Intermediate Management Accounting from edX

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.

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

* 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)

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

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Expand your knowledge on cost accounting principles

View Financial Accounting, eBook, Global Edition on Amazon

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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

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Strengthen your problem-solving skills in cost management

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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

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Collaborate with peers to enhance your understanding of cash flow analysis

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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

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Create a Cost Flow Diagram

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Enhance your ability to visualize and analyze cost flows

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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

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Develop your analytical and decision-making skills in a simulated environment

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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

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Connect with professionals in the field and stay updated on industry trends

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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

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Apply your knowledge in a practical setting and gain experience in financial analysis

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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.

See salaries and explore the career path for Cost Accountant

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.

See salaries and explore the career path for Treasury Analyst

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.

See salaries and explore the career path for Chief Financial Officer

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.

See salaries and explore the career path for Controller

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.

See salaries and explore the career path for Operations Manager

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.

See salaries and explore the career path for Forensic Accountant

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.

See salaries and explore the career path for Tax Accountant

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.

See salaries and explore the career path for Risk Manager

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.

See salaries and explore the career path for Management Consultant

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.

See salaries and explore the career path for Financial Planner

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.

See salaries and explore the career path for Budget Analyst

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.

See salaries and explore the career path for Underwriter

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.

See salaries and explore the career path for Auditor

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.

See salaries and explore the career path for Financial Analyst

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.

See salaries and explore the career path for Accountant

Intermediate Management Accounting

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