CIMA PRO 17-BA2-X1-ENG BA2 – Fundamentals of Management Accounting Question Tutorial
This subject deals with the fundamental knowledge and techniques that underpin management accounting. It identifies the position of the management accountant within organisations and the role of CIMA. The subject portrays the role of management accounting in the contexts of commercial and public sector bodies and its wider role in society.
The identification and classification of costs and their behaviour provides the basis for understanding and applying the tools and techniques needed to plan, control and make decisions. Budgetary control requires the setting of targets and standards which then allow the performance of organisations to be reported and analysed by the calculation of variances. Investment appraisal, break-even analysis and profit maximisation are used to inform both long and short term decision making.
Course Outline
The Context of Management Accounting
- The purpose of management accounting
- The role of the Management Accountant
- The role of CIMA as a professional body for Management Accountants
Costing
- Cost identification and classification
- Absorption and marginal costing
Planning And Controlling
- Preparing budgets
- Applying variance analysis to reconcile budgeted and actual profits in a marginal format
- Financial and non-financial performance measures
- Preparing accounts and reports for managers
Decision Making
- The impact of risk
- Techniques for short-term decision-making
- Techniques for long-term decision-making
Requirements
-
Students should have basic knowledge of financial accounting.
Who this course is for:
- Undergraduate university students, Preparatory level students pursuing professional courses like CPA, CA.
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