MA/FMA Management Accounting (Formerly F2)

Course Contents:
 
A The nature, source and purpose of management information 
1. Accounting for management 
2. Sources of data 
3. Cost classification 
4. Presenting information 
 
B Data analysis and statistical techniques 
1. Sampling methods 
2. Forecasting techniques 
3. Summarising and analysing data 
4. Spreadsheets 
 
C Cost accounting techniques. 
1. Accounting for material, labour and overheads 
2. Absorption and marginal costing 
3. Cost accounting methods 
4. Alternative cost accounting principles 
 
D Budgeting 
1. Nature and purpose of budgeting 
2. Budget preparation 
3. Flexible budgets 
4. Capital budgeting and discounted cash flow 
5. Budgetary control and reporting 
6. Behavioural aspects of budgeting
 
E Standard costing 
1 Standard costing system 
2. Variance calculations and analysis 
3. Reconciliation of budgeted and actual profit 
 
F Performance measurement 
1. Performance measurement - overview 
2 Performance measurement - application 
3 Cost reductions and value enhancement 
4. Monitoring performance and reporting