May 19, 2012 at 7:48 pm
More tips will be added in a while. Keep checking for updates.
Activity Based Costing
Cost volume profit analysis
Planning and Operational Variances
Budgets – mainly written, but with preparation of a flexed budget and commenting on it
Financial and non-financial performance measures (with main emphasis on non-financial)
Costing methods – ABC.
Decision making – decision.
Budgeting – forecasting models.
Variance analysis – planning and operational variances.
Performance measurement – non-financial indicators.
source for tips from other publishers – PQ Magazine
best of luck with exam!
ansiMay 20, 2012 at 6:22 am
best wishes for your exams too.May 23, 2012 at 5:53 pm
• Be aware of the big difference between F2 and F5: you have to understand and discuss calculations rather than just do them.
• F5 requires a certain amount of interpretation. Practise these types of questions.
• Don’t get bogged down by the many different types of variance. The most important variances are the ‘basic’ ones, materials mix and yield varaiances, sales mix and quantity and planning.
• Show any workings. Provide your main answer first, with workings underneath
• Environmental accounting techniques.
• CVP or dealing with risk and uncertainty.
• Budget appropriateness and behavioural impacts.
• Mix and yield variances, planning, operational, as well as basic variances.
• Performance measurement and control – likely to be tested at every sitting.
• Throughput accounting and TOC.
• Zero based budgeting.
• Multi-product breakeven charts.
• Target costing.
• Environmental accounting.
• Cost volume profit.
• Limiting factors.
• Forecasting techniques.
• Variances including planning and operational.
• Performance measurement including building block model.May 31, 2012 at 11:45 am
very usefulMay 31, 2012 at 11:45 am
very usefulJune 1, 2012 at 11:02 pm
Sooooo tensed for F5June 2, 2012 at 8:13 pm
thanks so muchJune 2, 2012 at 8:17 pm
have some problems with the environmental accounting any help? pleaseJune 3, 2012 at 12:23 pm
thanks y’allJune 3, 2012 at 5:33 pm
great sharing…..thanks dearJune 3, 2012 at 7:02 pm
Environmental accounting will be a written segment. Use the Open tuition notes and basically memorise them. This will be enough for the exam. Maximum marks available for this topic is 8 if it gets examined.
Financial/Non Financial performance analysis will definitely be examined as it wasn’t in last sittings and is normally at every sitting.June 5, 2012 at 5:01 am
thanks for the tips. they are really useful.June 7, 2012 at 11:40 pm
thanx ansi for the updates ….i wish this will be useful for exam…finger crossedJune 8, 2012 at 5:40 am
I just want to get 50 percent lol wht to do???June 8, 2012 at 8:03 am
What should I focus on for this last few days?June 9, 2012 at 1:04 pm
COULD U SOLVE THE QUESTION PLEASE ‘ YEAR 1 GROSS PROFIT MARGIN 40, SELLING PRICE IS $10. IN YEAR 2 SELLING PRICE IS FALL 5%. SO WHAT WILL BE GROSS PROFIT MARGIN FOR YEAR 2′June 9, 2012 at 2:54 pm
Selling price is $10 and gross profit margin is 40%.
Selling price falls 5% to $9.5
Therefore, gross profit will be ($9.5 X 40%) = $3.8June 10, 2012 at 2:06 pm
Hi, does anyone know how accurate these “tips” usually are?June 10, 2012 at 4:47 pm
not very accurate
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