Management Accounting

You can start your journey with ACCA if you have:

  • Five secondary school qualifications (two A-Levels and three GCSEs or equivalent) – including English and Math.

To develop knowledge and understanding of how to prepare and process basic cost and quantitative information to support management in planning and decision-making in a variety of business contexts.


If you have a recognized and relevant finance or accounting degree from an ACCA-accredited university, you may not have to take all of the exams on your journey to membership. We call this “getting exemptions”.

Even if you didn’t study at an accredited university, you may still be eligible for exemptions – depending on what you’ve already studied.


You can still join us – but you’ll start your ACCA journey at our Foundations in Accountancy level. This will give you the base you need to learn more – and you’ll get our Diploma in Accounting and Business when you pass. Then you can start your journey to gaining the ACCA Qualification.

And because of what you’ll learn in your Diploma, you won’t have to take the first three exams – you’ll start at F4.

o develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.


On successful completion of this paper, candidates should be able to:

  • Explain the nature, source and purpose of management information

  • Explain and apply cost accounting techniques

  • Prepare budgets for planning and control

  • Compare actual costs with standard costs and analyse any variances

  • Explain and apply performance measurements and monitor business performance.

The Nature, Source and Purpose of Management Information

  • Accounting for management

  • Sources of data

  • Cost classification

  • Presenting information

Cost Accounting Techniques

  • Accounting for material, labour and overheads

  • Absorption and marginal costing

  • Cost accounting methods

  • Alternative cost accounting principles



  • Nature and purpose of budgeting

  • Statistical techniques

  • Budget preparation

  • Flexible budgets

  • Capital budgeting and discounted cash flow

  • Budgetary control and reporting

  • Behavioral aspects of budgeting


Standard Costing

  • Standard costing system

  • Variance calculations and analysis

  • Reconciliation of budgeted and actual profit

Performance Measurement

  • Performance measurement – overview

  • Performance measurement – application

  • Cost reductions and value enhancement

  • Monitoring performance and reporting

  • ACCA F2 Notes

  • ACCA F2 Lectures

  • ACCA F2 Revision

  • ACCA F2 Practice Questions

  • F2 Revision Mock Exam