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Isobel Wroath, James Patrick, Krutika Adatia, and Gillian Logue

Did you enjoy the Introduction to Management Accounting course? Want to learn more about costing techniques and cash management? Look no further, this is the course for you.

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Did you enjoy the Introduction to Management Accounting course? Want to learn more about costing techniques and cash management? Look no further, this is the course for you.

Intermediate Management Accounting is designed to build on the fundamentals introduced in the introductory course. This course delves deeper into the preparation, processing and presentation of cost information that supports planning and decision making.

This course is especially beneficial if you want to:

* Expand your knowledge on how to use accounting concepts to aid decision making

* Obtain the knowledge to undertake a role as a management accounting administrator

* Prepare for ACCA’s exam in Managing Costs and Finance (MA2)

If you are new to management accounting, we’d recommend you start with the Introduction to Management Accounting course. If you have prior knowledge or have already completed the introductory course, start learning right away.

Course update:

To coincide with syllabus changes coming into effect from 20th September 2023 onwards, ACCA-X will be releasing a new version of this course on 28th August 2023. This new version will include technical content and question updates relevant to the 2023/2024 syllabus.

It is therefore important to ensure you enrol onto the correct version of the course. Detailed syllabus information is available within the course and can also be found here

The course does not offer an edX certificate but you can earn a certificate by sitting the relevant ACCA exam.

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What's inside

Learning objective

In this course you will build on the knowledge and understanding on the key aspects of cost and management accounting including cash management.

Syllabus

The syllabus for this course will cover the following:
* Management information
* Cost recording
* Costing techniques
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* Decision making
* Cash management

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Strengthens an existing foundation for intermediate learners
Taught by Isobel Wroath, James Patrick, Krutika Adatia, and Gillian Logue, who are recognized for their work in management accounting
Helps learners expand their knowledge on how to use accounting concepts to aid decision making
Provides the knowledge to undertake a role as a management accounting administrator
Examines cost and management accounting aspects, including cash management, which are standard in the industry
Prepares learners for ACCA’s exam in Managing Costs and Finance (MA2)

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Intermediate Management Accounting with these activities:
Review Horngren's Cost Accounting
Expand your knowledge on cost accounting principles
Show steps
  • Read the relevant chapters covering cost recording and costing techniques
  • Complete the end-of-chapter exercises and review the solutions
Solve Cost Allocation and Absorption Problems
Strengthen your problem-solving skills in cost management
Show steps
  • Practice allocating costs using different methods (e.g., activity-based costing, direct costing)
  • Calculate absorption rates and apply them to determine product costs
Join a Study Group for Cash Management
Collaborate with peers to enhance your understanding of cash flow analysis
Show steps
  • Find a study group or create your own with classmates
  • Meet regularly to discuss course material, work on assignments together, and prepare for exams
Four other activities
Expand to see all activities and additional details
Show all seven activities
Create a Cost Flow Diagram
Enhance your ability to visualize and analyze cost flows
Show steps
  • Choose a business scenario or case study
  • Map out the steps involved in the production process
  • Identify the different types of costs incurred at each step
  • Create a diagram representing the flow of costs through the process
Participate in a Decision-Making Simulation
Develop your analytical and decision-making skills in a simulated environment
Show steps
  • Attend a workshop or simulation event organized by your university or professional organizations
  • Work in teams to analyze business scenarios and make strategic decisions
  • Reflect on the decision-making process and evaluate your choices
Attend an Industry Conference on Management Accounting
Connect with professionals in the field and stay updated on industry trends
Show steps
  • Research and identify relevant conferences
  • Attend sessions and workshops on topics covered in the course
  • Network with other attendees and explore potential career opportunities
Contribute to a Financial Modeling Project
Apply your knowledge in a practical setting and gain experience in financial analysis
Show steps
  • Find an open-source financial modeling project on platforms like GitHub or Kaggle
  • Review the project documentation and contribute by adding new features, improving existing models, or fixing bugs

