|Course at QLS||Level 7|
|Endorsement||Endorsed by Quality Licence Scheme|
|Course Duration||620 Hours|
|Entry Requirements||There are no particular entry requirements|
Master the art of Management Accounting online, with this exclusive Certificate in Account Management from Oxford Home Study Centre. Learn how to confidently and accurately identify, measure, analyse, interpret and communicate key financial information to executives and decisionmakers, in pursuit of organisational goals. This is a fully-endorsed Account Management course for new and experienced accountancy personnel - anyone pursuing a high-profile career at leadership level. Over the course of 16 in-depth modules, key topics and knowledge areas covered include accounting concepts and standards, how to perform ratio analysis and variance analysis, the use of cash flow statements, financial planning and budgeting, investment methods, profit and loss accounts, an introduction to payroll Accounting Technology and many more besides. Enrol online with Oxford Home Study Centre, or contact a member of our admissions team anytime to learn more.
Why Study Managerial Accounting?
Managerial accounting is defined as of the process of establishing organisational goals through the identification, measurements, analysis and interpretation of important financial information. At its core, management accounting concerns the detailed and ongoing analysis of an organization’s financial activities and performance. Where managerial accounting practices are effective, they enable the company and its stakeholders to make educated and informed decisions. Ultimately, successful management accounting enables a business to both identify and eliminate unnecessary expenses, in order to cut costs and maximise profits. It is a specialist field within the accountancy profession that calls for an even more analytical approach and meticulous attention to detail. For those who succeed in managerial accounting, the scope for potential high-profile job opportunities with organisations worldwide is limitless.
Oxford Home Study Centre is proud to offer an extensive range of accountancy and finance courses for newcomers and established professionals. This endorsed Certificate in Management Accounting consists of the following 16 modules, each of which concludes with an online assessment:
Module 1 - What is Managerial Accounting?
The course begins by examining the primary functions and objectives of management accounting, along with the potential benefits of effective managerial accounting practices. The main differences between managerial accounting and financial accounting are also detailed and discussed.
Module 2 - Accounting Concepts and Standards
Several essential accounting concepts and standards are presented and discussed in the second module, which presents learners with a detailed breakdown of the accounting framework and a series of everyday activities performed by accountancy personnel
Module 3 - Journals and Subsidiary Books
A fascinating look at the primary journals and subsidiary books in management accounting follows in Module Three. Candidates consider the distinction between journal and ledgers, the advantages of using subsidiary books, how to make effective use of journals and an overview of the Imprest System.
Module 4 - Bookkeeping
Module Four brings the basics of bookkeeping into discussion, outlining several key bookkeeping activities and the benefits of accurate bookkeeping. Learners are guided through the process of recording, classifying and organizing financial transactions, while examining the differences between bookkeeping and accounting.
Module 5 - Payroll & Accounting Terminology
Essential payroll and accounting terminology is presented and discussed in the fifth module, along with several primary payroll management activities and processes. Topics covered include employer tax expenses, government payroll returns, employee benefits, salary deferrals, net wages and gross wages.
Module 6 - Profit and Loss Accounts
Candidates then study the preparation and analysis of profit and loss accounts in business, highlighting the importance of accurately and continuously tracking income. Course content outlines the process of calculating net income (or net profit) by analysing all revenues and expenses during a specific period.
Module 7 - Balance Sheet
The preparation and use of balance sheets is then discussed, including a series of tips and guidelines for performing effective balance sheet analysis. Additional topics covered include the purpose of financial statements, the concept of working capital, classifications of assets and a look at the current ratio and quick ratio.
Module 8 - Cash Flow Statements
Module Eight examines the various sources and uses of cash in business, along with the functions and objectives of cash flow statements. Initial investment capital is also detailed and discussed, alongside inventory, supplies, prepaid expenses, receivables and more.
Module 9 - Variance Analysis
Candidates then learn how to perform quantitative investigations into the differences between planned and actual behaviours - aka variance analysis. The different categories of variance are presented and discussed, along with variance control, reporting variances and the importance of accurate variance analysis.
Module 10 - Ratio Analysis
Financial performance analysis continues into Module 10, which guides candidates through the process of performing ratio analysis. Topics covered include classification of ratio, norms for evaluation, managerial uses of the primary ratio and more.
Module 11 - Financial Management
A detailed introduction to financial management follows in Module 11, which highlights the main differences between financial management and management accounting. The main categories of financial management are discussed, along with the scope and functions of financial management.
Module 12 - Management of Working Capital
Module 12 covers a series of topics in relation to working capital management, including the different kinds of working capital, the importance of strategic working capital management, how to determine working capital needs, working capital management under inflation and the general significance of working capital in business.
Module 13 - Financial Planning, Budgeting and Control
Preparing and adjusting budgets is discussed in Module 13, which outlines the importance of accurate and strategic financial planning. Learners study a breakdown of the budgeting process, the functions of control ratios, guidelines for producing accurate forecasts and the potential consequences of ineffective financial planning.
Module 14 - Investment Methods
An introduction to investment methods and the different types of investments follows in Module 14, in which candidates consider how strategic investment decisions are made in business. Additional topics covered include methods of appraisal, cost of capital, limitations of investment appraisal techniques and depreciation.
Module 15 - End of Period Procedures
Several essential end-of-period activities and procedures are then discussed, including posting adjustments and corrections, reconciling cash, reconciling investments, working with the trial balance, dealing with bad debt and a further look at asset depreciation.
Module 16 - Auditing
Concluding the course, Module 16 examines internal and external auditing activities, along with why audits are carried out and who takes responsibility for them. The benefits of regular auditing are also discussed, along with how internal and external audits often serve two entirely different purposes in business.
Paying in Instalments: £1100 (interest FREE Instalments)
No of Instalments: 12
Each Instalment: £65
Pay in Full: (£200 Discount) £900
At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.
A background in managerial accounting could pave the way for a long list of potential career opportunities in a business setting. Just a few potential job titles qualified candidates can pursue include Accounting Manager, Financial Analyst, Senior Accountant, Director Of Data Analytics, Financial Planning Specialist, Strategic Planning Manager, Chief Financial Officer, Treasurer, Controller and many more besides. All of which attach attractive salaries of anything from £25,000 to more than £50,000 with experience. There are also countless opportunities in managerial accounting for self-employment, contractual work and service provision on a freelance basis.
Who Should Take This Course?
All courses at Oxford Home Study Centre are open to ambitious and enthusiastic candidates worldwide. This endorsed Certificate in Management Accounting could be the ideal online program for the following applicants:
However ambitious your objectives may be, we’re standing by with the support you need to make them happen. Sign up online in just a few clicks, or contact our admissions team anytime to learn more.