Management Accounting (MA) Tutorial Letter: May 2013 ... - imm
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Management Accounting (MA) Tutorial Letter: May 2013 examination session Dear Student Please make note of the following changes and key areas pertaining to the Management Accounting May Examination. You are reminded that the detail provided herein is merely a guideline for clarity and direction and you are encouraged to complete the entirety of the module content as outlined in the Learner Guide. Exam Structure The paper consists of five questions resulting in an exam total of 100 marks. All questions must be attempted. Question 1 consists of a multiple choice question worth 20 marks. Question 2 consists of ‘short questions’ worth 20 marks involving theory components across various study units. Question 3, 4 and 5 are ‘long questions’ worth 25, 20 and 15 marks respectively. They are primarily calculation driven with some theory components. Exam Content Question 1 has four questions/marks entailing calculations where the rest are based on theoretical principles. (You are reminded to take note of the use of a calculator in arriving at percentages, adding up elements etc.) Question 2 has a strong theoretical reliance based on the theory components of all study units. In the past many students have neglected the basic theory, principles and concepts identified in study unit 1.
IMM (GSM) ©
MA May 2013
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Throughout the long questions (questions 3, 4 & 5) you are reminded to set out your answers in the correct format clearly showing and referencing your workings and indicating each question number clearly. You are encouraged to follow the provided layouts where applicable. Calculation focus: o EOQ (short formula driven calculations), o Residual income (short calculations), o Payback period (short calculations), o CVP analysis (Break-even analysis, contribution, fixed costs etc.), o Relevant costing (Analysing decisions by calculating costs and profits using relevant costs), o Budgeting (Flexing the budget) etc. You are reminded to have fully grasped the following concepts amongst others in order to master the topics covered in the examination: o Activity based costing (theory), o Break-even analysis, o Cost classification (fixed vs. variable costs), o Relevant costing (for decision making), o Understanding limiting factors, o Basic theory of absorption and variable costing, o Budgeting (flexed budgets). General Time management per question must be monitored carefully. Aim to mark maximise by attempting those areas which will result in you achieving the most marks initially. You are reminded to show your workings and calculations where necessary and ensure that they can be easily referenced. Examiners will not ‘hunt’ for substantiating workings. Number all questions CLEARLY and indicate ‘End’ when you have completed all questions in the examination.
IMM (GSM) ©
MA May 2013
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There are some questions which provide suggested formats. These are to be used as a guide and time must not be wasted on formats unnecessarily. Use mark allocation as a guide as to how much information is required when formulating your responses. May we remind you that we are always available to assist with academic queries. Academic queries should be submitted in writing to: [email protected] We wish you a successful May 2013 examination session. Kind regards The IMM GSM Team
IMM (GSM) ©
MA May 2013
Management Accounting (MA) Tutorial Letter: May 2013 examination session Dear Student Please make note of the following changes and key areas pertaining to the Management Accounting May Examination. You are reminded that the detail provided herein is merely a guideline for clarity and direction and you are encouraged to complete the entirety of the module content as outlined in the Learner Guide. Exam Structure The paper consists of five questions resulting in an exam total of 100 marks. All questions must be attempted. Question 1 consists of a multiple choice question worth 20 marks. Question 2 consists of ‘short questions’ worth 20 marks involving theory components across various study units. Question 3, 4 and 5 are ‘long questions’ worth 25, 20 and 15 marks respectively. They are primarily calculation driven with some theory components. Exam Content Question 1 has four questions/marks entailing calculations where the rest are based on theoretical principles. (You are reminded to take note of the use of a calculator in arriving at percentages, adding up elements etc.) Question 2 has a strong theoretical reliance based on the theory components of all study units. In the past many students have neglected the basic theory, principles and concepts identified in study unit 1.
IMM (GSM) ©
MA May 2013
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Throughout the long questions (questions 3, 4 & 5) you are reminded to set out your answers in the correct format clearly showing and referencing your workings and indicating each question number clearly. You are encouraged to follow the provided layouts where applicable. Calculation focus: o EOQ (short formula driven calculations), o Residual income (short calculations), o Payback period (short calculations), o CVP analysis (Break-even analysis, contribution, fixed costs etc.), o Relevant costing (Analysing decisions by calculating costs and profits using relevant costs), o Budgeting (Flexing the budget) etc. You are reminded to have fully grasped the following concepts amongst others in order to master the topics covered in the examination: o Activity based costing (theory), o Break-even analysis, o Cost classification (fixed vs. variable costs), o Relevant costing (for decision making), o Understanding limiting factors, o Basic theory of absorption and variable costing, o Budgeting (flexed budgets). General Time management per question must be monitored carefully. Aim to mark maximise by attempting those areas which will result in you achieving the most marks initially. You are reminded to show your workings and calculations where necessary and ensure that they can be easily referenced. Examiners will not ‘hunt’ for substantiating workings. Number all questions CLEARLY and indicate ‘End’ when you have completed all questions in the examination.
IMM (GSM) ©
MA May 2013
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There are some questions which provide suggested formats. These are to be used as a guide and time must not be wasted on formats unnecessarily. Use mark allocation as a guide as to how much information is required when formulating your responses. May we remind you that we are always available to assist with academic queries. Academic queries should be submitted in writing to: [email protected] We wish you a successful May 2013 examination session. Kind regards The IMM GSM Team
IMM (GSM) ©
MA May 2013
