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
|
