Management Accounting
Intermediate Financial and Management Accounting
Course map


This document outlines the course structure.








ACCA: FMA-F2.x Management Accounting
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Introduction course orientation


Lesson 1: Welcome

Unit 1: Welcome
 



Unit 2: Your tutor
  










 

Lesson 2: What, when

and why? Unit 1: About the course


Unit 2: ACCA Qualification


Unit 3: Course structure
Unit 4: Prior knowledge




Lesson 3: How do I study this course? Unit 1: How to move around in the course
Unit 2: Features and activities




Unit 3: Studying online
Unit 4: Practice tests

Unit 5: The real exam
Unit 6: Javascript

Lesson 4: Joining an online community Unit 1: Introducing yourself

Unit 2: Using the discussion forums
Unit 3: Staying safe online
Unit 4: Working with your tutor and other students

F2 Week 1

Week 1: Introduction to management accounting Week 1: Introduction to Management Accounting

Lesson 1: Management information Lesson 1: Management information

Unit 1: Cost and management accounting
Unit 2: Planning, decision making and control
Unit 3: Data and information
Unit 4: Sources of data and information
Unit 5: Attributes of good information
Unit 6: Limitations of management information
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Materials Lesson 2: Materials

Unit 1: Documentation and accounting procedures
Unit 2: Accounting for inventory
Unit 3: Valuing inventory
Lesson 2: Summary
Lesson 2: Apply your learning
 






 Lesson 3: Reordering materials Lesson 3: Reordering materials
Unit 1: Inventory holding costs
Unit 2: Economic Order Quantity (EOQ)
Unit 3: EOQ with discounts
Unit 4: Economic Batch Quantity (EBQ)
Unit 5: Reorder levels
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Labour Lesson 4: Labour

Unit 1: Direct and indirect labour
Unit 2: Recording labour and the labour account
Unit 3: Remuneration methods
Unit 4: Labour turnover
Unit 5: Labour ratios
Lesson 4: Summary
Lesson 4: Apply your learning

Lesson 5: Overheads Lesson 5: Overheads

Unit 1: Direct and indirect expenses
Unit 2: Allocation and apportionment
Unit 3: Reapportionment
Unit 4: Bases of absorption and overhead absorption rates
Unit 5: Under and over absorption
Unit 6: Journal entries
Lesson 5: Summary
Lesson 5: Apply your learning

Week Summary Week 1: Summary

F2 Week 1 optional exam questions

F2 Week 1 graded exam questions
F2 Week 1 further optional exam questions

F2 Week 2

Week 2: Cost accounting techniques 1 Week 2: Cost accounting techniques 1

Lesson 1: Marginal costing Lesson 1: Marginal costing

Unit 1: Contribution
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Absorption and marginal costing Lesson 2: Absorption and marginal costing
Unit 1: Differences in inventory valuation
Unit 2: Differences in profit
Unit 3: Reconciling profits/losses
Unit 4: Advantages and disadvantages of absorption costing and
marginal costing
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Introduction to process costing Lesson 3: Introduction to process costing

Unit 1: Characteristics of process costing
Unit 2: Normal losses
Unit 3: Abnormal losses and gains
Unit 4: Abnormal losses and gains with scrap value
Lesson 3: Summary
Lesson 3: Apply your learning
 Lesson 4: Further process costing Lesson 4: Further process costing
Unit 1: Closing Work-In-Process and equivalent units
Unit 2: Apportioning process costs – weighted average method
Unit 3: Apportioning process costs - FIFO
Unit 4: Joint products and by-products
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 2: Summary

F2 Week 2 optional exam questions

F2 Week 2 graded exam questions
F2 Week 2 further optional exam questions

F2 Week 3

Week 3: Cost accounting techniques 2 Week 3: Cost accounting techniques 2

Lesson 1: Cost classification Lesson 1: Cost classification

Unit 1: Cost units, cost objects and responsibility centres
Unit 2: Coding costs and revenues
Unit 3: Cost classification
Unit 4: Cost behaviour – fixed and variable costs
Unit 5: Cost behaviour – mixed costs
Unit 6: Cost behaviour – high/low method
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Job, batch and service costing Lesson 2: Job, batch and service costing
Unit 1: Job costing
Unit 2: Batch costing
Unit 3: Service costing
Unit 4: Service cost analysis
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Alternative cost accounting methods Lesson 3: Alternative cost accounting methods
Unit 1: ABC – Activity Based Costing
Unit 2: Target Costing
Unit 3: Lifecycle costing and the product life cycle
Unit 4: Total Quality Management (TQM)
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Sampling techniques Lesson 4: Sampling techniques

