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ACCA F2 / FIA FMA lectures Download ACCA F2 notes
August 29, 2016 at 8:14 pm
Sorry to say, I’am not able to find the test questions,
it will be appreciated, if you can help me out,
John Moffat says
August 29, 2016 at 8:22 pm
Sorry – I must amend the lecture.
There used to be short tests at the end of each chapter of the lecture notes. However these have now been removed and instead we have online practice tests for each chapter.
You can find them linked from the main Paper F2 page of this website.
December 26, 2015 at 5:43 am
There is no lectures or notes for Service costing, how important is this for F2 exam?
December 26, 2015 at 11:17 am
It can be asked as an MCQ, but needs no additional techniques other than those covered in the other lectured.
October 27, 2015 at 4:07 pm
Chapter 15 and 16 are the only chapters on budgeting, no calculations involved for F2 level???
October 27, 2015 at 4:11 pm
Sorry there actually are calculations but just wanted to ask that this is the only bit on budgeting we have to cover for F2 level
October 27, 2015 at 4:13 pm
What is in our lectures notes (combined obviously with our lectures) is what is needed for Paper F2.
(Budgeting (along with other topics) is tested in great depth in F5 and P5, but you can worry about that when you come to them 🙂 )
September 29, 2014 at 8:43 pm
The management accountant of a company is preparing the master budget for the next(period 5). the company manufactures and sells a single product (p) for which the following budgeted data are provided for the period.
Sales demand____________9500 units_______________________________________
Raw Mat required p.u of product
Mat M1__________________________2 k.g @ $8.60 Per kg______________________
Mat M2__________________________1 litre @ $10.20 Per litre____________________
total budgeted production cost p.u_______________$ 46__________________________
_______________________________________________________________________Inventory of product p and of each raw material at end of period 5 needs tobe sufficient for 10% of the sales in period 6 when demand is expected to reduce to 9000 units.
what is the value of the total closing finished good inventory in period 5?
please help me with this question with lil explaination.
September 30, 2014 at 9:11 am
The sales of p in period 6 will be 9,000 and therefore they need enough inventory at the end of period 5 to make 10% x 9000 = 900 units.
You know how much of each material is need for each unit, and you know the cost of each material, so it is just multiplying up to get the total cost of the material needed to make 900 units.
January 17, 2014 at 8:17 pm
excuse me sir,there is no lecture of cash budget and cash flow forecast?
January 18, 2014 at 2:52 am
No – there is no lecture on cash budgets.
Cash flow forecasts are part of capital budgeting and there are lectures on that (I am on
a plane at the moment so I cannot check, but from memory I think chapters 12 and 13
January 18, 2014 at 3:49 pm
thank u sir…..
September 24, 2015 at 2:33 pm
Cute, flying! So nice.
September 24, 2015 at 2:35 pm
I mean flight.
December 3, 2013 at 11:18 pm
Hi, could anybody help me with one more question please?
The trend for the monthly sales ($Y) is related to the month (t) by the equation Y=1500-3t where t=1 in the first month of 20×8. What are the forecast sales ( to the nearest dollar ) for the first month of 20×9 if the seasonal component for that month is 0.92 using a multiplicative model?
December 4, 2013 at 7:19 am
if 1 is the first month of 20×8, then the last month of 20×8 is 12, and the first month of 20×9 is 13.
So put 13 in the equation, and then multiply the answer by 0.92 to account for the seasonality.
December 4, 2013 at 9:26 am
That’s great. Thank you very much your help.
December 3, 2013 at 11:09 pm
Hi, Could anybody help me with this question please?
Using an additive time series model,the quarterly trend (Y) is given by Y=65+7t, where t isthe quarter (starting with t=1 in the first quarter of 20×5 ). If the seasonal component in the fourth quarter is-30, what is the forecast for the actual value for the fourth quarter of 20×6, to the nearest whole number?
December 4, 2013 at 7:18 am
If 1 is the first quarter of 20×5, the the fourth quarter of 20×6 will be 8 (if you count the quarters).
So put t = 8 in the equation. Then because of the seasonality you need to subtract 30 from the figure that you get.
December 4, 2013 at 9:27 am
Thanks again…. it makes sense now…..
October 10, 2013 at 11:31 am
dear tutor, u did nt give more explanation in master budgets. Does that mean we are not expecting them in the exam? plz help
October 10, 2013 at 5:04 pm
Master budgets can certainly be asked in the exam. However you cannot be asked to produce them – all you can be asked is what the master budget is likely to contain.
There are no rules about what is contained – it is up to the company to decide what is useful – but it will usually contain a budget income statement, a budget statement of financial position (balance sheet), a cash budget (usually monthly), and a capital expenditure (non-current assets) budget.
Again, there are no numbers that can be asked – only statement questions checking you know what it means.
There is no more explanation necessary 🙂
October 10, 2013 at 5:22 pm
Thank you Very much, God bless you
October 10, 2013 at 5:24 pm
You are welcome 🙂
June 5, 2013 at 9:41 am
I REALLY APPRECIATED I HAD PROBLEM WITH BUDGETING IT REALLY HELPS. THANX. OPEN TUITION TEAM. YOUR REALLY A HELPER. I FAILD MY EXAM MANY TYMES NOT KNOWING HOW TO GET IN THIS PAGE AND LISTERN TO THE VIDEO CAUSE SOMETYME YOU DNT UNDERSTAND THE LECTURES IN CLASS BUT YOU WLL GET IT CLEAR WEN YOU WATCH THE VIDEOS.
October 30, 2012 at 1:07 pm
a big big thank
October 24, 2012 at 6:14 pm
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October 7, 2012 at 1:34 pm
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November 15, 2012 at 5:32 pm
Excuse me sir, I need your help on this question. Thank you sir.
Each unit of the product made by ABC company requires 1.5kg of material. Next year’s production budget of ABC company is as follows:
Inventory at start of the year:
Raw material 7200kg
Finished goods 5400units
work in progress(75% complete as far as material content is concerned) 2700units
Budgeted sales for the year 90,000units
Planned inventory at the end of the year:
Raw material 9000kg
Finished goods 8100units
work in progress(50% complete as far as material content is concerned) 3600units
The number of kilograms of material that sholud be purchased next year(to the nearest kg) is ?
November 16, 2012 at 2:14 pm
please help me on this question. Thank you.
October 10, 2013 at 5:06 pm
I am sorry that I never answered this question – I guess it is too late for you now.
However, if you need help please post in the Ask the Tutor Forum.
(The reason I missed this is that it is impossible every day to look at the comments beneath every lecture. However every day I do look at the questions in the Ask the Tutor Forum, and answer them)
May 9, 2012 at 4:10 am
thank you so much!
March 25, 2012 at 8:35 am
Appriciated for your so useful resourses!
FREE ACCA says
September 17, 2011 at 7:12 am
September 8, 2011 at 10:08 am
Thanks for the good work of clarifying key practical budgeting issues.
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