PEV PCR JUNE 2006

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can someone help?

If we get tested on either of the following, what are we required to know?

Time series analysis
Index Numbers
Regretion analysis
Sampling
Activity Based Costing
Total Quality Control - my tutor says we only need to know the definition if TQM

Thx

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006

    Hi Eleanor

    Going by past papers these have all come up in one form or another as memo's or activities to complete so you should need to know how to do the first 3. Sampling and ABC are the ones that I have seen as explanation questions.

    Any chance you could tell me what total quality control is as I have not come across this one.

    Best wishes
    Eva
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006

    hi
    u r rite we only need to know the definitions of these concepts as our tutors said the same
    if you do all the past papers you can go through all these concepts it is in one of the past papers i just cant remember which one
    here s the definition anyway
    tqm is a concept that means that continuous improvement is sought in every part of organisation, attempting to get everything right first time and eliminate mistakes and defects
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006

    Hi

    Many thanks - that is really useful
    Eva
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006

    what theory questions will u expecting in PCR exams
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006



    I sat these two exams last year. ABC was not just an 'explanation' question, we had to calculate the cost per unit (it was mostly completed already, though). ABC is still 'flavour of the month' because when you go on to higher exams (e.g., ACCA/CIMA/ACA etc) you'll find that Just in Time is the Big Favourite Theory after Standard Costing so I would advise you are at least au fait in ABC calculations, as it is the basis of contemporary 'trendy' Throughput Accounting and Backflush Costing (don't ask!)


    As for TQM, it'll likely only be a 'sub-section' question, but you would probably be wise to be able to explain internal, external, appraisal and prevention costs, as well as the definition. TQM came up in my recent professional level chartered management accounting exam and appears to be considered mandatory fundamental knowledge.

    Just my 2p worth (VAT inclusive, at fair value market consideration, depreciated by a reducing balance over its useful economic life and indexed to inflation).
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:PEV PCR JUNE 2006

    Pooh
    I'm interested to read your link between ABC and Throughput Accounting.

    Have you found conflicts between an approach which is charging overheads into products with another approach that is looking at the difference between material cost and revenues and treating overheads as fixed?

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