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Paper 11: Management Accounting
By Traction SGB
Categories: Certified Public Accountants

About Course
The Professional courses are administered at Foundation, Intermediate and Advanced Levels. Each level requires an average of one year, though candidates are advised to provide for an additional one year to meet requirements for internship/ practical experience.
A student must book for a minimum of three papers in a level in any order unless is exempted or has credits.
Prior to certification, candidates will be required to:
- Attend workshops on ethics, soft skills and emerging issues organised by kasneb and ICPAK and earn IPD hours.
- Obtain 1-Year practical experience, or alternatively attend workshops on work based simulation organised by kasneb and ICPAK.
This course is aimed at persons who wish to qualify and work or practice as professional accountants, auditors, finance managers, tax managers and consultants in related areas in both public and private sectors.
Course Content
MAY TO AUGUST 2025 CLASS RECORDINGS
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JUNE 22ND
02:16:02
JAN – APR 2025 CLASS RECORDINGS
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FEB 16TH
02:09:18 -
FEB 22ND
46:22 -
FEB 23RD
05:30 -
MAR 1ST
01:38:11 -
MAR 2ND
01:43:00 -
MAR 2ND B
01:38:00 -
MAR 8TH
01:49:00 -
MAR 9TH
01:09:00 -
MAR 9TH B
01:21:00 -
MAR 15TH
01:25:00 -
MAR 16TH
01:01:00 -
MAR 16TH B
29:00 -
MAR 29TH
01:56:00 -
MAR 30TH
01:32:00 -
MAR 30TH B
01:32:00 -
APR 5TH
01:09:00 -
APR 6TH
01:08:00 -
APR 12TH
01:33:45
CLASS RECORDING APR – AUG 2024
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CLASS 1
02:00:00 -
CLASS 2
02:00:00 -
CLASS 3
02:00:00 -
CLASS 4
02:00:00 -
CLASS 5
02:00:00 -
CLASS 6
02:00:00 -
CLASS 7
02:00:00 -
CLASS 8
02:00:00
online class link
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online class link
00:00
Overview
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class 1 recording 06.05.2023
35:00
Non-routine relevant costs
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Content
Overhead Costing
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Overhead Costing
Week 1 Topic1. The context of management accounting:
1.1 Definition and scope of Cost and Management accounting
1.2 Role of Management Accounting in decision making
1.3 Users of Management accounting information
1.4 Cost accounting as a subset of management accounting
1.5 Management accounting and financial accounting
1.6 Difference between management accounting and financial accounting
1.7 Relationship between Management accountant and other managers
1.8 Limitations of management accounting
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class 2 recording 11.05.2023
02:00:00 -
notes
00:00 -
class slide
Week 2 Topic 2. Costing terms and concepts
2.1 Cost definition and identification
2.2 Cost classification
2.3 Cost classification bases; by time; by behaviour; by function; identification with stock; by relevance for decision making; by management control
2.4 Types of cost systems
2.5 Maintaining a cost database
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class 3 recording 13.05.2023
02:00:00 -
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class slide
Week 3 Topic 3. Introduction to cost estimation
3.1 Non-mathematical methods
3.1.1 Accounts Analysis method
3.1.2 High-Low method
3.1.3 Industrial Engineering method
3.2 Mathematical methods
3.2.1 Scatter graph method
3.2.2 Ordinary Least Square method (simple regression only)
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class 4 recording 18.05.2023
02:00:00 -
Week 4,5,6,7 Topic 4. Cost accumulation
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Class 5 recording 20.05.2023
02:00:00 -
Class 6 recording 25.05.2023
02:00:00 -
Class 7 recording 27.05.2023
00:00 -
class 8 recording 03.06.2023
02:00:00 -
class recording 08.06.2023
02:00:00 -
Class recording 10.06.2023
02:00:00 -
Class recording 15.06.2023
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class recording 17.06.2023
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class recording 22.06.2023
02:00:00 -
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Week 8 Topic 5. Activity based costing
5.1 Meaning of activity-based costing
5.2 Distinction between activity-based costing and the Traditional absorption costing
5.3 Classification of cost drivers
5.4 The hierarchy of cost drivers
5.5 Overhead absorption rates - ABC
5.6 Income statements - one unit
5.7 Income statement - total output/sales
CLASS RECORDING 1/2024
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CLASS RECORDING 20/01/2024 PART 1
