Intermediate Certificate in Financial & Management Accounting

Course Title: Intermediate Certificate in Financial & Management Accounting
Awarded By: Association of Chartered Certified Accountants
Course Category: Accounting & Finance
Course Duration: 90 Hours


Course Aim

Intermediate Financial and Management Accounting is part of a programme designed for anyone who is just starting out on their accountancy journey.

 

Target Audience

Suitable for those aspiring to work or already working in:

  • A bookkeeping or cost clerk role in an SME
  • A range of accounting administration roles within an accounting department of a larger organisation or financial shared service centre.

 

Course Details

This course will cover the following key exams:

  • FA2 – Maintaining Financial Records
    To develop knowledge and understanding of the 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
  •  MA2 – Managing Costs and Finances
    To develop 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.

Learning Outcome

• Reconcile the control accounts and cashbook
• Extending the trial balance, year end adjustments and final accounts
• Account for partnerships.
• Explain the role of costing within the organization 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
• Apply and use computer spreadsheets in Microsoft Excel.