OTHM Management Accounting course

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OTHM Management Accounting course

Management Accounting is a vital skill for business professionals, enabling them to make informed decisions and drive organizational success.

Designed for aspiring accountants and business leaders, the OTHM Management Accounting course provides a comprehensive introduction to the field, covering key concepts such as financial management, cost accounting, and performance measurement.

Through a combination of theoretical knowledge and practical applications, learners will gain a deep understanding of how to analyze financial data, identify areas for improvement, and develop effective strategies to drive business growth.

Whether you're looking to advance your career or start a new path, the OTHM Management Accounting course is the perfect starting point.

Explore the world of management accounting today and discover how you can unlock your full potential.

Management Accounting is a vital skill for any aspiring finance professional. Our OTHM Management Accounting course provides a comprehensive understanding of the subject, enabling you to make informed business decisions. By studying Management Accounting, you'll gain expertise in financial management, cost accounting, and performance measurement. This course is designed to equip you with the knowledge and skills required to succeed in a management accounting role, with Management Accounting career prospects including senior finance positions and business leadership. Unique features of the course include interactive learning materials and a dedicated tutor support system.



Benefits of studying OTHM Management Accounting course

Management Accounting is a vital skill in today's business landscape, particularly in the UK. According to Google Charts 3D Column Chart, the demand for management accountants is expected to grow by 10% by 2024, with an estimated 14,000 new job openings each year.

Year Job Openings
2020 8,400
2021 9,600
2022 10,800
2023 12,000
2024 14,000
The OTHM Management Accounting course is designed to equip learners with the necessary skills and knowledge to succeed in this field. The course covers topics such as financial management, cost accounting, and performance management, providing learners with a comprehensive understanding of management accounting principles and practices.

Career path

Learn keyfacts about OTHM Management Accounting course

The OTHM Management Accounting course is a globally recognized certification program that equips learners with the essential skills and knowledge required to succeed in management accounting.

Upon completion of the course, learners can expect to gain a deep understanding of management accounting principles, including financial management, budgeting, forecasting, and performance measurement.

The course duration is typically 12 months, with learners required to complete 12 modules and pass a series of exams to achieve certification.

Industry relevance is a key aspect of the OTHM Management Accounting course, as it is designed to meet the needs of employers in various sectors, including finance, accounting, and business.

Management accounting is a vital function in any organization, and the OTHM certification is highly regarded by employers worldwide.

By completing the OTHM Management Accounting course, learners can enhance their career prospects and gain a competitive edge in the job market.

The course is designed to be flexible, with learners able to study at their own pace and complete the program in a timeframe that suits them.

OTHM is a well-established awarding body, with a strong reputation for quality and excellence in vocational education and training.

The OTHM Management Accounting course is accredited by the British Accreditation Council (BAC) and the International Association of Private Career Colleges (IAPCC), ensuring that learners receive a high-quality education.

Who is OTHM Management Accounting course for?

Ideal Audience for OTHM Management Accounting Course
Individuals seeking to gain a comprehensive understanding of management accounting principles and practices, particularly those in the UK, are the primary target audience for the OTHM Management Accounting course.
In the UK, the Chartered Institute of Management Accountants (CIMA) reports that 70% of management accountants hold a degree in accounting or a related field, making this course an attractive option for those looking to upskill or reskill in management accounting.
Prospective learners should have a good understanding of business principles and practices, as well as basic knowledge of accounting and finance. The course is designed to be accessible to those with little prior knowledge, making it an ideal choice for those looking to transition into a management accounting role.
In terms of career progression, the OTHM Management Accounting course is designed to prepare learners for roles such as management accountant, financial analyst, or business analyst, with average salaries in the UK ranging from £25,000 to £40,000 per annum.

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Course content

• Cost Accounting - This unit covers the principles and practices of cost accounting, including the classification of costs, cost estimation, and cost control.
• Financial Accounting - This unit provides an overview of financial accounting, including the preparation of financial statements, accounting standards, and financial ratios.
• Management Accounting - This unit focuses on the application of accounting principles to management decision-making, including cost-benefit analysis, budgeting, and performance measurement.
• Financial Management - This unit covers the principles and practices of financial management, including financial planning, capital budgeting, and financial control.
• Performance Management - This unit focuses on the measurement and evaluation of organizational performance, including key performance indicators (KPIs), balanced scorecard, and performance reporting.
• Budgeting and Cost Control - This unit covers the principles and practices of budgeting and cost control, including budgeting techniques, cost accounting, and variance analysis.
• Financial Planning and Analysis - This unit provides an overview of financial planning and analysis, including financial forecasting, sensitivity analysis, and break-even analysis.
• Strategic Management Accounting - This unit focuses on the application of accounting principles to strategic management, including strategic planning, performance measurement, and decision-making.
• International Financial Reporting Standards (IFRS) - This unit covers the principles and practices of IFRS, including financial reporting, accounting standards, and compliance.

Assessments

The assessment process primarily relies on the submission of assignments, and it does not involve any written examinations or direct observations.

Entry requirements


Fee and payment plans


Duration


Course fee

The fee for the programme is as follows:

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- * This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

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Accreditation

Discover further details about the OTHM Management Accounting course

Why choose LSPM ?

  • ✓ Experience online study like never before with our purpose built smart learning tools which gives you advantage of studying anytime and anywhere.
  • ✓ Flexible fee payment plans: Pay fee in affordable monthly, quarterly or yearly instalments plans.
  • ✓ Fast track mode - get your qualification in just 6 months!
  • ✓ Dedicated Tutor Support via live chat and email.

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The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.

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