ACCA - Applied Knowledge - Management Accounting

ACCA - Applied Knowledge - Management Accounting

The Management Accounting (MA)/FMA module provides an introduction to the fundamental concepts of management accounting that are used to make and support business decisions. It introduces the nature, sources, and purposes of management information. It then covers statistical techniques used to analyze data, followed by cost accounting and costing techniques that are essential for any management accountant. The module also addresses the preparation and use of budgeting and standard costing, as well as variance analysis, which are crucial tools for planning and controlling business activities. Finally, the module concludes with an overview of the methods used to measure and monitor an organization's performance.