Level 3 Award
in Management information
Level 3 Award could transfer 20 credits and 50% tuition fees to Level 3 Diploma programs of UKeU and/or Partner University.
Level 3 Award in Management information
The aim of this award is to develop learners’ awareness of aspects of cost and management accounting, including the purpose of management information. The unit introduces the use of ICT in the recording of management information, including its advantages and disadvantages.
Could transfer 20 credits and 50% tuition fee to the Level 3 Diploma in Accountancy of UKeU.
Learning Outcomes:
1. Understand the nature of cost and management accounting.
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1.1 Outline accounting systems used by organisations.
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1.2 Describe the purpose of management information.
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1.3 Compare cost and management accounting processes with those required for external financial reporting.
2. Be able to account for labour costs.
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2.1 Explain labour remuneration methods.
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2.2 Describe the processes for accounting for labour costs.
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2.3 Analyse trends for gross and net earnings.
3. Understand the use of Information and Communication Technology (ICT) in the recording of management information.
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3.1 Outline how ICT is used by business organisations to record management information.
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3.2 Explain factors that influence the use of ICT when recording management information.
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3.3 Explain the advantages and disadvantages of using ICT when recording management information in business organisations.
Topics:
Understand the nature of cost and management accounting.
Course Coverage
- Nature of business organisations and accounting systems.
- Difference between management and cost accounting.
- Overview of accounting for materials, labour, expenses and product costs (e.g. job costing, batch costing and process costing.)
- Difference between financial, management and cost accounting systems.
Be able to account for labour costs.
Course Coverage
- Labour Remuneration Methods
- Piece Rates
- Time Rates
- Performance Related Pay
- Profit Sharing
- Share Ownership
- Fringe Benefits
- Accounting for labor time – gross and net earnings, overtime premiums and idle time.
- Comparison of the gross and net earnings of several years of accounts; analysis of trends over time, eg identified increases/decreases, reasons why this analysis is useful.
Understand the use of ICT in the recording of management information.
Course Coverage
- Uses of ICT to include:
- Word Documents
- Spreadsheets
- Databases
- Charts, e.g. line, column, pie, scatter etc.
- Sort and Filter functions
- Calculation functions
- Commercial accounting software packages
Indicative reading list
- Atrill P & McLaney E (2018) Accounting & Finance for Non-specialists 11th Edition, Financial Times/Prentice Hall.
- Drury, JC. (2017) Management and Cost Accounting; 10th edition, Chapman and Hall.
- Fabozzi, F. (2010) The Basics of Finance: An Introduction to Financial Markets, Business Finance, and Portfolio Management. London: Wiley
Entry requirements
- Applicants must be at least 16 years old.
- Completion of full secondary education is required.
English requirements
If a learner is not from a predominantly English-speaking country, proof of English language proficiency must be provided.
- Common European Framework of Reference (CEFR) level B2 or equivalent
- Or A minimum TOEFL score of 101 or IELTS 5.5; Reading and Writing must be at 5.5 or equivalent
- Or A minimum Pearson Test of English Academic (PTE Academic) score of 51 or equivalent
The UKeU reserves the highest decision-making authority regarding admissions and may accept or reject applicants following a thorough review of each applicant’s profile, ensuring that only those capable of benefiting from the course are admitted. Qualifications from diploma mills or fake universities/institutions will not be accepted by UKeU and/or Partner University.
After graduating with Level 3 Award, learners receive all certified documents from the UKeU.
Certified Documents:
- e-Certificate from the UK eUni Worldwide (UKeU).
- Hard copy certificate from the UK eUni Worldwide (UKeU) – Optional.
- Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) certified from UKeU for credit and tuition fee transfer.
Because the course is accredited and recognized, learners can easily use their qualifications in the workplace and enjoy many opportunities for career advancement. In addition, if you wish to pursue a degree from UKeU and/or a Partner University, all credits and 50% paid tuition fees can be transferred.
The UKeU’ Level 3 Award means:
The UKeU Level 3 Award is a qualification at the foundational level and is equivalent to the following:
- Level 3 Certificate of the Regulated Qualifications Framework (RQF) in the UK
- Level 6 Certificate of the Scottish Credit and Qualifications Framework (SCQF)
- Level 3 Certificate of the Credit and Qualifications Framework for Wales (CQFW)
- Level 3 Certificate of the European Qualifications Framework (EQF)
- Level 4 Certificate of the Australian Qualifications Framework (AQF)
- Level 3 Certificate of the ASEAN Qualifications Reference Framework (AQRF)
- Level 4 Certificate of the African Continental Qualifications Framework (ACQF)
Learners can transfer all credits and 50% of their tuition fees when enrolling in UKeU and/or Partner University academic programs if they wish to pursue an academic degree.
Credits transfer:
Learners can accumulate 20 credits from the Level 3 Award course when participating in the Level 3 Diploma program. Please see the credit transfer policy HERE
Tuition fee transfer:
When enrolling in the Level 3 Diploma program, graduates from the Level 3 Award will receive a fee reduction equal to 50% of the tuition fees paid for the Level 3 Award. Please refer to the tuition fee transfer policy HERE
The UKeU Micro Degree course allows learners to transfer credits and 50% of their tuition fees toward full degree programs offered by UKeU and/or Partner University. UKeU reserves the right to limit admissions once enrollment exceeds the set quotas.
Apply Policy:
- To participate in the UKeU Micro Degree course, learners need to meet the entry criteria corresponding to each level. Please see the “Entry” tab for more details.
- UKeU will not accept applicants whose entry qualifications are from fake universities or institutions that are not accredited.
- English is not a mandatory entry requirement for Micro Degree course, but candidates need to ensure that English is used in reading documents, listening to lectures, and doing assignments. Applicants should note that English is a mandatory requirement when switching to an academic program at UKeU and Partner University.
Apply Process:
- Step 1: To request a consultation for a course that best suits your needs, please email support@ukeu.uk. Our admissions department will contact you to guide you through the required documentation and the next steps in the application process.
- Step 2: Once your application documents are approved and the application fee is paid, UKeU will issue a Letter of Acceptance (LOA). You will then follow the provided instructions, including payment of the tuition fee.
- Step 3: After the tuition fee is paid, UKeU will issue a confirmation letter, provide your login details for the e-learning system, and send you all relevant documents.
- At this point, you have officially become a UKeU student. Welcome, and enjoy your learning journey!
The UKeU Micro Degree course is fully online, allowing you to study anytime and anywhere. You also have the option to attend live classes with UKeU. Final exams will be uploaded to the system and assessed by the UKeU academic board. Learners are required to submit assignments on time; failure to do so will require payment of a resit fee (with up to two attempts allowed). Continued non-compliance on a third occasion will result in being considered as having discontinued the course, and tuition fees will not be refunded.
Pricing Plans
Take advantage of one of our non-profit professional certified programs with favorable terms for your personal growing carreers.
- Full online videos
- e-Books
- Self-study contents
- Online tutor videos
- Assignment guide
- e-Certificate
- Hard copy certificate from UKeU and/or Partner Universities
- APEL.Q certified from UKeU for credit and tuition fee transfer
- Deliver hard copy certificate and all certified documents to your home
- Transfer full credits & 50% paid tuition fees of this award to equivalent academic programs
- Opportunity to get scholarships when becoming Partner Universities' international students
(*) In the event that you receive a scholarship or discount, the fee you should transfer is the amount you actually paid.
UKeU MICRO DEGREE
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