Programme modules

There are 10 modules available in the programmme. We will advise you which modules are relevant to you to be eligible more membership at Associate or Tax Associate level.

Financial practices, techniques and tools

Exploration of financial practices, techniques and tools used in accounting is the focus of these four modules giving you a solid foundation of basic principles. You will be acquainting yourself with the key topics most accountants practice regulatory, such as credit management control and analysis of financial statements.

103 Principles of taxation
In this module, you will look at taxation practices, legislation and the different types of tax. There is a focus on personal tax, what is required and the surrounding legislation. You will also explore other areas and factors that may affect taxation levels, such as income tax, benefits and capital gains tax.

104 Credit management and control
In business, companies very rarely use cash to pay for assets or products. As most organisations use credit, it is crucial to maintain a respectable credit rating. In this module, you will look at credit management control and how to manage credit flow from paying on time to monitoring liquidity.

107 Financial statements, internal controls and systems in a business environment
As an introduction, this module will teach you the fundamentals of accounting. You will look at key topics such as profit and loss sheets, solving balance sheets and even an introduction into budgeting and costing.

108 Budgeting in a business environment
In this module, you will cover the bases of successful budgeting in relation to sales and production. In addition to the overview of budgeting practice, you’ll cover the critical processes, including creating and implementing budgets and comparing/monitoring results.

Management, legislation and governance

These four modules require you to work at a higher level. You will begin building your knowledge and understanding of basic financial practices. You will enter the management arena and begin to focus on the role of leadership within accounting. Operating from a business point of view, you’ll focus strongly on the role of the accounting profession, legislation and governance

201 Management information
Informed decision-making is an essential factor in business success. Therefore, you will learn how to identify the key features of effective performance management systems, select appropriate performance measures and calculate differences between actual performance and standards or budgets.

203 Law for accounting
An entirely theoretical module, you’ll learn how to implement due diligence in both the macro and micro environment. You’ll understand how to operate within the legal remit, affecting precision and reliability to a high standard as an accountant. As businesses constantly enter contracts, you’ll also learn the basics of contract law and assess how the law impacts you as an accountant.

208 Business finance
Working at an organisational level, you will study the theories and tools of finance and their relevance and application to practical problems within business. This module teaches you about the various finances businesses deal with, including loans, equity and venture capital.

209 Financial reporting
Looking at sole traders, partnerships and limited companies. You’ll learn how to apply double entry principles in recording transactions, adjust financial records and formulate non-complex financial statements. As preparation for a role within a business setting, you’ll also learn how to specify the components of financial statements and prepare and present non-complex records.

Assurance and advanced taxation

With these two modules you will experience broader strategic thinking on the application of models and theoretical concepts. You will be required to bring about rational and sensible conclusions in a confidently manner and make sound recommendations and effectively manage decision making. You will understand the importance of ethical behaviour for a professional accountant. You’ll explore issues relating to integrity, objectivity, conflict of interest, confidentiality and independence.

301 Assurance
This module is centred on the assurance process and fundamental principles of ethics. You’ll learn the concept of assurance and why it is required in accountancy.

302 Advanced taxation
You will expand your knowledge of complex topics of taxation. You’ll critically analyse issues such as the process for calculating income tax, national insurance contributions, capital gains tax, inheritance tax, taxation of trust, stamp taxes, corporation tax and value added tax (VAT) in a variety of scenarios.