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Foundation level · Management Accounting

Management Accounting · 2018

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

8 questions6 objective2 theory8 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, Pathfinder, 2018

May 2018 diet

4 objective and 1 theory
4 objective1 theory
No.SectionMarksCovers
Q1Asks for process accounts with normal loss percentages for two processes, then the abnormal loss and abnormal gain ac...

Objective questions Section A

8
Objective question 8Section A

  • From the previous syllabus. Asks under which costing method the term equivalent units features: process costing.

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: equivalent units and work-in-progress › Equivalent units
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2018, Question 8
10
Objective question 10Section A

  • From the previous syllabus. Asks for the difference between a budget and a forecast: a budget is a plan of where a business wants to go, while a forecast is a prediction.

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

Forecasting: types, process and methods › Forecasting and budgeting
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2018, Question 10

Theory questions Written questions

1
Theory question 1Written paper

  • Asks for process accounts with normal loss percentages for two processes, then the abnormal loss and abnormal gain accounts.

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 loss
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2018, Question 1

November 2018 diet

2 objective and 1 theory
2 objective1 theory
No.SectionMarksCovers
Q1Stores ledger under FIFO and weighted average, followed by gross profit under the weighted average method.

Objective questions Section A

11
Objective question 11Section A

  • From the previous syllabus. Asks which item is not a composite cost unit used in service costing.

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

Service costing › Composite cost units
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2018, Question 11
16
Objective question 16Section A

  • From the previous syllabus. Asks you to name the three levels of information use: strategic, tactical and operational.

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

Data, information and the qualities of good information › Strategic, tactical and operational planning
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2018, Question 16

Theory questions Written questions

1
Theory question 1Written paper

  • Stores ledger 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 › Comparing the methods
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, November 2018, Question 1
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, 2018. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May or November 2018. Each question carries its own reference and a button to copy it.