Exam Tips June 2014, F5

The examiner repeatedly advises students not to question spot. So make sure you
study the entire syllabus. There will be a question from every section of the syllabus:

1. Modern Management Accounting: make sure you study ABC and EMA, in
addition to the modern M/A tools in the syllabus

2. Decision Making: Make sure you can do Limiting factor and linear programming
type questions, and draw a break even chart, in addition to the various short-
term decision making techniques in your syllabus.

3. Variance Analysis: Make sure you can calculate Mix and Y ield variances.

4. Performance Management: Make sure you can discuss the Balanced Scorecard
and Building Block models, and compare the financial vs. non-financial
performance of a company.

5. Budgeting: Make sure you are ready to handle a full essay question from any of
the budgeting topics