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Management Accounting - P1

4.3( 4 REVIEWS )
62 STUDENTS
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£59 (inc. VAT)
  • 365 Days
  • Diploma
  • Wishlist
  • Awarded by 'CIMA'
  • 10Guided Learning Hours
  • Course Material
  • 01 Number of Modules

What Will I Learn?

Learn about costing methods and techniques, why costing is done and where digital costing can be applied.
Why it is important to collect data and upon eUnderstand budgets, how they are prepared and implemented within an organisation. What is the impact of budgets? xamination learn how it creates value for the organisation.
Understand the types of short-term decisions made by an organisation, and learn the techniques to support these short-term decisions
Learn to apply risk management tools in the short term decision making process

Overview

This unit Management Accounting (P1) which is part of CIMA qualification in diploma in Management Accounting provides you an in-depth understanding of the management activities and principles associated with Accounting. Costing factors as well as risks and uncertainties engrained in accounting entities are covered with this course P1.

With Management being one of the key components in accounting arena you will learn all the skills necessary to not just pass the exam but also the skills and knowledge required for hands on industrial experience in the work place.

As this is the final unit to your pathway to CIMA qualification in diploma in Management Accounting you are one step away from the final qualification.

With our 100% support we can assure you that you will successfully complete this unit Management Accounting (P1) as well as the certification.

  • Why choose Global Edulink for CIMA Operational Level?
  • Who is the CIMA Operational Level for?
  • Entry Requirement
  • Syllabus Structure
  • Assessment
  • Exam Details
  • Certification
  • Career Path
  • Excellent pass rate
  • Dedicated panel of instructors
  • High rate of passing for first-time students
  • School leavers
  • Students or members of other professional bodies
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy
  • CIMA certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level [level 4]
  • Cost Accounting for decision and control
  • Budgeting and budgetary control
  • Short term commercial decision making
  • Risk and uncertainty in the short term

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 Operational Level qualification should also successfully pass this test.

The objective test must be passed before the learner books the case study exam.

This is an entry level finance exam that will allow the learner to demonstrate if they have acquired the relevant skills, techniques and knowledge to be displayed in that role. The exam will comprise of a computer-based objective test and 1 case study exam.

 Objective Test

  • Format – Computer-Based
  • Duration – 90 Minutes
  • Results – Provisional results available followed by confirmation within 48 hours

(A score out of 150 is given, with 100 representing a Pass)

Operational level objective tests -  GBP110 (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. https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Fees/
Upon the successful completion of the unit Management Accounting - P1, 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 Diploma in Management Accounting (CIMA Dip MA).

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 modules in the CIMA Operational Level 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 https://www.payscale.com/research/UK/Job=Management_Accountant/Salary

