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BUDGETING CONFUSION?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › BUDGETING CONFUSION?

  • This topic has 5 replies, 5 voices, and was last updated 11 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • September 17, 2013 at 6:33 pm #140683
    Gabriel
    Member
    • Topics: 135
    • Replies: 591
    • ☆☆☆☆

    If in 2013, the F5 syllabus doesn’t cover the regression analysis and time series in quantitative analysis in budgeting, then why has open tuition included these topics in the F5 course note for Dec 2013 exams? I mean it’s not in the syllabus anymore, so why study it? Is it irrelevant? Are they zero chance of it popping up in the Dec 2013 exam? Please advise, whether I should read these topics anymore or not. Because even in June 2013, the formula sheet for F5 exam didn’t have the formula for regression analysis.

    Thanks,

    September 17, 2013 at 7:35 pm #140689
    latoyah
    Member
    • Topics: 9
    • Replies: 207
    • ☆☆☆

    question for you,

    is the high low method in the F5 syllabus?

    somethings you need it is assumed knowledge so its not included in the sylabus.

    just my view

    September 17, 2013 at 7:45 pm #140691
    mytuitions
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    You need to have an understanding of these models. You will not be examined on these but a question might be set that includes figures (already) calculated using these models. For questions such as these the examiner assumes you have the knowledge of how he calculated the figures.
    For example, you might get a budgeting question where the next quarter sales figures is given in the exam and the examiner has forecasted it using a time series basis. Your requirement wont be asking you to recalculate or comment but know how relevant the figure is for, let say, variance calculation purposes.

    September 18, 2013 at 6:35 am #140735
    mahoysam
    Participant
    • Topics: 37
    • Replies: 140
    • ☆☆

    It is assumed knowledge PLUS even though you will not be asked to do calculation on it, you are expected to know the concept and be able to write about it.

    BTW I really never check whether opentuition material meet the syllabubs, I know that the videos and the notes are updated on regular basis for the exams, so just trust them and if something is in the notes, then it means it is relevant in some way.

    Good luck!
    Maha

    September 18, 2013 at 4:46 pm #140791
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    mytuitions and mahoysam are both correct!

    Of course we do not include anything in the course notes that is not relevant for the exam.

    If you read the introductory paragraph of the relevant chapter in our Course Notes it specifically says in bold letters that you will not be expected to do calculations but that both regression and time series are assumed knowledge from Paper F2.

    (The same applies to ‘basic’ variances – they are not mentioned in the syllabus (only the advanced variances) but they can still be asked as part of a question (and were in June) and knowledge of them is essential to be able to do the advanced variances. They are assumed knowledge from Paper F2)

    September 18, 2013 at 4:47 pm #140792
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    latoyah: Yes, you are correct – the high low method is assumed knowledge from F2 and is often needed in F5 as a small part of a question.

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