Unit 1: Random and systematic sampling
Unit 2: Stratified sampling
Unit 3: Multistage, cluster and quota sampling
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 3: Summary

F2 Week 3 optional exam questions

F2 Week 3 graded exam questions
F2 Week 3 further optional exam questions
F2 Week 4

Week 4 : Forecasting Week 4: Forecasting

Lesson 1: Forecasting costs and revenues Lesson 1: Forecasting costs and revenues
Unit 1: Correlation coefficient and coefficient of determination
Unit 2: Cost behaviour - estimating fixed and variable elements
Unit 3: Forecasting costs using linear regression analysis
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2 : Time series analysis Lesson 2: Time series analysis

Unit 1: Principles of time series analysis
Unit 2: Trend
Unit 3: Seasonal variations
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Index numbers Lesson 3: Index numbers

Unit 1: Single-item index numbers
Unit 2: Multi–item index numbers
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Spreadsheets Lesson 4: Index numbers

Unit 1: Spreadsheets 1
Unit 2: Spreadsheets 2
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 4: Summary

F2 Week 4 optional exam questions

F2 Week 4 graded exam questions
F2 Week 4 further optional exam questions

F2 Week 5

Week 5: Discounted cash flow techniques Week 5: Discounted cash flow techniques

Lesson 1: Compounding and discounting Lesson 1: Compounding and discounting

Unit 1: Simple and compound interest
Unit 2: Nominal and effective interest rates
Unit 3: Compounding and discounting
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Capital investment appraisal Lesson 2: Capital investment appraisal

Unit 1: Capital investment appraisal and relevant cash flows
Unit 2: Annuities and perpetuities
Unit 3: Cash flow timings
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: NPV and IRR Lesson 3: NPV and IRR

Unit 1: Net Present Value (NPV) method
Unit 2: Internal rate of return (IRR) method
Lesson 3: Summary
Lesson 3: Apply your learning
 Lesson 4: Payback method Lesson 4: Payback method
Unit 1: Non-discounted payback
Unit 2: Discounted payback
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 5: Summary

F2 Week 5 optional exam questions

F2 Week 5 graded exam questions
F2 Week 5 further optional exam questions

F2 Week 6

Week 6: Introduction to budgeting Week 6: Introduction to budgeting

Lesson 1: The nature and purpose of budgeting Lesson 1: The nature of purpose of budgeting
Unit 1: Introduction to budgeting
Unit 2: The planning and control cycle
Unit 3: The budgeting process
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Sales and production budgets Lesson 2: Sales and production budgets
Unit 1: Sales and production budgets
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Materials, labour and overhead budgets Lesson 3: Materials, labour and overhead budgets
Unit 1: Raw materials budgets
Unit 2: Labour budgets
Unit 3: Overhead budgets
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Master budgets Lesson 4: Master budgets

Unit 1: Cash budgets
Unit 2: Budgeted statement of profit or loss
Unit 3: Budgeted statement of financial position
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 6: Summary

F2 Week 6 optional exam questions

F2 Week 6 graded exam questions
F2 Week 6 further optional exam questions

F2 Week 7

Week 7: Further budgeting Week 7: Further budgeting

Lesson 1: Capital expenditure budgets Lesson 1: Capital expenditure budgets

Unit 1: Capital investment planning and control
Lesson 1: Summary
Lesson 1: Apply your learning
 Lesson 2: Fixed and flexible budgets Lesson 2: Fixed and flexible budgets
Unit 1: Fixed and flexible budgets
Unit 2: Flexed budgets and simple variances
Unit 3: ‘What if’ analysis
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Budgetary control and reporting Lesson 3: Budgetary control and reporting
Unit 1: Significance of variances
Unit 2: Responsibility accounting
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Behavioural aspects of budgeting Lesson 4: Behavioural aspects of budgeting

