Management Accounting
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Overview
Management Accounting
This unit Management Accounting which is part of CIMA qualification in diploma in Management Accounting provides you an in-depth understanding of the management activities and principles associated with Accounting. Costing factors as well as risks and uncertainties engrained in accounting entities are covered with this course.
With Management being one of the key components in accounting arena you will learn all the skills necessary to not just pass the exam but also the skills and knowledge required for hands on industrial experience in the work place.
Curriculum
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1: Accounting for Management 11:00
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2: Cost Classification and Behaviour 03:00
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3: Semi Variable Costs 02:00
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4: Accounting for Overheads 04:00
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5: Absorption Costing 05:00
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6: Marginal Costing 03:00
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7: Activity Based Costing 06:00
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8: Limiting Factor Analysis and Throughput Accounting 09:00
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9: Joint Product Costing 09:00
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10: Other Costing Issues 08:00
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11: Linear Programming 06:00
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12: Standard Costing and Basic Variance Analysis 06:00
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13: Advanced Variances 09:00
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14: Budgeting 12:00
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15: Forecasting Techniques 09:00
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16: Risk and Uncertainty 12:00
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17: Relevant Costing 09:00
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18: Cost Volume Profit Analysis 11:00
Course media
Description
Syllabus Structure
- Cost Accounting for decision and control
- Budgeting and budgetary control
- Short term commercial decision making
- Risk and uncertainty in the short term
COURSE CURRICULUM
Chapter 1 - Accounting For Management
- Introduction
- The Definition Of Management Accounting
- 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 Main Managerial Processes
- The Different Levels Of Planning
- Comparison Of Management Accounting With Financial Accounting
Chapter 2 - Cost Classification And Behaviour
- Cost Classification
- Cost Behaviours
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
- Introduction
- Absorption Costing Income Statement
- The Effect Of Absorption And Marginal Costing On Inventory Valuation And Profit Determination
- Calculation Of Fixed Manufacturing Overhead Absorption Rate (OAR)
Chapter 6 - Marginal Costing
- Introduction
- The Contribution Concept
Chapter 7 - Activity Based Costing
- Introduction
- ABC Cost Hierarchy
- Strengths / Weaknesses Of ABC Costing
Chapter 8 - Limiting Factor Analysis And Throughput Accounting
- Limited Factor Analysis
- Six-Step Approach
- Limitations
- Theory Of Constraints And Throughput
- Throughput Accounting
- Formula And Ratios
- TPAR –Throughput Accounting Ratio
- Benefits And Drawbacks
Chapter 9 - Joint Product Costing
- Definition And Meaning Of Joint Products
- Accounting Treatment For Joint Products
- Accounting Treatment For By-Products
- Physical Unit Basis
- Market Value Basis
- Net-Realisable Value Approach
Chapter 10 - Other Costing Issues
- Introduction
- Costing Of Digital Products
- CGMA’s Cost Transformation Model
- Digital Costing Systems
Chapter 11 - Linear Programming
- Introduction
- Linear Programming
- Slack
- Shadow (Or Dual) Prices
Chapter 12 - Standard Costing And Basic Variance Analysis
- Introduction
- Standard Costs
- Uses Of Standard Costing
- Limitations Of Standard Costing
- McDonaldisation
- Variance Analysis
- Analysis Of Variances
Chapter 13 - Advanced Variances
- Introduction
- Planning And Operational Variances
- Sales Mix Variances
- Activity Based Costing Variances
Chapter 14 - Budgeting
- Introduction
- Functional Budgets
- Cash Budget
- Fixed Budget
- Flexible Budget
- Flexed Budget
- Behavioral Aspects
- Methods Of Budgeting
- Budgeting In A Digital Age
Chapter 15 - Forecasting Techniques
- Introduction
- Semi Variable Costs
- High-Low Method
- Regression Analysis
- Time Series Analysis
Chapter 16 - Risk And Uncertainty
- Introduction
- Risk Vs. Uncertainty
- Risk Profiles
- Decision Making Techniques (Risk And Uncertainty)
- Expected Values
- Decision Rules
- Decision Trees
- Sensitivity Analysis
- Standard Deviation
Chapter 17 - Relevant Costing
- Introduction
- Relevant Costing
- Relevant Costs And Irrelevant Costs
- Shutdown Problems
- Make Or Buy Decisions
Chapter 18 - Cost Volume Profit Analysis
- Introduction
- Components Of Break-Even Analysis
- Calculation Of Break-Even Analysis
- Margin Of Safety
- Contribution To Sales Ratio
- Target Profit
- Break-Even Chart
- Profit-Volume Chart
- Multi Product CVP Analysis
- Limitations of CVP Analysis
Who is this course for?
- School leavers
- Students or members of other professional bodies
- Undergraduates and graduates
- Anyone with an interest in pursuing a career in management accountancy
Requirements
CIMA certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level [level 4]
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 Level Certificate. Companies worldwide, irrespective of their size require the services and knowledge of management accountants.
Questions and answers
Do you get a, certificate, at end of this, course
Answer:Dear Jonathan, Thank you for your query. Upon the successful completion of the unit Management Accounting, 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 Diploma in Management Accounting (CIMA Dip MA). Best Regards, Student Support Team
This was helpful.I don't have a degree and have not passed AAT Level 4, I have been working as a QBE accountant for 30 years, could I do this course ?
Answer:Dear Emma, Thank you for contacting us. Kindly note that there are no formal pre-requisites to follow this course and anyone can enrol in this course. I hope this was helpful. If you require any further clarification, please do not hesitate to contact us, we will be happy to assist. Learner Support Team – Global Edulink
This was helpful.After i take this course What is the next level/unit of the CIMA business certificate?
Answer:Dear Wesley, Thank you for your query. Upon successful completion of this course you will receive the opportunity to follow the remaining 3 modules in the CIMA Foundation Level Certificate , which will bring you one step closer to a career in business and finance. Hope this answers your concerns. Please contact us if you require further clarification. Best regards, Learner Support Team, Global Edulink
This was helpful.
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