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CIMA : Fundamentals of Management Accounting- BA2

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Study method
10 hours · Self-paced
Access to content
12 months
CIMA Certificate in Business and Accounting
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Additional info
  • Exam(s) / assessment(s) not included in price, and must be purchased separately
  • Tutor is available to students


Fundamentals of Management Accounting- BA2

The ideal course for anyone interested in pursuing a career in management accountancy!

This unit Management Accounting BA2 is another stop in your journey to become certified in Business Accounting, your ultimate CIMA Certification Qualification. Having successfully completed the fundamentals of Business Economics, this unit portrays you on the fundamental Management Accounting concepts which will not only lead you to the CIMA qualification but also gain valuable insights on hands-on experience required for employment in the industry.

As any field or industry requires some form of accounting, this unit Management Accounting (BA2) will lay the foundation knowledge required to compete in any industry with respect to Finance and Accounting. Then when considering the fact that Accountants need to be managed by mangers, this unit Fundamentals of Management Accounting (BA2) also underpins the skills essential to become accounting managers.

With 100% online support we can grantee you successful completion of this unit which will lay the foundation for CIMA certification.


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CIMA Certificate in Business and Accounting

Course media



  • Acquire the techniques and knowledge of fundamental accounting
  • Learn the role of management accounting in a public or commercial sector
  • Gain the relevant skills to plan, control and make decisions
  • Identification and classification of costs and their behaviour


BA3 Fundamentals of Financial Accounting

Chapter 1 - Accounting for management

  • Introduction
  • Management Accounting
  • Definition
  • Objectives Of Management Accounting
  • Nature And Scope Of Management Accounting
  • Limitations Of Management Accounting
  • The Global Management Accounting Principles
  • Data And Information
  • What Makes Good Information?
  • The Different Levels Of Planning
  • Comparison Of Management Accounting With Financial Accounting
  • CIMA’s Professional Standards

Chapter 2 - Cost classification and behaviour

  • CIMA’s Professional Standards
  • Direct & Indirect Cost
  • Manufacturing & Non-Manufacturing Cost
  • Product & Period Cost
  • Job & Process Cost
  • Cost Behaviours
  • Fixed Costs
  • Variable Costs
  • Mixed Costs

Chapter 3 - Semi variable costs

  • High-Low Method
  • Regression
  • The Correlation Coefficient
  • Coefficient Of Determination

Chapter 4 - Accounting for overheads

  • Introduction
  • Absorption Of Overheads
  • Reapportionment Of Service Cost Centre Overheads

Chapter 5 - Absorption costing

  • Absorption Costing Income Statement
  • The Effect Of Absorption And Marginal Costing On Inventory Valuation And Profit Determination
  • Comparison On Impacts Of Inventory On Net Profit
  • Why Are There Two Systems?
  • Calculation Of Fixed Manufacturing Overhead Absorption Rate (OAR)

Chapter 6 - Marginal costing

  • The Contribution Concept
  • Marginal Costing Income Statement

Chapter 7 – Cost plus pricing

  • Introduction
  • Full Cost-Plus Pricing
  • Marginal Cost-Plus Pricing

Chapter 8 – Budgeting

  • Functional Budgets
  • Master Budget
  • Cash Budget
  • Fixed Budget
  • Flexible Budget
  • Flexed Budget

Chapter 9 - Variance analysis

  • Standard Costing
  • Sales Variance
  • Material Variances
  • Labor Variances
  • Variable Overhead Variances
  • Fixed Overhead Expenditure Variance
  • Format

Chapter 10 - Performance measurement

  • Mission
  • Objectives
  • Critical Success Factors
  • Performance Indicators And Key Performance Indicators

Chapter 11 - Financial performance measurement

Chapter 12 - Non-financial performance measurement

  • Financial Performance Measurements
  • Non-Financial Performance Measurement
  • Service Industries

Chapter 13 – Integrated cost accounting

Chapter 14 – Probability

  • Introduction
  • Simple Probabilities
  • Joint Probabilities
  • Expected Values
  • Advantages And Disadvantages Of Expected Values

Chapter 15 - Measures of average and of dispersion

  • Introduction
  • Variables
  • Frequency Distribution
  • Measures Of Average
  • Measures Of Dispersion

Chapter 16 - The normal distribution

  • Introduction
  • Characteristics Of The Normal Distribution
  • Rules

Chapter 17 – Break-even analysis

  • Introduction
  • Components Of Break-Even Analysis
  • Calculation Of Break-Even Analysis
  • Margin Of Safety
  • Contribution To Sales Ratio
  • Break-Even Chart
  • Profit-Volume Chart

Chapter 18 - Limited factor analysis and make or buy decisions

  • Introduction
  • Limited Factor Analysis
  • Six-Step Approach
  • Limitations
  • Make Or Buy Decisions

Chapter 19 – Interest

  • Introduction
  • Simple Interest
  • Compound Interest
  • Effective Rate
  • Discounting
  • Annuities
  • Perpetuities

Chapter 20 - Investment appraisal

  • Introduction
  • Net Present Value
  • Internal Rate Of Return
  • Payback Period

Syllabus Structure

  • The Context of Management Accounting
  • Costing
  • Planning and Control
  • Decision Making


This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Foundation Level qualification should also successfully pass this test.

Exam Details

This is a computer-based test. The test is made up of multiple choice, number entry and drag and drop question formats. Objective Test

  • Format – Computer-Based
  • Duration – 120 minutes
  • BA2 - 60 objective test questions

(A score of 100 out of 150 will represent a Pass)

Objective tests - GBP95 (Tier 1 per exam)

Please Note : Official Exam is not provided, It should be purchased separately

Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices.

Access Duration

You will have 12 Months access to your online study platform from the date you purchased the course. The course is self-paced so you decide how fast or slow the training goes. You can complete the course in stages revisiting the training at any time.


Upon the successful completion of the unit Fundamentals of Management Accounting- BA2, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Certificate in Business Accounting (CIMA Cert BA).

Who is this course for?

  • School leavers
  • Small business owners
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy


The BA2 – Fundamentals of Management Accounting does not require formal entry-level qualifications. Learners must be over the age of 16 and have basic knowledge in Mathematics, ICT and English Language.

Career path

Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the 3 modules in the CIMA Foundation Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment.

Questions and answers

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Noreen asked:

Do I need a student bank account to have a Totum card?


Dear Noreen, Thank you for your query. Upon registration to the course you will receive a voucher which will enable you to obtain the TOTUM card. You are not required to have a student bank account for this facility. Hope this helps. Please feel free to contact if you have any further clarifications, we will be happy to assist. Regards, Student Support Team

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