PM Textbook Syllabus
Chapter 1
Syllabus A. Information, technologies and systems for organisational perform
A1. Managing information
- A1ab. Information Systems Role
- A1c. Intranets and Wireless Technology
- A1d. Generating and distributing Internal Info
- A1e. Security of Highly Confidential Information
A2. Sources of information
- A2a. Internal and External Sources
- A2b. Control Purposes
- A2c. Direct Data Capture & Process Costs
- A2d. Indirect Costs of Producing Information
A3. Information systems and data analytics
- A3a. Types of Information Systems
- A3b. Main Characteristics
- A3c. Big data - The 5 V's
- A3d. Big Data Pyramid1:29
- A3e. Data Mining, Algorithms and Machine Learning2:15
- A3f. Predictive Analytics & Risks2:28
Chapter 2
Syllabus B. Specialist Cost And Management Accounting Techniques
B1. Activity Based Costing
- Introduction to ABC
- B1a. Identifying Cost Drivers
- B1b. Calculating costs per driver and per unit
- B1c. Comparing ABC and Traditional Methods of Overhead Absorption
B2. Target Costing
- B2a. Deriving a Target Cost
- B2b. Target Costing in Service Industries
- B2c. Closing a Target Cost Gap
B3. Life-cycle Costing
- B3a. Identifying the Costs at different stages of the Life Cycle
- B3bc. Benefits of Life Cycle Costing
B4. Throughput Accounting
- B4ab. Calculating and Interpreting a TPAR
- B4c. Improving a TPAR
- B4d. Throughput Accounting in Multi-Product situations
B5. Environmental Accounting
- B5a. Management of Environmental Costs
- B5b. Accounting for Environmental Costs
- How do organisations control environmental costs?
Chapter 3
Syllabus C. Decision-making Techniques
C1. Relevant Cost Analysis
All subject exam questionsC2. Cost Volume Profit Analysis
- C2a. CVP Analysis
- C2b. Break-Even Point and Margin of Safety
- C2c. Single and Multi-Product Situations: Contribution to Sales Ratio
- C2d. Single and Multi-Product Situations: Target Profit or Revenue
- C2e. Break-Even Charts and Profit Volume
- C2f. Limitations of CVP Analysis for Planning and Decision Making
C3. Limiting Factors
- C3a. Identifying Limiting Factors in a Scarce Resource Situation
- C3b. Determining the Optimal Production Plan re a single limiting factor
- C3c. Formulating and Solving Multiple Scarce Resource Problems
- C3d. Shadow Prices (Dual Prices)
- C3e. Slack and its Implications for Decision-Making and Performance Management
C4. Pricing Decisions
- C4a. Factors Influencing Pricing
- C4b. Price Elasticity of Demand
- C4c. The Straight Line Demand Equation
- C4d. The Optimum Selling Price and Quantity
- C4e. Evaluating a Decision to increase Production and Sales
- C4g. Different Price Strategies
C5. Make-or-Buy and Other Short-Term Decisions
All subject exam questionsC6. Dealing with Risk and Uncertainty in Decision Making
- C6a. Research Techniques to Reduce Uncertainty
- C6b. The Use of Simulation, Expected Values and Sensitivity
- C6c. Applying Expected Values and Sensitivity to Decision-Making Problems
- C6d. Maximax, Maximin and Minimax Regret
- C6e. Decision Trees
- C6f. The Value of Perfect and Imperfect Information
Chapter 4
Syllabus D. Budgeting And Control
D1. Budgetary Systems
- D1g/D1h. Budgetary Systems
- D1b/d/e/f. Types of Budgetary Systems
- D2a. Fixed and variable cost elements
- D1e. Flexed Budgets
- D1c. Information used in Budget Systems
- D1g. Negotiation of Targets
- D1g/D1h. Setting the difficulty level for a budget
- D1i. Changing a Budgetary System
- D1j. Dealing with Uncertainty in the Environment
D2. Quantitative Techniques
- D2b. Time series - Components
- D2b. Moving averages
- D2b. Budget forecasts
- D2b. Time Series Analysis
- D2b. Regression Analysis
- D2e. Linear Regression Analysis
- D2cd. Learning effect and Learning Curve
- D2e. Reservations with Learning Curve
Basic Variance Analysis
- D1a. Sales price and volume variance
- Labour total, rate and efficiency variance
- Variable overhead total, expenditure and efficiency variance
- Fixed overhead total, expenditure, volume, capacity and efficiency variance
- Investigating variances
D3. Standard costing
- D3a. Standard Costs
- D3b. Methods used to derive Standard costs
- D3c. Flexing Budgets
- D3d. Principle of Controllability
D4. Material mix and yield variances
- D4a. Material Mix and Yield Variances
- D4b. Changing Material Mix
- D4d. Controlling Production Processes
- D4c. Materials total, price and usage variances
D5. Sales mix and quantity variances
All subject exam questionsD6. Planning and operational variances
- D6ab. Planning and Operational Variances for sales
- D6c. Planning and Operational Variances for material & labour
- Advantages and limitations of Planning and Operational Variances
- D6d. Revise an original budget
D7. Performance analysis
- D7ab. Using Standard Costs
- D7c/f. Factors which Influence behaviour
- D7d. Staff Motivation and Action
- D7e. JIT and TQM
Chapter 5
Syllabus E. Performance Measurement And Control
E1. The Scope of Performance Measurement
- Financial Performance Indicators
- Non-Financial Performance Indicators
- Short-Termism and Financial Manipulation
- Balanced Score card and Building Block
E2. Divisional Performance and Transfer Pricing
All subject exam questionsE3. Not for Profit Organisations & Public Sector
- Problems of having non-quantifiable objectives
- Multiple Objectives
- Performance Measurement in NFP
- Value for Money (VFM)
- Interpret NFPIs