ACCA Diploma in Financial & Management Accounting (RQF Level 3)

Course Overview 

You can start your journey towards ACCA membership with our Foundation-level qualifications - referred to collectively as 'Foundations in Accountancy'.

Students are awarded an ACCA Diploma in Financial and Management Accounting (RQF Level 3) when they have successfully completed Papers FA2 and MA2 plus completion of Foundations in Professionalism.

ACCA Diploma in Financial and Management Accounting (RQF Level 3) is suitable for those aspiring to work or already working in the following types of roles:

• basic bookkeeping,
• trainee accountant in a commercial organisation or accounting practice,
• accounts clerk in public sector.

Exams

• FA2 Maintaining Financial Records
• MA2 Maintaining costs and Finances

 Course Contents

FA2 Maintaining Financial Records

1. Financial statement , accounting principles and accounting standards
2. Recording business transaction within the accounting and double entry system
3. Sales Tax, The day book and Control Accounts
4. Cash
5. More on sales and receivables
6. Accruals and Prepayments
7. Accounting for inventory
8. Non-Current Assets
9. Trail balances and correcting errors
10. Incomplete Records
11. Partnerships

MA 2 Maintaining costs and Finances

1. Management Information
2. Cost Accounting System and Cost Recording
3. Cost Classification
4. Accounting for Material Costs and Inventory Management
5. Accounting for labour
6. Accounting for overhead -Marginal Costing and Total Absorption Costing
7. Job, Batch and Process Costing
8. Costs-Volume-Profit (CVP) Analysis
9. Short Term Decision Making
10. Capital Investment Appraisal
11. Cash Management
12. Information for Comparison

Who should attend

Book-keeper, Accounts Assistant, Accounts Clerk, Purchasing Clerk, Storekeeper and Accounts Executives

Learning Outcome

With Foundations in Accountancy (FIA) qualification, trainee will be able to support financial managers in any type of business all over the world.