11-15-2008, 06:36 PM
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#1
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Administrator
Join Date: Apr 2008
Location: accahelp.com
Posts: 606
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F5 December 2008 ACCA Exam tips by BPP
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December 2008 ACCA Exam tips by BPP for F5 Performance Management
[HIDE]This exam consists entirely of compulsory questions; this makes question spotting particularly dangerous. The purpose of this analysis is to highlight key areas that we would expect to be regularly tested Use the following tips as important areas to cover but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
Specialist Cost and Management Accounting Techniques:
Activity Based Costing & Target Costing has featured to date. Calculations may feature regularly on areas such as ABC. Throughput accounting questions have not yet been examined. Be prepared to discuss techniques such as target and lifecycle costing. Remember the questions are likely to have a 50:50 split between discussion and calculations.
2008 P&R Kit Questions: Q4, Q5, Q6, Q8, Q9
Decision making techniques:
Relevant costing with further processing featured in the first sitting of this paper, with linear programming in the second. Most likely this time round is probably pricing and risk and uncertainty, however, do not neglect areas such as relevant costing as this is a very important topic that could easily be examined again soon.
2008 P&R Kit Questions: Q11, Q12, Q13, Q16, Q17, Q18
Budgeting:
Learning curves featured on the pilot paper.
Discussion marks are likely to feature heavily here. Perhaps looking at the appropriateness of budgeting types e.g. incremental vs. ZBB.
Numbers elements in a budgeting question could include flexed budgets or time series analysis.
2008 P&R Kit Questions: Q19, Q20, Q22, Q24, Q33
Standard costing & variance analysis:
Mix and yield variances were on the pilot paper, planning and operating variances in December. In June you were asked to prepare an operating statement which included budgeted idle time. Be prepared to discuss performance and whether the variances are an indicative measure of good / bad performance. Other potential discussion areas could be along the lines of interpretation or when to investigate variances.
2007 P&R Kit Questions: Q28, Q30, Q32, Q34, Q35
Performance Measurement and Control:
Questions here could frequently focus on interpretation of performance and a discussion of financial vs. non financial measures. These have featured on all papers to date. Questions could also focus on performance evaluation in the public sector so perhaps featuring calculations using the 3 Es. Alternatively they could focus on divisional performance measures such as ROI / RI and a discussion of the impact on performance of various transfer prices.
2008 P&R Kit Questions: Q38, Q39, Q41, Q42, Q45
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i remember i had 30 posts though...
Linear Mode
