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ACCA Diploma in Financial and Management Accounting
(RQF Level 2)


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About this course: Our ACCA Level 2 Diploma in Accounting course introduces you to the core fundamental principles of recording financial transactions along with the basic principles of management accounting. This qualification is part of ACCA’s Foundations in Accountancy suite of qualifications. 

This qualification prepares you for roles such as accounts assistant, bookkeeper, ledger assistant, sales ledger clerk, accounts payable clerk, petty cashier, payroll assistant, etc. It also prepares you to progress to our ACCA Level 3 Diploma in Financial and Accounting course.

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No previous accounting experience/qualifications required to enrol for this course.


Who is it for? This course is an ideal starting point if you are seeking a career in accounting. 

Study Method: You can start this course immediately via Online Distance Learning (learn at your own pace and convenience with full tutor support from us). Apply online and enrol in six easy steps (click to see Enrolment page for details). See below for fees and other details.


Duration: 5-10 months (depends on how many hours you can dedicate to your studies every week); approximately 20 hrs/week (full-time) or 10 hrs/week (part-time).


Accreditation: This course is fully accredited by the ACCA - UK. ACCA’s qualifications are recognised internationally by the employers.  


How much does it cost?


Course Fees: £280 (Introductory price for enrolments up to August 2024).

0% Interest monthly payment plan available*:  First payment of £70 during enrolment, followed by 3 equal monthly payments of £70 each (by direct debit mandate only). 

*Subject to credit check verification and direct debit mandate. Available only to individual learners residing in the UK; not available when fees are funded by your employer/business.


Fees include:

  • Pre-recorded lectures and revision videos for the two subjects via our online classroom for 10 months to help you learn the accounting concepts and prepare for your exams.

  • Four books (Kaplan Study Text and Kaplan Exam Kit per subject) to help you apply the accounting concepts you have learnt and prepare for your exams. Free delivery within Great Britain (if you reside outside Great Britain you will receive access to eBooks instead at no extra cost, or you can request printed books with additional delivery charges).

  • Dedicated tutor support for 10 months via email/text/WhatsApp/phone/online meetings.


Fees DO NOT include:

  • ACCA student registration and membership fees

  • ACCA assessment fees for two exams


For details and a full cost breakdown please request our ACCA Course Specifications booklet via email ( or WhatsApp (+44 7460 105 190)


14 days "No Quibbles, Money Back" assurance (see details )

Complete our online application form

What will you learn?

After completion, you will be able to process cash and bank transactions; process sales and purchases; maintain sales and purchase ledger accounts and manage receivables and payables.

You will also be able to do reconciliations and prepare your trial balance. Finally, you will learn to process basic journal entries (also called double entries) and correct errors.

The management accounting subject helps you to understand the cost recording techniques and systems.

The course is made up of two subjects: 


  • FA1 – Recording Financial Transactions 

  • MA1 – Management Information

Additionally, to gain the qualification you will also have to complete a module (Professionalism and Ethics Module) on self-study basis through your ACCA student login. This module is to be completed only once throughout your ACCA Level 2, Level 3 and Level 4 study. 



FA1 – Recording Financial Transactions 


On successful completion of this exam, candidates should be able to:

  1. Describe types of business transactions and documentation

  2. Explain the duality of transactions and the double entry system

  3. Summarise the banking system and transactions

  4. Process payroll transactions

  5. Prepare general ledger accounts

  6. Record cash and bank transactions

  7. Record sales and credit transactions

  8. Record purchases and credit transactions

  9. Perform reconciliations

  10. Prepare the trial balance

MA1 – Management Information

On successful completion of this exam, candidates should be able to:

  1. Explain the nature and purpose of cost and management accounting

  2. Identify the transaction processing systems in a costing system and correctly code data

  3. Classify costs by nature, behaviour and purpose

  4. Account for material, labour and other expenses

  5. Use spreadsheets in Microsoft Excel

Complete our online application form

How will you be assessed?


You will be assessed through two computer-based assessments which can be taken at any ACCA CBE exam centre or remotely as well. You can check your exam options here:

What are the study options?


You can study at your own pace and convenience with full tutor support through online distance learning, also known as “home study”, “self-study” or “correspondence” course. 

What resources do we provide?

We provide you with all the study material (online videos, printed books/eBooks that contain activities and practice assessments plus online activities, etc.) you will need to prepare for your exams.

What are the entry requirements?

This is an open qualification and there are no formal qualifications required.


However, you need to have good literacy, numeracy and IT skills. This requirement can be supported in many ways, including:

• Your recent GCSE English and Maths grades.
• Any other relevant qualification completed in the UK that can support the levels of literacy and numeracy required.
• Your relevant work experience (including voluntary work) that can support the levels of literacy and numeracy required.


You also need to have good IT equipment (a desktop or a laptop) with high speed broadband connectivity to access the online videos and online sample assessments.

Complete our online application form

What is the progression path?


You can progress to our ACCA Level 3 Diploma in Accounting course. Please check with us for available study options when you are ready to progress.

As for your career progression, you can look forward to being employed as an accounts assistant in an accounts/finance department. You can also work in roles such as bookkeeper, ledger assistant, sales ledger clerk, accounts payable clerk, petty cashier, payroll assistant, etc. You can continue your further studies while working to achieve a good balance of work experience with academic studies.


The syllabus for this qualification has been based on the information published by the ACCA (Association of Chartered Certified Accountants). For a detailed syllabus and guidance for this qualification please refer to the information available on ACCA's website:

We have tried to summarise the information available but cannot be held responsible for any omission or inconsistency.

Updated: April 2024

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