Graduate School of Management

Overview

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 Program. The option will be made available to complete all three levels within one calendar year. 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. 

This course offers a fully accredited qualification in its own right, recognized by ACCA, and very importantly; employers. It is also the second 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 3)

This is the second level of qualification within the Foundations programme. To attain the full Level 3 Diploma in Financial and Management Accounting you will be required to complete the Managing Financial Records unit (FA2) and the Managing Costs and Finance unit (MA2). The level 3 qualification will be equivalent to A Level standard.

Unit: Managing Financial Records (FA2)

The aim of this unit is to develop a knowledge and understanding of underlying principles and concepts relating to maintaining financial records, and technical proficiency in the use of double entry accounting techniques, including the preparation of basic financial statements

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

• Explain generally accepted accounting principles and concepts
• Outline the principles and process of basic bookkeeping
• Prepare journals and ledger accounts
• Record transactions and events
• Prepare a trial balance (including identifying and correcting errors)
• Reconcile control accounts and cashbook
• Extend the trial balance, process year-end adjustments and prepare final accounts
• Account for partnerships

Unit:  Managing Costing and Finance (MA2)

The aim of this unit is to develop a knowledge and understanding of how to prepare, process and present basic cost information to support management in planning and decision-making in a variety of business contexts.

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

• Explain the role of costing within the organisation and how costs are classified
• Describe and record costs by classification
• Explain and apply cost accounting techniques
• Use management accounting techniques to make and support decision-making
• Explain principles of cash management

You will be required to have completed a Level 2 Accounting qualification. It is also important that you have good basic skills in numeracy and literacy which will be assessed during the enrollment 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)

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

Fees

£1500/-  what is included:-

• ACCA Registration
• Study material 
• Access to our online portal
• Tutor support
• Exam Fees
• Tutor led Classes
• Mock Exam
• Practice Questions
• Scholarship Available (Limited Number)

Should you be working in an accounting environment you will find that this qualification gives you a very good knowledge of the theory of accounting and double entry. If you are keen to move into accountancy and have good literacy and numeracy skills this qualification will provide you with excellent employment prospects. Salaries from £18,000 to £22,000 based upon experience and qualifications.