Section A (multiple choice): From the previous syllabus. An item mentions co-ordination of business forecasts among the functions of budgeting, linking forecasting to budgets.
Foundation level · Management Accounting
Management Accounting · 2016
Every objective and theory question in this paper, and the topic notes to revise each one.
6 questions3 objective3 theory6 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, Pathfinder, 2016
May 2016 diet
2 objective and 1 theory2 objective1 theory
| No. | Section | Marks | Covers |
|---|---|---|---|
| Q2 | A sales forecast and budget question from the previous syllabus, linking forecasts to the sales budget and the budget... |
Objective questions Section A
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Objective questionSection A
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2016
3
Objective question 3Section A
From the previous syllabus. Asks which item is similar to accounting for the scrap value of abnormal gain: the scrap value of abnormal loss.
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 gainSource: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2016, Question 3
Theory questions Written questions
2
Theory question 2Written paper
A sales forecast and budget question from the previous syllabus, linking forecasts to the sales budget and the budget process.
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
The budgeting system, principal budget factor and budget process › Stages in the budget processSource: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2016, Question 2
November 2016 diet
1 objective and 2 theory1 objective2 theory
| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | Stores ledger cards under FIFO and weighted average, followed by gross profit under the weighted average method. | ||
| Q2 | Asks for a job cost sheet from given transactions (part a) and five items of information on a typical job cost sheet ... |
Objective questions Section A
10
Objective question 10Section A
From the previous syllabus. Asks for the name of the point at which joint products are separated: the split-off point.
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
Joint products and by-products › Joint productsSource: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 10
Theory questions Written questions
1
Theory question 1Written paper
Stores ledger cards under FIFO and weighted average, followed by gross profit under the weighted average method.
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 › Worked example: a full questionSource: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 1
2
Theory question 2Written paper
Asks for a job cost sheet from given transactions (part a) and five items of information on a typical job cost sheet (part d, 5 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
Job costing and batch costing › Job costingSource: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2016, Question 2
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, 2016. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May or November 2016. Each question carries its own reference and a button to copy it.