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Practicing under time limits can make CPA Management Accounting feel more manageable on exam day. The Actual4dump desktop and online test engines let you work through MA practice questions in two modes, review your history, and repeat weak areas.

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CPA MA Exam Overview:

Certification Vendor:CPA Australia
Exam Name:Management Accounting
Exam Number:MA
Available Languages:English
Exam Price:Refer to current CPA Australia Foundation Exam pricing
Exam Format:Computer-based examination
Related Certifications:CPA Australia Program
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based examination delivered through CPA Australia Foundation Exam arrangements.
Pre Condition:Foundation subject intended for candidates who need to satisfy CPA Australia Foundation Program requirements before entering the CPA Program.
Official Syllabus URL:https://www.cpaaustralia.com.au/become-a-cpa/cpa-program/foundation-exams/management-accounting

CPA MA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: The nature and purpose of management accounting7%- The role and objectives of management accounting
  • 1. Management accounting systems and strategic management
  • 2. Differences between financial, cost and management accounting
  • 3. Management accounting information and value creation
Topic 2: Short-term and long-term decision making18%- Decision support techniques
  • 1. Relevant information for operating decisions
  • 2. Decision-making process
  • 3. Capital expenditure evaluation
  • 4. Risk considerations in investment decisions
Topic 3: Performance measurement12%- Performance evaluation systems
  • 1. Reward systems linked to performance
  • 2. Balanced Scorecard
  • 3. Financial performance measures
Topic 4: Inventory and pricing decisions5%- Inventory management and pricing
  • 1. Long-term pricing decisions
  • 2. Inventory control techniques
  • 3. Just-in-time principles
Topic 5: Cost classification and cost-volume-profit analysis15%- Cost behaviour and CVP analysis
  • 1. Cost classifications and characteristics
  • 2. Fixed and variable cost separation techniques
  • 3. Cost-volume-profit analysis applications
Topic 6: Types of product costing23%- Product costing methods
  • 1. Overhead allocation and apportionment
  • 2. Marginal costing techniques
  • 3. Activity-based costing
  • 4. Job costing and process costing
  • 5. Absorption costing principles
Topic 7: Budgeting and variance analysis20%- Budget preparation and control
  • 1. Incremental and zero-based budgeting
  • 2. Behavioural aspects of budgeting
  • 3. Operations, cash and financial statement budgets
  • 4. Standard costing and variance analysis

CPA MA Exam Questions Answered

The MA exam leads to the Certified Public Accountant certification from CPA Australia. It is positioned at the Foundation level. The exam validates the knowledge and skills expected of candidates preparing for CPA Management Accounting.

Related certifications include:

  • CPA Australia Program

Foundation subject intended for candidates who need to satisfy CPA Australia Foundation Program requirements before entering the CPA Program.

Eligibility rules can change, so confirm the current requirements on the official exam page before registering.

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The current MA outline is organized into 7 top-level domains. The first listed areas include:

  • The nature and purpose of management accounting (7%)
  • Cost classification and cost-volume-profit analysis (15%)
  • Short-term and long-term decision making (18%)

Review the Exam Topics section above for the complete outline and any nested subtopics.

CPA Management Accounting Sample Questions:

Hui is responsible for all aspects of performance of the retail outlet which she manages, with the exception of investment.
All investment decisions are made by the head office management team.
What type of responsibility centre is Hui accountable for?

  • A. Profit centre
  • B. Cost centre
  • C. Revenue centre
  • D. Investment centre
Answer: A

According to the IASB's Framework for the Preparation and Presentation of Financial Statements, information about the entity's liquidity and solvency is useful for users in predicting

  • A. The entity's ability to meet its financial commitments as they fall due.
  • B. How future profits and cash flows will be distributed among those with an interest in the entity.
  • C. The entity's future borrowing needs.
  • D. The ability of the entity to generate cash in the future.
Answer: A

Which of the following decisions would normally be the responsibility of the manager of a profit centre? i) Purchase of non-current assets ii) Control of costs iii) Generating revenue from sales

  • A. (i) and (ii) only
  • B. (i), (ii) and (iii)
  • C. (ii) and (iii) only
  • D. (i) and (iii) only
Answer: C

Which of the following statements about activity based costing (ABC) is/are correct?
(i)
All product costs will be lower under ABC than under absorption costing.
(ii)
ABC can provide information to assist in controlling costs.

  • A. (i) only
  • B. (i) and (ii)
  • C. (ii) only
  • D. Neither (i) nor (ii)
Answer: C

Consider the following uses of budgets in planning:
(i)Toascertain the resources needed to achieve corporate objectives, given a specific level of activity;
(ii)Toprepare contingency budgets, based on varying levels of activity.
Which type of budget (fixed or flexible) is most appropriate for these uses?

  • A. Fixed = (ii) only, Flexible = (i) only
  • B. Fixed = neither (i) nor (ii), Flexible = (i) and (ii)
  • C. Fixed = (i) and (ii), Flexible = neither (i) nor (ii)
  • D. Fixed = (i) only, Flexible = (ii) only
Answer: D

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