Aim
To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context.
Main capabilities
On successful completion of this paper, candidates should be able to:
A Explain the nature, source and purpose of management information
B Explain and apply cost accounting techniques
C Prepare budgets for planning and control
D Compare actual costs with standard costs and analyse any variances
E Explain and apply performance measurements and monitor business performance.
1 |
Accounting for management
|
2 |
Sources of data
|
3 |
Cost classification
|
4 |
Presenting information
|
5 |
Accounting for materials
|
6 |
Accounting for labour
|
7 |
Accounting for overheads
|
8 |
Absorption and marginal costing
|
9 |
Job and batch costing
|
10 |
Process costing
|
11 |
Service/operation costing
|
12 |
Alternative cost accounting
|
13 |
Nature and purpose of budgeting
|
14 |
Statistical techniques
|
15 |
Budget preparation
|
16 |
Flexible budgets
|
17 |
Capital budgeting and discounted cash flows
|
18 |
Budgetary control and reporting
|
19 |
Behavioural aspects of budgeting
|
20 |
Standard costing systems
|
21 |
Variance calculations and analysis
|
22 |
Reconciliation of budgeted and actual profit
|
23 |
Performance measurement overview
|
24 |
Performance measurement application
|
25 |
Cost reductions and value enhancement
|
26 |
Monitoring performance and reporting
|
Dr. Glen Brown
Dr Glen Brown is the President & CEO of Global Financial Engineering and Global Accountancy Institute,Inc.
He is also a Senior Lecturer in all our Professional Accountancy Qualifications.