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CIMA CIMAPRA17-BA2-1 Exam Syllabus


BA2 - Fundamentals of Management Accounting

Total Questions: 382

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CIMA CIMAPRA17-BA2-1 Exam Overview :

Exam Name BA2 - Fundamentals of Management Accounting
Exam Code CIMAPRA17-BA2-1
Official Information https://www.cimaglobal.com/Qualifications/cert-ba/
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CIMA CIMAPRA17-BA2-1 Exam Topics :

Section Weight Objectives
A. The Context of Management Accounting 10%
1. Explain the purpose of management accounting and the role of the Management Accountant.
(a) Explain the need for management accounting
(b) Explain the characteristics of financial information for operational, managerial and strategic levels within organisations
(c) Explain the role of the management accountant
(d) Explain the relationships between the management accountant and the organisation’s managers
2. Explain the role of CIMA as a professional body for Management Accountants
(a) Explain the role of CIMA in developing the practice of management accounting
B. Costing 25%
1. Demonstrate cost identification and classification.
(a) Explain the classification of costs in relation to output
(b) Explain the classification of costs in relation to activity level
(c) Calculate appropriate costs having identified cost behaviour
(d) Explain the classification of costs in relation to decisions
2. Apply absorption costing and marginal costing
(a) Prepare overhead cost statements
(b) Calculate the full cost of products, services and activities
(c) Calculate the marginal cost of products, services and activities
(d) Reconcile the differences between profits calculated using absorption costing and those calculated using marginal costing
(e) Apply cost information in pricing decisions
C. Planning and Control 30%
1. Prepare budgets for planning and control.
(a) Explain why organisations prepare forecasts and plans
(b) Prepare functional budgets
(c) Explain budget statements
(d) Identify the impact of budgeted cash surpluses and shortfalls on business operations
(e) Prepare a flexible budget
(f) Calculate budget variances
2. Apply variance analysis to reconcile budgeted and actual profits in a marginal format
(a) Explain why planned standard costs, prices and volumes are useful
(b) Calculate variances for materials, labour, variable overheads, sales prices and sales volumes
(c) Prepare a statement that reconciles budgeted profit with actual profit calculated using marginal costing
(d) Explain why variances could have arisen and the inter-relationships between variances
3. Calculate appropriate financial and non-financial performance measures.
(a) Explain the need for appropriate performance measures
(b) Calculate appropriate financial and nonfinancial performance measures in a variety of contexts
4. Prepare accounts and reports for managers.
(a) Explain the integration of the cost accounts with the financial accounting system
(b) Prepare a set of integrated accounts, showing standard cost variances
(c) Prepare appropriate accounts for job and batch costing
(d) Prepare reports in a range of organisations
D. Decision Making 35%
1. Demonstrate the impact of risk.
(a) Explain the concepts of risk and uncertainty
(b) Demonstrate the use of expected values and joint probabilities in decision making
(c) Calculate summary measures of central tendency and dispersion for both grouped and ungrouped data
(d) Demonstrate the use of the normal distribution
2. Demonstrate the use of appropriate techniques for short-term decision making
(a) Apply breakeven analysis
(b) Demonstrate make or buy decisions
(c) Calculate the profit maximising sales mix after using limiting factor analysis
3. Demonstrate the use of appropriate techniques for long-term decision making.
(a) Explain the time value of money
(b) Apply financial mathematics
(c) Calculate the net present value, internal rate of return and payback for an investment or project

Updates in the CIMAPRA17-BA2-1 Exam Syllabus:

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