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Sir are the operating statements under absorption costing and marginal costing included in syllabus? (variances)
You are expected to know what an operating statement is (because of Paper F2), but you will not be asked to prepare one.
Secondly Sir Sir , are the following covered in lectures:
1) 7 steps of planning and control cycle, i.e identify objectives, identify strategies, evaluate strategies, choose alternative course of action, implement long term plan etc
2) Factors to be considered before deciding whether to investigate a variance or not , e.g size of variance, historical pattern, controllability, reliability etc?
3) Problems associated with reward schemes
4) Negotiated transfer price
5) Factors to consider when quoting minimum price
Are the following covered in lectures:
1) 7 steps of planning and control cycle, i.e identify objectives, identify strategies, evaluate strategies, choose alternative course of action, implement long term plan etc
2) Factors to be considered before deciding whether to investigate a variance or not , e.g size of variance, historical pattern, controllability, reliability etc?
3) Problems associated with reward schemes
4) Negotiated transfer price
5) Factors to consider when quoting minimum price
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