ACCA Diploma in Finance and Management Accounting (RQF Level 3)
The ACCA Diploma in Financial and Management Accounting (RQF Level 3) is a qualification for anyone planning to work as a bookkeeper, cost clerk, or an accounting administration role. This qualification would suit those working as an assistant to financial managers as it provides a good grounding in general accounting skills, in financial and management accounting.
Maintaining Financial Records (FA 2)
- Explain generally accepted accounting principles and concepts
- Outline the principles and process of basic bookkeeping
- Preparing journals and ledger accounts
- Record transactions and events
- Prepare a trial balance (including identifying and correcting errors)
- Reconcile the control accounts and cashbook
- Extending the trial balance, year-end adjustments and final accounts
- Account for partnerships
Managing Costs and Finance (MA2)
- Explain the role of costing within the organisation and how costs are classified
- Describe and record costs by classification
- Explain and apply cost accounting techniques
- Use management accounting techniques to make and support decision-making
- Explain the principles of cash management
Foundations in Professionalism*:
- Introduction to ethics and professionalism
- Law and regulation
- Professional ethics
- Personal effectiveness at work
- Personal values
- Case study
- Objective test
*Students only need to complete the Foundations in Professionalism once if they intend to complete more than one qualification.
The course is designed to develop competency in the processing of financial and cost accounting information in a suitable form for conversion into internal or external financial or management accounting reports, including cash management, using manual and computer systems, and to develop competence in professional skills.
Learners are expected to be:
• Above 16 years old upon commencement
• Possess at least 10 years of education or equivalent
• English proficiency equivalent to a PASS in English Language subject at Year 10/GCE O Level/GCSE or Level B2 in the Common European Framework of Reference (CEFR) for Languages or PTE Academic 51 or IELTS 5.5 (reading and writing must be at 5.5) or equivalent
• Candidates who do not fully meet the above requirements may be considered on a case-by-case basis.
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