CIMA PAPER C01 Fundamentals of Management Accounting
The CIMA qualification Certificate in Business Accounting The CIMA Certificate in Business Accounting is separated from, and is the entry requirement to, the CIMA Professional Qualification. All five papers are tested entirely by computer based assessment (CBA) which are available throughout the year and can be taken at your local FTC Kaplan centre or any other CIMA approved CBA centre. There are no restrictions on the order in which papers are attempted, but we recommend that you study the Financial Accounting paper before the Management Accounting paper.
This CIMA Certificate level self study workbook series contains everything you need to know to pass your exam. Consisting of five papers in total C01, C02, C03, C04 and C05. All papers must be completed to achieve the certificate in Business Accounting. This workbook is paper C01.
Â· It combines the theory and the practice in a unique way that will help you prepare for the assessment in the shortest possible time. Key features:
Â· Relevant text that fully covers the syllabus, well-written in a pragmatic and stimulating style
Â· Key points that will teach you the most relevant syllabus topics
Â· Plenty of diagrams and flowcharts, examples and exercises
Â· Numerous assessment-standard questions that will test your knowledge and develop assessment techniques
Enclosed CD provides practice in exam-like environment â€“ you have the option of creating a progress test and a mock that will show you what exactly you can expect to achieve on the assessment day.
Management Accounting Fundamentals is an introduction to management accounting for students with limited knowledge or no knowledge of this subject. While this paper focuses on the application of fundamental methods and techniques, students are also expected to have an understanding of when and when not to use them. Students must also appreciate the contribution made by information technology to management accounting.
This syllabus aims to test the studentâ€™s ability to:
Â· explain the basic concepts and processes used to determine product and service costs;
Â· explain absorption cost, marginal cost, opportunity cost, notional cost and relevant cost concepts;
Â· apply CVP analysis and interpret the results:
Â· apply a range of costing and accounting systems;
Â· explain the role of budgets and standard costing within organisations;
Â· prepare and interpret budgets, standard costs and variance statements.