When Will We Know....

[shan]

what to expect in the exam? I mean will we get any ideas of what sort of questions to expect?


Shan :)

[Asif]

if it was other papers i would have gave u sum idea,,,but since its F5...man !!!! out of focus, out of the mind !!

> still i think lifecycle costing
> theoritical part of back flush accounting nd JIT (relation between them)
> i dont know rest....

I am zero percent sure bout the prediction

[shan]

thanks anyway :)

Anyone else know anything??

[sunset_corniche]

Important Topics

Section A

Comparison of any modern costing technique with traditional technique

Section B

1. Linear Programming

Section C

Types of Budget (ZBB, ABC, Beyond Budgeting)
Problems in Budgeting
Behaviour Aspects

Section D

Planning and operational Variances
Mix and yield variance
Operating statements
Commentary on variance analysis
Learning Curve:
 Concept
 Practical Applications
 Relevance
 Consideration
 Limitations

Section E

1.TQM
Balanced Scorecard 4 perspectives are very important
Non-Financial Performance Indicators

2.Transfer Pricing

3.Behaviour Aspects
Value for money



Tips


Section A

Throughput Accounting
Lookout for these in a numerical question
 Sale Price
 Material cost
 Other cost (Conversion cost)
 Binding constraint (a hint about what is the constraint is usually given in the question)

Section B

Linear Programming
 Don’t forget non-negativity constraints
 Highlight feasible region(shade it)
 One limiting factor  Contribution per limiting factor is used
More than one limiting factor  Linear Programming is used
 Move iso-contribution line outwards for profit maximization
Move iso-contribution line inwards for cost minimization

Relevant Costs
 Give reasons for relevant and irrelevant costs

Section C

Learning Curve
Lookout for these in a numerical question
 Cost of first batch/unit, i.e. ‘a’
 Learning rate and the value of ‘b’ in the formula y = axb
 No. of units produced, i.e. ‘x’
Learning Curve affects labour and variable overhead, if it is based on labour hours.

Only theory of Simulation Model is to be studied.

Section E

Non-Financial performance indicators and Not for profit organizations are different topics. Don’t mix it !!

Buiding Block Model is used for service organizations.


Note: Try to do the whole revision kit. Practice lots of questions.



Don't just focus on the topics I have given above. Practise a lot and don't skip any topic. From my experience, the topics which we thought to be irrelevant also came for the exam.

Analyse the Dec 2007 paper and go through its answers to see how to approach the questions. Try to do the paper on your own first and then compare your answers. This will make you realise where you have gone wrong.

Hope this helps.

[shan]

thankyou sunset corniche, but where did you get that info from?? Is there a link?

Shan.

[sunset_corniche]

thankyou sunset corniche, but where did you get that info from?? Is there a link?

Shan.

no there is no link as this is what my tutor had told us so I had saved it as a document.

[Vitz]

Hello Sunest,

Thanks a lot for sharing the info with us. You've a big heart :)
God bless you :)

[sunset_corniche]

It's not a problem. Thank you. We all will be there to help each other. May The Almighty bless all of us. All the Best!!

[Pixiefeet]

This is some good info