Help Needed With Revision Please....

[ashleigh.vaughan]

Hi there. I have an exam in a few days and was wondering if anyone would help with a few questions inorder to complete my revision.

Budgeting -

1) What are the stages involved in the successful implimantation of a budgeting system?
2) Identify the stages involved in the preperation of budgets

Standard Costing -

1) Briefly outline possible reasons for interrelationships between material and labour variences.

Sources of Finance -

1) what are the effects of maturing debentures to a company?

Any helo would be apreciated! thanx xx

[Tammi]

Hi, ashleigh.vaughan,

I'll try to answer your questions:

1. Stages in budget preparation

Before budget preparations, objectives should be formulated and then come the stages:

A) Budget committee is formed
B) Budget manual is produced
C) Limiting factor/principal budget factor is identified
D) Other budgets are prepared
E) The budgets are integrated into the complete budget system
F) After any adjustments management approves it

2. There is an interrelationship between labour efficiency variance (F) and materials usage variance (A).
The workers try to make more products and work quickly, they may waste more material than needed

3. Can you remind me where the sources of finance are given in the syllabus?

[ashleigh.vaughan]

thank you for the help so far!!

And with regards to sources of finance - it is to do with the working capital cycle.

Thanx again, Ashleigh xx

[Ravinee B]

Hi
Am going to do computer base exam in a few days and need some help for my revision. can any one help me of how to revise f2 paper please because me going to do it a second time first time got 48 marks
Please anyone help me thanks in advance
Regards
Ravinee

[Acid]

Practice as many mcqs as possible n learn forumlas and get to know the common in them

Regards

[Ravinee B]

Thanks you lots dear
B REGARDS
Ravinee

[hetal]

hello, ravinee.
sorry for the late reply.
I suggest you to go for "GTG QUESTION BANK" covering all important topics of syllabus.
The solutions in this book are well explained.
You can have good practice solving them.