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Remote session ACCA CBE 1-5 March 2021

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Accounting for Management – ACCA Management Accounting (MA)

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  2. Dear Mr Moffat,

    This paper management accounting is the foundation for paper financial management and afterwards for advanced financial management. Could you please tell me whether we need a maths A level to be able to tackle the F.M and the A.F.M papers?

    thanks for your response and wish you a very happy new year,

    Axel Frederick

    • Only a small part of the syllabus for Paper MA is the foundation for Papers FM and AFM, most of it is the foundation for Papers PM and APM.

      There is a fair amount of arithmetic involved, but you certainly do not need a maths A level.

    • Our notes and lectures cover everything needed to be able to pass the exam well.
      You do need to buy a Revision Kit from one of the ACCA Approved Publishers because they contain lots of exam standard questions for practice, and practice is vital to passing the exam.

  5. Greetings.

    Sir, if Financial statements for FA has to be produced in 1 yr time, why in other places I have read that LTD companies have to produce every 9 months, and if PLC, then 6 months ?

    Also for the definition of Planning vs Decision making as per the notes, I could as well say “deciding how many staff will be required in the factory next year”, or “planning on what selling price to charge for a new product”. So I am seeing it difficult to find a difference here. Elaboration welcomed and appreciated.

    • Stock exchanges have their own rules about how often companies listed on their exchange have to issue profit statements. However this is not a legal requirement. In law companies have to produce full statements every 12 months.

      The distinction between planning and decision making is not really important. However there is a distinction. If you intend to produce twice as many units then you need to plan to have twice as many workers and plan to buy twice as much material. As far as the selling price is concerned, you might choose to have a high selling price and make more profit per unit or you might choose to have a lower selling price in the hope of selling more units – that is a decision that needs to be made and is not something ‘forced’ on you.

  10. Hi,
    I was made redundant and I am now trying to change into accounting with no experience in finance.
    I has been a long time since my uni. I feel rusty. Those lectures and materials are gold!
    Thank you so much for your dedication! I am so grateful!

  11. Hello Sir,
    I have studied MA within one month by only following the lectures and notes from opentuition, and now I have passed by getting 79%.
    Thank you very much for your support Sir.

    Thank you 🙂

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