ACCA: FMA-F2.x Management Accounting

Management Accounting

Course orientation

Start of course survey

Lesson 1: Welcome

Lesson 2: Getting your diploma

Lesson 3: How do I study this course?

Meet your tutor live online

F2 Week 1

Week 1: Introduction to management accounting

Lesson 1: Management information

Lesson 2: Materials

Lesson 3: Reordering materials

Unit 1: Welcome to ACCA-XUnit 2: Study tips and live sessions with your tutor

Unit 1: About the courseUnit 2: ACCA QualificationUnit 3: Prior knowledge

Unit 1: How to use edXUnit 2: Features and activitiesUnit 3: Course structureUnit 4: Using the discussion forumsUnit 5: Staying safe onlineUnit 6: Problems?

Week 1: Introduction to Management Accounting

Lesson 1: Management informationUnit 1: Cost and management accountingUnit 2: Planning, decision making and controlUnit 3: Data and informationUnit 4: Sources of data and informationUnit 5: Attributes of good informationUnit 6: Limitations of management informationLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: MaterialsUnit 1: Documentation and accounting proceduresUnit 2: Accounting for inventoryUnit 3: Valuing inventoryLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Reordering materials

Course map

This document outlines the course structure.

Duration 10 weeks

Lesson 4: Labour

Lesson 5: Overheads

Week Summary

Live session

Additional material

F2 Week 1 optional exam questions F2 Week 1 graded exam questionsF2 Week 1 further optional exam questions

F2 Week 2

Week 2: Cost accounting techniques 1

Lesson 1: Marginal costing

Lesson 2: Absorption and marginal costing

Lesson 3: Introduction to process costing

Unit 1: Inventory holding costsUnit 2: Economic Order Quantity (EOQ)Unit 3: EOQ with discountsUnit 4: Economic Batch Quantity (EBQ)Unit 5: Reorder levelsLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: LabourUnit 1: Direct and indirect labourUnit 2: Recording labour and the labour accountUnit 3: Remuneration methodsUnit 4: Labour turnoverUnit 5: Labour ratiosLesson 4: SummaryLesson 4: Apply your learning

Lesson 5: OverheadsUnit 1: Direct and indirect expensesUnit 2: Allocation and apportionmentUnit 3: ReapportionmentUnit 4: Bases of absorption and overhead absorption ratesUnit 5: Under and over absorptionUnit 6: Journal entriesLesson 5: SummaryLesson 5: Apply your learning

Week 1: Summary

Week 2: Cost accounting techniques 1

Lesson 1: Marginal costingUnit 1: ContributionLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Absorption and marginal costingUnit 1: Differences in inventory valuationUnit 2: Differences in profitUnit 3: Reconciling profits/lossesUnit 4: Advantages and disadvantages of absorption costing and

marginal costingLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Introduction to process costingUnit 1: Characteristics of process costingUnit 2: Normal lossesUnit 3: Abnormal losses and gainsUnit 4: Abnormal losses and gains with scrap valueLesson 3: Summary

Lesson 4: Further process costing

Week Summary

Live session

Additional material

F2 Week 2 optional exam questions F2 Week 2 graded exam questionsF2 Week 2 further optional exam questions

F2 Week 3

Week 3: Cost accounting techniques 2

Lesson 1: Cost classification

Lesson 2: Job, batch and service costing

Lesson 3: Alternative cost accounting methods

Lesson 4: Sampling techniques

Week Summary

Live session

Additional material

Lesson 3: Apply your learning

Lesson 4: Further process costingUnit 1: Closing Work-In-Process and equivalent unitsUnit 2: Apportioning process costs – weighted average methodUnit 3: Apportioning process costs - FIFOUnit 4: Joint products and by-productsLesson 4: SummaryLesson 4: Apply your learning

Week 2: Summary

Week 3: Cost accounting techniques 2

Lesson 1: Cost classificationUnit 1: Cost units, cost objects and responsibility centresUnit 2: Coding costs and revenuesUnit 3: Cost classificationUnit 4: Cost behaviour – fixed and variable costsUnit 5: Cost behaviour – mixed costsUnit 6: Cost behaviour – high/low methodLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Job, batch and service costingUnit 1: Job costingUnit 2: Batch costingUnit 3: Service costingUnit 4: Service cost analysisLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Alternative cost accounting methodsUnit 1: ABC – Activity Based CostingUnit 2: Target CostingUnit 3: Lifecycle costing and the product life cycleUnit 4: Total Quality Management (TQM)Lesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Sampling techniquesUnit 1: Random and systematic samplingUnit 2: Stratified samplingUnit 3: Multistage, cluster and quota samplingLesson 4: SummaryLesson 4: Apply your learning

