Duration: 14 weeks
Management Information, introduces candidates to basic costing principles and techniques and the tools with which to use these principles and techniques
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Description
SAVE an additional 10%OFF!!! Bundle this with FA1: Recording Financial Transactions to achieve: Introductory Certificate in Financial and Management Accounting
AIM
To develop knowledge and understanding of providing basic management information in an organisation to support management in planning and decision-making.
RATIONALE
The syllabus for paper MA1, Management Information, introduces candidates to basic costing principles and techniques and the tools with which to use these principles and techniques The syllabus starts by introducing business organisations and the specific role of management accountant within the organisation. The next section deals with cost classification followed by the identification of sources of information and coding, to ensure that cost information is properly classified. The syllabus then introduces basic techniques for recording costs.
It finally introduces candidates to spreadsheets as an important tool in supporting cost and management accounting.
DETAILED SYLLABUS
A The nature and purpose of cost and management accounting
1. Nature of business organisation and the accounting systems
2. Nature and purpose of management information
B Source documents and coding
1. Sources of information
2 Coding system
C Cost classification and measurement
1. Cost classification and behaviour
2 Cost units, cost centres, profit centres and investment centres
D Recording costs
1. Accounting for materials
2. Accounting for labour
3. Accounting for other expenses
4 Accounting for product costs
E Spreadsheets
1 Spreadsheets overview
2 Creating and using spreadsheets
3 Presenting and printing spreadsheet data/information
APPROACH TO EXAMINING THE SYLLABUS
The syllabus is assessed by a two hour computerbased or paper based examination. Questions will assess all parts of the syllabus and will include both computational and non computational elements. The examination will consist of 50 two-mark questions.
Prerequisites
None, open access. If you are starting out in accounting and finance or already working in finance but have no formal qualifications, you can start your journey with ACCA at our foundations level.
Related Courses
To achieve : Introductory Certificate in Financial and Management Accounting, also take these courses:
- Recording Financial Records (FA1) and Foundations in Professionalism
