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  • Dedicated 1-to-1 Tutor Support (30-min Weekly)
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  • Flexible Schedule
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  • Online Video-Based Learning
  • Flexible Schedule
  • Expert Trainers with Industry Experience
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  • Interactive Learning Materials

Overview

The Management Accounting (FMA) Course is designed for individuals aiming to develop expertise in management accounting techniques and principles. Ideal for aspiring finance professionals, it focuses on equipping learners with the ability to generate, analyse, and apply financial information for effective decision-making. 

This course emphasises the application of budgeting techniques, performance evaluation methods, and cost management strategies critical for organisational success. Learners will gain practical insights into management accounting, enabling them to address real-world challenges and contribute to business growth. 

Part of the foundational ACCA suite, this course builds expertise in preparing financial reports, managing costs, and implementing budgeting strategies. These skills provide a strong base for further studies and dynamic roles in financial management. 

 

Course Objectives

 

  • Understand the purpose and principles of management accounting in business contexts 

  • Develop the ability to prepare budgets and manage financial resources effectively 

  • Gain expertise in analysing financial performance and measuring organisational efficiency 

  • Build skills in cost classification, cost management, and decision-making support 

  • Apply ethical standards in financial reporting and management practices 

Upon completion, learners will have the knowledge and skills to contribute effectively to management accounting functions, providing a solid foundation for further ACCA qualifications and career advancement in finance. 

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Average completion time

1 Month
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Blended Learning

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Course Includes

  • Expert-led Sessions
  • Digital Delegate Pack
  • 24/7 Tutor Support
  • Downloadable Resources & Challenges
  • Interactive Learning
  • Exercise Files
  • Scenario-Based Learning

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

    • Educational Background: No prior accounting or finance experience is required. However, a basic understanding of mathematics and analytical thinking will help learners navigate the course content effectively. 

    • Language Proficiency: Learners should have a good command of English, as all course materials, assessments, and discussions are conducted in English. 

    • Interest in Finance and Decision-Making: This course is ideal for those interested in understanding how management accounting supports strategic decisions and for learners pursuing further qualifications with ACCA. 

Learning Outcomes

    • Understand Management Accounting Principles: Learn the fundamental concepts and techniques of management accounting to support informed decision-making. 

    • Develop Budgeting Skills: Gain practical expertise in preparing, implementing, and monitoring budgets to enhance organisational performance. 

    • Analyse Financial Performance: Master the use of performance indicators and variance analysis to evaluate and improve operational efficiency. 

    • Enhance Cost Management Abilities: Understand cost classification, behaviour, and management strategies for effective resource allocation. 

Target Audience

    The Management Accounting (FMA) Course is ideal for individuals seeking to strengthen their expertise in management accounting or begin their journey towards a professional qualification in finance. Below are the roles and individuals who can benefit from this course: 

    • Aspiring Accountants 

    • Finance Assistants 

    • Cost Accountants 

    • Budget Analysts 

    • Business Analysts 

    • Junior Finance Managers 

Course content

    Module 1: The nature, source and purpose of management information 

    •  Accounting for management 

    • Sources of data 

    • Cost classification 

    • Presenting information
       

    Module 2: Data analysis and statistical techniques

    • Sampling methods 

    • Analytical techniques in budgeting and forecasting 

    • Summarising and analysing data 

    •  Spreadsheets
       

    Module 3: Cost accounting techniques 

    • Accounting for material, labour and overheads 

    • Absorption and marginal costing 

    • Cost accounting methods 

    • Alternative cost accounting principles
       

    Module 4: Budgeting 

    • Nature and purpose of budgeting 

    • Budget preparation 

    •  Flexible budgets 

    • Asset budgeting and investment appraisal 

    • Budgetary control and reporting 

    • Behavioural aspects of budgeting
       

    Module 5: Standard costing 

    • Standard costing system 

    • Variance calculations and analysis 

    • Reconciliation of budgeted and actual profit
       

    Module 6: Performance measurement 

    • Performance measurement - overview 

    • Performance measurement - application 

    • Cost reductions and value enhancement

    • Monitoring performance and reporting

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

  • MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
  • Get expert guidance from tutors available online to assist with your studies.
  • Check your eligibility for exemptions with the relevant professional body before starting.
  • Our supportive team is here to offer study advice and support throughout your course.
  • Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

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Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What is the ACCA Foundation - Management Accounting (FMA) course about?

1.      The course focuses on the core principles of management accounting, including budgeting, cost management, variance analysis, and performance evaluation, essential for effective decision-making.

Q. Who is the ACCA Foundation - Management Accounting course suitable for?

It is ideal for individuals starting their career in finance or accounting, as well as those aiming to strengthen their understanding of management accounting principles.

Q. How will this course help me in my career?

1.       The course equips you with practical management accounting skills, enhancing your ability to analyse financial data, make informed decisions, and contribute effectively to organisational success.

Q. What topics are covered in the ACCA Foundation - Management Accounting course?

1.       Key topics include cost classification, budgeting, cost-volume-profit analysis, variance analysis, and techniques for performance measurement and management.

Q. What are the benefits of taking the ACCA Foundation - Management Accounting course?

1.      This course provides a strong foundation in management accounting, improves your analytical and financial decision-making skills, and opens pathways to further professional qualifications and career advancement.

Q. What is the Management Accounting (FMA) course about?

The course provides a comprehensive understanding of management accounting techniques, focusing on cost management, budgeting, and performance analysis, equipping learners with skills to support effective decision-making and business success. 

Q. Who is this course suitable for?

This course is ideal for aspiring accountants, finance professionals, and individuals interested in developing expertise in management accounting and pursuing advanced ACCA qualifications or finance-related roles. 

Q. Are there any prerequisites for this course?

No prior accounting or finance experience is required. However, a good understanding of mathematics and analytical thinking, along with English proficiency, will help learners navigate the course effectively. 

Q. How will this course benefit my career?

The course equips learners with practical skills in budgeting, cost management, and performance evaluation, providing a strong foundation for advanced ACCA qualifications and career advancement in management accounting and financial management. 

Q. What support is provided during the course?

Learners will receive comprehensive study materials, practical exercises, and professional guidance, ensuring they can master management accounting techniques and apply them effectively in real-world scenarios. 

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Resources

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Course Schedule

Course Schedule