CIMA Certificate in Business Accounting

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Course overview

This international qualification is ideal for people who are new to the world of business qualifications because it offers a solid grounding in the basics of management accounting, financial accounting and business. It is also a stepping stone towards the CIMA Professional Qualification. It will introduce you to the concept of management accounting and the quantitative analysis and forecasting techniques used by Chartered Management Accountants.

Leaning Outcomes

It will ensure you understand the regulatory framework for accounting, how accounts are prepared, the professional values and ethical standards expected of accountant and the economic environment in which organisations operate. Successful completion of the CIMA certificate in Business Accounting demonstrates your understanding of the fundamentals of business accounting. It will provide you with a route into many varied business areas.

Qualification

NQF Level 6

Duration

1 year contact time

Entry Requirements

Competency in Mathematics and English

Core Modules

CO1 Fundamentals of Management Accounting

This syllabus aims to test student’s ability to:
Explain and use concepts and processes to determine product and service costs
Explain direct, marginal and absorption costs and their use in pricing
Apply cost-volume-profit (CVP) analysis and interpret the results
Apply a range of costing and accounting systems
Explain the role of budgets and standard costing within organizations
prepare and interpret budgets, standard costs and variance statements.

CO2 Fundamentals of Financial Accounting

Explain the conceptual and regulatory framework of accounting
Explain the nature of accounting systems and understand the control of such systems
Prepare and interpret accounts for a single entity
Calculate and interpret simple ratios.

CO3 Fundamentals of Business Mathematics

Demonstrate the use of basic mathematics, including formulae and ratios
Identify reasonableness in the calculation of answers
Demonstrate the use of probability where risk and uncertainty exist
Apply techniques for summarising and analyzing data
Calculate correlation coefficients for data and apply the technique of simple regression analysis;
Demonstrate techniques used for forecasting;
Apply financial mathematical techniques;
Apply spreadsheets to facilitate the presentation of data, analysis of univariate and abivariate data and use of formulae.

CO4 Fundamentals of Business Economics

Distinguish the differing goals of organisations and identify how these differing goals affect the decisions made
by managers
Illustrate how market economies function and identify the reasons for and impacts of government involvement in economic activities
Identify the role of financial institutions and markets in the provision of short and long term finance to individuals, businesses and governmental organisations
Identify how macroeconomic variables and government economic policies affect the organisation.

CO5 Fundamentals of Ethics, Corporate Governance
and Business Law

Discuss the framework of professional values, ethics and attitudes for exercising professional judgement
and acting in an ethical manner, that is in the best interests of society and the profession
Explain the need to comply with the CIMA and IFAC ‘Codes of Ethics for Professional Accountants’
Explain the importance of good corporate governance and the evolution of good practice
Explain fundamental aspects of the organisation and operation of the English legal system and compare
and contrast it with other legal systems explain the elements of the tort of negligence and the manner in which the tort impacts upon professional advisers
Explain the essential elements of a simple contract,
Explain the essential differences between sole traderships, partnerships and companies limited by
shares
Explain the way in which companies are administered financed and managed
Apply legal knowledge to solve business problems

Accreditation

This is an international qualification licensed by CIMA, UK

Please Note:

• Although great care is taken to ensure accuracy of the information on this site, please confirm all important details including dates and fees at time of registration.

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