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Hey I am struggling with the multiple choice theory questions .I always get them wrong and I am writing in two weeks time .what’s your advice?
I’m not John but maybe I could help.
1. First, I suggest you read the last line of the question to understand what you’re being REQUIRED to identify.
2. Concept clarity is key to ace F5. You may have learned formulas but if you don’t understand the basis, assumptions or principles of those formulas, a theoretical question on that learned formula will become challenging to answer.
Think variance analysis and throughput accounting, for example. You need to understand why usage of materials above budget is an adverse and why sales above budget is favourable.
In throughput, the only VC is material cost – all others are assumed to be fixed including labour. It’s an assumption.. So, again, concept clarity is key.
Hope this helps.
mjibola: Thanks, but please don’t answer in this forum (but do certainly help people in the other F5 forum).
mokhoabane: mjibola’s advice is good. Other than that it really is a combination of studying hard (have you watched all our free lectures?) and practicing as much as possible all the questions in your Revision Kit.
Thank you John and mjibola …. I have watched the free lectures ,. Still on the revision kit ….
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