Intermediate Certificate in Financial and Management Accounting

Course

Distance

£ 789 VAT exempt

Description

  • Type

    Course

  • Methodology

    Distance Learning

  • Duration

    2 Years

Suitable for: The Intermediate Certificate is suitable for those aspiring to work or already working in: A bookkeeping or cost clerk role in a small or medium sized enterprize. A range of accounting administration roles within an accounting department of a larger organisation or financial shared service centre. The Intermediate Certificate in Financial and Management Accounting is broadly equivalent to A Level.

About this course

No entry qualifications are required.

The Intermediate Certificate is designed to be of value for those who want to work in the financial or accounting sector and for those who already working in that environment. On completion, you can be assured that you will have a respected qualification designed by industry experts that can help you to progress your career and certify your skills. In addition, the international nature of the awarding body means that your skills you gain are sought after and highly transferable

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Course programme

Intermediate Certificate in Financial and Management Accounting - ACCA Course Outline

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

Intermediate Certificate in Financial and Management Accounting

£ 789 VAT exempt