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dear tutor,
I have noticed that in the June 2012 F5 exam, question on time series analysis had been asked. I heard that time series analysis is now out of syllabus. So is this true? Can a question on time series analysis never come up in the exam?
Also, I’ve seen that from Dec 2010, there is always a question on budgeting (normally pure theory) so is it that in every sitting we’ll get a question on budgeting and that it will always be a writing/discussion question?
Time series is NOT out the syllabus. It is assumed knowledge from Paper F2.
However the examiner wrote an article in Student Accountant making it clear that it was still in the syllabus, but that you will not be asked calculations – you are just expected to be aware of the idea.
Our Course Notes make this very clear – it is stated in bold letters in the introduction to the chapter.There is certainly usually a question on budgeting, but that does not guarantee that there always will be one.
Also, although most of budgeting is discussion it is possible that there could be bits or arithmetic. (Learning curves for example is really a technique useful for budgeting)
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