Standard March 2026

PM Intro Class Slides

PM Study Notes - Section B

ABC Practice 1- answers

PM Study Notes - Section C

PM Study Notes - Section D

PM Study Notes - Section E

PM Study Notes - Section A

Study Material 

PM Practice Kit

Practice Kit +

Section B Practice Questions

Section B Practice - Answers

Limiting factors practice - Question

Limiting factors practice- Answers 

Practice Sheet - Limiting factor analysis 

Section C - Limiting Factor analysis - Answer sheets

Section C - Relevant Costing

Section C - Pricing practice question

Section D- Part 1- Budgeting questions 

Section D-Part 2- Budgeting & Control questions 

Section E - Practice 1- Questions

Section E-Practice 1-Answers 

Section E-Practice 2-Questions 

Section E-Practice 2-Answers

Practice Questions 

Relevant Costing - Robber Co

Relevant Costing - Belton park Resort

Relevant Costing - HL Co

Pricing - ALG CO

Answers

This PM introductory class,  covering PM syllabus, exam structure and a discussion of management accounting concepts.

lecture video 

Lecture 1- Introductory Session

This lecture covers following topics from PM Syllabus Section B:
1- Activity Based Costing (ABC)
2- Target Costing  

Lecture video

Lecture 2 - ABC & Target Costing

Lecture Video

Lecture 3 - Revision - ABC and Target Costing 

Lecture 4 - Practice Session - ABC + Target Costing 

This lecture covers following topics from PM Syllabus Section B:
1- Lifecycle costing 
2- Throughput Accounting  

Lecture video 

Lecture 5 - Lifecycle Costing & Throughput Accounting

This session covers Throughput Accounting theory with practice questions, and Environmental and Sustainability Accounting 


Lecture 6 - Throughput Accounting & Environmental Management Accounting (EMA)

This is a 2 part lecture:
Part1 - Covers Environmental Management Accounting (EMA) 
Part2 - Practice - Section B

Lecture 7  - Environmental Management Accounting

This practice session covering questions from PM Syllabus Section B - Specialist cost & management accounting techniques 

Lecture 8 - Practice

This lecture is divided into 2 parts:
Part 1- covers Limiting Factors Analysis- How to make decisions under constraints when there is single limiting factor situation, using the Ranking method.
Part 2- covers Relevant Costing - How to calculate the relevant cost of material and labour using relevant costing principles. 

Lecture 9 - Limiting factors & Relevant Costing

This lecture covers following topics:
1- Decision making under single limiting factor situation - using Ranking method
2- Linear Programming - Decision making under multiple constraints situation

Note- Part 1 is a repeated area as the same topic (Decision making under single limiting factor situation - using Ranking method) is already covered in the Lecture 6

Lecture 10 - Limiting Factors + Linear Programming 1

Lecture 11 - Practice - Limiting factors

This lecture covers Linear Programming topic in further detail, including Shadow Pricing, Binding constraints and Slack

Lecture 12 - Linear Programming 2

This lecture covers following topics:
1- Relevant Costing
2- Make or Buy decisions with and without limiting factors 
3- Shut down decisions
4- Special order acceptance decisions 
5- Further processing decisions 

Lecture 13 - Relevant Costing & other Short Term Decision Making

This practice session includes working on past paper questions from Relevant costing topic




Lecture 13 - Practice Questions 

Answers 

Lecture 14  - Practice - Relevant Costing

This practice session covers following:
1- A quick revision of Linear Programming techniques followed by practice from notes 
2- A quick revision of Relevant Costing and other Short-term Decisions techniques including [Make or Buy Decisions with and without Limiting Factors], [Shut Down Decisions], [Incremental Revenue and Cost analysis] and [Further Processing Decisions], followed by one question from the notes  

lecture video

Lecture 15 - Practice- Linear Programming + Relevant Costing

This lecture covers following topics:
1-Calculate contribution and contribution to sales ratio 
2- Breakeven analysis with single product and multi product scenario 
4- Calculation of Margin of Safety and Target Revenue
5- Breakeven Charts and Graphs  

Lecture 16 - Cost Volume Profit (CVP) Analysis

This lecture is covering Pricing Decisions, that includes topics:
1- Factors considered in pricing decisions
2- Price elasticity of demand (PED)
3- Demand curve and Demand based pricing
4- Incremental cost and revenue analysis 
5- Different pricing methods  

Lecture 17 - Pricing Decisions

This lecture covers following:
- It starts with CVP analysis practice 
- Next, discussion of Pricing theories and methods 
- Pricing methods practice 

