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ACCA F2 management Accounting syllabus

ACCA F2 management Accounting syllabus

ACCA F2 management Accounting syllabus : Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974. Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA F2 management Accounting syllabus

ACCA F2 management Accounting syllabus :  ACCA has introduced new question types, known as Multi-Task Questions (MTQs), into the paper and computer based exams for F2 Management Accounting:

Multi-task questions (MTQs) contain a series of tasks which relate to one or more scenarios.

ACCA F2 management Accounting syllabus : 

A The nature, source and purpose of management information

1. Accounting for management

2. Sources of data

3 Cost classification

4 Presenting information

B Cost accounting techniques.

1. Accounting for material, labour and overheads

2. Absorption and marginal costing

3. Cost accounting methods

4. Alternative cost accounting principles

C Budgeting

1. Nature and purpose of budgeting

2. Statistical techniques

3. Budget preparation

4. Flexible budgets

5 Capital budgeting and discounted cash flow

6 Budgetary control and reporting

7. Behavioural aspects of budgeting

D Standard costing

1 Standard costing system

2 Variance calculations and analysis

3 Reconciliation of budgeted and actual profit

E Performance measurement

1. Performance measurement – overview

2 Performance measurement – application

3 Cost reductions and value enhancement

4. Monitoring performance and reporting

ACCA F2 management Accounting syllabus :

The syllabus is assessed by a two hour paper-based or computer-based examination. Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge. The examination will consist of two sections. Section A will contain 35 two mark objective questions. Section B will contain 3 ten mark multi-task questions each of which will examine Budgeting, Standard costing and Performance measurement sections of the syllabus.

ACCA F2 management Accounting syllabus : Study plan checklist

Calculate the number of weeks from now until your exam date and draw up a plan.

Block out days/half days/ evenings already committed to family/social events

Plan study periods – evenings/ half days/full days,

aiming for roughly one evening/half day per chapter of your study text Leave a six week period for the revision and final preparation phases.

ACCA F2 management Accounting syllabus : 

Main capabilities : This syllabus’s aim is broken down into several main capabilities which divide the syllabus and study guide into discrete sections. Relational diagram of main capabilities This diagram illustrates the flows and links between the main capabilities (sections) of the syllabus and should be used as an aid to planning teaching and learning in a structured way.

Syllabus rationale :This is a narrative explaining how the syllabus is structured and how the main capabilities or sections of the syllabus are linked. The rationale also explains in further detail what the examination intends to assess and how. Detailed syllabus This shows the breakdown of the main capabilities (sections) of the syllabus into subject areas. This is the blueprint for the detailed study guide. Approach to examining the syllabus This section briefly explains the structure of the examination and how it is assessed.

ACCA F2 management Accounting syllabus : 

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For other exam related information visit www.cakart.in

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