Intermediate Certificate in Financial and Management Accounting

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 Content

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.

Accounts Clerk

If you're an organised person who loves working with facts and figures, this could be a job that you would really enjoy.