This course gives you a basic understanding of Management Accounting such as what is management accounting, purpose of management accounting, types of data, methods of presenting data, types of costs etc.

Topics covered:

  • Introduction to Management Accounting
  • Data and Information
  • Sources of Data
  • Presenting Information
  • Cost Classification and Behavior
  • High Low Method

Course Key Concepts: Management Accounting, ACCA, ACCA F2, ACCA MA, Management Accounting Basics, ACCA courses.

Learning Objectives
  • Identify the purpose and role of cost and management accounting within an organization.
  • Recognize the difference between financial accounting with cost and management accounting.
  • Identify the difference between strategic, tactical and operational planning.
  • Recognize difference between data and information.
  • Identify and explain the attributes of good information.
  • Identify the difference between primary and secondary information.
  • Explore cost classifications based on element, nature, function and behavior.
  • Discover the methods of presenting management information.
  • Identify fixed and variable cost in a semi variable cost.
Last updated/reviewed: August 10, 2023
14 Reviews (48 ratings)

Reviews

2
Member's Profile
Content and material was very sloppy. Overall the instructor was incredibly knowledgeable, however one of the key concepts of Mgmt Accounting is the usefulness and presentation of information and yet the information presented was poorly presented.

3
Anonymous Author
Good overview of management accounting. However, I would highly recommend the instructor not utilize handwritten notes on slides. Personally view this as unprofessional. Additionally, I found several questions to be unclear.

3
Member's Profile
Presentation is a bit repetitive, and the presenter does not go into much depth or use examples very consistently throughout the presentation. Speaks very matter of factly without much nuance.

5
Anonymous Author
So much of accounting focuses on GAAP and external users to the financial statements, but internal costing is something we are exposed to less in academics, and it is good to know it.

4
Anonymous Author
Managerial accounting is super useful as the business world is hyper competitive. You need to know what's driving the results.

3
Anonymous Author
The content in the video portions of the course is done well. The content in the reading pieces could be much better.

4
Anonymous Author
This is a very textbook class, not necessarily tied to actual practice. Slides were very difficult to read.

5
Anonymous Author
Nice touch to have the downloaded materials be scanned with extra assistance on them!

3
Anonymous Author
Not my favorite exam. Tricky questions that were not covered as part of the course

5
Member's Profile
I recommend this course to all accountants. This is a very comprehensive course.

4
Anonymous Author
Very practical explanation of basic management accounting principles

3
Anonymous Author
Good overview but the slides aren't very helpful in the final exam.

4
Member's Profile
Too many handwriting in the slides, and no OCR, difficult to search

4
Anonymous Author
Handwriting and speech a bit difficult to understand

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
This course was created to cover “The nature, source and purpose of management information (Section A)” in ACCA Management Accounting (MA) subject. However, any other student who needs the knowledge of basic management accounting, can enroll for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Accounting for Management4:26
  Areas of Management Accounting and Levels of Planning9:18
  Financial Accounting Vs Management Accounting9:12
  Data and Information17:18
  Sources of Data15:52
  Presenting Information14:50
COST CLASSIFICATION AND BEHAVIOUR
  Cost Classification by Element and By Nature18:52
  Cost Classification by Function13:46
  Cost Classification by Behavior17:46
  Comprehensive Example20:15
  Cost Card9:44
  Analyzing Cost13:14
  Cost Codes9:00
  High Low Method20:02
CONTINUOUS PLAY
  Basic Understanding of Management Accounting3:13:35
SUPPORTING MATERIAL
  Slides: Basic Understanding of Management AccountingPDF
  Basic Understanding of Management Accounting Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam