CIMA Professional Qualification (Managerial Level)

Course

Online

£ 1,320 VAT inc.

Description

  • Type

    Course

  • Methodology

    Online

  • Duration

    1 Year

When you complete the Managerial Level course, you can then progress onto the Strategic Level and work towards achieving your Chartered status in Management Accounting. You will develop decision-making and management skills through studying the Managerial level as well as an expertise in technical accounting matters. Suitable for: This specialises in accounting for business and is recognised by employers around the world. To gain direct entry to the CIMA Professional qualification you will need to have completed the CIMA Certificate in Business Accounting. Or, if you have already studied a relevant qualification - such as a degree or a professional qualification in accounting or business subjects - you may be given exemptions from the five papers at Certificate level.

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Course programme

What do I learn?

* P8 Financial Analysis
* P2 Management Accounting Decision Management
* P5 Integrated Management
* P7 Financial Accounting & Tax Principles
* P1 Management Accounting Performance Evaluation
* P4 Organisational Management & Information Systems


In the P8 Financial Analysis module students should be able to prepare consolidated accounts and explain the accounting principles associated with this area, such as changes part way through an accounting period and in the merger method. In addition, they will appropriately employ relevant accounting standards and evaluate a business entity’s financial statements and provide analysis of performance whilst being able to explain the problems of profit measurement and alternative approaches to asset valuations. Also in the module they will be able to discuss and evaluate current developments in external reporting.

In the P2 Management Accounting Decision Management module they will able to separate costs into their fixed and variable components and use these in break-even analysis and in decision-making under multiple constraints, and establish relevant cash flows for decision making and apply these principles in a variety of contexts including process/product viability and pricing including evaluation of the tension between short-term, 'contribution based' pricing and long-term, 'return on investment' pricing.

Students will also be able to develop relevant cash flows for long-term projects taking account of inflation and taxation where appropriate, evaluate projects using discounting and traditional methods, and critically assess alternative methods of evaluation and place evaluation techniques in the context of the whole process of investment decision making.

In the P5 Integrated Management students should be able to identify and apply management techniques necessary for decision-making that cuts across functional areas and analyse data in support of strategic decision making whilst also being able to contribute to decision making in these areas by advising management.

In the P7 Financial Accounting & Tax Principles students should be able to describe the types of business taxation rules and requirements likely to affect a company (in respect of itself and its employees) whilst also being able to describe and discuss how financial reporting can be regulated and the system of International Accounting Standards. Students will also learn to prepare statutory accounts in appropriate form for a single company and assess and control the short term financial requirements of a business entity.

In the P1 Management Accounting Performance Evaluation students should be able to apply both traditional and contemporary approaches to cost accounting in a variety of contexts and evaluate the impact of 'modern' data processing and processing technologies such as MRP, ERP and JIT. In addition, students will explain and apply the principles of standard costing, and calculate variances in a variety of contexts and critically evaluate the worth of standard costing in the light of contemporary criticisms.

Students will also be able to develop budgets using both traditional and contemporary techniques, evaluate both interactive and diagnostic uses of budgets in a variety of contexts and discuss the issues raised by those that advocate techniques ‘beyond budgeting.' Another aspect of this course is to prepare appropriate financial statements for cost, profit and investment centre managers, calculate appropriate financial performance indicators, and assess the impact of alternative transfer pricing policies and discuss the behavioural consequences of management control systems based on responsibility accounting, decentralisation and delegation.

In the P4 Organisational Management & Information Systems module students should be able to describe the various functional areas of an organisation and how they relate to one another and apply theories, tools and techniques appropriate to a functional area in support of the organisation’s strategy. Students also prepare reports and plans for functional areas and evaluate the performance of functional areas.

Additional information

Payment options: When you choose to study a professional course with LSM Online, the course fees you pay include the following for each module: * Recommended study text posted to you * Full online access to our Integrated Modular Study System course materials * Dedicated one-to-one tutor service * E-library access * Invitation to attend online exam and assignment workshops Please note that course fees do not include professional body membership and assessment fees. Fees are inclusive of all relevant taxes.
Students per class: 10

CIMA Professional Qualification (Managerial Level)

£ 1,320 VAT inc.