FMA Textbook Syllabus
Chapter 1
Syllabus A. The Nature, Source And Purpose Of Management Informa
A1. Accounting for management
- A1a. Purpose and role
- A1b. Financial accounting vs Management accounting.
- A1c. Managerial processes
- A1d. Strategic, Tactical and Operational planning
- A1e. Data vs information
- A1f. Good Information
- A1g. Limitations of Management Info
A2. Sources of Data
A3. Cost classification
- A3ad. Production costs and Non-Production costs
- A3b. Different elements of non production costs
- A3c. Different elements of production cost
- A3e. Product/service costs
- A3f. Codes in categorising transaction
- A3g. Different types of cost behaviour
- A3h. Cost objects, cost units and cost centres
- A3i. Cost, profit, investment and revenue centres
- A3j. Differing needs for information
A4. Presenting information
All subject exam questionsChapter 2
Syllabus B. Data Analysis And Statistical Techniques
B1. Sampling methods
All subject exam questionsB2. Forecasting techniques
- B2a. Linear functions and equations
- B2b. High/low analysis
- B2c. Using High low method
- B2d. Scatter diagrams and lines of best fit
- B2e. Analysis of cost data
- B2fh. Linear regression analysis
- B2g. Price movements
- B2i. Principles of time series analysis
- B2j. Moving averages
- B2k. Trend and the use of regression coefficients
- B2l. Budget forecasts
- B2m. The Time series analysis
- B2no. The purpose of index numbers
- B2p. Product life cycle
B3. Summarising and analysing data
B4. Spreadsheets
All subject exam questionsChapter 3
Syllabus C. Cost Accounting Techniques
C1. Accounting for material, labour and overheads
- C1ai. Ordering, receiving and issuing of materials
- C1aii. Monitor physical and ‘book’ inventory
- C1aiii. Material inventory acct
- C1aiv. Costs of ordering and holding inventory
- C1av. Optimal reorder quantities
- C1avi. Optimal reorder quantities with discounts
- C1avii. Minimise inventory costs
- C1aviii. Establishing reorder levels
- C1aix. LIFO, FIFO and average methods
- C1bi. Direct and indirect costs of labour
- C1bii. Labour costs to work done
- C1biii. Labour cost inputs and outputs
- C1biv. Remuneration methods
- C1bv. Labour turnovers
- C1bvi. Labour ratios
- C1bvii. Labour account
- C1ci. Direct and indirect expenses for overheads
- C1cii. Production overhead absorption rates
- C1ciii/v. Appropriate bases for absorption rates
- C1iv. Reapportion service cost centre costs
- C1cvi. Manufacturing overheads
- C1cvii. Under and over absorption of overheads
- Non-production overheads
C2. Absorption and marginal costing
- C2a. The concept of contribution
- C2b. Absorption and Marginal Costings
- C2c. Profit or loss
- C2d. Reconcile the profits or losses
- C2e. Advantages and disadvantages
C3. Cost accounting methods
- C3ai. Characteristics of job and batch costing
- C3aii. The use of job or batch costing
- C3aiii-iv. Cost records and account
- C3bi. Characteristics of process costing
- C3bii. Appropriate use of process costing
- C3biii. Normal and abnormal losses
- C3biv. Cost per unit of process outputs
- C3bv. Process accounts
- C3bvi/viii. The concept of equivalent units.
- C3bvii. Apportion process costs
- C3bix. Process accounts & losses and gains
- C3bx. By-products and joint products
- C3bxi. Value by-products and joint products
- C3bxii. Process accounts & by-products / joint products
- C3ci. The use of service/operation costing
- C3cii. Suitable unit cost measures
- C3ciii. Service cost analysis
C4. Alternative cost accounting
- C4ab. Activity based costing (ABC)
- C4ab. Target costing
- C4ab. Life cycle costing
- C4a. Total quality management (TQM)
Chapter 4
Syllabus D. Budgeting
D1. Nature and purpose of budgeting
- D1a. Why organisations use budgeting
- D1b. Planning and control cycle
- D1c. Administrative procedures
- D1d. Stages in the budgeting process
D2. Budget preparation
- D2a. Principal budget factor
- D2bc. Sales & Functional budgets
- D2d. Cash budgets
- D2e. Master budgets
- D2f. ‘What if’ analysis
D3. Flexible budgets
All subject exam questionsD4. Capital budgeting and discounted cash flows
- D4a. Capital investment planning and control
- D4b. Capital and revenue expenditure
- D4c. Capital expenditure budget
- D4d. Simple and compound interest
- D4e. Compounding and discounting
- D4f. Cash flow and profit
- D4g. Relevant cash flows
- D4h. Net present value (NPV) and Internal rate of return (IRR)
- D4i. Annuity and perpetuity formulae
- D4jk. Payback
D5. Budgetary control and reporting
D6. Behavioural aspects of budgeting
- D6a. Motivation in performance management
- D6b. Influencing motivation
- D6c. Targets upon motivation
- D6d. Managerial incentive schemes
- D6ef. Top down & bottom up approaches
Chapter 5
Syllabus E. Standard Costing
E1. Standard costing systems
E2. Variance calculations and analysis
- E2a. Sales price and volume variances
- E2b. Materials total, price and usage variances
- E2c. Labour total, rate and efficiency variances
- E2d. Variable overhead total, expenditure and efficiency variances
- E2e. Fixed overhead total, expenditure, volume, capacity and efficiency variances
- E2f. Interpret variances & possible causes
- E2g. Factors to consider before investigating
- E2i. Actual or standard figures
E3. Reconciliation of budgeted and actual profit
All subject exam questionsChapter 6
Syllabus F. Performance Measurement
F1. Performance measurement overview
- F1a. Mission statements
- F1b. Strategic,operational and tactical objectives
- F1c. Economic and market conditions
- F1d. Government regulation
F2. Performance measurement - application
- F2a. Measures of financial performance
- F2a. Measuring Profitability
- F2a. Measuring Liquidity
- F2a. Measuring Efficiency
- F2a. Measuring Risk
- F2a/F4a. Non financial measures
- F2b. The balanced scorecard
- F2bi. Advantages and limitations of the balanced scorecard
- F2bii/iii. Critical success factors and key performance indicators
- F2c. Economy, efficiency and effectiveness
- F2c. Performance indicator
- F2c. Manufacturing business
- F2d. Contract and process costing environments
- F2eg. Resource utilisation
- F2f. Profitability in Performance Measure
F3. Cost reductions and value enhancement
All subject exam questionsF4. Monitoring performance and reporting
- F4g. Management attention and recommendations
- F4e. Managerial performance
- F4f. Benchmarking in Performance measure