Career center

Learners who complete Intermediate Management Accounting will develop knowledge and skills that may be useful to these careers:
Cost Accountant
As a Cost Accountant, you will analyze and interpret cost data to help organizations make informed decisions. Intermediate Management Accounting is a highly recommended course as it deepens your understanding of cost recording, costing techniques, and decision making, all essential skills.
Treasury Analyst
As a Treasury Analyst, you will manage the financial assets and liabilities of an organization. Intermediate Management Accounting may be helpful as it provides a comprehensive understanding of cash management, a core responsibility of Treasury Analysts.
Chief Financial Officer
As a Chief Financial Officer, you will manage the financial activities of an organization. Intermediate Management Accounting can provide a valuable foundation as it covers cost recording, costing techniques, decision making, and cash management - all important aspects of a CFO's role.
Controller
As a Controller, you will be responsible for the day-to-day financial operations of an organization. Intermediate Management Accounting can enhance your skillset as it provides comprehensive knowledge in cost recording, costing techniques, and cash management.
Operations Manager
As an Operations Manager, you will oversee the day-to-day operations of an organization. Intermediate Management Accounting can greatly assist you as it covers cost recording, costing techniques, and decision making, giving you a strong understanding of the financial implications of your operational decisions.
Forensic Accountant
As a Forensic Accountant, you will investigate financial crimes and provide expert testimony in legal proceedings. Intermediate Management Accounting is recommended as it enhances your understanding of cost recording, costing techniques, and decision making, aiding in the analysis of complex financial data.
Tax Accountant
As a Tax Accountant, you will prepare and file tax returns for individuals and organizations. Intermediate Management Accounting can be an excellent resource as it covers decision making and cash management, areas that are relevant to tax planning and compliance.
Risk Manager
As a Risk Manager, you will identify, assess, and mitigate risks faced by an organization. Intermediate Management Accounting may be helpful as it provides a strong foundation in decision making and cash management, valuable skills for evaluating and managing risks.
Management Consultant
As a Management Consultant, you will advise organizations on how to improve their performance. Intermediate Management Accounting may be useful as it provides a foundation in decision making and cost management, valuable skills for analyzing and solving business problems.
Financial Planner
As a Financial Planner, you will help individuals and organizations plan and manage their finances. Intermediate Management Accounting may be helpful as it covers key concepts in financial planning, such as cash management and decision making.
Budget Analyst
As a Budget Analyst, you will develop and manage budgets for organizations. Intermediate Management Accounting may be useful as it delves into cost recording and costing techniques, essential knowledge for creating and managing budgets.
Underwriter
As an Underwriter, you will assess and evaluate risks associated with insurance policies. Intermediate Management Accounting may be helpful as it provides a foundation in decision making and cash management, valuable skills for understanding and pricing insurance risks.
Auditor
As an Auditor, you will examine an organization's financial records to ensure that they are accurate and compliant with regulations. Intermediate Management Accounting can help prepare you for this role as it provides a deep dive into the preparation, processing, and presentation of cost information, something that is routinely scrutinized during audits.
Financial Analyst
As a Financial Analyst, you will provide investment advice and recommendations to clients. Intermediate Management Accounting may be useful as it provides a solid foundation in financial analysis and decision making.
Accountant
As an Accountant, you will provide assurance and consulting services to help organizations improve their financial performance. Intermediate Management Accounting may be useful as it helps you build a foundation in the preparation, processing, and presentation of cost information that supports planning and decision making. This is a vital skill that employers often look for in Accountants.

Reading list

We've selected six books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Intermediate Management Accounting.
Known for its practical approach, this book good resource for students who want to learn how to apply management accounting concepts and techniques in the real world. It provides numerous examples and case studies that illustrate how management accounting is used in practice.
Provides advanced coverage of management accounting topics, including cost and management accounting, and valuable reference tool for professionals in the field.
Textbook on cost and management accounting. It is written in a clear and concise style, and is packed with examples and case studies.

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