TARC ACCA 2005

Ms. Karen's suggested area of focus for pmt

1. MA framework

• Changes in MA
  ==>contingency theory
  ==>institutional theory
  -> T1 Q6 &Q7 :contingency theory & institutional theory
  -> CD 17 5ed/6ed Extra Q+A


• Trends & developments in MAT & methods
  -> T2 Q2 JIT
  -> T2 Q4 Abc cost hierarchy
  -> Theory of constraint
  

2. Design of MAS

• T4 Q2: Relevance & neutrality of MAI
• T4 Q1/pilot paper Q1
• SG 7: System design and system objectives
• SG 9: External sources of information (benchmarking needs)

3. Performance Measurement (3Es)

• T3 Q4: TQM program for the MA function
• T5 Q1: Performance pyramid
• SG 12: Financial performance
• SG 13: Non-Financial performance indicators
• profitability ==> efficiency ==> productivity
• T6 Q2 : Inter-university PE
• T6 Q4 & Q10 : Fitzgerald's
• Corporate performance, Divisional performance, Divisional management's performance
• Do all the tutorial questions**

4. Planning and Control

• SMA: CD23(6ed) + Competitor accounting hand out (SG9)
  
==> SWOT analysis
----->external
>>>>>>>>>>barriers to entry
>>>>>>>>>>PEST
----->internal
>>>>>>>>>>position audit:6Ms
refer to Sean Purcells's article
+ Q&A PQR plc
==>SMA:multinational organisation
-----> refer to Q+A a german company
-----> balanced scorecard

• Budgeting techniques (SG20)
  ==> learning curves
  ==> sales and costs forecasting
  ==> price and demand model
  ==> inflation
• behavioural aspects
  ==> Hopwood's 3 style
  ==> SG 21

5. Decision making

• Short run decision ->outsourcing involving scare resources + transfer pricing
• Pricing decision
  --> refer to product costing + pricing strategy article by george brown to get an overview
  --> different pricing policies
  --> how to compete
  --> where to compete (ansoff)
  --> Short run vs Long run pricing
• Relevant costs and benefits
  --> opportunity cost
  --> avoidable cost
  --> future cash flows
  --> increamental cost
• risk and uncertainty
  -->'what if' analysis
  --> probabilistic analysis
• CVP : point of indifference
• Long run decision making
  --> T12 Q6
  --> T13 Q2 / Q4

those who are taking pmt you can collect the notes given by ms karen today (3/11) from me in library tomorrow (4/11) from 9.00 - 5.00 pm
or next week 8/11-10/11, 18/11 22/11-26/11.any of these date la.
and please note that there would not be any other revision class from ms karen

posted by Unknown @ 6:10 PM