ICMA M5 – Advanced Management Accounting Study Text

ICMA M5 – Advanced Management Accounting 📘
Study Text
Publisher: Institute of Cost and Management Accounting (ICMA)

This study text is a comprehensive guide for students preparing for the M5 – Advanced Management Accounting paper of ICMA. It covers strategic cost management, budgeting, performance measurement, and decision-making techniques essential for professional accountants and finance managers.

Key Topics Covered:

✅ Costing Techniques – Absorption, Marginal, Activity-Based Costing (ABC)
✅ Budgeting & Forecasting – Variance analysis, Rolling budgets, Beyond Budgeting
✅ Decision-Making Tools – CVP analysis, Make-or-buy decisions, Pricing strategies
✅ Performance Measurement – Balanced Scorecard, ROI, Residual Income
✅ Strategic Cost Management – Target costing, Life-cycle costing, Kaizen costing
✅ Case Studies & Practical Scenarios – Real-world applications and exam-focused examples

Why This Book?

✔ Aligned with ICMA Curriculum – Covers all syllabus topics in-depth
✔ Conceptual & Analytical Approach – Strengthens understanding of advanced costing methods
✔ Practice Questions & Case Studies – Helps in real-world application and exam preparation
✔ Essential for ICMA, CMA, and ACCA students