Entry Requirements
School leaving standard of education is recommended. It would be an asset to have an O’Level in the subject. Applicants who do not present certification of prior study in the subject will be required to sit for a level check to determine the appropriate course level.
For online lessons, learners need to have an understanding on how to use a computer.
Duration
30-week course with 3 contact hours per week
Learning Outcomes
Expected learning outcomes for this course inlcude:
Knowledge
- Understand key roles in accounting: financial, cost and management accounting, and auditing.
- Demonstrate knowledge of:
o Accounting concepts (e.g., accruals, going concern, prudence).
o Financial statements (e.g., profit or loss, changes in equity, cash flows).
o Types of business entities (sole trader, partnerships, companies, non-profits).
o Costing principles and inventory valuation (FIFO, AVCO).
o Budgeting, variance analysis, and performance measurement.
o International Financial Reporting Standards (e.g., IAS 1, 2, 7, 16, 36, 38, IFRS 3).
o Ratios for evaluating profitability, liquidity, and efficiency.
Skills
- Prepare complete financial statements for various business types.
- Prepare published accounts in compliance with IAS 1 formatting.
- Apply control accounts and correct accounting errors using journals and suspense accounts.
- Perform bank reconciliations and interpret cash flows.
- Apply depreciation methods and understand asset impairment.
- Handle budgeting tasks (functional and master budgets).
- Use costing techniques: job, process, marginal, and absorption costing.
- Calculate and analyse standard costing variances (materials, labour, overheads).
- Perform ratio analysis to interpret financial health.
- Make informed decisions using management accounting tools (e.g., make or buy, break-even).
Competences
- Evaluate financial and management data for strategic business decision-making.
- Apply accounting standards and local legislation to practical scenarios.
- Communicate accounting information accurately and clearly in professional contexts.
- Exercise sound judgement in selecting and applying accounting techniques.
- Work independently and collaboratively on financial tasks and projects.
- Demonstrate ethical awareness in financial reporting and management.
Delivery Method
Online Lessons
Certification/Award
Certificate issued by MATSEC
Progression to Further Education
After successfully completing this course, learners may continue studying the subject or pursue related pathways at tertiary level.
Additional Note
“This is a revision course for learners sitting for the MATSEC Advanced Level examination. The educator is therefore not required to deliver the entire syllabus issued by the MATSEC Examinations Board. https://www.um.edu.mt/matsec/syllabi
“
Exam
Register through the MATSEC website
Language of instruction
Bilingual