Lecture 18 - Practice Session - CVP & Pricing Decisions

This lecture covers various Risk and Uncertainty topics in details 

Lecture 19 - Risk & Uncertainty in Decision Making

This lecture covers following topics from PM syllabus:
1- Use of Expected Values and Decision Tree in decision making
2- Maximax, Maximin and Minmax approaches to. decision making
3-Value of Perfect Information

Lecture 20 - Risk & Uncertainty-Part 2

This lecture includes revision of following 3 topics from Section C, Decision Making Techniques 1- Cost Volume Profit (CVP) analysis
2- Pricing 
3- Risk and Uncertainty 

The lecture also includes working on a Practice Question from Pricing chapter

Lecture 21 - Revision + Practice

This practice session includes working on MCQ's and 2 Constructed Response Questions from past papers covering syllabus topics, Risk & Uncertainty in Decision Making. 

Lecture 22 - Practice - Risk & Uncertainty

This lectures covers various budgeting theories including:
1- Incremental Budgeting 
2- Zero Based Budgeting 
3- Rolling Budget
4- Activity Based Budgets ( ABB)
5- Beyond Budgeting 
6- Flexible Budgets

Lecture 23 - Budgeting Methods

Lecture 24 - Practice - Budgeting Methods

This lecture covers following topics:
1- High & Low method
2- Learning Curve theory 
3- Linear Regression analysis 
4- Time Series analysis 

Lecture 25 - Quantitative Analysis in Budgeting

This lecture includes:
1- A quick revision of Learning Curve topic 
2- Practice 3 questions from Section D 

Practice questions cover following topics:
Question 1- Flexible Budgeting
Question 2- Learning Curve and Pricing 
Question 3-Labour Planning and Operational variances with Learning Curve 

Section D-Practice Questions 

Lecture 26 - Practice - Budgeting & Control

This lecture covers following:
- Starting with practice of Quantitative analysis from Study hub.
- Next it covers standard costing, including Mix and Yield Variances  

Lecture 27 - Standard Costing - Mix and Yield variances

This practice session includes working on PM topics Material Mix and Yield variances.

Lecture 28 - Practice - Mix and Yield Variances

Lecture 29 - Advanced Variance Analysis - Planning & Operational Variances

This lecture is covering following topics from Section E:
1- Financial Performance Measurement, including Profitability, Liquidity and Gearing ratios
2- Issues with Financial Performance Measures
3- Performance Measurement Models
 - Balanced Scorecard
 - Building Block Model 

Lecture 30 - Section E - Performance Measurement & Control- Part 1

This lecture comprehensively covers following topics from Section E:
1- What is a divisional structure and decentralized organisation
2- Divisional Performance Measurement using ROI and RI
3- Transfer Pricing methods 
4- Performance Measurement in Not-For-Profit Organisations (NFPO's)

Lecture 31 -Section E- Performance Measurement & Control - Part 2

This practice session covers 2 questions from Section E with focus on following topics:
Question 1 - Balanced Scorecard 
Question 2 - Building Block Model 

Lecture 32 - Practice - Section E-Part 1

This practice session covers 2 questions from Section E with focus on following topics:
Question 1 - Transfer Pricing + Divisional Performance Measurement
Question 2 - Performance Measurement in Not-For-Profit-Organisations

Lecture 33 - Practice - Section E-Part 2

This revision class covers following:
- A quick discussion of various PM topics  
- Section A styles OT (objective test) questions from practice kit
- Section B style OT questions from practice kit

PM Revision - Lecture 1 

This revision class covers following:
- Section B style OT questions from the practice kit
- 2  Constructed Response(CR) questions from the practice kit 
   - Question 7 ( Health Nuts) - Topic covered CVP/B.E analysis 
   - Question 14 ( Portable Garage Co) - Topic covered - Transfer Pricing 

PM Revision - Lecture 2

This revision class covers following:
- 2 Constructed Response questions from the practice kit 
  -  Question 4 - Flag Co - 
        Topic covered - Financial Performance Measurement + Building Block Model
  -  Question 17 - Sports Co - 
        Topics covered - Divisional Performance Measurement 

PM Revision - Lecture 3 

Session 1 - Answers 

PM Revision - Lecture 4

Session 2 - Answers 

PM Revision - Lecture 5

The session comprises working on 2 Constructed Response (CR) questions, covering following topics:
Question 1- Valet Co  - Sale Mix & Quantity Variances
Question 2-  Bedco  - Material Planning & Operational variances

Performance Management (Batch-A)- March 2026

Course content