What is the syllabus of management accounting?

The syllabus for Management Accounting (MA)/(FMA), introduces candidates to elements of management accounting which are used to make and support decisions. The syllabus starts by introducing the nature, the source and purpose of management information followed by the statistical techniques used to analyse data.

What are the topics in management accounting?

Types of Managerial Accounting

• Product Costing and Valuation.
• Cash Flow Analysis.
• Inventory Turnover Analysis.
• Constraint Analysis.
• Financial Leverage Metrics.
• Accounts Receivable (AR) Management.
• Budgeting, Trend Analysis, and Forecasting.

What are the subjects in CIMA?

Syllabus

• Certificate Level. BA1 – Fundamentals of Business Economics. BA 2 – Fundamentals of Management Accounting.
• Operational Level. E1:Organizational Management. P1: Management Accounting.
• Managerial Level. E2: Project and Relationship Management. P2 : Advanced Management Accounting.
• Strategic Level. E3 Strategic Management.

What are the chapters in management accounting?

Managerial Accounting

• Instructor Resources: Available with Login.
• Chapter 1: Nature of Managerial Accounting and Costs.
• Chapter 2: Job Order Cost System.
• Chapter 3: Process Cost System.
• Chapter 4: Activity-Based Costing.
• Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis.
• Chapter 6: Variable and Absorption Costing.

What are the objectives of management accounting?

Scope of managerial accounting The main objective of managerial accounting is to maximize profit and minimize losses. It is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions. Its scope is quite vast and includes several business operations.

What is standard cost in management accounting?

What is standard costing? Standard costing is the practice of estimating the expense of a production process. It’s a branch of cost accounting that’s used by a manufacturer, for example, to plan their costs for the coming year on various expenses such as direct material, direct labor or overhead.

What is the cost management?

Cost management is the process of estimating, allocating, and controlling project costs. The cost management process allows a business to predict future expenses to reduce the chances of budget overrun. Projected costs are calculated during the planning phase of a project and must be approved before work begins.

What is the salary of CIMA?

The CGMA designation is rapidly gaining globally acceptance as a mark of unparalleled excellence in business and financial management. On average, CIMA members in India are earning over Rs. 30 lakhs per annum, while students on average earn Rs. 10.9 lakhs per year.

Who uses Managerial Accounting?

Managerial accounting focuses on internal users—executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions.

What are the two objectives of management accounting?

The main objective of managerial accounting is to assist the management of a company in efficiently performing its functions: planning, organizing, directing, and controlling. Management accounting helps with these functions in the following ways: 1. Provides data: It serves as a vital source of data for planning.