Award in Fundamentals of Management Accounting
| Program start date | Application deadline |
| 2025-05-01 | - |
Program Overview
The Award in Fundamentals of Management Accounting from CMBS equips learners with core principles and techniques in cost accounting, budgeting, and financial analysis. Through exams, projects, and reflective journals, students gain insights into cost management, decision-making, and career opportunities in the finance industry, including management accounting, financial analysis, and cost accounting. The program is offered in a two-month format, starting in May 2024.
Program Outline
Degree Overview:
The Award in Fundamentals of Management Accounting provides learners with a comprehensive understanding of the fundamental principles and techniques of management accounting. This program equips learners with essential tools for insightful planning, effective control, and informed decision-making within businesses.
Objectives:
Learners will gain the ability to:
- Apply cost accounting techniques to facilitate informed decision-making.
- Create traditional and flexible budgets and correlate them with their behavioral implications.
- Measure and calculate costs across various elements, types, and behaviors.
- Apply cost-volume-profit (CVP) analysis to conduct break-even analysis in business.
- Develop forecasts and budgets to strategise and oversee cost management and contribution.
Assessment:
The Award in Fundamentals of Management Accounting is assessed through a combination of:
- Individual Project: A practical project that allows learners to apply their knowledge and skills to a real-world scenario.
- Reflective Journal: A journal where learners reflect on their learning journey and demonstrate their understanding of the program's concepts.
Careers:
This course is intended for individuals aged 18+ who aspire to work or are already working in the finance field. It provides a foundation for careers in:
- Management Accounting: Analyzing and interpreting financial data to support decision-making within organizations.
- Financial Analysis: Evaluating financial performance, identifying trends, and providing insights to stakeholders.
- Cost Accounting: Tracking and managing costs, optimizing resource allocation, and improving efficiency.
Other:
- Awarding Body: Central Mediterranean Business School (CMBS)
- Accrediting Body: Malta Further and Higher Education Authority (MFHEA)
- Level: Level 5 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
- Delivery: Face-to-face & Work-based Learning
- Language: English
- Location: Central Mediterranean Business School, The Brewhouse, Mdina Road, Zone 2, Central Business District, Birkirkara CBD 2010, Malta
- Duration: 2 Months
- Starting: May 2024
- Credits: 12 ECTS/ECVET
- Full Price (EU Students): €995 (Up to €697 refunded via the Get Qualified Scheme)
Central Mediterranean Business School (CMBS)
Overview:
Central Mediterranean Business School (CMBS) is a further and higher education institution located in Malta. It offers a range of undergraduate and postgraduate programs, as well as sixth-form programs, designed to prepare students for the workplace. CMBS emphasizes a practical, industry-driven approach to education, with a focus on developing students' leadership and management skills.
Services Offered:
Courses:
- CMBS offers a wide variety of courses across various fields, including business management, leadership, finance, human resources, healthcare, sports, hospitality, technology, real estate, culture, transport, and construction.
Faculty:
- CMBS boasts a team of experienced and passionate lecturers who bring real-world experience to the classroom.
Funding:
- CMBS offers funding opportunities through the Get Qualified Scheme, which can cover up to 70% of course fees.
Flexible Payment Terms:
- CMBS provides a "study now, pay later" option to make its courses more affordable.
Childcare:
- CMBS offers a free on-campus childcare service for student parents during lecture hours.
Student Life and Campus Experience:
The provided context does not offer details about student life and campus experience at CMBS.
Key Reasons to Study There:
Industry-Driven Curriculum:
- CMBS focuses on practical, industry-relevant skills, preparing students for real-world challenges.
Experienced Faculty:
- CMBS boasts a team of experienced and passionate lecturers who bring real-world experience to the classroom.
Flexible Learning Options:
- CMBS offers flexible learning options, including part-time and online courses, to accommodate students' busy schedules.
Funding Opportunities:
- CMBS offers funding opportunities through the Get Qualified Scheme, making its courses more accessible.
Free Childcare:
- CMBS provides a free on-campus childcare service for student parents, offering peace of mind and support.
Academic Programs:
CMBS offers a range of academic programs, including:
Undergraduate Diplomas:
- CMBS offers undergraduate diplomas in various fields, such as HR Management.
Master of Business Administration (MBA):
- CMBS offers MBA programs in various specializations, including HR Management and Educational Leadership.
Awards:
- CMBS offers various awards in areas such as Basic Economics for Managers, Operations Management, Information Management in Business, Essentials for Managing People, Advanced Employment Law, Organisational Behaviour, Performance Management, and Mental Health at the Place of Work.
Advanced Diplomas:
- CMBS offers advanced diplomas in fields such as Accounting Finance, and Computer Science.
Other:
CMBS is licensed as a further and higher education institution with the Malta Further and Higher Education Authority. It is a learning partner with Coventry University, ACCA, and Learners University College organisations.
Entry Requirements:
- Diploma pegged at MQF Level 4 or equivalent in a relevant field: This means that applicants must have a diploma that is recognized as being equivalent to Level 4 on the Malta Qualifications Framework (MQF). This could include diplomas from other countries that are recognized as being equivalent to MQF Level 4.
- Matriculation certificate with at least 2 A-levels and 3 Intermediates: This means that applicants must have a Matriculation certificate, which is a qualification awarded by the University of Malta, with at least 2 A-levels and 3 Intermediates.
- Matsec certificates with 4 passes at Grade 5 or better: This means that applicants must have Matsec certificates, which are qualifications awarded by the Malta Qualifications Framework (MQF), with 4 passes at Grade 5 or better.
- Relevant work experience: This means that applicants may be considered for admission if they have relevant work experience, even if they do not meet the other entry requirements.
Language Proficiency Requirements:
- **Non-native English speakers must also have an English qualification such as CEFR or IELTS 5.5.
