• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Cath

Profile picture of Cath
Active 1 week ago
  • Topics: 0
  • Replies: 447
  • β˜†β˜†β˜†
  • Profile
  • Forums
  • Topics Started
  • Replies Created
  • Engagements

Forum Replies Created

Viewing 25 posts - 1 through 25 (of 447 total)
1 2 3 … 16 17 18 →
  • Author
    Posts
  • May 18, 2025 at 10:06 am #717321
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi there – we dont offer a phone call service Im afraid.
    But I have been involved and taught both CIMA & ACCA for many years,
    They are both highly respected chartered accountancy qualifications and will stand you in good stead for a career in that field,
    Ive never thought of ACCA as being more desirable abroad though (perhaps this is true & If international job searches are suggesting that ACCA the qualification that is most recognised then that could be a reason to swap.
    CIMA have joined forces with AICPA though which gives you an edge if you wanted to work in America.

    ACCA does have the benefit that you can specialise in tax and audit. Also it’s suitable for private practice accountancy as well as working in industry.
    CIMA Is really for industry only – although you can convert.

    Apart from that – like I say – both highly respected, academically robust qualifications. Take about the same length of time to qualify. Exam costs/ fees and so on are similar too.

    Hope that helps.

    Cath

    February 24, 2025 at 1:30 pm #715565
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi yes this looks ok to me.
    Thanks

    January 27, 2025 at 1:41 pm #715005
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi Steph

    Thanks for reaching out & its great you are getting back on track with your CIMA qual.

    The good news is that P1 is the ‘lead paper’ for CIMA case study – so its brill that you are doing this just before you sit the case study because most of the technical stuff will come from your P1 studies so will be fresh in your mind.

    For P1 I recommend our own resources obviously – also that you should buy a Kaplan texrt book / exam kit ( doesnt have to be brand new) just to supplement our notes & recordings on Open Tuitiion.

    E1 takes a back seat role for casestudy and for F1 its the IFRS standards, ethics, corp governance , a little bit of taxation and working capital which are the most commonly examined areas. So considering case exams are in Feb, May, August & November – allowing a little time to refresh those areas (no calculations needed for the case study – just explanations and ‘application to the scenario.

    Hope this helps and let me know anything else you need πŸ™‚
    Cath

    November 23, 2024 at 7:19 pm #713474
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi for the Pearson Vue mini-mock type papers (written by CIMA directly) you need to google Pearson Cue Practice assessment. It requires a new Pearson login + you have to put the chosen paper into your basket – but price is free of charge.
    Hope this helps
    Cath

    August 1, 2024 at 6:22 pm #709080
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi, Thanks for your question and im afraid there are two absolute valid ways to calculate planning & operational level variances that give two different answers.
    I believe the one in our Open Tuition videos was cited as CIMA’s preferred method – however, I do also think that CIMA exam questions would be written with the awareness that two valid methods exist so would ask a question that would not contradict either.
    Hope that helps

    August 1, 2024 at 6:17 pm #709079
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi There has been no major change in syllabus for CIMA BA Cert l;evel since 2017. The CIMA website is still listing that version of the syllabus as current.
    Im aware that the CIMA main qualification operational level etc is due an update later this year – but I dont think that CIMA BAcert is included in that (its all to be revealed by CIMA sometime soon).
    Therefore any textbook materials etc that you have should still be in date so long as post-2017.
    Many Thanks

    August 1, 2024 at 6:10 pm #709078
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Super & thank you for your question

    June 2, 2024 at 6:14 pm #706466
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi there,
    This is an exceptionally long question and you will not see such detail in the CIMA P2 objective test exam.
    If you do need help with a CIMA style question – please post the answer and let me know which bit you do not follow/ understand (I will then be able to target that area rather than answer the entire question).
    Thanks

    June 2, 2024 at 6:10 pm #706465
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi there – this is quite a straight forward breakeven calculation so I do suggest you watch the videos provided by Open tuition.

    Reminder of formula

    Breakeven point in units = Fixed costs/ contrib per unit.

    C/S ratio = contribution per unit / sale price per unit

    Target profit = Fixed costs + Target amount/ contrib per unit

    Preparation of statement of profit and loss would not be required in a CIMA BA2 multiple choice exam.

    April 29, 2024 at 8:04 pm #704710
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Hoping you have passed this exam.

    As an Open Tuition tutor, I dont have access to the mock exams from other tuition providers such as Astranti.

    However, all practice is good practice.

    Dont forget to use the CIMA authored practice assessment on the Pearson website ( thats the only one written by CIMA themselves – there is one for every subject).

