FAO Sandy Any tips for PCR ?

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Really finding PCR confusing. Sandy do you have any last minute tips on what to expect in the PCR exam. I am concerned about the variety of theory areas that could be covered in memos, letters or reports. Looking back at past papers I have noticed Sampling, forecasting, spreadsheets and explanations of budgets. Also do you think there might be anything on Contribution per unit and allocating material to 2-3 or more products in order ? Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    FAO Sandy Any tips for PCR ?

    Daniel<BR><BR>I am sticking pretty much to my run down of what I expected when you came to Croydon.<BR>I think you'll have a production budget (probably one over 4 or 5 periods) but possibly a two product one.<BR>I think this could be followed by a problem of either insufficient material for each period or a similar restriction because there are not enough skilled workers.<BR><i> I am not expecting the same sort of limiting factor question you had to deal with at intermediate e.g. ranking and then deciding to produce the maximum number of units based on demand - but I think this could appear in the paper under the syllabus as it stands</i><BR>I also think that it would be worth re-visiting forecasting, and suggest that you look at how this can change depending on how well-established the product in question is.<BR>Sampling is entitled to be tested and perhaps could appear.<BR><BR>In section 2 I think you will be required to re-draw an actual set of results and to compare this with a flexed budget. I think you should be looking to do this in a variable costing format if the querstion gives the details you need AND be ready to identify those costs outside the control the department manager, and treat these separately. <BR>This may then lead into a discussion of the motiovational effects of budgets on departmental managers and the problems and benefits of participative budget preparation. My own class have also looked at Zero Based Budgeting, but I think the chances of this being tested are fairly low.<BR><BR>Sandy<BR><BR><BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    FAO Sandy Any tips for PCR ?

    Sandy when you mention in Section 2 you should "identify those costs outside the control the department manager, and treat these separately". Would this require you to remove them from the comparison of actual V flexed (varriable) or are you refering to a possible memo type question in relation to the variances you find ? Also would this be a marginal costing type of flexible budgert I am slightly confused. Also you mentioned in section 1 that the Contribution Per Unit question maybe different to Intermediate level type but the example that Osborne use in there book is very similar. Thanks !<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    FAO Sandy Any tips for PCR ?

    I think the Osborne books are the best text books around for AAT<BR><BR>They are ready for a question I don't expect this time<BR><BR>Under a responsibility accounting statement (and assuming you have the variable actual costs) I recommend that you compare<BR><BR>Flexed budget to Actual<BR><BR>Variable costs<BR><BR>Fixed costs<BR><BR>Non-controllable costs<BR><BR>

Categories

Privacy Policy