This subject deals with the fundamental knowledge and techniques that underpin management accounting. It identifies the position of the management accountant within organisations and the role of CIMA. The subject portrays the role of management accounting in the contexts of commercial and public sector bodies and its wider role in society. The identification and classification of costs and their behaviour provides the basis for understanding and applying the tools and techniques needed to plan, control and make decisions. Budgetary control requires the setting of targets and standards which then allow the performance of organisations to be reported and analysed by the calculation of variances. Investment appraisal, break-even analysis and profit maximisation are used to inform both long and short term decision making.

The IMAS Online course offering provide students with pre-recorded lecture videos, lecture notes, progress tests and  Mock Exams. 1 SCHEMES OF WORK 2 COMPLETE SLIDES 3 CHAPTER 1 - THE CONTEXT OF MANAGEMENT ACCOUNTING 4 CHAPTER 2 - COST IDENTIFICATION AND CLASSIFICATION 5 CHAPTER 3 - ANALYSING AND PREDICTING COSTS 6 CHAPTER 4 - OVERHEAD ANALYSIS 7 CHAPTER 5 - MARGINAL AND ABSORPTION COSTING 8 CHAPTER 6 - BUDGETING 9 CHAPTER 7 - STANDARD COSTING AND VARIANCE ANALYSIS 10 CHAPTER 8 - INTEGRATED ACCOUNTING SYSTEMS 11 CHAPTER 9 - PERFORMANCE MEASUREMENT 12 CHAPTER 10 - PREPARING ACCOUNTS AND REPORTS FOR MANAGEMENT 13 CHAPTER 11 - RISK 1 - SUMMARISING AND ANALYSING DATA 14 CHAPTER 12 - RISK 2 - PROBABILITY 15 CHAPTER 13 - SHORT-TERM DECISION MAKING 16 CHAPTER 14 - LONG-TERM DECISION MAKING