Simplified Costing Course 2020|ACCA F5|APM|CA|CMA|Grad|PG
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- Certificate of Completion
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- Management Accounting
- Cost Analysis
- Marginal and Absorption costing
- Direct and Indirect Cost
- ABC Costing
- Standard Costing
- High Low and Learning Curve
- How to Calculate Variances
- Planning and Operational Variances
- CVP Analysis - Calculations
- Decision Trees and Value of Information
- Elasticity of Demand, Demand Equation and MR MC Approach
- Factors Affecting Price and Demand
- Limiting Factor Analysis and Outsourcing
- Production Planning with Limiting Factor
- Relevant Costing
- Analyzing Financial Performance Indicators
- Balanced Scorecard
- Building Block Model
- Transfer Pricing
- Costing or Management Accounting : Basic Knowledge
The syllabus for Performance Management (PM), builds on the knowledge gained in Management Accounting (MA) and seeks to examine candidates’ understanding of how to manage the performance of a business.
It also prepares candidates for more specialist capabilities which are covered in Advanced Performance Management (APM). The syllabus begins by focusing on the information needs, technologies and systems required by organisations to manage and measure performance in the modern, competitive environment.
It is vital for an accountant to understand how information systems and developments in technology influence the management accounting techniques employed and how vital information systems are in the mechanisms of managing and controlling an organisation.
The syllabus then introduces more specialized costing and management accounting topics. There is some knowledge assumed from Management Accounting (MA) – primarily overhead treatments. The objective here is to ensure candidates have a broader background in management accounting techniques. The syllabus then considers decision making.
Candidates need to appreciate the problems surrounding scarce resource, pricing and make-or-buy decisions, and how this relates to the assessment of performance. Risk and uncertainty are a factor of real-life decisions and candidates need to understand risk and be able to apply some basic methods to help resolve the risks inherent in decision-making.
Budgeting is an important aspect of many accountants’ lives. The syllabus explores different budgeting techniques and the problems inherent in them. The behavioral aspects of budgeting are important for accountants to understand, and the syllabus includes consideration of the way individuals react to a budget. The preparation of fixed, flexible and incremental budgets is assumed knowledge from Management Accounting (MA).
Standard costing and variances are then built on. All the variances examined in Management Accounting (MA) are assumed knowledge in Performance Management (PM). Mix and yield variances, and planning and operational variances are explored here and the link is made to performance management. It is important for accountants to be able to interpret the numbers that they calculate and ask what they mean in the context of performance.
The syllabus concludes with performance measurement and control. This is a major area of the syllabus. Accountants should appreciate the importance of both financial and non financial performance measures in management and should also appreciate the difficulties in assessing performance in divisional businesses and the problems caused by failing to consider external influences on performance. This section leads directly to Advanced Performance Management (APM).
- association of chartered certified accountants
- Chartered Accountants
- Company secretary
- Post Gradudates
- Cost Accountants
- Chartered Institute of Management Accountants