ICAN · Foundation
Management Accounting
The Management Accounting syllabus for the Institute of Chartered Accountants of Nigeria, broken down by how much of the paper each area is worth. Costing Methods and Techniques is the heaviest at 20% of the marks.
Where the marks are
Percentages are the examinable weighting for each area. Revising in this order puts your time where the marks are.
Costing Methods and Techniques
20%Costing methods (specific order, process and service costing) · Costing techniques (absorption and marginal costing) · Introduction to cost control and cost reduction
Forecasting, Budgeting and Budgetary Control
20%Forecasting techniques · Budgeting
Decision Making Techniques
20%Cost volume profit (CVP) analysis · Relevant cost analysis · Limiting factors
Management Information
15%Nature and purposes of management accounting · Management information systems (MIS) · Spreadsheets · Big data and data analytics · Cost classifications, codification, segregation and estimation
Standard Costing and Basic Variance Analysis
15%Purpose and principles of standard costing · Calculation of basic variances and their analyses · Interpretation of the various variances · Causes and remedies for the variances · Reconciliation of budgeted and actual profits under standard, marginal and absorption costing methods
Accounting for Cost Elements
10%Accounting for inventory · Accounting for labour · Accounting for overheads
What Edentos holds for this paper
- 116 past questions from the Institute’s own papers, with its published solutions.
- A summary of the official study text, organised by the weightings above, with every claim cited to its page in the source.
- Timed mock examinations sat on screen.
Syllabus areas and weightings are published by the Institute of Chartered Accountants of Nigeria. Past questions and their official solutions are the Institute’s copyright and are available to signed-in candidates only.