MA2 - [2021] - Managing Costs and Finances - STUDY TEXT and EXAM KIT - BPP

Why Managing Costs and Finances (MA2) is introduced?

To develop knowledge and understanding of how basic cost information can be prepared, processed, and presented to support management in planning and decision-making in a range of business contexts.

Syllabus of MA2 Managing Costs and Finances

The MA2 syllabus, Cost and finance management, introduces candidates to the principles and techniques of costing and funding, and management accounting elements that are used to make and support decisions.

The syllabus starts with the introduction of management information by candidates who clearly distinguish it from financial accounting information.

The next section introduces the basics of the MA2 syllabus, Cost and Finance Management introduces the principles and techniques of applicant costing and financing, and the accounting elements of management used to make and support decisions.

The next section of the syllabus introduces candidates to the application of management accounting in support of decision-making.

Finally, the syllabus introduces and discussed the notion of cash management as an essential element of planning.

Main capabilities

To Completion of the exam successfully, candidates should be able to:

• Explain the role of costs within the organization and how costs are categorized
• Describe and record costs by categorization
• Explain and apply techniques for cost accounting
• Use accounting management techniques to make decisions and support them.
• Explain cash management principles

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