Overview
The purpose of this qualification is to prepare a learner to operate as a Management Accountant. Management Accountants are business strategists who link the objectives of organisation’s boards to the rest of the organisations. They guide critical business decisions, help to create sustainable business success and help their organisations to grow. Management accountants provide the analysis which managers need to understand the economics of a business’s operations, and they play a key role in the management of organisational performance and risk. Qualifying learners will be able to perform a variety of financial management tasks for organisations in all sectors of the economy.
Objectives
The qualification equips professionals with the skills and knowledge needed to provide financial insights and strategic guidance to an organization
Exit Learning Outcomes
- Provide information on areas of economic activity relevant to an organisation’s decisions and apply within this context the numerical techniques to support such decisions.
- Provide direction on the efficient management and interaction of organisational structure and operational functions to achieve the organisational strategy.
- Manage implementation of organisational strategy through people, processes and relationships.
- Create and articulate the vision and direction for the growth and long-term sustainable success of the organisation, including successfully managing and leading change within the process of strategy formulation and implementation.
- Identify and classify costs and cost behaviour and apply budgetary control measures.
- Prepare organisational budgets and provide advice regarding products and services, taking into consideration production costs, drivers of costs, sales volumes and prices as well as the short-term risks associated with all of these.
- Analyse, plan and manage costs to support the implementation of the organisation’s strategy and assess investment decisions and their associated risks.
- Identify, evaluate and manage various risks that could adversely affect the implementation of the organisation’s strategy.
- Prepare financial statements within a conceptual and regulatory framework.
- Manage working capital and analyse financial statements which have been prepared using appropriate international financial reporting standards to facilitate business decision making.
- Use consolidated financial statements to analyse performance and position and source the long-term finance required to fund the operations of organisations, particularly their capital investments.
- Formulate and implement a financial strategy to support the objectives of the organisation.
- Apply ethical values in the context of corporate governance and company administration.
Outline
- Strategic Management, Level 8, 36 Credits.
- Risk Management, Level 8, 36 Credits.
- Financial Strategy, Level 8, 36 Credits
Methodology
- The knowledge and practical modules will be delivered in a hybrid format, combining both online and in-person classes.
- The work experience module must be delivered in person
Senior executives such as CFOs and CEOs, accounting professionals who want a full management accounting qualification, degree holders who want a professional accounting qualification and individuals that have completed the first three qualifications leading to management accountant qualification
Management Accounting Practitioner, Level 7
Recognition of prior learning (RPL)
12 Months
- R60 000 (instalment option is available)
- Check FASSET website for bursaries
Email any of the following:
Faith@thakocapital.co.za
Korolosof@gmail.com
info@thakocapital.co.za