PCR Exam - FAO Sandy Hood

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:09AM in AAT student discussion
Sandy could you please put my mind at rest about what in covered in Unit 9 as I'm revising from the BPP unit 8 &9 book and it's difficult to seperate the 2 units. I am only sitting PCR this week but starting to panic now!<BR><BR>Do I need to remember how to calculate all the variances again? Or do I just need to be familiar with them??<BR><BR>I'm sure that I ned to knw the different methods of costing ie ABC, Abs, Marg - but in how much depth?<BR><BR>You mention in the revision forum how there are minor differences between the PAR and PCR syllabuses (syllabi) and June 2005 will be the first time PCR will be examined alone. Any ideas on what the possible differences may be and why past papers might not be sufficient revision material? <BR><BR>Finally will I need to be familiar with the formule/ equations for example ROCE etc??<BR><BR>Please either reply here or to my hotmail davinatopfloor@hotmail.com<BR>

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR Exam - FAO Sandy Hood

    Section 2<BR>I don't expect the detailed variance type question that appears in unit 8.<BR>But do look at the budgetary control variances that you find when you compare a flexed budget to actual.<BR>I'm also looking out for controllable and non-controllable (fixed) costs<BR>Be ready to produce a marginal costing statement with a different profit from an absorption costing statement in the question. (I do not expect the question to ask for absorption from marginal)<BR>Think about motivating managers and how budgets can be used in a positive way. Don't forget the weaknesses of participative budgeting.<BR><BR>Section 1<BR>It might be a multi-period production budget (I think it will) It might be two product production budget<BR>Then look out for a limit on labour time or on materials and having to adjust the production budget to cope with this scarcity<BR>Then what about ways to forecast, particularly for a product that has had rapid growth in its initial stage but may be entering a period of maturity when sales growth may be more steady. (Product life cycle)<BR><BR>Does that help?<BR><BR>Sandy<BR><BR><BR><BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR Exam - FAO Sandy Hood

    This does help very much Thank you. Do you not expect ABC then? Also I have come across something called 'contribution per unit of limiting factor', do you not expect anything on this either?<BR><BR>Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR Exam - FAO Sandy Hood

    I'm not expecting ABC<BR><BR>Contibution per limiting factor was tested a long time ago when another examiner wrote the paper. It may be tested from 2006, but I do not expect to see it this year. It is part of the current ECR standards at Intermediate.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PCR Exam - FAO Sandy Hood

    ok Thanks for all your help.

Categories

Privacy Policy