Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › MTQ question 3
- This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
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- May 25, 2017 at 3:59 am #387957
Sir, will creating a management Accountant profit statement for any question help me solve MTQs e.g MTQ question 3? can i use the statement as an alternative instead of working through one question individually? is it possible to create a management accountants profit statement from MTQ 3?
May 25, 2017 at 7:34 am #387966I don’t know which MTQ question 3 that you are referring to!
Is it in our practice test (if so which one), is it in the BPP Revision Kit, or where??To create a full profit statement in order to answer a 2 mark question is very unlikely to be needed – you would not have enough time.
May 25, 2017 at 11:23 am #387996https://specimen.accaglobal.com/Assignments/F2_MTQ/ACCA.html MTQ F2 section B Question 3. I would like to use the Management accountants profit statement to fill in the gaps to solve the question please.
May 25, 2017 at 3:36 pm #388056But the statement given in the question is a management accountants profit statement (the other name for it is ‘operating statement’!!!
The management accountants profit statement (or operating statement) calculates the standard profit and then shows the various variances in order to arrive at the actual profit – that is what has been given in the question.
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