Managerial accounting is by far a different concept than general accounting. While accounting is the process of recording financial transactions of a business, management accounting is more concerned about assessing and conveying the accounting information to the management of an organisation. Therefore, specific knowledge on managerial accounting is essential for individuals to get into or make some advancement within an organisation, and this Diploma In Managerial Accounting – level 3 will help you with just that.
This course has taken upon itself to clear you about the whole concept of managerial accounting, while enlightening you about the nature of cost and management accounting. With spreadsheets being an important accounting software in the modern world, the tutors have also included a few modules that will demonstrate you on how to use the said program effectively.
This course will enhance your knowledge on recording and classifying costs, bookkeeping and recording transactions that will bring you in par with the others in the industry. To take your skills even further, this course will also show you how to produce accurate financial statements that will make you an efficient accounting professional in any organisation or company.
The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Quality Licence Scheme, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current qualifications. Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We 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.
*Study365 is an approved reselling partner for Quality Licence Scheme courses under Global Edulink
- Why consider learning at Study 365?
- Learning Outcomes
- Access Duration
- Who is this Course aimed at?
- Entry Requirement
- Method of Assessment
- Endorsed by
- Progression and Career Path
- Other Benefits
With so many commitments in our lives, we may not have the time to learn new skills. The beauty of studying online is that you get to find this balance between your education and your daily commitments
Study 365 offers hundreds of online courses to students across the world. Gaining new skills has never been this easy as many of our courses are open to students with little or no qualifications or previous experience. All the courses are up-to-date, relevant, affordable, and will build on existing expertise or give you a jump-start to a new career. The courses are meticulously designed and equals what is offered in a classroom setting. With a solid reputation that has established and made us made us one of the most trusted and reliable online course providers we offer the most convenient path to gain skills and training that will give you the opportunity to put into practice your knowledge and expertise in your chosen career. You can learn at your own pace at Study 365 and you will be provided with all the necessary material, tutorials, qualified course instructor, narrated e-learning modules, interactive quizzes and free resources which include Free CV writing pack, free career support and course demo to make your learning experience enriching and more rewarding.
- Gain a clear understanding of the nature of cost and management accounting.
- Learn how to use spreadsheets efficiently in your job role.
- Learn how to record and classify costs effectively.
- Have an understanding of bookkeeping and recording transactions.
- Have practical, hands-on experience at producing financial statements.
- Learn how to be an efficient Accountant in any organisation or company.
The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.
- Accounts Officer
- Management Accountant, Accounts Executive
- Business Managers
- Students studying Management Accounting
- Anyone who wants to gain skills and knowledge in Management Accounting
- All learners should be over the age of 19 and have a basic understanding of Maths, English and ICT.
- A qualification in level 2 or above in any discipline.
This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.
Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 05 installments when you are submitting your assessments.
Those who successfully complete the course will be issued the Diploma in Managerial Accounting at QLS Level 3 by the Quality Licence Scheme.
Course Code: QLS-05008
The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.
The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.
Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.
Once you successfully completed the Level 3 Diploma in Managerial Accounting, you will gain the knowledge and skills that will give you multiple choices in job opportunities. You can use this certificate to expand in your academic training, or to demand for a job promotion or salary increment from your employer. Listed below are some of the job titles this certification will help you attain along with the average UK salary per annum according to https://www.payscale.com/career-path-planner.
- Accountant – £28,565 per annum
- Management Accountant – £32,165 per annum
- Tax Accountant – £29,001 per annum
- Accounts Assistant – £18,883 per annum
- Accounts Executive – £22,243 per annum
- Staff Accountant – £24,115 per annum
- Accounting Assistant – £20,352 per annum
- Accounting Clerk – £17,609 per annum
- Accounts Payable Clerk – £19,801 per annum
- Bookkeeper – £20,796 per annum
- Written and designed by the industry’s finest expert instructors with over 15 years of experience
- Repeat and rewind all your lectures and enjoy a personalised learning experience
- Unlimited 12 months access from anywhere, anytime
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- Eligible for a TOTUM discount card
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- 25% Discount on personal Statement and covering letter writing service
- Free Access to Over 150 courses for 2 days (48 hours)
- Free access to course before you purchase (For selected courses only)
|1: Introduction - Managerial Accounting|
|Introduction – Managerial Accounting|
|2: Costs and Understanding Performance Evaluation|
|Costs and Understanding Performance Evaluation|
|3: Understanding Absorption And Marginal Costing|
|Understanding Absorption And Marginal Costing|
|Assignment Brief I – Diploma in Managerial Accounting Level 3|
|☑ Submit Your Assignment|
|(B) Assignment Submission I – Managerial Accounting Level 3|
|4: Profit Reconciliation Statement|
|Profit Reconciliation Statement|
|5: Use of Activity Based Costing|
|Use of Activity Based Costing|
|6: What is Break-Even Analysis|
|What is Break-Even Analysis|
|Assignment Brief II – Diploma in Managerial Accounting Level 3|
|☑ Submit Your Assignment|
|(B) Assignment Submission II – Managerial Accounting Level 3|
|7: Purpose of Budgeting|
|Purpose of Budgeting|
|8: Learn Budgetary Control|
|Learn Budgetary Control|
|9: What is Standard Costing and Variance Analysis|
|What is Standard Costing and Variance Analysis|
|Assignment Brief III – Diploma in Managerial Accounting Level 3|
|☑ Submit Your Assignment|
|(B) Assignment Submission III – Managerial Accounting Level 3|
|10: Understand Idle Time and Causes of Variance|
|Understand Idle Time and Causes of Variance|
|11: Learn Cost Bookkeeping|
|Learn Cost Bookkeeping|
|12: What is Process Costing?|
|What is Process Costing?|
|13: Understand Batch and Job Costing|
|Understand Batch and Job Costing|
|Assignment Brief IV – Diploma in Managerial Accounting Level 3|
|☑ Submit Your Assignment|
|(B) Assignment Submission IV – Managerial Accounting Level 3|
|14: Introduction to Financial Mathematics|
|Introduction to Financial Mathematics|
|15: Financial Mathematics II|
|Financial Mathematics II|
|16: Purpose of Investment Appraisal|
|Purpose of Investment Appraisal|
|17: Useful Formulas|
|Assignment Brief V – Diploma in Managerial Accounting Level 3|
|☑ Submit Your Assignment|
|(B) Assignment Submission V – Managerial Accounting Level 3|