ACCA F2 Manacc 1 Management Information December 2012
ACCA F2 Manacc 1 Management Information December 2012
ACCA F2 Manacc 1 Management Information December 2012
The Syllabus
The Syllabus
A. Nature, source and purpose of
management information
1. Accounting for management
2. Sources of data
3 Cost classification
4 Presenting information
ACCA F2 Management Accounting November 2012
The Syllabus
B. Cost accounting techniques
The Syllabus
C. Budgeting
The Syllabus
D. Standard costing
The Syllabus
E. Performance measurement
The Examinations
- two hour examination
- questions will assess all parts of the
syllabus
- questions will test knowledge and
comprehension or application of
this knowledge
- examination will consist of two 50
mark questions.
ACCA F2 Management Accounting November 2012
Tonight
A. Nature, source and purpose of
management information
ACCOUNTING FOR
MANAGEMENT
a) Purpose and role of cost and
management accounting:
- to assist management in running the
business
- by providing good information
- usually in the form of reports
- so as to improve the performance of
the business
ACCA F2 Management Accounting November 2012
- have a purpose
- be relevant to the purpose
- be understandable
- be timely
- be accurate
- be complete
- communicated to the right person
- communicated through the right channels
ACCA F2 Management Accounting November 2012
SOURCES OF DATA
Complete or sampled
Other?
ACCA F2 Management Accounting November 2012
Managerial processes: planning, decision-making, control
The Syllabus
The Syllabus
A. Nature, source and purpose of
management information
1. Accounting for management
2. Sources of data
TONIGHT:
3 Cost classification
4 Presenting information
ACCA F2 Management Accounting November 2012
3. Cost classification
a) Production and non-production costs
b) Elements of non-production costs: administrative,
selling, distribution and finance
c) Elements of production costs: materials, labour and
overheads
d) Explain the importance of the distinction between
production and non-production costs when valuing
output and inventories
e) Classifications used in analysis of product/service costs:
- by function,
- direct and indirect,
- fixed and variable,
- stepped, fixed, and semi variable costs
ACCA F2 Management Accounting November 2012
4. Presenting information
a) Prepare written reports representing
management information in suitable formats
according to purpose
b) Present information using tables, charts and
graphs (bar charts, line graphs, pie charts
and scatter graphs)
c) Interprete information (including the above
tables, charts and graphs) presented
in management reports
ACCA F2 Management Accounting November 2012
• Questions?
• Comments?
ACCA F2 Management Accounting November 2012