Fundamentals of Management Accounting- BA2

Access Duration - 365 Days
Awarded By  Awarded By "CIMA"
Guided Learning Hour 10 Guided Learning Hours (10)
Course Material Course Material
Number of Modules 01 Number of Modules 01
4.4( 7 REVIEWS )

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What Will I Learn?

Acquire the techniques and knowledge of fundamental accounting
Learn the role of management accounting in a public or commercial sector
Gain the relevant skills to plan, control and make decisions
Identification and classification of costs and their behaviour


This unit Management Accounting BA2 is another stop in your journey to become certified in Business Accounting, your ultimate CIMA Certification Qualification. Having successfully completed the fundamentals of Business Economics, this unit portrays you on the fundamental Management Accounting concepts which will not only lead you to the CIMA qualification but also gain valuable insights on hands-on experience required for employment in the industry.

As any field or industry requires some form of accounting, this unit Management Accounting (BA2) will lay the foundation knowledge required to compete in any industry with respect to Finance and Accounting. Then when considering the fact that Accountants need to be managed by mangers, this unit Fundamentals of Management Accounting (BA2) also underpins the skills essential to become accounting managers.

With 100% online support we can grantee you successful completion of this unit which will lay the foundation for CIMA certification.

Who is the CIMA Foundation Level for?

  • School leavers
  • Small business owners
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy

Entry Requirement

  • The BA2 – Fundamentals of Management Accounting does not require formal entry-level qualifications. Learners must be over the age of 16 and have basic knowledge in Mathematics, ICT and English Language.

  • Why Choose Global Edulink?
  • Syllabus Structure
  • Assessment
  • Exam Details
  • Certification
  • Career Path
  • Excellent pass rate
  • Dedicated panel of instructors
  • High rate of passing for first-time students
  • Become confident with mock exams and practice questions
  • The Context of Management Accounting
  • Costing
  • Planning and Control
  • Decision Making
This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Foundation Level qualification should also successfully pass this test.
This is a computer-based test. The test is made up of multiple choice, number entry and drag and drop question formats. Objective Test
  • Format – Computer-Based
  • Duration – 120 minutes
  • BA2 - 60 objective test questions

(A score of 100 out of 150 will represent a Pass)

Objective tests - GBP95 (Tier 1 per exam)

Please Note : Official Exam is not provided, It should be purchased separately

Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices.
Upon the successful completion of the unit Fundamentals of Management Accounting- BA2, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Certificate in Business Accounting (CIMA Cert BA).

Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the 3 modules in the CIMA Foundation Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment. Companies worldwide, irrespective of their size require the services and knowledge of management accountants. Management Accountants are marketable across multiple industries.

Management Accountant

Course Curriculum

BA2 Fundamentals of Management Accounting
BA2 Fundamentals of Management Accounting
Chapter 1 - Accounting For Management
Management Accounting
Objectives Of Management Accounting
Nature And Scope Of Management Accounting
Limitations Of Management Accounting
The Global Management Accounting Principles
Data And Information
What Makes Good Information?
The Different Levels Of Planning
Comparison Of Management Accounting With Financial Accounting
CIMA’s Professional Standards
Chapter 2 - Cost Classification And Behaviour
CIMA’s Professional Standards
Direct & Indirect Cost
Manufacturing & Non-Manufacturing Cost
Product & Period Cost
Job & Process Cost
Cost Behaviours
Fixed Costs
Variable Costs
Mixed Costs
Chapter 3 - Semi Variable Costs
High-Low Method
The Correlation Coefficient
Coefficient Of Determination
Chapter 4 - Accounting For Overheads
Absorption Of Overheads
Reapportionment Of Service Cost Centre Overheads
Chapter 5 - Absorption Costing
Absorption Costing Income Statement
The Effect Of Absorption And Marginal Costing On Inventory Valuation And Profit Determination
Comparison On Impacts Of Inventory On Net Profit
Why Are There Two Systems?
Calculation Of Fixed Manufacturing Overhead Absorption Rate (OAR)
Chapter 6 - Marginal Costing
The Contribution Concept
Marginal Costing Income Statement
Chapter 7 – Cost Plus Pricing
Full Cost-Plus Pricing
Marginal Cost-Plus Pricing
Chapter 8 – Budgeting
Functional Budgets
Master Budget
Cash Budget
Fixed Budget
Flexible Budget
Flexed Budget
Chapter 9 - Variance Analysis
Standard Costing
Sales Variance
Material Variances
Labor Variances
Variable Overhead Variances
Fixed Overhead Expenditure Variance
Chapter 10 - Performance Measurement
Critical Success Factors
Performance Indicators And Key Performance Indicators
Chapter 11 - Financial Performance Measurement
Chapter 12 - Non-Financial Performance Measurement
Financial Performance Measurements
Non-Financial Performance Measurement
Service Industries
Chapter 13 – Integrated Cost Accounting
Chapter 14 – Probability
Simple Probabilities
Joint Probabilities
Expected Values
Advantages And Disadvantages Of Expected Values
Chapter 15 - Measures Of Average And Of Dispersion
Frequency Distribution
Measures Of Average
Measures Of Dispersion
Chapter 16 - The Normal Distribution
Characteristics Of The Normal Distribution
Chapter 17 – Break-Even Analysis
Components Of Break-Even Analysis
Calculation Of Break-Even Analysis
Margin Of Safety
Contribution To Sales Ratio
Break-Even Chart
Profit-Volume Chart
Chapter 18 - Limited Factor Analysis And Make Or Buy Decisions
Limited Factor Analysis
Six-Step Approach
Make Or Buy Decisions
Chapter 19 – Interest
Simple Interest
Compound Interest
Effective Rate
Chapter 20 - Investment Appraisal
Net Present Value
Internal Rate Of Return
Payback Period

Students feedback


Average rating (7)
5 Star
4 Star
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1 Star
    C W

    Casey Walsh

    July 11, 2020
    In-depth knowledge

    I was able to gain an in-depth knowledge in accounting, management and business principles. The course was very informative and very useful for me to understand all the concepts related to business accounting. I definitely recommend the course to students who want to learn about this subject.

    S Y

    Steff Young

    June 17, 2020

    The course is well constructed.

    B C

    Brice Cooper

    June 11, 2020
    A great course

    A great course for finance beginners or managers who didn’t study finance before and understanding the role of management accounting in a public or commercial sector.

    M K

    Maddox Knight

    June 02, 2020
    Learned a lot

    One of the best courses that I have ever taken. I learned a great deal about accounting. I liked it very much because it was easy to follow and to understand. I was able to acquire the techniques and knowledge of management accounting.

    R R

    Rory Robertson

    May 26, 2020

    I found this course well-taught and thoughtful. I think the course will help me better understand finances.

    L B

    Lesley Burns

    May 16, 2020
    Good content

    Good content and easy to understand.

    K J

    Kiran Jordan

    May 02, 2020
    Excellent opportunity

    This course is an excellent opportunity to understand the fundamentals in a sorted and easy way. This course is really helpful especially for those who are in the Accounting field. This will give more practical view on what we already know.

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