Exam C1 - Fundamentals of Management Accounting

Paper C1, Fundamentals of Management Accounting, introduces the knowledge and skills needed in the application of management accounting. Students will need to have knowledge of management accounting techniques and have an understanding of when and when not to use them. C1 is examined via a computer-based assessment containing 50 objective test questions.

The syllabus has five sections:

* Cost determination
* Cost behaviour and breakeven analysis
* Standard costing
* Costing and accounting systems
* Financial planning and control
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Study Text

Price: £32

Suitable for: exams in 2010 and 2011

Description:
The C1 Study Text contains all you need to know for C1, featuring step-by-step guides to management accounting techniques such as process costing, which many students find tricky. All areas of the syllabus are explained fully and no prior knowledge is assumed. Key terms are identified throughout as grasping terminology is
vital for both C1 and for future studies.





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Practice and Revision Kit

Price: £17

Suitable for: exams in 2010 and 2011

Description:
The C1 Practice and Revision Kit contains over 400 objective test questions covering the whole syllabus. The questions are split into banks of 10 questions using the same chapter headings as used in the Study Text. This means that you can focus on question practice in an area such as inventory valuation or cost bookkeeping when you have read the relevant Study Text chapter.






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C2 - Fundamentals of Financial Accounting


Paper C2 concentrates on building a basic understanding of financial accounting. The objective is to give students a good grounding in double entry bookkeeping. Students will also learn the preparation of basic financial statements for sole traders, companies, non-profit making organisations and manufacturing accounts; an introduction to internal and external audit; and interpretation of accounts (cash flow statements and ratios). The main sections are:

* The conceptual and regulatory framework
* Accounting systems and accounts preparation
* Final accounts
* Audit
* Interpretation of accounts

All CIMA papers use international terminology and international financial reporting standards. There is no UK stream.

Paper C2 is examined by computer-based assessment (CBA), which means that students can sit their CBA at any time during the year.
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Study Text

Price: £32

Suitable for: exams in 2010 and 2011

Description: The C2 Study Text concentrates on the key areas of the syllabus and takes account of the examiner's guidance on how topics will be assessed. It includes a step-by-step approach to topics that students may find difficult, such as control account reconciliations and suspense accounts. There are lots of examples and questions in each chapter to help you practise the techniques required. There are also quick quizzes in the assessment style at the end of each chapter. In addition, there is a question bank of computer-based assessment style questions at the end of the Study Text.





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Practice and Revision Kit

Price: £17

Suitable for: exams in 2010 and 2011

Description: The most important factor in passing any assessment is plenty of question practice. The questions in the C2 Practice and Revision Kit cover all areas of the syllabus and are in the same order as the Text chapters. They include separate banks of multiple-choice questions (MCQs) and objective-test questions. All are of assessment standard. Therefore students can tailor their question practice to concentrate on areas of weakness, such as basic bookkeeping or incomplete records, or dip into topics as they revise them. There are also two
mock assessments to test the whole syllabus.

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