The aim of the syllabus is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control.
On successful completion of this exam, candidates should be able to:
- Identify and discuss the information, systems and developments in technology required for organisations to manage and measure performance.
- Explain and apply cost accounting techniques.
- Select and appropriately apply decision-making techniques to facilitate business decisions and promote efficient and effective use of scarce business resources, appreciating the risks and uncertainty inherent in business and controlling those risks.
- Identify and apply appropriate budgeting techniques and methods for planning and control and use standard costing systems to measure and control business performance and to identify remedial action.
- Assess the performance of an organisation from both a financial and non-financial viewpoint, appreciating the problems of controlling divisionalised
businesses and the importance of allowing for external aspects.
- Information, technologies and systems for organisational performance
- Specialist cost and management accounting techniques
- Decision-making techniques
- Budgeting and control
- Performance measurement and control