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
This lesson covers the advanced variance topics including the sales mix and q...
Cost Behaviour and the High-Low Method
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 and Pricing Decisions
This lesson extends CVP analysis to multi-product businesses using a weighted...
Relevant Costing: Principles and Applications
This lesson establishes the principles of relevant costing for short-term dec...
Make-or-Buy, Outsourcing and Shutdown Decisions
This lesson applies relevant costing to three common short-term decisions: wh...
Limiting Factor Analysis and Special Order Decisions
This lesson covers the allocation of scarce resources when a single constrain...
Performance Management Systems: Framework and Key Performance Indicators
This lesson introduces the design and architecture of effective performance m...
The Balanced Scorecard and Non-Financial Performance Measurement
This lesson covers the Balanced Scorecard (BSC) as an integrated performance ...
Divisional Performance Measurement: ROI and Residual Income
This lesson examines divisional performance appraisal in decentralised organi...
Transfer Pricing
This lesson examines the pricing of internal transactions between divisions o...
Performance Measurement for Non-Profit and Public Sector Organisations
This lesson adapts performance measurement concepts to non-profit and public ...
Behavioural Aspects and External Considerations in Performance Management
This lesson examines the organisational behaviour dimensions of performance m...
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.