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Diploma in Managerial and Cost Accounting - Level 3

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Diploma in Managerial and Cost Accounting - Level 3


Managerial accounting refers to the process of communicating the information of an organization to its mangers. The main aim of managerial accounting is to keep their managers well informed so that they can make effective managerial decisions to achieve the goals and objectives of the organization. Managerial accounting and cost accounting (USA standards) refers to the same process and can be used interchangeably. Managerial accounting includes all the fields of accounting in order to derive and communicate the information to the managers.

Managerial accounting is a very important aspect which decides the progress of an organization. Managerial accountants should be well educated and skilled in the managerial accounting field in order to make effective managerial decisions. Therefore, if you are a job seeker, this diploma will help you in mastering the knowledge and attributes needed to qualify you into the managerial accounting field. This diploma will also make you stand out as an eligible candidate for job positions in the managerial accounting field. Managerial accounting is practiced by almost every organization looking for progression in the industry, therefore, you can get into any reputable organization through this diploma. If you are already an employee in the managerial accounting field, this diploma will qualify you to demand job benefits such as job promotions and salary increments from the organization.

Please Note: This Course is Based on USA Standards.

Why consider 1training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain an internationally recognised qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning outcomes

  • Understand about managerial accounting and its importance.
  • Learn about planning, directing and controlling in managerial accounting.
  • Gain an understanding of cost and the key components of cost.
  • Understand product cost, period cost and the differences between them.
  • Gain an insight into the common financial statement related issues faced by manufacturers.
  • Learn about the cost of flow concept and its importance.

Access duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course.  The content will be accessible to you 24/7. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Who is this course aimed at?

This diploma course will benefit students learning accounting or finance. This diploma will benefit job seekers and employees in the accounting or finance department as well.

Entry requirements

  • You must be 16 years of age or more
  • You should have a basic understanding of numeracy, English language and ICT

Method of assessment

  • At the end of the diploma in managerial and cost accounting – level 3 program learners will take an online multiple choice question assessment test. This online multiple choice question test is marked automatically so you will receive an instant grade and know whether you have passed the course.
  • Those who successfully pass this course will be awarded a free e-certificate, and only need to pay £19 for your printed certificate.


Those who successfully complete the exam will be awarded the diploma in managerial and cost accounting – level 3 professional qualification.

Awarding body

The certificate will be awarded by CPD and iAP. This internationally recognised qualification will make your CV standout and encourage employers to see your motivation at expanding your skills and knowledge in the IT enterprise.

Progression and career path

With the successful completion of this diploma, you will be qualified for various job positions within the accounting and finance field. If you already have a job, this diploma will help you progress in your career by demanding a job offer, job transfer or a higher salary. Few of the job positions you will qualify for with this diploma, along with the average UK salary per annum according to , are given below:

  • Chief financial officer (CFO) – £99,672 per annum
  • Financial controller – £46,765 per annum
  • Accounting manager – £31,158 per annum
  • Budget analyst – £30,907 per annum

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalised learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Quizzes, tests mock exams, practice exams to ensure you are 100% ready
  • Eligible for a TOTUM discount card

Key Features

Gain an accredited UK qualification

Access to excellent quality study materials

Learners will be eligible for TOTUM Discount Card

Personalized learning experience

One year’s access to the course

Support by phone, live chat, and email

Upon the successful completion of the course, you will be awarded the “Diploma in Managerial and Cost Accounting – Level 3”.


Upon the successful completion of the course, you will be awarded the “Diploma in Managerial and Cost Accounting – Level 3”.


Course Curriculum Total Units : 10
1: Overview of Managerial Accounting
Overview of Managerial Accounting
2: Planning and Directing
Planning and Directing
3: Controlling
4: Key Components of Cost
Key Components of Cost
5: Product Cost Vs. Period Cost
Product Cost Vs. Period Cost
6: Common Financial Statement related issues faced by Manufacturers
Common Financial Statement related issues faced by Manufacturers
7: Cost of Flow Concept
Cost of Flow Concept
Mock Exam
Mock Exam : Diploma in Managerial and Cost Accounting – Level 3
Exam : Diploma in Managerial and Cost Accounting – Level 3
Certificate Download Guide
Certificate Download Guide
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