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Dear John,
Hello!
In the BPP passcard, the reconciliation of profit for both marginal costing and full costing upon standard cost card compared with actual performance (actual profit) is presented. Will this be examinable in the F5? I have watched your lecture but nothing is found and there is not specific point in the syllabus (although the there are points for standard costing and specialised costing systems).
Should I focus more on this?
Thanks a lot!
Firstly it is covered in the lectures – in the lecture on basic variances I produce operating statements (which is what we call the reconciliation of actual with budget profit).
Secondly, although it is in the syllabus (because it is assumed knowledge from Paper F2 – that is why it is not stated specifically), the examiner has said that she will not ask questions requiring a full statement.
Dear John,
Thanks for your reply!
At this stage, may I assume the examiner does not aim to test us for this specifically in F5? Although thorough study across the syllabus is important, should I focus on this topic as there is one day to go?
Thank you once again for your help!
As I wrote before, the examiner has said that she will not ask you to produce an operating statement.
You will get asked variances, but you should concentrate on planning and operational, and mix and yield variances.Dear John,
Thank you once again!
As you may know, I have been exempted from F2. In the future, I may have a look for the syllabus relating the module tested and the module has relation to the module tested.
Sorry for inconvenience cause.
God bless me. Pass F5 tomorrow.
Have a nice day John!
sorry you may help on how can i produce fully operating statement i both marginal cost and absorption costing and then how can i make reconciliation between budgeted profit and actual profit
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