Swiss Micro Credential

Level 4 Award

in Management Accounting

Level 4 Award could transfer 20 credits and full tuition fees to Level 4 Diploma programs of SIMI Swiss.

Level 4 Award in Management Accounting

The aim of this award is to develop learners’ knowledge and skills in management accounting including the preparation of budgets, costing and the appraisal of capital expenditure.

Could transfer 20 credits and full tuition fee to the Level 4 Diploma in Accounting and Finance of SIMI Swiss.

Learning Outcomes:

1. Be able to prepare budgets for an organisation.

  • 1.1 Explain the role of budgeting as a management tool.
  • 1.2 Prepare organisational budgets accurately and within agreed timescales.
  • 1.3 Analyse budgets to assess organisational performance.

2. Be able to use standard costing techniques

  • 2.1 Explain the purpose of standard costing.
  • 2.2 Explain ideal and attainable standards.
  • 2.3 Calculate and interpret variances accurately.
  • 2.4 Explain the advantages and limitations of a standard costing system.

3. Be able to use capital expenditure and appraisal techniques.

  • 3.1 Explain key capital expenditure appraisal techniques.
  • 3.2 Calculate payback, Accounting Rate of Return (ARR),Net Present Value (NPV) and Internal Rate of Return (IRR) accurately.
  • 3.3 Evaluate capital expenditure proposals.
  • 3.4 Evaluate the significance of nonfinancial factors in the appraisal of financial decisions. 

4. Understand costing techniques.

  • 4.1 Differentiate between marginal and absorption (total) costing.
  • 4.2 Explain the features and uses of job, batch and process costing methods
  • 4.3 Explain the way in which service costing techniques are used.
  • 4.4 Explain the ways in which organisations may use cost –volume – profit analysis and the reasons for doing so.
  • 4.5 Calculate break-even points accurately.

Pricing Plans

Take advantage of one of our non-profit professional certified programs with favorable terms for your personal growing carreers.

Learn
Level 4 Award
CHF2,490
  • Full online videos
  • e-Books
  • Self study contents
  • Online tutor videos
  • Assignment guide
  • e-Certificate
Recognized
Hard copy certified
CHF200
  • Hard copy certificate
  • Accreditation & Recognition certified from University Partners
  • Deliver hard copy certificate and all certified documents to your home
Transfer
SIMI Swiss
-CHF2,490
  • Transfer full credits & tuition fees to equivalent academic programs
  • Get more support tuition fees and scholarships when becoming SIMI Swiss' international students
  • (*) In the event that you receive a scholarship or discount, the fee you should transfer is the amount you actually paid.
SWISS MICRO CREDENTIAL

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