From the previous syllabus. Asks which item is classified as a production cost.
Management Accounting · May 2024
Every objective and theory question in this paper, and the topic notes to revise each one.
May 2024 diet
1 objective and 4 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | Part (a), 10 marks, asks how a time series can be analysed. It covers the trend line, moving averages and seasonal va... | ||
| Q3 | 20 | From the previous syllabus. Asks for the price of store issues and the value of closing stock under FIFO and LIFO fro... | |
| Q4 | 20 | From the previous syllabus. Asks about system security and control, quality of information systems and ethical issues... | |
| Q6 | 20 | From the previous syllabus. Asks about storage controls, IT department roles and system maintenance. Only loosely rel... |
Objective questions Section A
Theory questions Written questions
Part (a), 10 marks, asks how a time series can be analysed. It covers the trend line, moving averages and seasonal variation. Part (b) asks about the two models used to estimate seasonal variation.
Part (b) asks about the two models used to estimate seasonal variation. The solution covers the additive model (differences from the moving average, grouped, averaged and adjusted) and the proportional model.
Asks you to explain the two models used to estimate seasonal variation, the additive and the proportional model.
Revise this question
Time series analysis and moving averages › Analysing a time seriesLines of best fit and seasonal variations › Seasonal variationTime series analysis and moving averages › The two modelsFrom the previous syllabus. Asks for the price of store issues and the value of closing stock under FIFO and LIFO from a list of purchases and issues.
Revise this question
Inventory valuation: FIFO, LIFO and average cost › Cost flow methods: the three assumptionsFrom the previous syllabus. Asks about system security and control, quality of information systems and ethical issues raised by information systems. Related to the limitations and role of information systems.
Revise this question
Management information systems › Limitations of management informationFrom the previous syllabus. Asks about storage controls, IT department roles and system maintenance. Only loosely related to this topic.