7/31/2019 F2 Examinar conference

1/28

7/31/2019 F2 Examinar conference

2/28

7/31/2019 F2 Examinar conference

3/28

7/31/2019 F2 Examinar conference

4/28

REVIEW OF

PAST EXAMS

7/31/2019 F2 Examinar conference

5/28

WHAT WASNT

DONE WELL?

7/31/2019 F2 Examinar conference

6/28

Lack of knowledge

Careless reading

Lack of understanding

Narrative questions generally

Failure to practise questions

F2 problems

7/31/2019 F2 Examinar conference

7/28

LESSONS

LEARNED

7/31/2019 F2 Examinar conference

8/28

WHAT TOFOCUS ON?

7/31/2019 F2 Examinar conference

9/28

Cover the full syllabus

Understanding

MCQ technique

Objective testing question practise

LIST OF POINTS

7/31/2019 F2 Examinar conference

10/28

FOCUS ON

FUTURE

EXAMS

7/31/2019 F2 Examinar conference

11/28

WHATS NEW?

7/31/2019 F2 Examinar conference

12/28

50 x 2 mark objective testing questions

CBE will continue to use a mixture of MCQ, NE, MR, MRMquestions

Paper based exam will continue to use MCQ only

The exam structure

7/31/2019 F2 Examinar conference

13/28

WHATS NEW?

7/31/2019 F2 Examinar conference

14/28

Short term decision making

Dealing with uncertainty

Apply methods of relating non production costs to cost units

What has gone ?

7/31/2019 F2 Examinar conference

15/28

Performance measurement

Expanded budgeting section

Management information

Alternative costing principles

Whats new ?

7/31/2019 F2 Examinar conference

16/28

E1 Overview

E2 Application

E3 Cost reduction and value enhancement

E4 Monitoring and reporting

Performance Measurement

7/31/2019 F2 Examinar conference

17/28

A division has a capital employed of $2,000,000 and earns anoperating profi t of $600,000. It is considering a project thatwill increase operating profit by $20,000 but would increase its

capital employed by $80,000. A rate of 15% is used tocompute interest on capital employed.

What will be the effect on residual income and return oncapital employed if the division accepts the project?

Residual income Return oninvestment

A Increase Increase

B Increase Decrease

C Decrease Increase

D Decrease Decrease

Typical MCQ

7/31/2019 F2 Examinar conference

18/28

D2 Statistical techniques

D5 Capital budgeting

D7 Behavioural aspects of budgeting

Budgeting

7/31/2019 F2 Examinar conference

19/28

Two years ago the price index appropriate to the cost ofmaterial X had a value of 120. It now has a value of 160.

If material X costs $2,000 per kg today, what would itscost per kg have been two years ago?

A $1,500

B $1,667

C $2,667

D $3,200

Typical MCQ

7/31/2019 F2 Examinar conference

20/28

The following statements relate to the participation of juniormanagement in the budget setting process:

(i) It speeds up the budget setting process.

(ii) It increases their commitment to budgets

(iii) It incorporates their knowledge into budgets.

(iv) It improves their morale and motivation.

Which of the statements are true?

A (i), (ii) and (iii)

B (i), (ii) and (iv)

C (ii), (iii) and (iv)

D (ii) and (iii) only

Typical MCQ

7/31/2019 F2 Examinar conference

21/28

Sources of data

Presenting information

Management information

7/31/2019 F2 Examinar conference

22/28

A publishing company is researching the reading habits of the

United Kingdoms population. It randomly selects a number oflocations from around the United Kingdom and theninterviews everyone who lives in these locations.

What is this approach to sampling known as?

A Systematic sampling

B Stratified sampling

C Quota sampling

D Cluster sampling

Typical MCQ

7/31/2019 F2 Examinar conference

23/28

Activity based costing

Target costing

Life cycle costing

TQM

Alternative costing principles

7/31/2019 F2 Examinar conference

24/28

Which of the following are benefits of using activitybased costing?

(1) It recognises that overhead costs are not always driven bythe volume of production.

(2) It does not result in under or over absorption of fixedoverheads.

(3) It avoids all arbitrary cost apportionments.

(4) It is particularly useful in single product businesses.

A 1 only

B 1 and 2 only

C 2 and 3 only

D 1 and 4 only

Typical MCQ

7/31/2019 F2 Examinar conference

25/28

WILL THINGS

CHANGE?

7/31/2019 F2 Examinar conference

26/28

Section A: 35 x2 mark questions

Section B: 3 x 10 mark longer form questions

Section B testing syllabus areas C D & E

Future changes to exam format

7/31/2019 F2 Examinar conference

27/28

7/31/2019 F2 Examinar conference

28/28