Why Management Information (MA1) is introduced?
To gain knowledge and understanding of the provision of fundamental management information in an organization to aid in planning and decision-making.
Syllabus of MA1 Management Information
The Management Information syllabus introduces candidates to the principles and techniques of basic costing, as well as the instruments with which to apply these principles and techniques.
The syllabus begins with an overview of business organizations and the management accountant's specific role within the organization. The following section deals with cost classification, followed by the identification of information sources and coding, to ensure that cost data is properly classified.
The curriculum then introduces fundamental cost-recording methods.
Finally, it introduces candidates to spreadsheets as an important tool in cost and management accounting.
Main capabilities
- Explain the nature and purpose of cost and management accounting.
- In a costing system, identify source documents and correctly code data.
- Costs should be classified according to their nature, behavior, and purpose.
- Keep track of the costs of materials, labor, and expenses.
- Make use of Microsoft Excel spreadsheets.
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