Learning Options
- Live Interactive Sessions
- Dedicated 1-to-1 Tutor Support (30-min Weekly)
- Expert Trainers with Industry Experience
- Flexible Schedule
- Networking Opportunities
- High Pass Rates
- 24/7 Personalised Support
- Online Video-Based Learning
- Flexible Schedule
- Expert Trainers with Industry Experience
- High Pass Rates
- 24/7 Personalised Support
- Interactive Learning Materials
Overview
The Managing Costs and Finance (MA2) Course is tailored for individuals seeking to deepen their understanding of cost accounting and financial management. Designed for aspiring finance and accounting professionals, this course focuses on equipping learners with the ability to manage costs, prepare budgets, and support financial decision-making processes.
This course emphasises mastering cost behaviours, budgeting techniques, and performance evaluation methods that are crucial for effective organisational operations. Learners will explore how to apply financial principles in practical settings, ensuring they add value to business performance.
Part of the foundational ACCA suite, this course builds expertise in cost management, budget preparation, and financial performance analysis. These skills empower learners to progress to advanced levels of study and pursue dynamic roles in financial and management accounting.
Course Objectives
Develop a solid understanding of cost classification, cost behaviour, and accounting techniques
Gain proficiency in preparing budgets and managing financial resources effectively
Master the analysis of financial performance and cost control mechanisms
Build competence in supporting financial decision-making with accurate data analysis
Learn to apply ethical considerations in cost and financial management
Upon completion, learners will possess the essential knowledge and skills to contribute effectively to cost and financial management functions, providing a robust foundation for further ACCA qualifications and a thriving career in finance.
Average completion time
1 Monthwith unlimited support
100% onlineStart anytime
Study At Your Own PaceBlended Learning
Study At Your Own PaceCourse 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 necessary. However, a basic understanding of mathematics and logical reasoning will support learners in navigating the course content effectively.
Language Proficiency: Learners should possess a good command of English, as all course materials, assessments, and interactions are conducted in English.
Interest in Business and Finance: This course is ideal for individuals keen to understand how cost and financial data drive strategic decisions and for those aiming to advance their qualifications with ACCA.
Learning Outcomes
Understand Costing Principles: Learn to identify, classify, and analyse costs, enabling effective financial planning and resource optimisation.
Develop Budgeting Skills: Gain practical expertise in preparing, managing, and forecasting budgets, emphasising their impact on organisational performance.
Evaluate Financial Performance: Master variance analysis and performance measurement techniques to assess and enhance organisational efficiency.
Build a Strong Foundation for Further Learning: Acquire essential skills and knowledge to progress to advanced ACCA qualifications, focusing on cost management and financial strategy.
Target Audience
Aspiring Accountants
Finance Assistants
Cost Analysts
Budgeting Officers
Business Analysts
Junior Finance Managers
Accounts Clerks
The Managing Costs and Finance (MA2) Course is ideal for learners seeking to enhance their skills in cost and financial management or begin their journey towards a professional qualification in finance. Below are the roles and individuals who can benefit from this course:
Course content
Key principles, concepts, and characteristics of accounting
Maintaining financial records
The regulatory framework
Elements of financial statements
Recording financial data and the flow of accounting information in the production of financial statements
Preparation of journal entries
Preparation of general ledger accounts
Sales and purchases
Cash and bank
Inventories
Tangible non-current assets and depreciation
Accrued expenses (accruals), prepaid expenses (prepayments), accrued income and deferred income
Receivables, payables, and provisions
Capital and finance costs
Bank reconciliation
Trade payables account reconciliation
Preparing a trial balance
Correction of errors using manual journal entries
Preparation of financial statements, including incomplete records
Partnership agreement
Partnership accounting records
Partnership financial statements and changes in partnership
Module 1: Accounting Principles, Concepts, and Characteristics
Module 2: Principles and Process of Double-Entry Bookkeeping
Module 3: Preparation of Journal Entries and General Ledger Accounts
Module 4: Recording Transactions and Events
Module 5: Reconciliations
Module 6: Preparing a Trial Balance and Correcting Errors
Module 7: Preparing Financial Statements
Module 8: Partnerships
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.
ACCA Salary Growth
Career Growth Stories
MPES Learning offers globally recognised courses in accounting,
Arvy Pasanting
As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons. I am very grateful of the support I was given where the skills I gained extended beyond just passing exams and learning about accounting principles - it allowed me to take on roles that benefit the wider community.
Arvy PasantingDavid Ford
I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising both their “in class” and online learning opportunities that fit around the needs of my employer, I have found them to be consummate professionals delivering first class accounting courses with support always available.
