Management Information
Chapter-focused MCQ practice with live instruction covering all eight ICAB Certificate MI topics: cost behaviour, absorption/marginal costing, budgeting, variance analysis, relevant costing, pricing decisions, and performance measurement.
★ 4.6 (192 reviews)870 studentsEnglish & Bangla36 hours of content
BDT 3,500BDT 6,000Save 42%
Live Class — current intake · 3 months access from enrolment date
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What you'll learn
The purpose and nature of management information
Cost classification, cost behaviour, and cost-volume-profit analysis
Absorption costing vs marginal costing and their profit differences
Budget preparation: functional budgets and the master budget
Standard costing and variance analysis (material, labour, overhead)
Relevant costing for make-or-buy, shutdown, and special-order decisions
Pricing approaches: cost-plus, marginal cost, and target costing
Performance measurement using financial and non-financial indicators
Course curriculum
8 chapters · 21 lessons · 8 quizzes · 4 assignments1Chapter 1: The Fundamentals of CostingLocked
Financial vs management accountingFREE PREVIEW14 min
Qualities of good management information (ACCURATE)12 min
Nature of MI — MCQ15 min
Study Hub
Chapter summary76 flashcardsWorkbook StudyMaths labKey concepts
2Chapter 2: Cost Classification and BehaviourLocked
Cost classification: by nature, function, behaviourFREE PREVIEW18 min
Cost-volume-profit (CVP) analysis and break-even22 min
High-low method for cost estimation16 min
Cost Behaviour — MCQ20 min
Study Hub
Chapter summary79 flashcardsWorkbook StudyMaths labKey concepts
3Chapter 3: Absorption and Marginal CostingLocked
Absorption costing: OAR and overhead absorption20 min
Marginal costing vs absorption costing — profit differences22 min
Profit reconciliation statement1 week
Absorption vs Marginal — MCQ20 min
Study Hub
Chapter summary126 flashcardsWorkbook StudyMaths labKey concepts
4Chapter 4: Budgeting and Budgetary ControlLocked
Purpose and types of budgets18 min
Preparing functional budgets: sales, production, materials, labour26 min
Live class — master budget walk-through90 min
Functional budget preparation1 week
Budgeting — MCQ20 min
Study Hub
Chapter summary110 flashcardsWorkbook StudyMaths labKey concepts
5Chapter 5: Standard Costing and Variance AnalysisLocked
Standard costs: types and uses18 min
Material and labour variances24 min
Overhead and sales variances22 min
Live class — variance analysis worked examples90 min
Variance report1 week
Variance Analysis — MCQ25 min
Study Hub
Chapter summary105 flashcardsWorkbook StudyMaths labKey concepts
6Chapter 6: Decision Making and Relevant CostsLocked
Relevant costs: incremental, avoidable, opportunity costs20 min
Make-or-buy and outsourcing decisions18 min
Limiting factor analysis and contribution per limiting factor22 min
Relevant Costing — MCQ20 min
Study Hub
Chapter summaryFlashcardsWorkbook StudyMaths labKey concepts
Summary, flashcards and maths lab for this chapter are being written.
7Chapter 7: Pricing DecisionsLocked
Cost-plus and full-cost pricing16 min
Marginal cost pricing, target costing, and price elasticity20 min
Pricing Decisions — MCQ18 min
Study Hub
Chapter summary134 flashcardsWorkbook StudyMaths labKey concepts
8Chapter 8: Performance MeasurementLocked
Financial performance indicators: profitability, liquidity, efficiency22 min
Non-financial performance indicators and the balanced scorecard18 min
Performance report1 week
Performance Measurement — MCQ18 min
Study Hub
Chapter summary126 flashcardsWorkbook StudyMaths labKey concepts
Chapter quizzes
11 timed quizzes · live from the question bank1Chapter 1: Chapter 1: The fundamentals of costing
2Chapter 2: Chapter 2: Calculating unit costs (Part 1)
3Chapter 3: Chapter 3: Calculating unit costs (Part 2)
4Chapter 4: Chapter 4: Marginal costing and absorption costing
5Chapter 5: Chapter 5: Pricing calculations
6Chapter 6: Chapter 6: Budgeting
7Chapter 7: Chapter 7: Working capital
8Chapter 8: Chapter 8: Performance management
9Chapter 9: Chapter 9: Standard costing and variance analysis
10Chapter 10: Chapter 10: Breakeven analysis and limiting factor analysis
11Chapter 11: Chapter 11: Investment appraisal techniques
Requirements
- Comfort with arithmetic and basic financial statements
Who this is for
- ICAB Certificate-level candidates sitting the MI paper
- Junior management accountants
About the instructor
KhaledFCAChartered Accountant and ICAB lecturer with deep exam-coaching experience across the Certificate and Professional levels.