Sign inSign upSign in
Menu
ICAN Notes

Mock examsComing soon

Resources

Acts & Laws

Nigeria Tax Act guides

Tools

Tax ID guides

Blog

Guides

About usContact usSearchSign in or sign up
Foundation level · Management Accounting

Management Accounting · 2015

Every objective and theory question in this paper, and the topic notes to revise each one.

6 questions4 objective2 theory6 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, Pathfinder, 2015

May 2015 diet

3 objective and 1 theory
3 objective1 theory
No.SectionMarksCovers
Q2Process costs question. Asks for the process accounts, the normal loss account, the abnormal loss account and the abn...

Objective questions Section A

•
Objective questionSection A

  • Section A (multiple choice): From the previous syllabus. An item lists batch, job and service costing as options and tests which method fits a described situation.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Job costing and batch costing › Specific order costing
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2015
5
Objective question 5Section A

  • From the previous syllabus. Asks which document the purchasing department needs in order to place an order for replenishment of stock.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Inventory procedures, documents and records › The procurement cycle and its documents
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2015, Question 5
9
Objective question 9Section A

  • From the previous syllabus. Asks which factor may NOT lead to labour turnover.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Labour turnover and payroll accounting › Labour turnover
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2015, Question 9

Theory questions Written questions

2
Theory question 2Written paper

  • Process costs question. Asks for the process accounts, the normal loss account, the abnormal loss account and the abnormal gain account.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Process costing: normal loss, abnormal loss and abnormal gain › Abnormal gain
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2015, Question 2

November 2015 diet

1 objective and 1 theory
1 objective1 theory
No.SectionMarksCovers
Q3Pricing issues under FIFO (10 marks) and weighted average (10 marks).

Objective questions Section A

7
Objective question 7Section A

  • From the previous syllabus. Asks you to use the high-low method to find fixed and variable cost from given figures.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Cost segregation and the high-low method › The high-low method
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2015, Question 7

Theory questions Written questions

3
Theory question 3Written paper

  • Pricing issues under FIFO (10 marks) and weighted average (10 marks).

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Inventory valuation: FIFO, LIFO and average cost › Merits and demerits
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2015, Question 3
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, 2015. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May or November 2015. Each question carries its own reference and a button to copy it.