Week 3: Summary

F2 Week 3 optional exam questionsF2 Week 3 graded exam questionsF2 Week 3 further optional exam questions

F2 Week 4

Week 4 : Forecasting

Lesson 1: Forecasting costs and revenues

Lesson 2 : Time series analysis

Lesson 3: Index numbers

Lesson 4: Spreadsheets

Week Summary

Live session

Additional material

F2 Week 4 optional exam questionsF2 Week 4 graded exam questionsF2 Week 4 further optional exam questions

F2 Week 5

Week 5: Discounted cash flow techniques

Lesson 1: Compounding and discounting

Lesson 2: Capital investment appraisal

Week 4: Forecasting

Lesson 1: Forecasting costs and revenuesUnit 1: Correlation coefficient and coefficient of determinationUnit 2: Cost behaviour - estimating fixed and variable elementsUnit 3: Forecasting costs using linear regression analysisLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Time series analysisUnit 1: Principles of time series analysisUnit 2: TrendUnit 3: Seasonal variationsLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Index numbersUnit 1: Single-item index numbersUnit 2: Multi–item index numbersLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Index numbersUnit 1: Spreadsheets 1Unit 2: Spreadsheets 2Lesson 4: SummaryLesson 4: Apply your learning

Week 4: Summary

Week 5: Discounted cash flow techniques

Lesson 1: Compounding and discountingUnit 1: Simple and compound interestUnit 2: Nominal and effective interest rates Unit 3: Compounding and discountingLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Capital investment appraisalUnit 1: Capital investment appraisal and relevant cash flowsUnit 2: Annuities and perpetuitiesUnit 3: Cash flow timingsLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: NPV and IRR

Lesson 4: Payback method

Week Summary

Live session

Additional material

F2 Week 5 optional exam questionsF2 Week 5 graded exam questionsF2 Week 5 further optional exam questions

F2 Week 6

Week 6: Introduction to budgeting

Lesson 1: The nature and purpose of budgeting

Lesson 2: Sales and production budgets

Lesson 3: Materials, labour and overhead budgets

Lesson 4: Master budgets

Week Summary

Live session

Additional material

F2 Week 6 optional exam questions F2 Week 6 graded exam questionsF2 Week 6 further optional exam questions

Lesson 3: NPV and IRRUnit 1: Net Present Value (NPV) methodUnit 2: Internal rate of return (IRR) methodLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Payback methodUnit 1: Non-discounted paybackUnit 2: Discounted paybackLesson 4: SummaryLesson 4: Apply your learning

Week 5: Summary

Week 6: Introduction to budgeting

Lesson 1: The nature of purpose of budgetingUnit 1: Introduction to budgetingUnit 2: The planning and control cycleUnit 3: The budgeting processLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Sales and production budgetsUnit 1: Sales and production budgetsLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Materials, labour and overhead budgetsUnit 1: Raw materials budgetsUnit 2: Labour budgetsUnit 3: Overhead budgetsLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Master budgetsUnit 1: Cash budgetsUnit 2: Budgeted statement of profit or lossUnit 3: Budgeted statement of financial positionLesson 4: SummaryLesson 4: Apply your learning

Week 6: Summary

F2 Week 7

Week 7: Further budgeting

Lesson 1: Capital expenditure budgets

Lesson 2: Fixed and flexible budgets

Lesson 3: Budgetary control and reporting

Lesson 4: Behavioural aspects of budgeting

Lesson 5: Presenting information

Week Summary

Live session

Additional material

F2 Week 7 optional exam questionsF2 Week 7 graded exam questionsF2 Week 7 further optional exam questions

F2 Week 8

Week 8: Standard costing and variance calculation

Lesson 1: Standard costing

Lesson 2: Sales variances

Week 7: Further budgeting

Lesson 1: Capital expenditure budgetsUnit 1: Capital investment planning and controlLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Fixed and flexible budgetsUnit 1: Fixed and flexible budgetsUnit 2: Flexed budgets and simple variancesUnit 3: ‘What if’ analysisLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Budgetary control and reportingUnit 1: Significance of variancesUnit 2: Responsibility accountingLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Behavioural aspects of budgetingUnit 1: MotivationUnit 2: Managerial incentive schemesUnit 3: Approaches to budgetingLesson 4: SummaryLesson 4: Apply your learning

