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Overview

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 course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Study 365 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 Ofqual, 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 Study 365 to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards 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.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Why consider learning at Study 365?

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 recognised 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.

Learning Outcomes

  • 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.

Access Duration

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.

Who is this Course aimed at?

  • Accounts Officer
  • Management Accountant, Accounts Executive
  • Business Managers
  • Entrepreneurs
  • Students studying Management Accounting
  • Anyone who wants to gain skills and knowledge in Management Accounting

Entry Requirement

  • All learners should be over the age of 19 and have a basic understanding of Maths, English and ICT.
  • A recognised qualification in level 2 or above in any discipline.

Method of Assessment

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.

Certification

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Accredited Body

Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Progression and Career Path

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.

  • 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

Other Benefits

  • 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
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 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)

Course Curriculum

1: Introduction - Managerial Accounting
Introduction – Managerial Accounting 00:00:00
2: Costs and Understanding Performance Evaluation
Costs and Understanding Performance Evaluation 00:00:00
3: Understanding Absorption And Marginal Costing
Understanding Absorption And Marginal Costing 00:00:00
☑ Assignment
Assignment Brief I – Diploma in Managerial Accounting Level 3 00:00:00
☑ Submit Your Assignment
4: Profit Reconciliation Statement
Profit Reconciliation Statement 00:00:00
5: Use of Activity Based Costing
Use of Activity Based Costing 00:00:00
6: What is Break-Even Analysis
What is Break-Even Analysis 00:00:00
☑ Assignment
Assignment Brief II – Diploma in Managerial Accounting Level 3 00:00:00
☑ Submit Your Assignment
7: Purpose of Budgeting
Purpose of Budgeting 00:00:00
8: Learn Budgetary Control
Learn Budgetary Control 00:00:00
9: What is Standard Costing and Variance Analysis
What is Standard Costing and Variance Analysis 00:00:00
☑ Assignment
Assignment Brief III – Diploma in Managerial Accounting Level 3 00:00:00
☑ Submit Your Assignment
10: Understand Idle Time and Causes of Variance
Understand Idle Time and Causes of Variance 00:00:00
11: Learn Cost Bookkeeping
Learn Cost Bookkeeping 00:00:00
12: What is Process Costing?
What is Process Costing? 00:00:00
13: Understand Batch and Job Costing
Understand Batch and Job Costing 00:00:00
☑ Assignment
Assignment Brief IV – Diploma in Managerial Accounting Level 3 00:00:00
☑ Submit Your Assignment
14: Introduction to Financial Mathematics
Introduction to Financial Mathematics 00:00:00
15: Financial Mathematics II
Financial Mathematics II 00:00:00
16: Purpose of Investment Appraisal
Purpose of Investment Appraisal 00:00:00
17: Useful Formulas
Useful Formulas 00:00:00
☑ Assignment
Assignment Brief V – Diploma in Managerial Accounting Level 3 00:00:00
☑ Submit Your Assignment

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