FMA Textbook Syllabus
SearchSyllabus A
The Nature, Source And Purpose Of Management Informa
A1Accounting for management
Purpose and role
Financial accounting vs Management accounting.
Managerial processes
Strategic, Tactical and Operational planning
Data vs information
Good Information
Limitations of Management Info
A3Cost classification
Production costs and Non-Production costs
Different elements of non production costs
Different elements of production cost
Product/service costs
Codes in categorising transaction
Different types of cost behaviour
Cost objects, cost units and cost centres
Cost, profit, investment and revenue centres
Differing needs for information
Syllabus B
Data Analysis And Statistical Techniques
B2Forecasting techniques
Linear functions and equations
High/low analysis
Using High low method
Scatter diagrams and lines of best fit
Analysis of cost data
Linear regression analysis
Price movements
Principles of time series analysis
Moving averages
Trend and the use of regression coefficients
Budget forecasts
The Time series analysis
The purpose of index numbers
Product life cycle
Syllabus C
Cost Accounting Techniques
C1Accounting for material, labour and overheads
Ordering, receiving and issuing of materials
Monitor physical and ‘book’ inventory
Material inventory acct
Costs of ordering and holding inventory
Optimal reorder quantities
Optimal reorder quantities with discounts
Minimise inventory costs
Establishing reorder levels
LIFO, FIFO and average methods
Direct and indirect costs of labour
Labour costs to work done
Labour cost inputs and outputs
Remuneration methods
Labour turnovers
Labour ratios
Labour account
Direct and indirect expenses for overheads
Production overhead absorption rates
Appropriate bases for absorption rates
Reapportion service cost centre costs
Manufacturing overheads
Under and over absorption of overheads
Non-production overheads
C2Absorption and marginal costing
The concept of contribution
Absorption and Marginal Costings
Profit or loss
Reconcile the profits or losses
Advantages and disadvantages
C3Cost accounting methods
Characteristics of job and batch costing
The use of job or batch costing
Cost records and account
Characteristics of process costing
Appropriate use of process costing
Normal and abnormal losses
Cost per unit of process outputs
Process accounts
The concept of equivalent units.
Apportion process costs
Process accounts & losses and gains
By-products and joint products
Value by-products and joint products
Process accounts & by-products / joint products
The use of service/operation costing
Suitable unit cost measures
Service cost analysis
C4Alternative cost accounting
Activity based costing (ABC)
Target costing
Life cycle costing
Total quality management (TQM)
Syllabus D
Budgeting
D1Nature and purpose of budgeting
Why organisations use budgeting
Planning and control cycle
Administrative procedures
Stages in the budgeting process
D2Budget preparation
Principal budget factor
Sales & Functional budgets
Cash budgets
Master budgets
‘What if’ analysis
D4Capital budgeting and discounted cash flows
Capital investment planning and control
Capital and revenue expenditure
Capital expenditure budget
Simple and compound interest
Compounding and discounting
Cash flow and profit
Relevant cash flows
Net present value (NPV) and Internal rate of return (IRR)
Annuity and perpetuity formulae
Payback
D5Budgetary control and reporting
Responsibility accounting
Controllable and uncontrollable costs
Control reports
Syllabus E
Standard Costing
E1Standard costing systems
Purpose and principles
Standard, marginal and absorption costing
Standard cost per unit
E2Variance calculations and analysis
Sales price and volume variances
Materials total, price and usage variances
Labour total, rate and efficiency variances
Variable overhead total, expenditure and efficiency variances
Fixed overhead total, expenditure, volume, capacity and efficiency variances
Interpret variances & possible causes
Factors to consider before investigating
Actual or standard figures
E3Reconciliation of budgeted and actual profit
Reconcile profits under absorption
Reconcile profits under marginal
Syllabus F
Performance Measurement
F1Performance measurement overview
Mission statements
Strategic,operational and tactical objectives
Economic and market conditions
Government regulation
F2Performance measurement - application
Measures of financial performance
Measuring Profitability
Measuring Liquidity
Measuring Efficiency
Measuring Risk
Non financial measures
The balanced scorecard
Advantages and limitations of the balanced scorecard
Critical success factors and key performance indicators
Economy, efficiency and effectiveness
Performance indicator
Manufacturing business
Contract and process costing environments
Resource utilisation
Profitability in Performance Measure
F3Cost reductions and value enhancement
Cost control and cost reduction
Cost reduction methods
Value analysis
F4Monitoring performance and reporting
Management attention and recommendations
Managerial performance
Benchmarking in Performance measure