Section A
20 multiple choice questions each worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. This means that you will need breadth of syllabus knowledge. There will be 5 questions on each syllabus area.
Section B
Q1-3: Three 10 mark questions. These will test any of the four syllabus areas and could combine syllabus in one question. The questions will be broken down into sub requirements and are likely to be based on a short scenario.
Q4 & Q5: Two 15 mark questions which will most likely be broken down into sub requirements and be scenario based. These questions will only cover syllabus areas B, C and D. Areas expected to be tested in Q4 and % included performance management and further variances.
Important areas to cover for the June exam include (but not limited to):
A: ABC, throughput accounting, target costing & lifecycle costing.
B: Techniques to assit decision making, including: linear programming, CVP analysis, relevant costing, pricing and incorporating risk and uncertainty.
C: Approaches to the types of budgeting systems, variance analysis (both mix and yield and planning and operational variances) and forecasting techniques, especially learning curves.
D: Appraisal of performance of an entire company or a division, via financial performance measures including traditional ratio analysis, ROI and RI or transfer pricing often contrasted with non-financial performance measures including the Balanced Scorecard.
