Overview

CIMA's Diploma in Management AccountingThe Operational Level focusses on short-term decision-making. You'll be able to work with others in your organisation and use appropriate data and technology to translate medium-term decisions into short-term actionable plans.E1 Managing Finance in a Digital WorldA. Role of the finance functionB. Technology in a digital worldC. Data and information in a digital worldD. Shape and structure of the finance functionE. Finance interacting with the organisationWhat do you learn in E1?The central role that finance plays in an organisation, and how and why technologies used impact the finance function.How to use and examine data collected and processed by machines to create and preserve value for organisations.How the finance function is structured and shaped, and how it interacts with other parts of the organisation to achieve the objectives of the whole organisation.P1 Management AccountingA. Cost Accounting for decision and controlB. Budgeting and budgetary controlC. Short-term commercial decision makingD. Risk and uncertainty in the short termWhat do you learn in P1?Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.F1 Financial ReportingA. Regulatory environment of financial reportingB. Financial statementsC. Principles of taxationD. Managing cash and working capitalWhat do you learn in F1?Who the regulators are, what they do and why and how regulations are applied.How to prepare basic financial statements using financial reporting standards.How to distinguish between types of taxes, calculate corporation taxes and issues affecting taxation.What tools are used to ensure that the organisation has enough cash to ensure its continuing operations.Operational Level Case StudyThe Operational Level Case Study Examination provides the simulated role of an entry-level finance professional, which allows candidates to demonstrate that they have acquired the required knowledge, skills, techniques and mindset for that role.

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