Management Accounting (MA) Tutorial Letter: October 2013 ... - imm
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Management Accounting (MA) Tutorial Letter: October 2013 examination session Dear Student Please make note of the following changes and key areas pertaining to the Management Accounting October 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 six questions resulting in an exam total of 100 marks. All questions must be attempted. Question 1 consists of a multiple choice question worth 15 marks. Question 2 consists of ‘short questions’ worth 20 marks involving theory components across various study units (for 8 marks) and the remainder being calculations. Question 3, 4 and 5 are ‘long questions’ worth 25, 20 and 15 marks respectively. They are primarily calculation driven with some theory components (see content below). Exam Content Question 1 has two 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.)
© IMM Graduate School of Marketing October 2013 examination session
MA
Page 2 of 3 Calculation focus: o Short calculations (EOQ, contribution margin %, absorption rates, profit and contribution calculations), o Net present value (with given cash flows and discount factors.), o CVP analysis (Break-even units/rands, contribution, fixed costs, margin of safety etc. with changing variables.), o Budgeting (Flexing the budget) etc. o Marginal costing calculations for decision making. Contribution vs. profit calculations. You are reminded to have fully grasped the following concepts amongst others in order to master the topics covered in the examination: o Break-even / CVP analysis (including changing variables), o Cost classification (fixed vs. variable costs etc.), o Relevant costing (for decision making), o Absorption/traditional costing o Budgeting (flexed budgets with variances). 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. 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. Number all questions CLEARLY and indicate ‘End’ when you have completed all questions in the examination. 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. © IMM Graduate School of Marketing October 2013 examination session
MA
Page 3 of 3 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 October 2013 examination session. Kind regards The IMM GSM Team
© IMM Graduate School of Marketing October 2013 examination session
MA
Management Accounting (MA) Tutorial Letter: October 2013 examination session Dear Student Please make note of the following changes and key areas pertaining to the Management Accounting October 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 six questions resulting in an exam total of 100 marks. All questions must be attempted. Question 1 consists of a multiple choice question worth 15 marks. Question 2 consists of ‘short questions’ worth 20 marks involving theory components across various study units (for 8 marks) and the remainder being calculations. Question 3, 4 and 5 are ‘long questions’ worth 25, 20 and 15 marks respectively. They are primarily calculation driven with some theory components (see content below). Exam Content Question 1 has two 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.)
© IMM Graduate School of Marketing October 2013 examination session
MA
Page 2 of 3 Calculation focus: o Short calculations (EOQ, contribution margin %, absorption rates, profit and contribution calculations), o Net present value (with given cash flows and discount factors.), o CVP analysis (Break-even units/rands, contribution, fixed costs, margin of safety etc. with changing variables.), o Budgeting (Flexing the budget) etc. o Marginal costing calculations for decision making. Contribution vs. profit calculations. You are reminded to have fully grasped the following concepts amongst others in order to master the topics covered in the examination: o Break-even / CVP analysis (including changing variables), o Cost classification (fixed vs. variable costs etc.), o Relevant costing (for decision making), o Absorption/traditional costing o Budgeting (flexed budgets with variances). 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. 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. Number all questions CLEARLY and indicate ‘End’ when you have completed all questions in the examination. 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. © IMM Graduate School of Marketing October 2013 examination session
MA
Page 3 of 3 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 October 2013 examination session. Kind regards The IMM GSM Team
© IMM Graduate School of Marketing October 2013 examination session
MA
