In C01: Fundamentals of Management Accounting, you learn basic techniques to identify and control costs, cost management, how to prepare budget statements and how to make decisions using different analysis techniques.

C01: Fundamentals of Management Accounting

In C01 you learn basic techniques to identify and control costs, cost management, how to prepare budget statements and how to make decisions using different analysis techniques.

You’ll also learn about:

  • Preparing integrated accounts in a costing environment
  • Using break-even analysis in making short-term decisions and other basic approaches to decision making
  • The role of management accountants in business
  • The role of CIMA

Syllabus Overview

This paper deals with the basic techniques for the identification and control of costs and cost management. It introduces the context of management accounting in commercial and public sector bodies and its wider role in society. It identifies the position of the management accountant within organisations and the role of CIMA.

Classification of costs and cost behaviour provides a basis for understanding the various tools available for planning, control and decision making. Budgetary control requires the setting of targets and standards while the analysis of variances demonstrates the levels of performance within organisations. Accounting control mechanisms are identified and applied to provide information to managers to achieve operational efficiency. Investment appraisal, break-even analysis and profit maximizing are used to aid both long and short-term decision making.

Course Curriculum

CIMA CBA C01-A: The context of management accounting (10%)
CIMA CBA C01-A1: Explain the purpose of management accounting.
CIMA CBA C01-A1: Explain the purpose of management accounting. Details 00:00:00
Quiz CIMA CBA C01-A1: Explain the purpose of management accounting. 00:00:00
CIMA CBA C01-A2: Explain the role of the management accountant.
CIMA CBA C01-A2: Explain the role of the management accountant. Details 00:00:00
Quiz CIMA CBA C01-A2: Explain the role of the management accountant. 00:00:00
CIMA CBA C01-A3: Explain the role of CIMA as a professional body for management accountants.
CIMA CBA C01-A3: Explain the role of CIMA as a professional body for management accountants. Details 00:00:00
Quiz CIMA CBA C01-A3: Explain the role of CIMA as a professional body for management accountants. 00:00:00
CIMA CBA C01-B: Cost identification and behaviour (25%)
CIMA CBA C01-B: Cost identification and behaviour (25%) Details 00:00:00
Quiz CIMA CBA C01-B: Cost identification and behaviour (25%) 00:00:00
CIMA CBA C01-B1: Apply methods for identifying cost.
CIMA CBA C01-B1: Apply methods for identifying cost. Details 00:00:00
Quiz CIMA CBA C01-B1: Apply methods for identifying cost. 00:00:00
CIMA CBA C01-B2: Demonstrate cost behaviour.
CIMA CBA C01-B2: Demonstrate cost behaviour. Details 00:00:00
Quiz CIMA CBA C01-B2: Demonstrate cost behaviour. 00:00:00
CIMA CBA C01-C: Planning within organisations (30%)
CIMA CBA C01-C1: Prepare budgetary control statements.
CIMA CBA C01-C1: Prepare budgetary control statements. Details 00:00:00
Quiz CIMA CBA C01-C1: Prepare budgetary control statements. 00:00:00
CIMA CBA C01-C2: Prepare statements of variance analysis.
CIMA CBA C01-C2: Prepare statements of variance analysis. Details 00:00:00
Quiz CIMA CBA C01-C2: Prepare statements of variance analysis. 00:00:00
CIMA CBA C01-D: Accounting control systems (20%)
CIMA CBA C01-D1: Prepare integrated accounts in a costing environment.
CIMA CBA C01-D1: Prepare integrated accounts in a costing environment. Details 00:00:00
Quiz CIMA CBA C01-D1: Prepare integrated accounts in a costing environment. 00:00:00
CIMA CBA C01-D2: Prepare financial statements for managers.
CIMA CBA C01-D2: Prepare financial statements for managers. Details 00:00:00
Quiz CIMA CBA C01-D2: Prepare financial statements for managers. 00:00:00
CIMA CBA C01-E: Decision making (15%)
CIMA CBA C01-E1: Demonstrate the use of break-even analysis in making short-term decisions.
CIMA CBA C01-E1: Demonstrate the use of break-even analysis in making short-term decisions. Details 00:00:00
Quiz CIMA CBA C01-E1: Demonstrate the use of break-even analysis in making short-term decisions. 00:00:00
CIMA CBA C01-E2: Apply basic approaches for use in decision making.
CIMA CBA C01-E2: Apply basic approaches for use in decision making. Details 00:00:00
Quiz CIMA CBA C01-E2: Apply basic approaches for use in decision making. 00:00:00
CIMA CBA C01-E3: Demonstrate the use of investment appraisal techniques in making long-term decisions.
CIMA CBA C01-E3: Demonstrate the use of investment appraisal techniques in making long-term decisions. Details 00:00:00
Quiz CIMA CBA C01-E3: Demonstrate the use of investment appraisal techniques in making long-term decisions. 00:00:00

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