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ACCA F2 Budgeting part b
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Thank you so much for simplifying this topic for me. The text I have gives a formula for each of the budgets with no meaningful link between, so that it’s almost impossible to remember. You’ve taught the topic in such a way that it is not necessary to learn yet more formulas.
Sarah:)
Thank you for your comment 馃檪
Hello Sir,
I just wanted to know whether we’ll be asked to prepare a cash budget and master budget in the exams…(or is it just functional budgets)
This is the only confusion i got while reading the bpp text..
My exam is next week!
Great lectures! Thank you for making it easier for us…?
You could be asked for extracts from a cash budget.
As far as the master budget is concerned, it is enough to know what it is.
(and thank you for the comment 馃檪 )
I got lost between BPP, LBS & Opentuition. I guess that I will put my faith and efforts on opentuition only :).
Our lectures cover everything needed to be able to pass the exam well.
Just make sure that you buy a Revision Kit from one of the ACCA approved publishers, because they contain lots of exam standard question for practice, and practice is vital to passing the exam.
Sir How do i prepare for F2 theory ? the problem i face is theory, MCQS like statements ? examiner is testing more theory in this paper than calculation? please avise
Dear Mr. Moffat, the previous format was more appealing where you had been teaching to a group of students in a class room. Further, it act as a two way communication.
However, I thank you for your valuable service, and I am understanding concepts and also solving problem from the Revision Kit. Your hints and tips are highly appreciated.
Best Regards
Thank you for your comments 馃檪
I have to disagree with AK. I much prefer this format 馃檪
Great work either way.
Thank you 馃檪
i do not quite understand where you got the figures for decrease i n inventory under part D materials used. Can you please explain it to me?
The question tells you what the opening and closing figures are for the inventory of Wood and of Varnish.
The decrease is simply the difference between the opening and closing inventories.
(I assume that you have printed out the lecture notes that are used with these lectures?)
Thanks Mr. John Moffat..
I want to ask you a question, so how do you see?
How do I see what??
I mean you wrote in the open tuition web a question without answer.. So I need its solution
Who wrote a question without an answer? Don’t be silly.
I work through the answer in the lecture, and if you look at the contents page of the lecture notes you will see that the answers are printed in the notes.
Investment appraisal is capital investment budget
Other Budgets are Functional, sales, production, Inventory, usage material , and purchase material budgets
cash, balance sheet, income statement and capital investment budgets and cash flow budgets are not functional but they are the master budgets ! am I RIGHT?
Yes.
Sir i would like to know where can we find the ans for the example questions given in your lecture notes ?
Try looking on the contents page! The answers to both the examples and the test questions are printed at the end of the lecture notes.
(Also almost all the examples are worked through and explained in the lectures – you should not use the lecture notes on their own).
Thank you once again for a great lecture.
You are welcome 馃檪
What about Master Budgets. Are there no lectures on Master Budgets? And is master budgets important in exams point of view?
Why do you not watch all the lectures??
There is not much point in picking one at random – if you watch our lectures in order then they form a complete classroom course covering the whole of what is needed to pass Paper F2 (provided, obviously, that you have the free Lectures Notes in front of you while you watch).
If you watch the first budgeting lecture (the introduction to budgeting) then you will find I explain what is meant by the master budget.
You cannot be asked to prepare a master budget – you can only be asked what it is and what budgets it is likely to include.
Thank you for your reply. Yes I do watch your lectures in order but I wasn’t sure if it is required to prepare a master budget in exam.
Thank you for clearing my doubt 馃檪
You are welcome 馃檪
Hey good day’
A little lost with (d), how did you get the 3000 and 1000 for inventory?
3,000 and 1,000 are the changes in the inventory.
According to the question (in the Lecture Notes) the opening inventory of wood is 21,000 kg and the closing inventory is 18,000 kg. Since the inventory fell by 3,000 it means that 3,000 of the usage came from inventory and only the remainder needed to be purchased.
Great. I was wondering the same thing. Perfect.