ACCA Tuition: MA2 Managing Costs and Finances

Duration: 14 weeks

To develop knowledge and understanding of how to prepare, process and present basic cost information to support management in planning and decision-making in a variety of business contexts

  • ACCA Tuition
  • Intermediate Certificate

Interested in attending? Have a suggestion about running this course near you?
Register your interest now


SAVE 10%!!! Bundle this course with  Maintaining Financial Records (FA2)  to achieve:  Intermediate Certificate in Financial and Management Accounting


The syllabus for Paper MA2, Managing Costs a n d finances, introduces candidates to costing and financing principles and techniques, and elements of management accounting which are used to make and support decisions.
The syllabus starts by introducing candidates to management information clearly distinguishing it from financial accounting information. The next section introduces the basics of recording costs in management accounting.. This is followed by coverage of a variety of costing techniques used in business.
The next area of the syllabus introduces candidates to the use of management accounting in support of decision making. Finally the syllabus introduces the concept of cash management as an essential element for planning.

On successful completion of this paper, candidates should be able to:
A Explain the role of costing within the organisation and how costs are classified
B Describe and record costs by classification
C Explain and apply cost accounting techniques
D Use management accounting techniques to make and support decision-making.
E Explain principles of cash management

A Management information
1. Management information requirements
2 Cost accounting systems
3 Cost classification
4. Information for comparison
5. Reporting management information

B Cost recording
1. Accounting for materials
2. Accounting for labour
3 Accounting for other expenses

C Costing techniques
1. Absorption costing
2. Marginal costing
3 Job and batch costing
4 Process costing
5 Service costing

D Decision making
1. Cost- volume- profit analysis
2. Factors affecting short term decision making
3. Principles of discounted cash flow

E Cash management
1. Nature of cash and cash flow
2. Cash management
3. Cash budgets
4. Investing and financing

Target audience

To achieve Intermediate Certificate in Financial and Management Accounting, take both of these classes:

Advantage Caribbean Institute