FMA Textbook Syllabus

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

A2a. Sources of Data

A2b. Information

A2c. Limitations of information

A2d. Economic environment

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

A4a. Written reports

A4bc. Presenting information

B1a. Sampling Technique

B1b. Appropriate sampling method

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

B3ac. Big Data and Data Analytics

B3b. Big Data - Structure

B3d. Types of Data

B3e. Data Analytics - Descriptive & Inferential

B3fg. Measures of average and dispersion

B3h. Expected Values

B3ij. Probability and normal distribution

B4a. Computer spreadsheet system

B4b. Applications for computer spreadsheets

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

C2a. The concept of contribution

C2b. Absorption and Marginal Costings

C2c. Profit or loss

C2d. Reconcile the profits or losses

C2e. Advantages and disadvantages

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

C4ab. Activity based costing (ABC)

C4ab. Target costing

C4ab. Life cycle costing

C4a. Total quality management (TQM)

D1a. Why organisations use budgeting

D1b. Planning and control cycle

D1c. Administrative procedures

D1d. Stages in the budgeting process

D2a. Principal budget factor

D2bc. Sales & Functional budgets

D2d. Cash budgets

D2e. Master budgets

D2f. ‘What if’ analysis

D3ac. Flexible budgets in control

D3bc. Fixed Budgets

D3d/D5a. Flexed Budgets

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

D5d. Responsibility accounting

D5e. Controllable and uncontrollable costs

D5f. Control reports

D6a. Motivation in performance management

D6b. Influencing motivation

D6c. Targets upon motivation

D6d. Managerial incentive schemes

D6ef. Top down & bottom up approaches

E1a. Purpose and principles

E1b. Standard, marginal and absorption costing

E1c. Standard cost per unit

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

E3a. Reconcile profits under absorption

E3b. Reconcile profits under marginal

F1a. Mission statements

F1b. Strategic,operational and tactical objectives

F1c. Economic and market conditions

F1d. Government regulation

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

F3a. Cost control and cost reduction

F3b. Cost reduction methods

F3a. Value analysis

F4g. Management attention and recommendations

F4e. Managerial performance

F4f. Benchmarking in Performance measure