England
Where do you live?
What you will study
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describe the three main functions of accounting -
know where to find the rules used in your organisation to govern financial management -
explain the role of management accounting in supporting the managers of a business to make financial decisions.
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define what a budget is -
know the difference between top-down and bottom-up budgeting -
explain the advantages and disadvantages of alternative approaches to budgeting -
explain and use flexible budgeting -
understand some behavioural aspects of budgeting -
apply these ideas on budgeting to your own area of responsibility.
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explain the difference between expenses and costs -
classify cost items according to their behaviour -
recognise the importance of understanding the cost structure of your organisation or business unit -
make decisions based on relevant costs -
identify the opportunity costs of the choices you make.
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use absorption costing to calculate the cost of a product -
describe several methods for allocating indirect costs to cost objects.
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describe the importance of controlling costs in any organisation -
recognise how budgetary control fits into an organisation’s system of control -
explain what are favourable and adverse variances -
describe how flexible budgeting enables a different analysis of variances from the plan.
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define cash flow and explain why it is important to manage it -
recognise the structure of a basic cash flow forecast -
use a cash flow forecast in planning and decision-making -
apply these ideas to your own area of responsibility.
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identify three different techniques for evaluating the financial aspects of projects or investments -
explain the time preference of money -
identify the theory behind choosing the discount rate to use in a project or investment evaluation.
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adopt different strategies for price-setting -
calculate the break-even point for a product.
You will learn
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explain the strengths and weakness of the budgeting process -
apply some rules of thumb to controlling a budget -
explain different types of cost and calculate the break-even point for a product -
understand the importance of cash flow and create simple cash flow forecasts -
ask better questions of the management accountants who support you in your role -
apply alternative techniques for evaluating the financial aspects of projects and investments.
Teaching and assessment
Study support
Assessment
Course length
What's included
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a unit-by-unit study planner -
course-specific learning materials and exercises -
study support -
practice-based assignment
Regulations
Entry requirements
Computing requirements
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Primary device – A desktop or laptop computer with at least 8 GB of RAM and a quad-core processor (2.4 GHz minimum speed). It’s possible to access some materials on a mobile phone, tablet or Chromebook; however, they will not be suitable as your primary device -
Operating systems – Windows 11 or the latest supported macOS. -
Internet access – Broadband or mobile connection. -
Browser – Google Chrome and Microsoft Edge are recommended. Mozilla Firefox and Safari may be suitable.
If you have a disability
Course fee
| Start | England fee |
|---|---|
| At anytime before 31/07/2026 | £250 |