    April 29, 2024 at 8:02 pm #704709
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    For this one we compare the making cost ( the manufacturing in house cost – not including the fixed overhead)
    to the supplier buy in price

    So we compare
    Dim $2 vs $2.5 – so making in house is cheaper
    Dom $5 vs $4 – so buying from supplier is cheaper
    Dem $3 vs $4- so making in house is cheaper.

    Main principle here is we ignore general fixed overhead in relevant costing situations because if we decide to buy in (the fixed cost will not be saved).

    Hope thats ok

    April 29, 2024 at 7:58 pm #704708
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi, Sorry for the delay and definitely a weird format question.

    So the principles of sensitivity is that its the change in variables needed to ‘reverse’ the decision.

    Im assuming you are happy that, initially the EV of the project is positive (0.4*!50k) _ (0.6*-80k) = 12k positive (accept)

    If the EV drops to zero then thats the point where we would start to reverse the decision.

    So we need to find a probablity of earning the 150,000 that is exactly netted off by the result of probability of earning (80k).

    The values of 150k and (80K) loss dont change.
    Also remember in a two-situation outcome then probabilities have to add up to 100%

    So that fancy formula above calculates that

    34.78% * 150,000 = 5,217,000

    then the loss probability (100 – 34.78 = 65.22%)

    65.22% * (80,000) = approx the same (5,217,600)

    Therefore making a loss and change of decision.

    ITs not working out exactly as zero due to rounding so presumably the question asked for the closest full percentage point or similar ( hence the answer is 35%)

    Overall though id say dont worry about that one too much – it’s an unusual question format! πŸ™‚

    January 2, 2024 at 1:30 am #697583
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi – Thanks for your question.

    Presumably you were given a model answer in the book? Can you tell me what the answer says and which part you need explaining? (this is better than me writing it all out).
    Many thanks

    January 2, 2024 at 1:29 am #697582
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi there,
    Thank you for your question but unfortunately as tutors we can not answer test-type questions such as this ( we dont want to be providing a service where we simply answer homework for students).

    We are always happy to help, but this tutor forum operates best when you post the answer from which ever source you obtained the question above- then you explain why you disagree or dont understand the answer provided to you, so that the Open Tuition tutors can help to resolve your particular aspect of misunderstanding.

    Please reply to this post with the answer to the question above and let me know some more detail as to why it is causing you doubt.

    Thanks
    Cath

    January 2, 2024 at 1:24 am #697580
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Thanks for your question but this is a CIMA P1 forum and investment appraisal (eg payback period etc) has moved from the P1 syllabus when it updated in 2019.

    This topic is now on CIMA P2 syllabus so if you are preparing for the P1 exam please ensure your study materials are up-to-date for the current syllabus

    Thanks
    Cath

    October 30, 2023 at 1:19 am #694161
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    You’re welcome + great to help,
    Cath

    July 10, 2023 at 12:38 pm #687820
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Im afraid we are unable to confirm when those videos will be added.
    However, those topics are all dealt with in similar respects to CIMA P2 assessments by ACCA papers FM and AFM ( sometimes referred to as ACCA F9 and P4).

    Here is a link to John from Open Tuition explaining value-at-risk for this purpose.

    https://www.youtube.com/watch?v=4T-vwZHDaAs

    Hope that helps
    Thanks
    Cath

    July 8, 2023 at 10:33 pm #687776
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    This is because the overhead costs are released to the profit and loss account only when the product is sold, so sales income is matched with costs.

    The other option would be marginal cost where overheads are invoiced in each period. Meaning that in months of high production – large overhead deductions will be made from profits, even though the products are not necessarily sold that period ( can be stocking up for next season)l
    Deducting all the costs in full in the period can cause swings in profit .

    Hope thats ok & thanks for you question
    Cath

    May 22, 2023 at 8:34 pm #684845
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Thanks for your question.
    Im not quite sure what you mean. There is no need to work out the debit & credits for job costing for CIMA BA2.
    Instead you need an understanding of the principles in that only the material and labour + overhead costs that relate to the job will be collected and transferred to find the job cost.

    If its the basic principles you need (and its CIMA BA2 syllabus orientated) then our BA2 lectures will help.

    Otherwise, I dont believe the journal entries are needed for BA2.

    Many Thanks
    Cath

    May 22, 2023 at 8:24 pm #684844
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Im afraid we cant answer that in the CIMA P2 forum.
    CIMA P2 is the lead paper in the management case study, but as far as I know all areas of P2, F2 and E2 are potentially examinable.

