Management Accounting aims to equip learners with the knowledge to prepare company accounts and influence company managers in making effective financial decisions.
Main Topics of Study:
The Construction of Financial Statements
- Company accounts
- Cash-flow statements
Using Accounting Information
- Analysis of published financial statements
- Interpretation of Financial Statements
- Accounting standards
Management Accounting
- Marginal costing and Income Statements
- Absorption Costing and Income Statements
- Classification of Costs
- ~By Element
- ~By Function
- ~By Nature
- Capital Budgeting
- ~Budgeting for Manufacturing and Services
- Capital investment Decision and appraisal
- ~Accounting rate of return
- ~Net present value
- ~Internal rate of return
Accounting Ethics
- International Code of Ethics for Accountants
- Ethical Values and principles
- Ethics in the work environment
- Unethical behaviour and stakeholder reporting
- Whistleblowing
- Legal requirement to report
Example Candidate Response Booklet
Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).
