MANAGEMENT ACCOUNTING

Preface
The ever-evolving world of business demands that professionals possess not only technical skills but also the analytical capacity to make sound financial decisions. Management Accounting, as a discipline, empowers individuals to navigate these complexities with confidence by offering practical tools for planning, control, and informed decision-making.
This book has been developed to comprehensively cover the syllabus for PAPER NO. 11: Management Accounting under the Certified Public Accountants (CPA) – KASNEB curriculum, while also aligning with the knowledge expectations of students pursuing ACCA and related professional qualifications..
Each chapter corresponds directly with the topics prescribed in the syllabus and begins with clear learning outcomes. The content is supported by worked examples, real-world applications, and CPA-style exam questions with solutions provided at the end of each Chapter. This ensures that learners not only understand theoretical concepts but can also apply them practically and confidently in examination and professional contexts.
Special attention has been paid to using terminology and case scenarios relevant to both Kenyan and international accounting environments, helping learners build a global outlook while remaining grounded in local practice.
This guide is particularly useful for:

• CPA students preparing for KASNEB exams
• ACCA students seeking to reinforce core management accounting concepts
• Trainers and lecturers looking for simplified teaching material
• Professionals seeking a refresher in cost and management accounting techniques

The author is deeply grateful to the many accounting educators, practitioners, and students who have provided insights and feedback during the development of this work. It is hoped that this book will serve as a valuable companion throughout your learning journey and beyond.
Wishing you success in your studies and your future career in finance and management.
CPA Ronoh Benson Benhard
Synapse Global Institute
2025