Management Accounting & Applied Finance (MAAF) 122: Candidate Study Guide

Management accounting continues to evolve. The traditional function of collating, preparing and presenting financial and non-financial information for decision making has changed.
The way information is collated (including the increased use of data analytics) and the volume of data now available has had a significant impact. To add value, management accountants need to analyse and interpret the vast amount of available information in a concise manner, providing insight to enable management (and other users) to make informed decisions that align with strategic goals. Management accounting is forward looking and predictive analysis is becoming increasingly important in proactively guiding organisations in an ever-changing business environment. Finance functions now partner closely with management accountants as the breadth of traditional management accounting concepts expand and integrate across all aspects of business.
MAAF includes two integrated case studies and other practical examples and activities that will give you the skills and knowledge to identify, analyse, interpret and communicate information to help an organisation manage its resources and achieve strategic goals.
Given the integration of the content covered in each unit of the MAAF module, the material has been constructed on the basis that candidates will complete each unit sequentially in order to maximise their learning benefit.
The MAAF module is one of the five (5) compulsory modules in the Chartered Accountants Program.