C.I.M.A.C1 Fundamentals of Management Accounting

Class Slides- Introduction

Your Tutor/Lecturer. Ian Wilson CIMA/CGMA Qualified DTLLS & City & Guilds teaching qualifications 25 years+ Accounting & Industry experience Consultancy experience Operated at Senior & Board level in various

plc’s and private companies Owned manufacturing business for 3 years

Introduction:

Notes Slides Registers Room Mobile Phones Calculators Behaviour Standards

Housekeeping:

Be professional, I will. Be polite, consider others. Be attentive. Study Notes/Text/Slides Work through examples in class and away

from class. Listen to my examples/experiences, they

will add value to your studies. Start as you mean to go on today!

In Class: Behaviour & Standards

Relaxed, Open, Humour, Friendly Expect Hard Work and Attention Examples, lots of them! Read Good Newspapers, the Financial Press Watch the Business News Use good Internet sites for News/Views on

subject area topics (CIMA Global) Ask questions and engage in discussion

Teaching Style

You are here to pass an exam. I am here to facilitate that process. Work together…. 2 hour paper (CBA) 50 (mainly)objective test questions ALL questions have to be attempted

Exams

C01A

Management Accounting 10%

C01B

Cost Behaviour & Identity 25%

C01C

Planning 30%

C01D

Accounting Control Systems 20%

C01E

Decision Making 15%

Syllabus Areas

1. Nature & purpose of Management Accounting2. Cost Classification & Behaviour3. Accounting for Overheads4. Budgets5. Variances6. Job & Batch Costing7. Process Costing8. Cost Bookkeeping9. CVP Analysis10. Short Term Decision Making11. Investment Appraisal

C.I.M.A C 1 Learning Aims

What do slides cover?– Key areas of the syllabus

Using the slides – Use the slides as a point of reference– Add detail by taking notes around the slides

(eg using material from the corresponding Study Text chapter)

– Consider adding notes to slides yourself – Recommend students attempt appropriate

questions from the CIMA pilot paper & other sources

– I will e-mail slides & examples to you each week

What to Do in Class?

How to pass Have sound theoretical knowledge

(Attend Tuition Classes)

Practice application skills

(Question Practice)

Be prepared!

(Attend Revision & QBR)

Read the question requirements

How to Pass

10 Sessions for CIMA C1: 11/2 revision – 29/4 18/2 25/2 4/3 11/3 18/3 25/3 8/4 15/4

The Course dates

Management Accounting is primarily concerned with?

A. Providing statutory information for external use.

B. Providing internal information for use by management.

C. Providing tax advice for internal use.D. Providing financial information only for use

by management.

Typical Exam Question