Technical articles

Management Accounting (MA) was previously known as F2 Management Accounting. Whilst we continue to update our resources to the new exam terminology, you may see some resources still using the old exam code F2. All exam resources listed as F2 can be used for studying MA, as the syllabus and content of the exam has not changed.

Management Accounting (MA)

Ratio analysis
This article will focus on measures of financial performance and will detail the skills and knowledge expected from candidates in the F2/FMA exam.

Fixed overhead absorption
Objective testing questions involving the under or over absorption of overhead and fixed overhead volume variances commonly cause difficulties for F2/FMA candidates. This article looks at a graphical explanation of fixed overhead absorption.

Effective presentation and communication of information using charts
This article looks at the variety of chart types and the features that make a particular chart type appropriate for the type of data being presented. Some useful tips on presentation are also provided, together with guidance on interpreting the data presented in the charts.

Re-apportionment of service cost centre costs
This article looks at the various methods of re-apportioning service cost centre costs.

Cash budgets
A company needs to produce a cash budget in order to ensure that there is enough cash within the business to achieve the operational levels set by the functional budgets.

Process costing
This article looks at the process costing method, which is used mainly in manufacturing where units are mass-produced through one or more processes. 

Inventory control
The theory and the practicality of inventory management and control.

Study support videos

F2/FMA MTQ advice
Andrew Mower from Kaplan discusses the new format of the F2 exam taking effect in 2014, and looks at how to tackle the new multi-task questions (MTQs).
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Accounting for labour
Andrew Mower from Kaplan looks at tackling an exam question on accounting for labour, focusing on direct and indirect labour, remuneration methods, labour turnover and labour ratios.
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Advice for students retaking exams
This video is about turning your exam fail into a pass at your next attempt. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions.

Syllabus updates

Examiner's guidance: Changes to the structure of F2/FMA
A new exam format will be introduced for F2/FMA from 26 February 2014 for the computer-based exam (CBE) and from June 2014 for the paper-based exam. The purpose of this article is to brief candidates on points to bear in mind when attempting the new style of questions in Section B of the exam.

Exam technique

F2 – A guide to using the examiner’s reports
Guidance to help you if you are taking the F2 exam for the first time as this takes you through how to use the examiner’s reports as part of your revision phase as directed by the study-support guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

F2 – A guide to reflection for retake students
Guidance to help you if you are retaking the F2 exam as this takes you through the process of reflection using the examiner’s reports as directed in the retake guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

How to prepare for on-demand computer-based exams
This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs.

Exam support resources

Return to the exam resource finder to locate other materials to help with your studies