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Management accounting is a field dedicated to aiding managerial decision-making processes, strategic planning, and performance monitoring mechanisms. Professionals in this field leverage their skills in financial reporting and control to guide management teams in crafting and executing an organization’s strategy. They do this by providing relevant financial data and managing related accounting tasks.

This course aims to familiarize students with the essential principles of accounting that form the backbone of financial operations and encourage effective and sustainable decision-making in any enterprise. Through theoretical study and practical application, students will gain insights into a variety of financial and management accounting techniques.

Upon successful completion of this unit, students will be equipped to support senior team members in the creation and evaluation of budgets, the preparation of straightforward financial statements, and the use of financial ratios for performance interpretation. Additionally, students will delve into broader facets of accountancy, such as ethics, transparency, and sustainability. This foundational knowledge and skill set will pave the way for their advancement to more advanced levels of study.

By the end of this course a student will be able to:

  1. Examine the context and purpose of accounting.
  2. Prepare basic financial statements for unincorporated and small business
    organisations in accordance with accounting principles, conventions and
    standards.
  3. Interpret financial statements.
  4. Prepare budgets for planning, control and decision making using spreadsheets.

There are no formal prerequisites or qualifications required to enroll. Here are a few things to keep in mind:

  • As the course is conducted entirely in English, we recommend that learners have a good grasp of the English language, both written and spoken, to gain maximum benefit.
  • Since this is an online course, you’ll need a computer, tablet, or smartphone with internet access. Familiarity with basic computer skills would be advantageous.
  • While you can learn at your own pace, dedicating consistent time to the course will help you understand and retain the material better.

              Registration process:

              • Based on course settings, students might be requested to fill in an application (online) and provide us with correct information about themselves before being able to proceed with the course.
              • We will contact you by email if we need more details after submitting your application.
              • After approval, you can proceed with payment and start the course.

              Materials are organized under different lessons. The lessons consist of self-study contents including reading-texts, practical activity, assignment and quizzes in which students can engage and learn.

              The course has supervisors and instructors; they are available online to support students by answering their questions or explain different topics to them. This will be managed under discussion section, forums, direct contact or by online meetings.

              When student successfully completes all lessons, quizzes and pass assignment, he/she will be offered a certificate.

              The Course is available as an individual course or under Pearson Qualifications (HNC/HND) in Business. The price will be updated based on the selected option. The individual course fee is higher because Awarding Body applies higher fees for individual enrollment. At the same time, a discount will be automatically added when you order HNC/HND in Business or if you’re already enrolled under these qualifications.

              Courses awarded by Next Gates have no discount, and the fee is already reduced.

              * Note that prices don’t include VAT. Additional fee might be applied at checkout.

              Course Curriculum

              Section One
              Introduction to Accounting 01:30:00
              Roles in Commercial Finance and Global Business Services 01:30:00
              Users and Uses of Financial Information 01:30:00
              ACP Progress Quiz 1/8 00:25:00
              Skills and Competencies for Accounting Roles 01:00:00
              Overview of Financial and Management Accounting 01:00:00
              Basic Accounting Principles, Conventions, and Standards 01:00:00
              ACP Progress Quiz 2/8 00:20:00
              Section Two
              The Accounting Cycle and Double-Entry Bookkeeping 01:00:00
              Capital and Revenue Items in Accounting 01:00:00
              Types of Business and Business Entities 01:00:00
              ACP Progress Quiz 3/8 00:20:00
              Preparing Basic Financial Statements 01:00:00
              Accruals and Prepayments 01:00:00
              Accounting for Bad and Doubtful Debts 01:00:00
              ACP Progress Quiz 4/8 00:20:00
              Section Three
              Accounting Software for Financial Statement 01:00:00
              Financial Statement Analysis and Its Importance 01:00:00
              ACP Progress Quiz 5/8 00:20:00
              Understanding and Calculating Financial Ratios 01:00:00
              Limitations and Alternative Performance Measurement Tools 01:00:00
              Planning & Budgeting 01:00:00
              Types of Budgeting 01:00:00
              ACP Progress Quiz 6/8 00:20:00
              Section Four
              Approaches to Budgeting 01:00:00
              Variance Analysis – Part 1 01:00:00
              Variance Analysis – Part 2 01:00:00
              ACP Progress Quiz 7/8 00:20:00
              Introduction to Spreadsheets and Data Organization 01:00:00
              Advanced Spreadsheet Techniques 01:00:00
              Budgeting and Financial Planning with Spreadsheets 01:00:00
              ACP Progress Quiz 8/8 00:20:00
              Final Assignments

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              100 $ reduction for HNC or HND students
              85 STUDENTS ENROLLED

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              Next Gates Education offers a professional qualifications and courses in which most of them are accredited by UK’s top Awarding Bodies and internationally recognized.

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