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Section A & B
* Expect the unexpected.
* The promise is these will cover the whole syllabus.
Section C
*There is no official reading time now, but you need to plan your answers to section C before you start writing.
* Make sure you make reference to the scenario in your answers.
* Planning & operational variances.
* Mix and yield variances.
* Evaluation of the company performance: either as a whole, or on a divisional basis.What does it mean by to make reference to the scenario in your answers?
It is for written parts of the questions. Just refer to the particular situation described in the question.
You are welcome 🙂
PS I recorded today a lecture working through a past exam transfer pricing question. It will be uploaded in an hour or so.
Thank you so very much sir. I had seen your lecture on transfer pricing questions. Transfer pricing is all clear now. Thank you so much 🙂
Finally tomorrow is my paper. I had done everything from past papers and kits and watched all your lectures and did my revision too. but still i am not satisfied. Is there anything else i can do?
And any advice for paper? As this is my first manual attempt and i am quite nervous
The best you can do tonight is go to bed early and sleep well!!
It is too late to learning anything new, and it is when you are tired in the exam that you are more likely to make silly mistakes even on questions that you are good at.
Just remember you need 50% to pass and you should therefore aim to get 50% of the questions right in Sections A and B, and aim to get 50% of the marks in each of the long-form questions.
From then on, every extra mark is a ‘bonus’ which makes it more and more certain that you will pass.Best of luck for tomorrow 🙂
Rolling Budget. In study text of BPP the rolling budget example was a bit unclear. Increased percentage has been added to the same period together with the actual one. Then they added percentage increases.
Can you please show how a simple rolling budget should be done?Budget example: Q1: Revenue – 1000 ; Q2 Revenue – 2000 .
But in Q1 the actual revenue was 1005. Calculate the next 2 Quarters’ Budget?
ThanksThere is not enough information.
The budget is for Q2 and Q3.
Without any more information you would inflate the current Q2 forecast by 0.5% (because that is what happened in Q1). There is not enough information to prepare a Q3 forecast.Thanks for your answer. I have 2 more questions.
1.As I know, If a division is an investment center, we must add the non-current asset under control of Head office too, i order to calculate the ROI figure. In the exam there was a question to add it or not. There were non-current assets for both the division and head office control, payable, receivable… Is it correct to do lie this in order to calculate the capital employed? Non-current assets (including under head office control) plus working capital.
2. Profit figure in ROI. For the investment center division, is it preferred to add Head office costs to the income statement of the division in order to measure the divisions operations?
Thank you
I am sorry but it is meaningless for me to comment on the exam without having seen the whole questions.
I am not sure that they will release it.
Normally they only publish a hybrid paper (containing a selection of questions from the two previous sittings) every six months.
However since the whole of the September exam was published (because of the change in the exam format) they probably will not publish the December exam. If they do then maybe just Section C of it.
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