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Foundation level · Management Accounting

Management Accounting · May 2024

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

5 questions1 objective4 theory7 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2024

May 2024 diet

1 objective and 4 theory
1 objective4 theory60 theory marks set
No.SectionMarksCovers
Q1Part (a), 10 marks, asks how a time series can be analysed. It covers the trend line, moving averages and seasonal va...
Q320From the previous syllabus. Asks for the price of store issues and the value of closing stock under FIFO and LIFO fro...
Q420From the previous syllabus. Asks about system security and control, quality of information systems and ethical issues...
Q620From the previous syllabus. Asks about storage controls, IT department roles and system maintenance. Only loosely rel...

Objective questions Section A

2
Objective question 2Section A
  • From the previous syllabus. Asks which item is classified as a production cost.

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 2024, Question 2

Theory questions Written questions

1
Theory question 1Written paper
  • 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.

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 2024, Question 1
3
Theory question 3Written paper
20 marks
  • From 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.

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 2024, Question 3
4
Theory question 4Written paper
20 marks
  • From 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.

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 2024, Question 4
6
Theory question 6Written paper
20 marks
  • From the previous syllabus. Asks about storage controls, IT department roles and system maintenance. Only loosely related to this topic.

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 2024, Question 6
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Management Accounting, May 2024. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Management Accounting, May 2024. Each question carries its own reference and a button to copy it.