Unit 1: Motivation
Unit 2: Managerial incentive schemes
Unit 3: Approaches to budgeting
Lesson 4: Summary
Lesson 4: Apply your learning

Lesson 5: Presenting information Lesson 5: Presenting information

Unit 1: Tables
Unit 2: Bar charts
Unit 3: Graphs and pie charts
Unit 4: Reports
Lesson 5: Summary
Lesson 5: Apply your learning

Week Summary Week 7: Summary

F2 Week 7 optional exam questions

F2 Week 7 graded exam questions
F2 Week 7 further optional exam questions

F2 Week 8

Week 8: Standard costing and variance calculation Week 8: Standard costing and variance calculation

Lesson 1: Standard costing Lesson 1: Standard costing

Unit 1: Standard costing principles
Unit 2: Standard cost per unit
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Sales variances Lesson 2: Sales variances

Unit 1: Sales price variances
Unit 2: Sales volume variances
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Materials variances Lesson 3: Materials variances

Unit 1: Materials total variance
Unit 2: Materials price variance
Unit 3: Materials usage variance
Lesson 3: Summary
Lesson 3: Apply your learning
 Lesson 4: Labour variances Lesson 4: Labour variances
Unit 1: Labour total variance
Unit 2: Labour rate variance
Unit 3: Labour efficiency variance
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 8: Summary

F2 Week 8 optional exam questions

F2 Week 8 graded exam questions
F2 Week 8 further optional exam questions

F2 Week 9

Week 9: Overhead variances and variance analysis Week 9: Overhead variances and variance analysis

Lesson 1: Variable overhead variances Lesson 1: Variable overhead variances

Unit 1: Variable overhead total variance
Unit 2: Variable overhead expenditure variance
Unit 3: Variable overhead efficiency variance
Lesson 1: Summary
Lesson 1: Apply your learning

Lesson 2: Fixed production overhead variances Lesson 2: Fixed production overhead variances
Unit 1: Fixed production overhead total and expenditure variances
Unit 2: Fixed production overhead volume variance
Unit 3: Fixed production overhead capacity variance
Unit 4: Fixed production overhead efficiency variance
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Operating statements Lesson 3: Operating statements

Unit 1: Reconciliations under standard absorption costing
Unit 2: Reconciliations under standard marginal costing
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Analysing variances Lesson 4: Analysing variances

Unit 1: Investigation of variances
Unit 2: Variance analysis reports
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 9: Summary

F2 Week 9 optional exam questions

F2 Week 9 graded exam questions
F2 Week 9 further optional exam questions

F2 Week 10

Week 10: Performance measurement Week 10: Performance measurement

Lesson 1: Introduction to performance measurement Lesson 1: Introduction to performance measurement

Unit 1: Performance measurement - overview
Unit 2: Critical success factors and key performance indicators
Unit 3: Balanced scorecard
Lesson 1: Summary
Lesson 1: Apply your learning
 Lesson 2: Analysing performance measurement Lesson 2: Analysing performance measurement
Unit 1: Measures of profitability
Unit 2: Measures of activity
Unit 3: Measures of liquidity and gearing
Unit 4: Measures of resource utilisation
Lesson 2: Summary
Lesson 2: Apply your learning

Lesson 3: Monitoring performance Lesson 3: Monitoring performance

Unit 1: Measuring performance in manufacturing industries
Unit 2: Measuring performance in service industries
Unit 3: Measuring performance in non-profit and public sector
organisations
Unit 4: Assessing managerial performance
Unit 5: Benchmarking
Lesson 3: Summary
Lesson 3: Apply your learning

Lesson 4: Cost reductions and value enhancement Lesson 4: Cost reductions and value enhancement
Unit 1: Cost reduction methods
Unit 2: Value analysis
Lesson 4: Summary
Lesson 4: Apply your learning

Week Summary Week 10: Summary

F2 Week 10 optional exam questions

F2 Week 10 graded exam questions
F2 Week 10 further optional exam questions

Course closing section

Lesson 1: Summing up Unit 1: Summing up

Lesson 2: Question Practice Unit 1: Optional practice test

Unit 2: Revision tips

Lesson 3: What next? Unit 1: The exam

Unit 2: What comes next?
Unit 3: Thank you

F2 Practice test optional exam questions

F2 Practice test graded exam questions