Fundamentals of Management Accounting

Class slides – Exam Focus

� ‘’The dictionary is the only place that success comes before work’’

� ‘’Work is the key to success, hard work can help you accomplish anything’’

� 50 questions

� 2 Hours

� Some multiple Choice Questions

� Some objective/Theory style Questions

� 50 questions – 120 Minutes! –

� 2 1/2 minutes per Question

� IF after ONE minute you do not know what to do or have NOT started your answer – MOVE ON!

� Make sure you attempt every question

� IF you don’t know an answer, take a guess, at worst it will be wrong!, so too is a Blank Space!

� Check your answers BEFORE you sign out of assessment

� Look for DISTRACTORS!, answers to confuse or throw you off what you should be doing!

� 4 Types of questions:

1. MCQ’s

2. True or False

3. Data Entry – fill in numbers or words in a Blank space

4. Multiple Response – a range of options to choose from

� Formula for exam:

� IRR is given:

� Present value & Annuity tables are required to be used.

� Watch for:

� $ or £’s

� Sales tax is the same as VAT

� Receivables = Debtors

� Payables = Creditors

� Inventory = Stock

� Lsbf Notes & Lsbf Teaching Questions

� Slides

� Weekly Quiz

� Test Questions on Slides

� BPP Study Text - Notes

� BPP Revision Kit – 142 questions in Question Bank

� Mock Assessment 1 & 2

� We will Revise from Mock 1

� BPP Study Text – Question Bank

� Tackle ALL 96 Questions