AD32: Fundamentals of Management Accounting

AD32: Fundamentals of Management Accounting is an Intermediate Level paper in the KASNEB Accounting Technician Diploma (ATD) qualification. It equips learners with the fundamental knowledge and practical skills required to collect, classify, analyze, and interpret cost and management accounting information for planning, decision-making, and control. The course focuses on cost determination, budgeting, performance evaluation, and the application of management accounting techniques to improve organizational efficiency and profitability.

Key Topics Covered

• Introduction to Management Accounting
• Cost Concepts and Cost Classification
• Cost Behaviour and Cost Estimation
• Costing Methods
• Material, Labour, and Overhead Costing
• Job, Batch, Process, and Service Costing
• Marginal Costing
• Absorption Costing
• Cost-Volume-Profit (CVP) Analysis
• Budgeting and Budgetary Control
• Standard Costing
• Variance Analysis
• Performance Measurement
• Relevant Costing for Decision-Making
• Pricing Decisions
• Ethical Issues in Management Accounting