Certificate in Management Accounting

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.

Oxford Home Study offers some free certificate courses in Accounting and Finance. Explore now on our website.

OHSC Certificate of Completion - Digital certificate

Digital certificate - Included.

Quality Licence Scheme Certificate of Completion - Hard copy certificate

Hard copy certificate - £85

Note: A nominal fee of £9.99 covers the delivery charge within the United Kingdom and a nominal fee of £19.99 covers the delivery charge outside the United Kingdom.

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:

• Newcomers looking to build careers in high-level accountancy
• Accountancy and finance workers pursuing leadership-level promotions
• Business owners, executives and senior decisionmakers
• Entrepreneurs considering starting new business ventures
• Anyone looking to boost their accountancy and finance skills
• Jobseekers working on their CVs and employment prospects

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.