ACCA Diploma in Financial and Management Accounting (RQF Level 3)

Unit: Managing Financial Records (MA2)

The aim of this unit is to develop a knowledge and understanding of how to prepare, process and present basic cost information to support management in planning and decision-making in a variety of business contexts.

Entry requirements:

You will be required to have completed ACCA (RQF Level 2) Diploma in Financial and Management Accounting.

Length of unit     12 weeks (not including exam)


Study options   (Weekday) 5.30 pm to 8.30 pm  


                        (Saturday 9.30 am to 12.30 pm)


Duration of session      3 hours


Cost of unit                   £250

Cost includes: Classroom structured tuition, all study resources, additional on-line support, full mock assessment.


Additional cost: Exam booked with external exam centre. Current price approximately £90


Assessment method: Computer based exam. 50 multiple choice / computational questions. 2 hours in length. Pass mark 50%


ACCA membership: To be eligible to study any ACCA qualification you must be a fully paid member of the association. Costs will be quoted on the ACCA website.


Qualification Attained: To attain the full RQF Level 3 Diploma in Financial and Management Accounting you will be required to complete the Management Information unit (FA2).





Check through this list of questions and if you answer 5 or more with a Yes response then this may be the course for you.

  1. Have you successfully completed a recognised Level 2 Accounting course? (Mandatory Yes answer)
  2. Are you comfortable using a computer?
  3. Would you like to acquire the skills and knowledge required to be employed in an accounting role?
  4. Are you currently employed in an accounts position and require a qualification to support your work experience?
  5. Are you returning to work in an accounting environment and need to refresh your understanding of accounts at Level 3?
  6. Would you like to change your existing work role to develop your accounting skills to become a fully qualified accountant through ACCA?
  7. Are you able to attend every session of the course?
  8. Are you punctual?
  9. Do you feel comfortable working with numbers?
  10. Are you able to travel to the course premises in Liverpool without any difficulty?

Is this the right course for you?

Syllabus Content: On successful completion of this unit, candidates should be able to:


  • Explain the role of costing within the organisation and how costs are classified
  • Describe and record costs by classification
  • Explain and apply cost accounting techniques
  • Use management accounting techniques to make and support decision-making
  • Explain principles of cash management