EduTray Private Limited
No rights reserved. No part of this publication may be reproduced, stored or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of EduTray Private Limited.
These materials are reviewed by the deliciated quality team. The objective of the review is to ensure that the material properly covers the syllabus and study guide outcomes in the appropriate breadth and depth. The review does not ensure that every eventuality, combination or application of examinable topics is addressed.
The publishers do not accept responsibility for any loss caused by acting or refraining from acting in reliance on the material in this publication, whether such loss is caused by negligence or otherwise to the maximum extent permitted by law.
The syllabus for Management Accounting (MA)/(FMA), introduces candidates to elements of management accounting which are used to make and support decisions. The syllabus starts by introducing the nature, the source and purpose of management information followed by the statistical techniques used to analyse data. To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.
Then the syllabus addresses cost accounting and the costing techniques used in business which are essential for any management accountant. The syllabus then looks at the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business activities. The syllabus concludes with an introduction to measuring and monitoring the performance of an organisation.
The broad syllabus headings are;
The nature, source and purpose of management information
Data analysis and statistical techniques
Cost accounting techniques
Knowledge level exams are all computer-based exams. The Management Accounting is assessed by a two-hour exam. The pass mark is 50%. All questions in the exam are compulsory.
The exam format will comprise of two sections. Questions will assess all parts of the syllabus. The examination will consist of:
Number of marks
Section A – Thirty-five 2-mark questions
Section B – Three 10-mark questions