About MA2
The Managing Cost and Finances MA2 aims to develop knowledge and understanding of the techniques and methods used for recording, analyzing, and reporting cost and revenue for internal management. The MA2 paper covers management-related information, cost recording, costing techniques, decision-making, and cash management. The FIA MA2 papers focus on taking your knowledge to a higher level; they provide a good understanding of basic management accounting from MA 1 Management Information.
The ultimate goal of the FIA MA2 exam is to develop knowledge on preparing, processing, and presenting basic cost information to support management in planning and decision-making in different business contexts.
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Exam Structure
- A two-hour paper-based and computer-based exam assesses the MA2 paper syllabus.
- The questions cover the whole syllabus and assess all parts of it, including computation and non-commutation elements.
- In total, the exam consists of 50 two-mark questions.
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Qualifications and Achievements
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TFL-LMS
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COURSE OUTLINE
Management Information
- Management information requirements
- Cost accounting systems
- Cost classification
- Information for comparison
- Reporting management information
Cost Recording
- Accounting for materials
- Accounting for labour
- Accounting for other expenses
Costing techniques
- Absorption costing
- Marginal costing
- Job and batch costing
- Process costing
- Service costing
Decision making
- Cost- volume- profit analysis
- Factors affecting short-term decision making
- Principles of discounted cash flow
Cash management
- Nature of cash and cash flow
- Cash management
- Cash budgets
- Investing and Financing
Frequently Asked Questions
How does the MA2 exam look?
There are fifty questions in the FA2 and MA2 tests, each worth two marks. They have different formats for objective test questions than the FA1 and MA1 tests. In addition to multiple-choice questions, these formats encompass number entry, multiple response, and multiple response matching questions.
What is MA2 in ACCA?
You will gain knowledge on how to gather, handle, and display fundamental cost data to assist management in planning and decision-making across a range of business contexts.
Which previous qualifications are needed to begin the ACCA-FIA qualification?
There are no prerequisites for obtaining the ACCA-FIA qualification. Once you have passed the seven exams, you can apply to get the ACCA qualification.
In which order should I take the examinations for the ACCA and FIA?
It is recommended that students take the FA1 and MA1 exams first, then the FA2 and MA2 exams, and lastly the FBT, FMA, and FFA exams.
