Management Accounting

MA - Applied Knowledge Level

A. The nature, sources and purpose of management information

4 modules • Has lessons • Understand how management information supports planning, control, and decision-making. This section introduces internal vs external data sources, qualitative vs quantitative measures, and financial vs non-financial data. You'll learn how to assess information quality and how to tailor reports to management needs.

B. Data analysis and statistical techniques

4 modules • Here, you’ll explore essential quantitative tools for analysing business data. Topics include data classification, averages, index numbers, trend analysis, and basic probability. These concepts equip you to interpret financial results, forecast trends, and present insights in meaningful formats.

C. Cost accounting techniques

7 modules • Has lessons • Discover how businesses track, allocate, and control costs. This section covers absorption and marginal costing, job and process costing, activity-based costing, and relevant costing. Mastering these techniques enables informed pricing, budgeting, and performance decisions.

D. Budgeting

3 modules • Has lessons • This section teaches the purpose, process, and behavioural aspects of budgeting. You’ll learn how to prepare functional and master budgets, use rolling budgets, and apply zero-based and incremental approaches. It also addresses budgeting’s role in planning, motivation, and control.

E. Standard costing

1 module • Has lessons • Learn how to set, monitor, and analyse cost benchmarks. This section covers variance analysis for materials, labour, and overheads, helping identify cost control issues and performance variances. It also introduces reconciliations and the behavioural impact of variances.

F. Performance measurement

1 module • Has lessons • Explore how managers assess and improve business performance. You’ll learn to calculate and interpret key performance indicators (KPIs), financial ratios, and non-financial measures. Balanced scorecard and benchmarking techniques are also introduced for broader organisational insight.