• The fundamental principles of accounting
• Techniques for maintaining accounting records
• Ledger accounts, sales tax records, control accounts, reconciliations.
• Extracting and correcting an initial trial balance
• Producing an extended trial balance
• Accounting for the business transactions of sole traders and partnerships
• Outlining the principles and process of basic bookkeeping
• Preparing journals and ledger accounts
• Recording transactions and events
• Preparing trial balance including identifying and correcting errors
• Reconciling the control accounts and cashbook
• Extending the trial balance, year-end adjustments and final accounts

Module 4: Managing Costs and Finances (MA2)

• Recording, analysing and reporting costs and revenues
• Using costs and revenues for internal management purposes
• Cost concepts and their role in making short term decisions
• The application of spreadsheets in management accounting
• The role of costing within the organisation and how costs are classified
• Classification of costs
• Cost accounting techniques
• The use management accounting techniques to make and support decision making
• Principles of cash management

You should be aware that there is an online component and also 4 external exams for this course. See the further sections below for further information.

The UK Learning College is a leading Distance Learning Provider, offering a route to study for anyone who wants to gain a new skill or qualification, but finds the traditional, classroom-based mode of study unsuitable. Distance learning is an ideal way to learn around your current time and financial commitments, no matter how diverse and unpredictable your schedule is. With UK Learning College you not only study when it suits you and in your own time, but you can be sure of receiving all the advice and support you require as your studies develop. Because of our continuous system of enrolments, Students can enrol any time of year, and our flexible distance learning courses allow students to plan their studies to fit in their life style or work commitments. All of our students have access to their own personal distance learning course tutor who specialises in their field of education and is totally committed to helping you succeed in your home learning course.