BA2 covers the fundamental knowledge and techniques that underpin management accounting, by identifying the role of a management accountant, and the role of CIMA within organisations (both private and public sector entities), and the wider role in society. Therefore, BA2 deals with the following key areas.

• Identification and classification of costs, and their behaviour

• Application of tools and techniques used to plan, control and make decisions

• Budgetary control, reporting of organisational performance and calculation of variances

• Investment appraisal, break-even analysis and pro t maximization to support short and long term decision-making

  A two-hour computer based assessment, comprising 60 compulsory objective test questions will be used to assess candidates of BA2. Short scenarios may be given to which one or more objective questions relate.

  Refer page 19 of the 2017 Syllabus for the details in BA2.

  This Transition Guide aims to answer questions such as:

• What in the BA2 syllabus mirrors that of C01?

• What are the new topics in BA2?

• What topics remain the same (as in C01), but need a different approach in teaching (and learning)?

• What topics in C01 are no longer in the BA2 syllabus?

SYLLABUS OVERVIEW

The main objective of this subject is to obtain a practical understanding of nancial accounting and the process behind the preparation of nancial statements for single entities.

These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There is an introduction to measuring nancial performance with the calculation of basic ratios.

Note: Students are required to be aware of the format
and content of published accounts but are not required to prepare them. No detailed knowledge of any specific accounting treatment contained in the International Financial Reporting Standards (IFRSs) – including the International Accounting Standards (IASs), – is necessary, except in terms IAS 2 and the treatment of inventory, IAS 16 and IAS 38 for basic non-current asset transactions.

IAS 1 and IAS 7 formats will form the basis of the nancial statements. The terminology used for all entities will be that of International Financial Reporting Standards. This will enable students to use a consistent set of accounting terms throughout their studies.

The CIMA CFO Programme is an exclusive programme offered to Chief Financial Of cers (CFOs), Chief Executive Of cers (CEOs) and senior management who wish to enhance their professional standing through CIMA.

As part of this fast track programme, successful candidates will attend four mandatory revision workshops and sit only the last paper of the CIMA Professional Qualification. With successful completion of this paper and the relevant work experience, the candidates will qualify for CIMA membership and earn the professional global designation of Chartered Global Management Accountant (CGMA) conferred by CIMA and the American Institute of Certified Public Accountants.