MA/FMA – Management Accounting

Course Description

FMA/MA aims to develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in varieties of business contexts in different ways by managing finance within an organisation with the aim of enhancing business performance.

The syllabus is designed as such that introduces candidates to elements of management accounting which are used to make and support decisions.

It 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. As it goes along, preparation and use of budgeting and standard costing and variance analysis are introduced as essential tools for planning and controlling business costs. Furthermore, it comprises the sequence of introduction to measuring and monitoring the performance of an organization, which is widely covered in the later papers.

This course will lead candidates to progress through three discrete levels; Introductory, Intermediate and Advanced. Progressive related papers are PM (Performance Management) and APM (Advanced Performance Management)

Learning Outcome

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 analyse any variances
• Explain and apply performance measurements and monitor business performance

Certification

You won’t get a certificate for completing this course but it helps to form a strong foundations for the Progressive Papers in Applied Skills and Strategic Levels.

Course feature

• Lectures : 30
• Progress Test: 03
• Duration: 3 Month
• Skill level: Knowledge
• Language: English
• Students: 20
• Certificate :No
• Mock Test: 01