Key Features

Gain an Accredited UK Qualification

Access to Excellent Quality Study Materials

Learners will be Eligible for TOTUM Discount Card

Personalised Learning Experience

UK Register of Learning Providers Reg No : 10053842

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Course Curriculum

P1: Management Accounting
P1: Management Accounting 00:00:00
Chapter 1 - Accounting For Management
Introduction 00:00:00
The Definition Of Management Accounting 00:00:00
Objectives Of Management Accounting 00:00:00
Nature And Scope Of Management Accounting 00:00:00
Limitations Of Management Accounting 00:00:00
The Global Management Accounting Principles 00:00:00
Data And Information 00:00:00
What Makes Good Information? 00:00:00
The Main Managerial Processes 00:00:00
The Different Levels Of Planning 00:00:00
Comparison Of Management Accounting With Financial Accounting 00:00:00
Chapter 2 - Cost Classification And Behaviour
Cost Classification 00:00:00
Cost Behaviours 00:00:00
Chapter 3 - Semi Variable Costs
High-Low Method 00:00:00
Regression 00:00:00
The Correlation Coefficient 00:00:00
Coefficient Of Determination 00:00:00
Chapter 4 - Accounting For Overheads
Introduction 00:00:00
Absorption Of Overheads 00:00:00
Reapportionment Of Service Cost Centre Overheads 00:00:00
Chapter 5 - Absorption Costing
Introduction 00:00:00
Absorption Costing Income Statement 00:00:00
The Effect Of Absorption And Marginal Costing On Inventory Valuation And Profit Determination 00:00:00
Calculation Of Fixed Manufacturing Overhead Absorption Rate (OAR) 00:00:00
Chapter 6 - Marginal Costing
Introduction 00:00:00
The Contribution Concept 00:00:00
Chapter 7 - Activity Based Costing
Introduction 00:00:00
ABC Cost Hierarchy 00:00:00
Strengths / Weaknesses Of ABC Costing 00:00:00
Chapter 8 - Limiting Factor Analysis And Throughput Accounting
Limited Factor Analysis 00:00:00
Six-Step Approach 00:00:00
Limitations 00:00:00
Theory Of Constraints And Throughput 00:00:00
Throughput Accounting 00:00:00
Formula And Ratios 00:00:00
TPAR –Throughput Accounting Ratio 00:00:00
Benefits And Drawbacks 00:00:00
Chapter 9 - Joint Product Costing
Definition And Meaning Of Joint Products 00:00:00
Accounting Treatment For Joint Products 00:00:00
Accounting Treatment For By-Products 00:00:00
Physical Unit Basis 00:00:00
Market Value Basis 00:00:00
Net-Realisable Value Approach 00:00:00
Chapter 10 - Other Costing Issues
Introduction 00:00:00
Costing Of Digital Products 00:00:00
CGMA’s Cost Transformation Model 00:00:00
Digital Costing Systems 00:00:00
Chapter 11 - Linear Programming
Introduction 00:00:00
Linear Programming 00:00:00
Slack 00:00:00
Shadow (Or Dual) Prices 00:00:00
Chapter 12 - Standard Costing And Basic Variance Analysis
Introduction 00:00:00
Standard Costs 00:00:00
Uses Of Standard Costing 00:00:00
Limitations Of Standard Costing 00:00:00
McDonaldisation 00:00:00
Variance Analysis 00:00:00
Analysis Of Variances 00:00:00
Chapter 13 - Advanced Variances
Introduction 00:00:00
Planning And Operational Variances 00:00:00
Sales Mix Variances 00:00:00
Activity Based Costing Variances 00:00:00
Chapter 14 - Budgeting
Introduction 00:00:00
Functional Budgets 00:00:00
Cash Budget 00:00:00
Fixed Budget 00:00:00
Flexible Budget 00:00:00
Flexed Budget 00:00:00
Behavioral Aspects 00:00:00
Methods Of Budgeting 00:00:00
Budgeting In A Digital Age 00:00:00
Chapter 15 - Forecasting Techniques
Introduction 00:00:00
Semi Variable Costs 00:00:00
High-Low Method 00:00:00
Regression Analysis 00:00:00
Time Series Analysis 00:00:00
Chapter 16 - Risk And Uncertainty
Introduction 00:00:00
Risk Vs. Uncertainty 00:00:00
Risk Profiles 00:00:00
Decision Making Techniques (Risk And Uncertainty) 00:00:00
Expected Values 00:00:00
Decision Rules 00:00:00
Decision Trees 00:00:00
Sensitivity Analysis 00:00:00
Standard Deviation 00:00:00
Chapter 17 - Relevant Costing
Introduction 00:00:00
Relevant Costing 00:00:00
Relevant Costs And Irrelevant Costs 00:00:00
Shutdown Problems 00:00:00
Make Or Buy Decisions 00:00:00
Chapter 18 - Cost Volume Profit Analysis
Introduction 00:00:00
Components Of Break-Even Analysis 00:00:00
Calculation Of Break-Even Analysis 00:00:00
Margin Of Safety 00:00:00
Contribution To Sales Ratio 00:00:00
Target Profit 00:00:00
Break-Even Chart 00:00:00
Profit-Volume Chart 00:00:00
Multi Product CVP Analysis 00:00:00
Limitations of CVP Analysis 00:00:00

Students feedback

4.3

Avarage rating (4)
4.3
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1 Star
    J P

    Jody Powell

    July 04, 2020 - 5:33pm
    Wonderful

    This course was wonderfully thought out and very well organised. The examples are all very well laid out to help you further understand this course. The quizzes were simple, but they did help reinforce the information taught in each module.

    G M

    Gabe Murray

    May 30, 2020 - 9:44am
    Easy to follow

    Very easy to follow.

    T F

    Tyler Fisher

    May 12, 2020 - 2:43pm
    Concise

    Meaningful and concise information presented in an easy to learn manner. I really appreciate how well put together this program is.

    B J

    Blake Johnston

    April 12, 2020 - 7:52pm
    Outstanding tutoring

    The tutor was outstanding and I learned a great deal by taking this course. The material was expansive and the instructions I received helped me gain the desired results.

Buy Now
£59 (inc. VAT)
  • 365 Days
  • Diploma
  • Wishlist
  • Awarded by 'CIMA'
  • 10Guided Learning Hours
  • Course Material
  • 01 Number of Modules
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