    I dont advise question spotting, but if you were trying to pin down the most-examined areas then an analysis of past MCS recent exams (available on CIMA website) would be a good place to start.

    Using these you will notice patterns of frequently examined vs rarely examined areas to help you to focus. The past exams available by CIMA also include lengthy examiners reports which can hold some clues as to what the markers are looking for etc.

    Hope that helps
    Cath

    May 22, 2023 at 8:20 pm #684843
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi Jacobi,
    thanks for your question.
    Im afraid because CIMA is a computerised objective test bank of questions (created in 2019 and 60 randomly assigned questions, in syllabus weighting per exam) there are not any past-papers.

    We advise you to obtain a Cima-approved exam kit, such as Kaplan/ BPP/ or another publisher to practice questions. You dont need the latest version of these exam kit books, anything from 2019 will be current syllabus, so second hand market place versions are fine.

    CIMA themselves have for sale some practice electronic questions that they have authored:
    https://cimastudy.com/cima-levels/aptitude

    Apart from that there is only one free resource that CIMA have officially published & that is the Pearson Vue practice exam. There is one for each paper & it does give you a % score at the end (link is below)

    https://home.pearsonvue.com/cima/questiontutorials
    Hope that helps & you have been finding Open Tuition resources and practice questions of use also.
    Cath

    May 22, 2023 at 8:10 pm #684842
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi, Thanks for your question.
    First thing to say is thet investment appraisal techniques have been removed from CIMA P1 syllabus since 2019.
    Also all CIMA questions in dollars (not Β£s) so Im thinking this is not a CIMA P1 specific question.

    If youd like to gain more insight over investment appraisal techniques – you could watch the relevant section in the CIMA P2 video have available (this area is on the CIMA P2 syllabus)

    However, incase it helps you, ive done a quick calc ( yr0 value of the investment being Β£60,000 then reducing every year by 25% reducing balance) – ive got the end of year 4 balance to be Β£18,984 so according to the text you have posted above, in year five we are disposing of it for Β£4,000. This leaves a balancing allowance of Β£14,984 which with a tax rate of 35% you will have a tax saving in year 5 of Β£5244 (Β£14,984 *0.35). So I do agree with you – I cant see where a figure of Β£7500 has come from.
    I hope this helps
    Cath

    February 19, 2023 at 9:15 pm #679155
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi – thanks for your question & hope you are enjoying our CIMA resources.
    We dont generally answer questions directly like this – previously we have been used as a homework-resource, where students post the full question and expect us to answer.
    We assume you will have an answer in your textbook and you may then have a query or clarification needed based on the answer given.

    This seems very long for a CIMA BA2 question also- plus CIMA questions all in dollars – so not sure about the RM currency.
    However, top tips to approach this question will be that only the future, INCREMENTAL costs and savings will be relevant.
    So when you create your NPV calculation ( please use the videos for BA2 – ch19) make sure you only include the cashflows such as the 50 pence saving on the variable cost for example RM3 less 2.50 ( not the full RM2.50)
    Hope that helps
    Cath

    February 19, 2023 at 9:09 pm #679154
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi,
    Thanks for your query,
    I can see your thinking – but its more that a decision whether to accept the contract.
    Eg compare the average expected value of the different demand levels to see which contract level is worthwhile.
    So the demand cant be predicted – but the contract quantity has to be agreed in advance.
    Hope that makes sense + also this should be covered by the P2 recorded videos for a full working.
    Many Thanks
    Cath

    October 31, 2022 at 11:30 pm #670435
    a49b75c30ad66af5a409b1295e1c800ebda9dc5caaf27e48f990522423009ccd 80Cath
    Participant
    • Topics: 0
    • Replies: 447
    • β˜†β˜†β˜†

    Hi – this is a duplicate post, please see other response (this requires more info + is unclear what help you need from this alone) Thanks

  • Author
    Posts
Viewing 25 posts - 1 through 25 (of 447 total)
1 2 3 … 16 17 18 →

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options: Β β€œRead the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Nabiha on FA Chapter 2 Questions The Statement of Financial Position and Statement of Profit or Loss
  • John Moffat on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures
  • Bainamura on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures
  • kadamova.f@gmail.com on Associates (IAS 28) – PUPs – ACCA Financial Reporting (FR)
  • kadamova.f@gmail.com on Associates (IAS 28) – PUPs – ACCA Financial Reporting (FR)

Copyright © 2025 Β· Support Β· Contact Β· Advertising Β· OpenLicense Β· About Β· Sitemap Β· Comments Β· Log in