Lesson 5: Presenting informationUnit 1: TablesUnit 2: Bar chartsUnit 3: Graphs and pie chartsUnit 4: ReportsLesson 5: SummaryLesson 5: Apply your learning

Week 7: Summary

Week 8: Standard costing and variance calculation

Lesson 1: Standard costingUnit 1: Standard costing principlesUnit 2: Standard cost per unitLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Sales variancesUnit 1: Sales price variancesUnit 2: Sales volume variancesLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Materials variances

Lesson 4: Labour variances

Week Summary

Live session

Additional material

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

Lesson 1: Variable overhead variances

Lesson 2: Fixed production overhead variances

Lesson 3: Operating statements

Lesson 4: Analysing variances

Week Summary

Live session

Additional material

F2 Week 9 optional exam questionsF2 Week 9 graded exam questions

Lesson 3: Materials variancesUnit 1: Materials total varianceUnit 2: Materials price varianceUnit 3: Materials usage varianceLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Labour variancesUnit 1: Labour total varianceUnit 2: Labour rate varianceUnit 3: Labour efficiency varianceLesson 4: SummaryLesson 4: Apply your learning

Week 8: Summary

Week 9: Overhead variances and variance analysis

Lesson 1: Variable overhead variancesUnit 1: Variable overhead total varianceUnit 2: Variable overhead expenditure varianceUnit 3: Variable overhead efficiency varianceLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Fixed production overhead variancesUnit 1: Fixed production overhead total and expenditure variancesUnit 2: Fixed production overhead volume varianceUnit 3: Fixed production overhead capacity varianceUnit 4: Fixed production overhead efficiency varianceLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Operating statementsUnit 1: Reconciliations under standard absorption costingUnit 2: Reconciliations under standard marginal costingLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Analysing variancesUnit 1: Investigation of variancesUnit 2: Variance analysis reportsLesson 4: SummaryLesson 4: Apply your learning

Week 9: Summary

F2 Week 9 further optional exam questions

F2 Week 10

Week 10: Performance measurement

Lesson 1: Introduction to performance measurement

Lesson 2: Analysing performance measurement

Lesson 3: Monitoring performance

Lesson 4: Cost reductions and value enhancement

Week Summary

Live session

Additional material

F2 Week 10 optional exam questionsF2 Week 10 graded exam questionsF2 Week 10 further optional exam questions

F2 Week 11 Revision Sessions

Week 11 revision webinars

Revision section

Lesson 1: Summing up

Lesson 2: F2 optional practice test

Lesson 3: Revision tests

Week 10: Performance measurement

Lesson 1: Introduction to performance measurementUnit 1: Performance measurement - overviewUnit 2: Critical success factors and key performance indicatorsUnit 3: Balanced scorecardLesson 1: SummaryLesson 1: Apply your learning

Lesson 2: Analysing performance measurementUnit 1: Measures of profitabilityUnit 2: Measures of activityUnit 3: Measures of liquidity and gearing Unit 4: Measures of resource utilisationLesson 2: SummaryLesson 2: Apply your learning

Lesson 3: Monitoring performanceUnit 1: Measuring performance in manufacturing industriesUnit 2: Measuring performance in service industriesUnit 3: Measuring performance in non-profit and public sector

organisationsUnit 4: Assessing managerial performanceUnit 5: BenchmarkingLesson 3: SummaryLesson 3: Apply your learning

Lesson 4: Cost reductions and value enhancementUnit 1: Cost reduction methodsUnit 2: Value analysisLesson 4: SummaryLesson 4: Apply your learning

Week 10: Summary

Unit 1: Summing upUnit 2: Revision strategy

Revision test 1: General management accountingRevision test 2: Cost accounting techniques 1Revision test 3: Cost accounting techniques 2Revision test 4: Forecasting

Revision test 5: Discounted cashflow techniquesRevision test 6: Basis budgetingRevision test 7: Further budgetingRevision test 8: Standard costing and variance calculationRevision test 9: Overhead variances and variance analysisRevision test 10: Performance measurement

Unit 1: The examUnit 2: What comes next?Unit 3: End of course survey

Lesson 4: F2 graded practice test

Lesson 5: What next?