ACCA December Lectures for March Exams (MA-Management Accounting (Fundamental, Applied Knowledge))
About This Course
The Management Accounting (MA) module introduces students to the role of management accountants in planning, controlling, and decision-making processes within an organization. It covers key aspects of cost behavior, budgeting, performance evaluation, and short-term decision-making. This course helps students understand how to use financial data to support business operations and strategy.
Learning Objectives
Understand the principles of cost accounting and the behavior of costs in relation to business activities.
Prepare and analyze different types of budgets and forecast future financial performance.
Use cost-volume-profit (CVP) analysis to make decisions on pricing, product mix, and break-even analysis.
Understand the methods of costing, including absorption and marginal costing, and how to apply them to various business scenarios.
Evaluate business performance using key performance indicators (KPIs), variance analysis, and financial control systems.
Make short-term decisions based on financial data, including pricing decisions, make-or-buy decisions, and product discontinuation.
Requirements
- Basic understanding of financial accounting principles (e.g., FA – Financial Accounting).
- Access to ACCA-approved study materials and relevant practice questions.
- Commitment to attending lectures, engaging in discussions, and completing practical exercises.
Target Audience
- ACCA candidates pursuing the Applied Knowledge Level qualification.
- Aspiring management accountants, financial analysts, and business managers.
- Students and professionals looking to understand cost management and decision-making processes within organizations.
- Entrepreneurs and managers who wish to improve financial decision-making and resource allocation in their businesses.
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