MA1 – Management Information
Course Description
MA1-Management Information aims to develop a candidate their knowledge, understanding and ability of providing basic management information to support management in planning and decision-making in an organization. It is designed to give a candidate the knowledge of basic cost information required for management accounting.
The syllabus is designed as such that introduces candidates to basic costing principles and techniques and the tools with which to use these principles and techniques.
It starts by introducing business organizations and the specific role of management accountant within the organization. As it goes along, cost classifications followed by the identification of sources of information and coding and basic techniques for recording costs, are incorporated to ensure that cost information is properly “ACCURATE”. In addition to that basic presentation of management information using tools and techniques (spreadsheets) are also designed to develop one in being a total support to management.
This course will lead candidates to progress through three discrete levels; Introductory, Intermediate and Advanced. Progressive related papers are MA2, FMA, PM, and APM.
Learning Outcome
On successful completion of this paper, candidates should be able to:
- Explain the nature and purpose of cost and management accounting
- Identify source documents in a costing systems and correctly code data
- Classify costs by nature, behavior and purpose
- Record costs for material, labor and expenses
- Use spreadsheets in Microsoft excel
Certification
You won’t get a certificate for completing this course but if you want to be awarded the “Introductory Certificate in Financial and Management Accounting” you have to pass both the FA1 and MA1 examinations and successfully complete the Foundations in Professionalism module.
Course feature
- Lectures : 30
- Class Test: 04
- Duration: 3 Month
- Skill level: Introductory
- Language: English
- Students: 20
- Certificate :No
- Progress Test: 02
Course Features
- Lectures 22
- Quizzes 7
- Duration 50 hours
- Skill level All levels
- Language English
- Students 2578
- Assessments Yes
- Business organisation
- Introduction to management information
- Classification of costs and cost behaviour
- Coding of costs and income
- Class test 1
- Materials cost
- Materials cost (continued)
- Labour costs
- Labour costs (continued)
- Class test 2
- Progress Test 1
- Expenses and absorption of overheads
- Solve class of Progress Test 1
- Expenses and absorption of overheads (continued)
- Job and batch costing
- Marginal and absorption costing
- Class test 3
- Process costing
- Performance indicators
- Process costing (continued)
- Spreadsheets
- Spreadsheets (continued)
- Class test 4
- Progress Test 2
- Solve class of Progress Test 2
- Revision class 1
- Revision class 2
- Mock Test
- Review of Mock results and exam techniques discussed
