FMA (F2) ALL MATERIAL

 

 FMA STUDY MATERIAL :

ALL THE KITS YOU NEED:

 link for kit:

DOWNLOAD BPP FMA KIT:

Every student has access to the ACCA exam kits. These kits contain many questions on the specific subject matter. Each question contained in the exam kit is constructed in the same way and at the same level of difficulty as the actual exam question. 

BPP REVISION KIT:

These sets of exam questions and answers are essential in achieving effective study since they work on exam readiness, and the high passing rate is a measurable output specific to those results.

 KAPLAN KIT:

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KAPLAN STUDY TEXT:

 

STUDY HUB PDF:

FMA MHA BOOK PDF:

MOCKS:

GOOGLE DRIVE LINK :

Your learning materials are almost effortless to obtain because they are easily available on Google Drive. It's kind of like a personal internet library stashed with all the resources you need and well ordered for your ready reference.

 LECTURES OF FMA:

MEGA link:        

mirchanwala google drive link:

 LECTURES OF FMA:

SIR AMIR SHAKOOR LECTURES:

 

CHAPTER WISE   NOTES:

1. Subject Overview

Paper Name: FMA – Management Accounting (previously known as F2)

Level: Applied Knowledge (first level of ACCA qualification)

FMA introduces the student to the basics of management accounting. The emphasis is on the way accounting information is used within a business to assist in planning, control, and decision-making.

While financial accounting involves reporting to external users, management accounting is used internally to assist managers in making informed business decisions.

2. Purpose of the Paper

This paper helps students understand how to:

Collect and analyze cost information

Prepare budgets

Control and monitor business performance

Support short-term and long-term decision-making

This will provide a foundation for later ACCA papers such as Performance Management (PM).

3. Main Topics Covere

1. The Nature, Source, and Purpose of Management Information
2. Difference between management and financial accounting
3. Characteristics of useful information
4. Data collection and processing
5. Cost Classification, Behaviour, and Purpose
6. Direct and indirect costs
7. Fixed, variable, and semi-variable costs
8. Cost objects and cost centres
9. Cost Accounting Techniques
10. Absorption and marginal costing
11. Job, batch and process costing
12. Overhead absorption and allocation
13. Budgeting and Forecasting
14. Types of budgets: fixed, flexible, zero-based
15. Budget preparation and control
16. Variance analysis and interpretation
17. Standard Costing and Performance Measurement
18. Setting and analyzing standard costs
19. Material, labour, and overhead variances
20. Performance evaluation
21. Short-term Decision-Making Techniques
22. Break-even analysis and contribution
23. Limiting factor decisions
24. Make-or-buy and pricing decisions

4. Skills Developed

After studying FMA, students should be able to:

Apply costing techniques to practical business issues

Prepare and use budgets for control and planning

Interpret performance data

Support management in making short-term and operational decisions

5. Assessment Format

Exam Type: Computer-Based Exam (CBE)

Duration: 2 hours

Structure:

Section A: 35 Objective Test Questions (2 marks each)

Section B: 3 Multi-task Questions (10 marks each)

Total Marks: 100

Pass Mark: 50%

6. Global Pass Rate

The global pass rate for FMA is usually between 65% and 75%, making it one of the higher pass-rate papers in ACCA. On the other hand, students mostly struggle with it if they do not understand the logic behind costing and budgeting.

7. Recommended Study Hours

Most students will find that 50-70 hours of concentrated study will adequately prepare them for the FMA exam, but this will vary according to your background in accounting or finance.

8. Study Tips

Understand concepts rather than just memorizing them. Many questions test your understanding of costing logic.

Practice as much as possible. Use ACCA's practice platform and mock exams.

Learn important formulas well. More so, those on variance analysis and break-even calculations.

Use reliable materials. Kaplan and BPP study texts are ACCA-approved and well structured.

Review the mistakes carefully; know where you went wrong in order to avoid such mistakes during the exam.

9. Next Steps After FMA

The next papers in the Applied Knowledge level, after FMA, are: BT: Business & Technology FA (Financial Accounting) Completion of all three (BT, MA, FA) enables progression to the Applied Skills level.

 ABOUT ACCA:

1. Global Recognition

ACCA is recognized in more than 180 countries; some of these countries include the UK, Canada, Australia, UAE, and many others. It is highly valued by employers and regulatory bodies all over the world.

2. Career Opportunities

With an ACCA qualification, one can pursue careers in:

Financial Management

Auditing & Assurance

Taxation

Risk Management

Consulting

Financial Reporting

3. Flexible Learning & Exams

ACCA also offers flexible exam schedules and study options, such as self-study, online classes, and tuition with approved learning providers.

4. Affordable & Accessible

Compared to other qualifications like CPA (USA) or CA (India), ACCA is more affordable and is widely accepted at a global level.

ACCA Qualification Structure

1. Applied Knowledge Level (Foundation Level)

This level introduces you to some basic accounting principles:

BT (Business & Technology)

MA -Management Accountancy

FA Financial Accounting

2. Applied Skills Level

This level develops your technical and management accounting skills:

LW (Corporate & Business Law)

PM - Performance Management

TX (Taxation)

FR (Financial Reporting)

Audit & Assurance (AA)

FM: Financial Management

3. Strategic Professional Level

This qualification prepares students for leadership and strategic roles:

SBL (Strategic Business Leader)

SBR: Strategic Business Reporting

Elective Papers (Choose 2 out of 4):

Advanced Financial Management

Advanced Performance Management - APM

Advanced Taxation (ATX)

Advanced Audit & Assurance (AAA)

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Exemptions for Degree Holders With a degree in accounting or finance, you may be exempt from certain ACCA exams. You can view your exemptions on the ACCA website. ACCA Exam Format & Passing Criteria All papers are Computer-Based Exams (CBE). Each exam is 100 marks, with the passing score being 50%. Exams are conducted four times in a year: March, June, September, December. ACCA Membership & Certification After passing all exams and having three years of work experience, one may apply for ACCA membership and use the title "ACCA" after their name to highlight their expertise in finance and accountancy.

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