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Level 4 Diploma in Accounting and Business

Applying Management Accounting in practice: case studies

AB405 · Management Accounting — Week 12 of 16

CourseAB405
Week12 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Applying Management Accounting in practice: case studies

  1. Case analysis
  2. Linking theory to practice
  3. Evaluating evidence
  4. CIMA P1 Variance analysis
  5. Variance Analysis (part 1) - ACCA Management Accounting (MA)

What you will be able to do

  • 3.4 Discuss the advantages and limitations of standard costing.

Activity

Start with this week’s 2 videos, then: Case-study workshop: apply the unit’s concepts to a real or realistic case and evaluate the outcome.

Study materials

Videos

  • CIMA P1 Variance analysis · YouTube · OpenTuition · 30 min · for registered students
  • Variance Analysis (part 1) - ACCA Management Accounting (MA) · YouTube · OpenTuition · 24 min · for registered students
  • Variance Analysis (part 2) - ACCA Management Accounting (MA) · YouTube · OpenTuition · 22 min · for registered students
  • Variance Analysis (part 3) - ACCA Management Accounting (MA) · YouTube · OpenTuition · 17 min · for registered students
  • Variance Analysis (part 4) - ACCA Management Accounting (MA) · YouTube · OpenTuition · 7 min · for registered students
  • Variance Analysis (part 5) - ACCA Management Accounting (MA) · YouTube · OpenTuition · 7 min · for registered students

Further resources

  • Managerial Accounting, ch. 10: How Do Managers Evaluate Performance Using Cost Variance Analysis? · PDF · Saylor Academy, textbook chapter; pp. 619–709 · for registered students
  • Academy trust management accounting: good practice guide (DfE/ESFA, 2024) · Reading · GOV.UK, guidance · for registered students
  • Principles of Accounting Vol. 2, ch. 7.4–7.5: Flexible budgets and evaluating goals · PDF · OpenStax, textbook chapter; pp. 336–343 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 11Week 13
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Introduction to Management Accounting
  • Week 2: Cost Accounting and Accounting Integration
  • Week 3: Budgetary Planning and Control
  • Week 4: Working Capital Management
  • Week 5: Non-Current Assets and Depreciation
  • Week 6: Principles of Standard Costing
  • Week 7: Variance Analysis Calculations
  • Midterm: Midterm evaluation
  • Week 9: Evaluation of Standard Costing
  • Week 10: Break-Even and Cost-Volume-Profit Fundamentals
  • Week 11: Applications and Limitations of CVP Analysis
  • Week 12: Applying Management Accounting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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