Management Accounting (Paper 2.2)
This course aims to ensure that students develop a knowledge and understanding of the various budgeting and cost accounting principles, concepts and techniques appropriate for planning, decision-making and control, and the ability to apply these techniques in the generation of management accounting reports. Students are also introduced to key management accounting concepts applied in the public sector
Instructor
John Lotsa
What You'll Learn
Course Curriculum
Introduction to Management Accounting and Ethics
This lesson sets the foundation for the entire course. It introduces the natu...
Overview of Cost Accounting
This lesson lays the foundation by recapping the relevant knowledge you need ...
Activity-Based Costing (ABC)
This lesson introduces Activity-Based Costing as a more accurate alternative ...
Throughput Accounting and the Theory of Constraints
This lesson covers throughput accounting as a performance measurement and cos...
Total Quality Management (TQM) and Cost of Quality
This lesson explores Total Quality Management as a strategic approach to oper...
Benchmarking, Value Chain Analysis and Re-engineering
This lesson covers three interrelated strategic management tools. Students le...
Just-In-Time (JIT) and EMA
This lesson covers lean production philosophies. Students examine Just-In-Tim...
Technology in Management Accounting
This lesson examines how digital technology is transforming the management ac...
Group Learning Space_Past Question Discussion
This is a live group discussion of the past questions from November 2024 to M...
Budgetary Control: Concepts, Behavioural Issues and Budget Profiling
This lesson revisits budgetary control principles at the application level wi...
Preparing Functional Budgets
This lesson focuses on the practical preparation of the principal functional ...
Preparing the Master Budget
This lesson focuses on preparing assembling the full master budget comprising...
Preparing Cash Budget
This lesson focuses on preparing the cash budget as a critical planning tool ...
Public Sector Budgeting
This lesson applies budgeting principles to the public sector context. Studen...
Standard Costing and Flexed Budget
This lesson consolidates and extends standard costing knowledge from the know...
Variance Analysis: Material, Labour and Variable Overhead Variances
This lesson calculate and interpret material, labour and variable overhead va...
Variance Analysis: Sales Variances & Fixed Overhead Variances
This lesson extends variance analysis to fixed overhead and sales variances u...
Advanced Variance Analysis: Material Mix and Yield Variances
This lesson covers the advanced variance topics, including the materials mix ...
Advanced Variance Analysis: Sales Mix and Quantity Variances
This lesson covers the advanced variance topics, including the sales mix and ...
Advanced Variance Analysis: Resource Utilisation
This lesson focuses on how to calculate efficience, capacity and production v...
Cost Behaviour and the High-Low Method_Part 1
This lesson lays the quantitative foundation for short-term decision-making b...
Cost Behaviour and the High-Low Method_Part 2
This lesson lays the quantitative foundation for short-term decision-making b...
Cost-Volume-Profit (CVP) Analysis: Single Product
This lesson develops CVP analysis for a single-product business. Students cal...
CVP Analysis: Multi-Product
This lesson extends CVP analysis to multi-product businesses using a weighted...
Relevant Costing: Principles and Applications_Part 1
This lesson establishes the principles of relevant costing for short-term dec...
Relevant Costing: Principles and Applications_Part 2
This lesson extends CVP analysis to multi-product businesses using a weighted...
Limiting Factor Analysis
This lesson covers the allocation of scarce resources when a single constrain...
Make-or-Buy Decisions
This lesson applies relevant costing to three common short-term decisions: wh...
Other Short-Term Decisions: Shutdown and One-off Contracts
This lesson applies relevant costing to three common short-term decisions: wh...
Pricing
The lesson covers special order and discounted pricing decisions.
E1: Why We Measure Performance
This lesson looks at the foundations of performance measurement: the strategi...
E2: Financial & Non-Financial Performance Indicators
This lesson covers the two main families of KPI. Part A focuses on financial ...
E3: The Balanced Scorecard, Short-Termism & Long-Term Performance
This lesson looks at the balanced scorecard's four perspectives and how they ...
E4: Not-for-Profit Performance & Value for Money
This lesson addresses organisations whose main objective isn't profit. It exp...
E5: Strategic, Behavioural & Information Systems for Performance Management
This lesson extends the ratio toolkit with ROCE, EPS, and EBITDA, then covers...
E6: Responsibility Centres and ROI
This lesson introduces the four types of responsibility centres and the disti...
Cost-Benefit Analysis in the Public Sector
This lesson introduces Cost-Benefit Analysis (CBA) as the primary tool for ap...
Cost-Effectiveness and Cost-Outcome Analysis
This lesson covers two complementary appraisal tools used alongside CBA. Stud...
Externalities, Project Management and Public Sector Performance Analysis
This concluding lesson covers externalities and the management accountant's r...
Student Feedback
With about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.
John Lotsa
InstructorWith about 4 years of experience preparing ICAG students for the exams, complemented by about 5 years of hands-on experience in both the private and public sectors in auditing and accounting roles, respectively, I bring both examination expertise and practical, real-world insight to every session. Holding the NTC license as a professional teacher speaks volumes about my pedagogical skills.