MQF/EQF LEVEL 5

Award in Principles of Financial Accounting

Table of Contents

The Award in Principles of Financial Accounting equips students with the core principles and practices of financial accounting. It delves into fundamental accounting techniques, focusing on how business transactions and events are meticulously recorded, processed, and ultimately reported. Students will gain hands-on experience by preparing financial statements and conducting high-level analyses to glean valuable insights. Additionally, this award explores the consolidation process, guiding students in creating simple consolidated financial statements from the individual statements of group-affiliated entities.

Learners will learn how to:

  • Apply double-entry accounting and the accounting equation to record transactions
  • Prepare and correct trial balances, including the use of a suspense account
  • Draw conclusions using qualitative characteristics of financial information
  • Create consolidated financial statements for subsidiaries and associated entities
  • Analyse inter-linkages between financial statements and understand profitability, liquidity, resource efficiency, and financial position concepts

 

Awarding Body

This qualification is awarded by Central Mediterranean Business School (CMBS).

Accrediting Body

This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems the Award in Principles of Financial Accounting to be at Level 5 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.

Entry Requirements

To be eligible for the programme, candidates must hold any one of the following requirements:

  • Diploma pegged at MQF Level 4 or equivalent in a relevant field
  • Matriculation certificate with at least 2 A-levels and 3 Intermediates
  • Matsec certificates with 4 passes at Grade 5 or better
  • Relevant work experience

Non-native English speakers must also have an English qualification such as CEFR or IELTS 5.5.

To determine your eligibility, at CMBS, we assess many factors including your education, career progression, and leadership and entrepreneurship qualities. If you do not meet the standard entry requirements and are adequately prepared to succeed in this programme, we welcome and encourage you to contact us for an interview.

Mode of Assessment

The Award in Principles of Financial Accounting will be assessed through the use of an exam, an individual project and a reflective journal. 

Who is this course for?

This course is intended for those who are aged 18+ and aspire to work or are already working in the finance field.

Delivery

Face-to-face

Language

This programme will be delivered in English.

Location

Key Info

Duration

2 Months

Starting

June 2024

Credits

12 ECTS/ECVET

Full Price (EU Students)

€995
Up to €697 refunded via the Get Qualified Scheme.

Have questions?

Email us at admissions@cmbs.edu.mt or call on +356 9912 1110 to learn more.

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