ACCA Management Accounting (MA) Exam Preparation Course

The aim of the paper is to develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context.
The syllabus 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. 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 costs. The syllabus concludes with an introduction to measuring and monitoring the performance of an organization.

Course Notes produced by IAB international academy of business will be used throughout the course. Students should use their study text for additional reference purposes. IAB’s course notes include explanatory text punctuated by classroom activities. Most of these activities create the illustrations that are presented by the author in a traditional textbook. It is important to complete the activities because in most cases they form a link in the flow of explanatory text. If you leave them blank it will be difficult to review the text at a later date.

Course objectives and learning outcomes:

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.

Learning approach:

Study book learning during the course By the ACCA approved publisher, supported by additional materials and business cases. Everyday homework of the passed chapters, building the knowledge based on the exercises. 2 mock exams to check the level of preparation.

Readings

Study books by ACCA Approved Content Providers (Kaplan Publishing and BPP Learning Media), Classroom Notes, Examiner’s articles, examiner’s approach interview, and technical articles.

Required Practice

E-learning Platform Quizzes (after each Topic), 10 Mock exams from the Question Bank.