David FordAaron Allcote
As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.
Aaron AllcoteBob Beaumont
I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.
Bob BeaumontGeorge Evans
The Financial Risk Management Course at MPES was invaluable in deepening my understanding of risk assessment and mitigation strategies. The hands-on learning approach allowed me to apply new concepts directly to my work. I highly recommend it for professionals in finance.
George EvansJames Robinson
As a financial consultant, I am always seeking ways to enhance my expertise. The Investment Analysis Course at MPES exceeded my expectations, offering practical skills and knowledge that I can apply immediately in my consulting work. It's an outstanding choice for professionals in finance.
James RobinsonLaura Bennett
The Corporate Finance Course I attended at MPES was transformative. The depth of knowledge shared by the instructors and the relevance of the topics covered have directly impacted on our financial strategy. I strongly endorse this program for anyone in a leadership position in finance.
Laura BennettEmma Johnson
The Financial Modeling and Valuation Course at MPES was incredibly insightful. The practical applications and real-world examples helped solidify my understanding of complex concepts. I highly recommend this course to anyone looking to enhance their financial acumen.
Emma JohnsonACCA Roadmap
Need help with your ACCA course?
Our course advisors are here to help guide you and ensure that you choose the right course for you and your career journey.
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 Maintaining Financial Records course about?
The
course covers foundational bookkeeping concepts, focusing on recording
financial transactions and producing accurate financial statements. It equips
delegates with essential skills to manage financial records effectively,
adhering to professional standards and practices.
Q. Who should attend this course?
This
course is tailored for individuals in bookkeeping, accounts, or finance roles.
It is ideal for those aiming to improve their financial recording skills,
particularly entry-level professionals looking to build a solid foundation in
accounting.
Q. What will I learn from this course?
Delegates
will gain expertise in recording, processing, and managing financial
transactions. The course also teaches the preparation of financial statements,
ensuring compliance with accounting principles and offering valuable insights
into financial management.
Q. Can I pursue this course without prior accounting experience?
Yes,
this course is designed for beginners and does not require prior accounting
experience. It provides a comprehensive introduction to bookkeeping and
financial records, making it accessible to individuals new to the field.
Q. What career opportunities does this course offer?
Completing
this course opens doors to roles such as bookkeeper, accounts assistant, or financial
administrator. It also lays the groundwork for further ACCA studies, advancing
career growth in accounting and finance.
Q. What key skills will I develop in this course?
You will gain essential skills in recording financial transactions, maintaining accurate financial records, and understanding double-entry bookkeeping principles. The course also focuses on preparing financial statements for sole traders and partnerships.
Q. What topics are covered in this course?
The course covers areas such as the principles of accounting, the role of financial reporting, bookkeeping methods, preparation of journals and ledgers, bank reconciliations, and the extraction of trial balances.
Q. Is this course suitable for beginners in accounting?
Yes, the course is ideal for individuals who are new to accounting or finance and want to build a strong foundation in maintaining financial records. It is also suitable for those looking to formalise their bookkeeping knowledge.
Q. What type of support is available during the course?
Learners have access to tutor support, detailed course materials, and practice exercises. Additionally, resources such as online forums are available to enhance understanding and engagement.
Q. How can this course benefit my career?
Completing the Maintaining Financial Records (FA2) Course can improve your employability by equipping you with recognised accounting skills, preparing you for roles such as bookkeeper, accounts assistant, or finance administrator. It also serves as a stepping stone to advanced accounting qualifications.
Q. What is the Managing Costs and Finance (MA2) course about?
The course provides comprehensive knowledge of cost accounting and financial management principles, teaching learners to manage costs, prepare budgets, and analyse financial performance, essential for organisational decision-making and strategic planning.
Q. Who is this course suitable for?
This course is designed for aspiring Accountants, Finance Professionals, and individuals keen to develop expertise in cost management and financial planning, particularly those aiming to pursue higher-level ACCA qualifications or finance roles.
Q. Are there any prerequisites for this course?
No prior accounting or finance experience is required. However, a basic understanding of mathematics and logical reasoning, along with proficiency in English, will help learners navigate the course material effectively.
Q. How does this course contribute to a finance career?
It equips learners with essential cost and financial management skills, enabling them to support organisational decision-making and prepare for advanced ACCA qualifications, opening pathways to dynamic roles in finance and management accounting.
Q. What materials and support are provided?
Learners will receive comprehensive study materials, practical exercises, and access to professional support, ensuring a thorough understanding of cost management principles and their application in real-world scenarios.
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