F2 Management Accounting (MA)
THE SECRET TO EXAM SUCCESS
The feature of this paper is MTQ (Multy-Task Questions): three 10 marks questions making up 30% of the paper covering budgeting, standard costing and performance management areas. Make sure you allow enough focus to those areas.
No matter which format of the exam you choose (paper based or CBE), you need to make sure that your cover the whole syllabus and do enough practice to be able to tackle questions in a very limited time.
To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context.
The syllabus for Paper FMA/F2, Management Accounting, introduces candidates to elements of management accounting which are used to make and support decisions.
The syllabus starts by introducing the nature, the source and purpose of cost accounting and the costing techniques used in business which are essential for any management accountant.
The syllabus then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and
controlling business costs. The syllabus concludes with an introduction to measuring and monitoring the performance of an organisation.
On successful completion of this paper, candidates should be able to:
- Explain the nature, source and purpose of management information
- Explain and apply cost accounting techniques
- Prepare budgets for planning and control
- Compare actual costs with standard costs and analyze any variances
- Explain and apply performance measurements and monitor business performance
- Lectures 16
- Quizzes 2
- Duration 15-25 hrs
- Skill level All levels
- Language English
- Students 16
- Certificate Yes
- Assessments Self
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