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Monthly variance report and accounting for Inventory

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Monthly variance report and accounting for Inventory

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 13, 2018 at 2:30 am #458538
    adil9407
    Participant
    • Topics: 3
    • Replies: 6
    • ☆

    Hello sir
    Could you please clarify the answers to the following questions please.

    Q. Monthly variance reports are an example of which type of management information?

    I put the answer down as operational which was correct with the Kaplan book. However the same question in BPP exam kit (Q1.6) the answer is tactical . Which one do I use for answer?

    Also for Q 6.22 (BPP) could you please go over the answer in a more simple Way, I do not get why in the answer they have got receipts from 12 Jan when the information they have given in the question is only issues and opening balance . ( sorry for the weird explanation. )

    Thanks

    June 13, 2018 at 8:32 am #458571
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    1. Tactical and operational both mean the same thing 🙂

    2. There is a mistake in the typing of the question – the 400 on 12 January should have been written as a receipt and not as an issue. The answer should now make sense 🙂
    (If you are still unsure, then do ask again but have you watched my free lectures on this? The lectures are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well.)

    June 13, 2018 at 12:50 pm #458610
    adil9407
    Participant
    • Topics: 3
    • Replies: 6
    • ☆

    Thank you for your quick reply, it all makes much more sense Now, and I have watched every video lecture, keep up the good work

    June 13, 2018 at 4:05 pm #458631
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You are welcome, and thank you for your comment 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Monthly variance report and accounting for Inventory’ is closed to new replies.

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