ACCA - F2 Management Accounting 2010, ACCA-F2-ST - Study Text (Paperback, 3rd edition)

The detailed syllabus includes: the nature and purpose of cost and management accounting - accounting for management and cost and management accounting versus financial accounting; cost classification, behaviour and purpose - production and non-production costs, direct and indirect costs, fixed and variable costs; and, business mathematics and computer spreadsheets - dealing with uncertainty, statistics for business, use of computer spreadsheets. It also includes: cost accounting techniques - accounting for materials, accounting for labour, Accounting for overheads, marginal and absorption costing, job and batch costing, process costing, service/operation costing; budgeting and standard costing - nature and purpose of budgeting, functional budgets, flexible budgets and standard costing, basic variance analysis under absorption and marginal costing, reconciliation of budgeted profit to actual profit; and, short-term decision-making techniques - cost-volume-profit analysis, relevant costing; and, limiting factors.