Award in Accounting and Financial Management Essentials – MQF 5, 2 ECTS

Key Information

	Campus		Level		Format
	LEAD Training Services		Award MQF 5		Live Webinars
	Duration		Pace		Fees
	1 month		Part Time		€ 550
	Application Deadline		Start Date		Assessment
	Dec 2023		Jan 2024		Assignment

About this Course

This is an Accredited Course by the Malta Further & Higher Education Authority (MFHEA), at MQF/EQF Level 5, with 2 ECTS. The Award in Accounting and Financial Management Essentials will help students to understand the basics of accounting due to the nature of their role and tasks. This short course will provide learners with the basic understanding of key principles of accounting and financial management.

Target Audience

This course has been designed for those professionals who wish to learn the essentials of accounting procedures. It is an essential course for those who are managing a company or a department, so that they will have the basic and essential skills in accounts. Other individuals who may benefit from this course:

• Human Resources Managers and officers
• Business Administration Executives
• Payroll Coordinators
• C-Level, Senior and Middle Managers

Learning Outcomes

By the end of the course, students will be better able to:

• Understand basic accountancy jargon and terminology
• Have a general knowledge on how to read statements and contents
• Understand the annual accounts of a company
• Understand and apply the essential numerical skills required for bookkeeping and accounting;
• Understand and explain the relationship between the accounting equation and double-entry bookkeeping;
• Record transactions in the appropriate ledger accounts using the double-entry bookkeeping system;
• Develop and maintain a Fixed Asset Register;
• Balance off ledger accounts at the end of an accounting period;
• Prepare a trial balance, balance sheet and a profit and loss account;
• Prepare office management related budgets;
• Prepare financial reconciliations (Bank and Payroll Reconciliations).

Awarding Body

This qualification is awarded by LEAD Training Services. This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems this Award in Accounting and Financial Management Essentialsto be at MQF/EQF Level 5 with 2 ECTS in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.

Entry Requirements

Applicants should hold:

• Minimum of MQF/EQF Level 5 of Education (Commerce Related) OR minimum of 3 years work experience in Business Administration.
• This course welcomes individuals from the legal age of 18 onwards.
• Maturity Age is set at 23 years (no academic entry requirements are required for students over 23 years of age)

This course welcomes individuals from the legal age of 18 onwards.

If an applicant does not meet the above entry requirements, you are encouraged to contact the Academy for an interview.

Duration & Mode of Attendance

This part-time course is made up of 5 evening sessions which are split over 5 days.

Assessment Mode

At the end of the course, students will be presented with the assignment questions, where students have four or five questions and need to choose three. The total word count for the total assignment is 3,000 words. Students need to submit the assignment as per the submission date on the assignment questions document provided. Grading: The assignment questions will be corrected and students must achieve a pass mark of at least 50 marks, in order to be given a certification.

How You’ll Learn

This course will be delivered via live online webinars. The course trainers will be visible on screen via a professional webinar platform, through which students can follow the trainer presenting live, whilst also using a PowerPoint presentation and sharing other resources as necessary. Students will be able to interact with the trainer by sending questions or comments through the same webinar platform. The course will also make use of:

• Online Presentations
• Video Lecturing;
• Q&A via online course forum;
• Online Q&A with Educator (Trainer).

The above are considered to be contact hours as all of the above will be under control of the instructor. Language of Instruction & Delivery Mode This programme will be delivered in English and as Live Online Webinars via ZOOM.

Course Funding Schemes

This course is eligible for individual funding through these schemes: GET QUALIFIED SCHEME Candidates can benefit from a 70% rebate of the course fee via tax credits. Learn more about this scheme TRAINING PAYS SCHEME (TPS) Candidates can benefit from a 75% rebate of the course fee. Learn more about this scheme>>