Free ACCA MA Exam Prep

Accounting for management, sources and categories of information, cost classification, cost behaviour, cost units and centres, and the differences between management and financial accounting.

Sampling, high-low method, correlation and regression, time series and forecasting, index numbers, the normal distribution, expected values, and using spreadsheets to present data.

Accounting for materials, labour and overheads, inventory valuation, absorption costing, marginal costing, activity-based costing, job, batch, process and service costing, and cost-volume-profit analysis.

Budgetary planning and control, the budget preparation process, functional and cash budgets, fixed and flexible budgets, behavioural aspects, and quantitative techniques such as the learning curve.

Setting standards, calculating material, labour, variable and fixed overhead and sales variances, preparing operating statements, and reconciling budgeted and actual profit.

Performance measurement overview, financial and non-financial indicators, profitability, liquidity, activity and gearing ratios, ROI and residual income, the balanced scorecard, and value for money.