Last Updated: Aug 12, 2026
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The nature and purpose of management accounting 60%
Cost classification and cost-volume-profit analysis 20%
Types of product costing 10%
Budgeting and variance analysis 30%
Performance measurement 40%
Short-term and long-term decision-making 30%
Inventory and pricing decisions 10%
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| Section | Objectives |
|---|---|
| Topic 1: Cost Classification and Behavior | - Fixed, variable, and semi-variable costs - Direct and indirect costs |
| Topic 2: Performance Measurement | - Financial and non-financial performance indicators - Basic business performance evaluation |
| Topic 3: Standard Costing and Variance Analysis | - Material, labour, and overhead variances - Interpretation of variances |
| Topic 4: Introduction to Management Accounting | - Nature, purpose, and role of management accounting - Cost accounting vs financial accounting |
| Topic 5: Budgeting | - Budget preparation and control - Flexible budgets and variance analysis |
| Topic 6: Recording and Accounting for Costs | - Materials, labour, and overhead accounting - Cost allocation and apportionment |
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