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Online CIMA Professional - Operational Level -F1 Financial Operations

College of North West London

Summary

Price
£175 inc VAT
Finance options

Flexible, interest-free part payment options available
Study method
Online
Duration
12 months · Self-paced
Qualification
CIMA Professional Operational Level F1 course completion certificate
Awarded by Chartered Institute of Management Accountants (CIMA)

Overview

Provide yourself with the skills in Financial Operations to make sure organisations trust your accounting expertise with this CIMA F1 Financial Operations module.

Description

The F1 Financial Operations course covers one of the nine units that make up the prestigious CIMA Professional Chartered Management Account qualification. It will introduce you to many essential financial principles within business accounting.

• Understand the different types of tax that can be applied to an incorporated business, including direct tax on a company’s trading profits and indirect taxes collected by the company and learn about the administration of them.
• Identify situations in which foreign tax obligations (reporting and liability) could arise and methods for relieving foreign tax and gain further insight into employee taxation.
• Understand the need for record keeping and the importance of adhering to tax return and payment deadlines.
• Learn how to prepare corporate income tax calculations and feel confident in the execution of them.
• Understand why regulating accounting and financial reporting are needed; learn the role of the external auditor, the core elements of an audit report and why accurate and in-depth financial reporting equates to best practice.
• Understand the CIMA Code of Ethics for Professional Accountants with relation to information reporting, assurance and taxation activities of an accountant, so that you can apply the knowledge in your future job position.
• Learn how to prepare full financial statements for a single company and consolidated statements for a group.
• Learn about international standards and accounting rules and how to apply them to a range of matters that you will be faced with over the course of your career

Who is this course for?

For anyone who wishes to boost their Financial Operations knowledge, expertise and confidence.

Requirements

There are no official pre-requisites to the course be we recommend students to hold the CIMA Certificate in Business Accounting or equivalent.

Career path

As a qualified Management accountant you can expect to earn a salary around £32K with further prospects leading to Financial Controller, Chartered accountant, Finance Manager.
Source: PayScale

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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