Management Accounting II

About the module

The module forms part of the core knowledge categories of an accountant in practice, and upskilling requirements to apply as a Business-Accountant-in-Practice (SA) via SAIBA’s Route 3. Read more here.

Module purpose

To provide students with appropriate knowledge regarding Management Accounting. Management Accounting II stresses the importance of costs and cost drivers in the production, analysis and use of information for short-term decision making in organisations. Thus, forecasting key relevant variables, recognising risks and uncertainties attached to future events, is a basis for budget construction. The budget is then used with costing systems to evaluate actual performance. Management Accounting II provides the foundation for cost management and the long-term decisions covered in Management Accounting III.

*The assumption is made that the accounting standards not mentioned in this module are covered in previous financial accounting modules (NQF 6 level)

Module Outcomes

Understand the importance of costs and cost drivers in organisations
Learn budget construction
Have a foundation for cost management

Module Assessment Criteria

The above outcomes required in this module will be presented and assessed in the following format:

Prescribed electronic textbooks with assessments

Price

The following pricing apply: R5,500.00 VAT included.

Any prescribed textbooks will be provided in the form of an electronic textbook.

Please ensure that you comply with the requirements listed within the products. No refunds will be made should you not comply with the requirements. If you are unsure whether you comply, please contact qualify@myciba.org.

No incorrect purchases will be refunded.

Requirements

BCom degree and Higher Diploma in Accounting
Approval from CIBA membership department to enroll (terms and conditions apply). Simply send an email to membership@myciba.org requesting to enroll in the Qualify courses providing the following documentation:
- CV
- Identity document
- Academic Qualification
- Academic Record
- Completion of Articles or RPL Form (request from membership@myciba.org)

Accreditation

The Southern African Institute for Business Accountants NPC is a professional body accredited by South African Qualifications Authority (SAQA) – Professional Body ID 874.

On successful completion of the final exam you will receive a certificate of completion issued by CIBA that serves as evidence of competency in the analysis, preparation and reporting of financial statements in accordance with International Standards and Local Regulations for legal entities, related and consolidated groups. The certificate is issued in terms of the National Policy for the Implementation of the Recognition of Prior Learning as authorized by SAQA and is regarded by CIBA as meeting the competency criteria approved by SAQA for admission as a BAP(SA).

Content

Study unit 1

Cost Accounting Systems

Discuss costing methods and their results.
Discuss the role of quality costing
Apply principles of environmental costing.

Study unit 2

Forecasting and budgeting techniques

Explain the purposes of forecasts, plans and budgets
Prepare forecasts of financial results.
Discuss and prepare budgets based on forecasts.
Discuss the principles that underlie the use of budgets for control.
Analyse performance using budgets, recognising alternative approaches and sensitivity to variable factors.

Study unit 3

Short-Term decisions

Explain concepts of cost and revenue relevant to pricing and product decisions.
Analyse short-term pricing and product decisions.

Study unit 4

Dealing with risk and uncertainty

Analyse information to assess risk and its impact on short-term decisions

Management Accounting II

Available from

CPD

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