02:00:00 -
CLASS RECORDING 20/01/2024 PART 2
01:20:00 -
CLASS RECORDING 27/01/2024 PART 1
02:00:00 -
CLASS RECORDING 27/01/2024 PART 2
01:00:00 -
CLASS RECORDING 03/02/2024 PART 1
02:00:00 -
CLASS RECORDING 03/02/2024 PART 2
01:00:00 -
CLASS RECORDING 17/02/2024 PART 1
02:00:00 -
CLASS RECORDING 17/02/2024 PART 2
02:00:00 -
CLASS RECORDING 24/02/2024 PART 1
02:00:00 -
CLASS RECORDING 24/02/2024 PART 2
02:00:00 -
CLASS RECORDING 02/03/2024 PART 1
02:00:00 -
CLASS RECORDING 02/03/2024 PART 2
02:00:00 -
CLASS RECORDING 09/03/2024 PART 1
02:00:00 -
CLASS RECORDING 09/03/2024 PART 2
01:40:00 -
CLASS RECORDING 16/03/2024 PART 1
01:00:00 -
CLASS RECORDING 16/03/2024 PART 2
00:00 -
CLASS RECORDING 23/03/2024 PART 1
02:00:00 -
CLASS RECORDING 23/03/2024 PART 2
01:30:00 -
CLASS RECORDING 30/03/2024 PART 1
02:00:00 -
CLASS RECORDING 30/03/2024 PART 2
01:40:00
Week 9 Topic 6. Product costing methods
6.1 Introduction to costing methods
6.2 Specific order costing; Job order costing; Batch costing
6.3 Continuous operation costing; Process costing (normal process losses; abnormal process losses/gains); treatment of closing work in progress; treatment of opening work in progress (FIFO and Weighted Average cost methods); Process costing for joint products and by-products; distinction between joint-products and by-products
6.4 Service costing
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class recording 22.06.2023
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Class recording 24.06.2023
02:00:00 -
class recording 29.06.2023
02:00:00 -
class recording 1.07.2023
02:00:00
Week 10,11 Topic 6. Product costing methods
6.1 Introduction to costing methods
6.2 Specific order costing; Job order costing; Batch costing
6.3 Continuous operation costing; Process costing (normal process losses; abnormal process losses/gains); treatment of closing work in progress; treatment of opening work in progress (FIFO and Weighted Average cost methods); Process costing for joint products and by-products; distinction between joint-products and by-products
6.4 Service costing
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Class recording 06.07.2023
02:00:00 -
class recording 08.07.2023
02:00:00 -
class recording 13.07.2023
02:00:00
Week 12 Topic 7. Marginal and absorption costing
7.1 Differences between marginal costing and absorption costing
7.2 comparative income statements
7.3 Arguments for the use of marginal costing
7.4 Arguments for the use of absorption costing
7.5 Reconciliation statement
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class recording 20.07.2023
02:00:00 -
Week 12 Topic 8. Cost-volume profit analysis (break-even analysis)
8.1 Introduction to C-V-P analysis
8.2 Assumptions of C-V-P analysis
8.3 Break-even chart
8.4 Profit-volume chart
8.5 Single product C-V-P analysis
8.6 Multiple product C-V-P analysis
8.7 Limitations of C-V-P Analysis
8.8 Applications of marginal costing in decision making (make/buy decisions; discontinue a product; choice of a product where limiting factor exists; acceptance of a special offer); overriding considerations to the above decisions
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class recording 22.07.2023
02:00:00 -
class recording 27.07.2023
02:00:00 -
CVP Analysis
Week 13 Topic 9. Budgetary control
9.1 Introduction to budgets
9.1.1 Essential features of a budget
9.1.2 Objectives of budgetary control
9.1.3 Difference between forecasts and budgets
9.2 Types of budgets
9.2.1 Classification based on time (long-term budgets, short-term budgets and current budgets)
9.2.2 Classification based on functions (functional/subsidiary budgets, master budgets)
9.2.3 Classification based on capacity (fixed budgets, flexible budgets)
9.3 Preparation of budgets
9.3.1 Functional budgets including cash budget and master budget
9.3.2 Fixed and flexible budgets
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Class recording 03.08.2023
02:00:00 -
class recording 05.08.2023
02:00:00
Week 14 Topic 10. Standard costing and variance analysis
10.1 Introduction
10.1.1 Types of standards (basic standards, ideal standards, attainable standards)
10.1.2 Advantages and disadvantages of standard costing
10.2 Variance analysis
10.2.1 Material cost variances (usage variance, price variance)
10.2.2 Labour cost variances (efficiency variance, rate variance)
10.2.3 Variable overhead variances (expenditure variance, efficiency variance)
10.2.4 Fixed overhead variances (expenditure variance, capacity variance, efficiency variance and volume variance)
10.2.5 Sales variances
10.3 Causes of the various variances and remedies
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