Intermediate Certificate in Financial and Management Accounting

COURSE OVERVIEW

A distance learning course is the ideal way to gain a Financial and Management Accounting qualification. Whether you're looking to go on to further education, improve your job prospects or expand your knowledge, distance learning Intermediate Certificate in Financial and Management Accounting is a flexible and convenient course, which allows you to comprehensively prepare for an exam or career through home study. What's more, because the distance learning Intermediate Certificate in Financial and Management Accounting course is a fully comprehensive course, no prior knowledge is required.

This course is part of the internationally recognised Foundations in Accountancy suite of qualifications.

Are you looking to enhance your skills in accounting and finance. The intermediate certificate is designed for those who have made the decision to pursue a career in Accounting. This qualification covers Recording Financial Transactions, Management Information, Maintaining Financial Records, Managing Costs and Finances, providing you with a comprehensive underpinning knowledge of the accounting sector and the key skills and techniques that are expected for working in finance.

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.

If you have completed the Introductory Certificate in Financial and Management Accounting, you would only have to complete two external exams instead of four and you would not have to repeat the online module foundations in professionalism. If you have completed the Intermediate certificate, you should let us know prior to registration and you. You would need to provide us with a copy of the ACCA transcript evidencing that you have completed the qualification.

Course Key Topics

The Intermediate Certificate in Financial and Management Accounting course is divided into four comprehensive units:

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.

Home Study Tutor Support

You will be provided with comprehensive materials designed to provide you with everything required to complete your Intermediate Certificate in Financial and Management Accounting course . You will have access to your own courses tutor. Your tutor will be with you throughout your course Plus you can contact our Student Advisors by email or phone for all the practical advice you may need – so we really are with you 100%.

What's more, you'll have access to the online student portal, where you can interact with other students, browse our resource library and manage your account.

Course Assessments

In order to assure the quality of the qualification you will need to sit external exams with ACCA. For this course, you will have 4 external exams and an online module on foundations in professionalism You will also need to join the ACCA and register as a student for Foundations in Accountancy in order to take the external exams, all the information you required is contained in the first module of the course.

Course Duration

Get started today, and you can earn your Intermediate Certificate in Financial and Management Accounting in as little as one year, or take up to two years, if you prefer – the choice is yours.