ACCA Diploma in Financial and Management Accounting (RQF Level 2)

Our training provision has recently received Silver Approved Learning Partnership status with ACCA. Our aim is to offer people who are very new to accounting the opportunity to progress through the early stages of the ACCA qualification framework using the Foundations in Accountancy Programme. The option will be made available to complete all three levels within one calendar year.

This course offers a fully accredited qualification in its own right, recognised by ACCA, and very importantly; employers. It is also the first stage of the Foundations in Accountancy Programme which will lead you onto the ACCA Applied Skills and Strategic Professional Levels.

ACCA Diploma in Financial and Management Accounting (RQF Level 2)

This forms the first level of qualification within the Foundation programme. To attain the full Level 2 Diploma in Financial and Management Accounting you will be required to complete the Recording Financial Transactions unit (FA1) and the Management Information unit (MA1). The level 2 qualification will be equivalent to GCSE standard.

Unit: Recording Financial Transactions (FA1)

The aim of this unit is to develop a knowledge and understanding of the main types of business transactions and documentation, and how these are recorded in an accounting system up to the trial balance stage.

Syllabus Content: On successful completion of this unit, candidates should be able to explain and understand the following:

• Types of business transactions and documentation
• Duality of transactions and the double entry system
• Banking system and transactions
• Posting of payroll into the accounts
• Ledger accounts
• Cash and bank
• Sales and credit transactions
• Purchases and credit transactions
• Reconciliation and preparing the trial balance

Unit: Management Information (MA1)

The aim of this unit is to develop a knowledge and understanding of providing basic management information in an organisation to support management in planning and decision-making.

Syllabus Content: On successful completion of this unit, candidates should be able to:

• Explain the nature and purpose of cost and management accounting
• Identify source documents in a costing system and correctly code data
• Classify costs by nature, behaviour and purpose
• Record costs for material, labour and expenses
• Use spreadsheets in Microsoft Excel.

Cost includes: Classroom structured tuition, all study resources, additional on-line support, full mock assessment.

Additional cost: Exam booked with external exam centre. Current price approximately £90 per exam.

ACCA membership: To be eligible to study any ACCA qualification you must be a fully paid member of the association. Costs will be quoted on the ACCA website.

The course is not for the faint-hearted and requires dedication on your part to want to progress through the levels to where you need to be. It is, without question, a fact that qualifications in the field of accountancy will open doors to earning very good salaries and future promotions.

On our part we will offer you excellent support throughout your studies from our dedicated team of tutors. Our aim is to watch you progress, and grow in confidence to succeed at all levels.

What we offer:

• Fully qualified tutors with current recognised teaching qualifications
• Accredited qualifications in the ACCA Accounting Programme of study
• Maximum of 6 students to each class to ensure individual support
• Access to the most current software
• A secure environment for learning
• Daytime and evening study options
• Three to six hour teaching sessions each week
• Additional one to one support, should it be needed
• All the resources required to achieve success
• Comfortable classrooms with access to refreshments
• Accessible premises on major public transport routes in Liverpool, and from around the North West
• Free secure parking

This course is designed for those individuals who do not hold any accounting qualification, and are aiming to start on the first rung of the ladder into an accounting career with ACCA qualifications. As it is classroom based it offers structured learning with one to one support, something that distance learners find difficult to obtain.

Is this the right course for you?

Check through this list of questions and if you answer 6 or more with a Yes response then this may be the course for you.

1. Are you new to accounting?
2. Are you comfortable using a computer?
3. Would you like to acquire the foundation skills and knowledge required to be employed in an accounting role?
4. Are you currently employed in an accounts position and require a qualification to support your work experience?
5. Are you returning to work in an accounting environment and need to refresh your understanding of basic accounts at Level 2?
6. Would you like to change, or enhance, your existing work role to develop your accounting skills to become a fully qualified accountant through ACCA?
7. Are you able to attend every session of the course?
8. Are you wanting to complete all three levels of the Foundation in Accountancy within one calendar year?
9. Do you feel comfortable working with numbers?
10. Are you able to travel to the course premises in Liverpool without any difficulty?

There are no formal entry requirements; however, it is important that you have good basic skills in numeracy and literacy which will be assessed during the enrolment process. It would be to the individual’s advantage to have some work experience in an office environment, although this is not mandatory.

Length of course 10 weeks (excluding exam)

Study options Morning, afternoon or evening sessions

Duration of session 3 hours for each unit

Assessment method: Each unit will require completion of a computer-based exam. 50 multiple choice questions. 2 hours in length. Pass mark 50%

Should you be working in an accounting environment you will find that this qualification gives you a very good basic knowledge of the theory of accounting and double entry. If you are keen to move into accountancy this qualification will provide you with excellent employment prospects. Salaries from £15,000 to £20,000 based upon experience and qualifications.