Icaew Cfab Management Information: The Complete Guide

Managerial Accounting; ICAEW CFAB Qualification

What you'll learn

Gain a comprehensive understanding of all types of exercises included in the exam.

Master key theoretical concepts relevant to the subject matter.

Prepare essential financial reports and information to support effective business management.

Identify key features of effective performance management systems

Requirements

No advanced expertise is required. However, to succeed in this course, learners should have basic mathematics skills, a fundamental understanding of accounting principles, and a working knowledge of English.

Description

Dive into our engaging online video courses designed to make your Management Information exam preparation both effective and enjoyable. Our courses are carefully designed to make sure you’re fully prepared to succeed.Based on Official Textbook: We’ve structured our curriculum around the official textbook to ensure you’re studying all the crucial topics. This means you’re learning exactly what you need to know for the exam, with no unnecessary information.Practical Examples: To make complex concepts easier to understand, we use clear, real-world examples. These practical insights help you see how the material applies in everyday scenarios, making it simpler to grasp and remember.Smartly Designed Slides: Our slides are designed with simplicity in mind. Each slide is structured to present information in a clear, straightforward way, making it easier for you to follow along and retain what you learn.Focused Exam Preparation: We help you concentrate on the key areas you need to ace the exam. Whether it’s costing, budgeting, performance management, or decision-making, we highlight the essential points to ensure you’re well-prepared.Interactive Quizzes: Test your understanding with quizzes at the end of each chapter. These interactive quizzes are a great way to review and reinforce your knowledge, helping you stay on track and confident.Join our online video courses and get the tools you need to excel. With our clear explanations, practical examples, and focused preparation, you’ll be ready to tackle your exam with confidence and ease.

Overview

Section 1: Introduction

Lecture 1 Introduction: What is covered in this course?

Lecture 2 Exam structure

Section 2: Chapter 1: The fundamentals of costing

Lecture 3 Examination context

Lecture 4 What is cost accounting?

Lecture 5 Basic of accounting concept

Lecture 6 Cost classification for inventory valuation and profit measure

Lecture 7 Cost classification for planning and decision making

Lecture 8 Cost classification for control

Lecture 9 Ethics and professional scepticism

Lecture 10 Sustainability, governance and corporate responsibility

Section 3: Chapter 2: Calculating unit costs (part 1)

Lecture 11 Examination context

Lecture 12 Identifying direct and indirect costs for cost units

Lecture 13 Inventory valuation

Section 4: Chapter 3: Calculating unit costs (part 2)

Lecture 14 Examination context

Lecture 15 Absorption costing

Lecture 16 Costing methods

Section 5: Chapter 4: Marginal costing and absorption costing

Lecture 17 Examination context

Lecture 18 Marginal cost and marginal costing

Lecture 19 Marginal costing and absorption costing compared

Section 6: Chapter 5: Pricing calculations

Lecture 20 Examination context

Lecture 21 Full cost-plus pricing

Lecture 22 Marginal cost-plus pricing

Lecture 23 Mark-ups and margins

Lecture 24 Transfer pricing

Section 7: Chapter 6: Budgeting

Lecture 25 Examination context

Lecture 26 Why do organisations prepare budgets?

Lecture 27 A framework for budgeting

Lecture 28 Steps in the budget preparation

Lecture 29 The master budget

Lecture 30 Preparing forecasts

Lecture 31 Alternative approaches to budgeting

Lecture 32 Data bias and professional scepticism

Section 8: Chapter 7: Working capital

Lecture 33 Examination context

Lecture 34 What is 'working capital'?

Lecture 35 Balancing liquidity and profitability

Lecture 36 Assessing the liquidity position via ratios

Lecture 37 The cash operating cycle

Lecture 38 Managing inventory

Lecture 39 Managing trade payables

Lecture 40 Managing trade receivables

Lecture 41 Treasury management

Lecture 42 Cash budgets

Section 9: Chapter 8: Performance management

Lecture 43 Examination context

Lecture 44 Performance evaluation

Lecture 45 Responsibility centres

Lecture 46 Performance measures

Lecture 47 The balanced scorecard

Lecture 48 Budgetary control

Lecture 49 Data bias and professional scepticism in performance management

Lecture 50 Sustainability and ESG reporting

Section 10: Chapter 9: Standard costing and variance analysis

Lecture 51 Examination context

Lecture 52 Standard costing and standard costs

Lecture 53 Cost variances

Lecture 54 Sales variances and operating statements

Lecture 55 Interpreting variances and deriving actual data from variance detail

Lecture 56 Data bias in variance analysis

Section 11: Chapter 10: Breakeven analysis and limiting factor analysis

Lecture 57 Examination context

Lecture 58 Breakeven analysis and contribution

Lecture 59 Breakeven charts

Lecture 60 Limiting factor analysis

Section 12: Chapter 11: Investment appraisal techniques

Lecture 61 Examination context

Lecture 62 Making investment appraisal decisions

Lecture 63 The payback method

Lecture 64 The accounting rate of return method

Lecture 65 The net present value method

Lecture 66 The net terminal value method

Lecture 67 The discounted payback method

Lecture 68 The internal rate of return method

Lecture 69 Environmental costing

Self-study learners preparing for exams,Anyone seeking a comprehensive understanding of Management Information before advancing to higher levels,Individuals looking to develop and enhance their management skills in a business setting