Budgeting and marginal costing

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    dazhong0703
    Participant

    How will be budgeting and marginal costing be tested in P3 exam? Any practical questions? Thanks a lot.


    Profile photo of gromit
    gromit
    Keymaster

    Budget = a forecast and a plan, so might be some relevance to business/strategic planning.

    MC and MR are used in decision making. Could be relevant to expansion and product decisions and to shut down decisions.


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    dazhong0703
    Participant

    The examiner added these new topics to P3, how do I prepare for them, pls? I never studied subject performance management. Kindly elaborate more. Thank you.


    Profile photo of gromit
    gromit
    Keymaster

    They are all part of the F5 syllabus so I suggest you look there for further guidance.

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