TARC ACCA 2005

Tips for paper3.3

Tips from BPP
ACCA Paper 3.3 Performance Management

Dec 2004 Exam Tips
Question 1 is likely to be a scenario-based question on profit calculations with some statement required. There may be an emphasis on pricing or sensitivity analysis, requiring you to show analytical skills. It may be time for ratio analysis to appear, as it hasn’t for a few sittings. The question may develop into a discussion of other relevant issues to consider, for example: further information you would like, NFPI’s or management action to be taken in the future. Practice questions 35 Cognet plc, 41 Scotia Health Consultants and 65 Scos Ltd from the 2004 Practice and Revision Kit.

Question 2 could follow the format of June 2004 and develop the scenario given for question 1. A likely focus of this question is performance measurement using specific models (e.g. Fitzgerald and Moon). It will always require the candidate to focus on non-financial indicators and may bring in non-profit making organisations. Practice questions 42, 34 and 38 from the 2004 Practice and Revision Kit.

Section B question are likely to comprise
Activity Based Management -new area to the syllabus since June 2004 (practice
question 7 from the 2004 Practice and Revision Kit).

Strategic Management Accounting- examined in the last two exams (practice question 2 from the 2004 Practice and Revision Kit).

Environmental Management Accounting is a new area and there was an article written in January 2004 by the examiner.

Long term decision making perhaps using NPV’s and/or risk and uncertainty

Management Information Systems (examined in nearly all exams thus far so practice
questions 17 & 20 from the 2004 Practice and Revision Kit).

Please note the examiners deliberately try to avoid question spotting. Just because a question featured last time, doesn’t mean it won’t feature this time. Use the tips as areas to have a good look at, but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

tips from LCA
Paper 3.3
1. Environmental accounting
2. Relevant costs
3. Performance measures
4. Activity based techniques
5. Backflush accounting
6. Risk in decision making
7. Strategic management accounting
8. Pricing

tips from FTC
Paper 3.3
1. decision making
2. pricing policy/transfer pricing
3. performance evaluation - financial/ non financial and business/non business
4. environmental management accounting - examiner article jan 04
5. JIT and backflush accounting - examiner article april 04
6. management control - contingency theory and institutional theory - examiner article sept 04

changed management

posted by Unknown @ 2:27 PM