SECTION A – 3 compulsory questions. Question 1: Management Accounting
Systems. Use of absorption costing and activity based costing principles. (60%).
Professional, Practical, Proven
Management Accounting Examiner: Kathleen Regan
Content
Statistics Summer 2013 paper Autumn 2013 Paper Syllabus General Points
Statistics Management Accounting Statistics % Pass Rate May August Overall* 2013
68%
65%
79%
2012 2011
69%
48%
76%
67%
28%
71%
* Overall refers to the total percentage of students that passed the exam in the Academic Year (May and August combined)
Summer 2013 Examinations SECTION A – 3 compulsory questions Question 1: Management Accounting Systems Use of absorption costing and activity based costing principles. (60%) Question 2: Marginal Costing and Decision Making Cost-volume-profit and break-even analysis. (43%) Question 3: Standard Costing, Budgetary planning and control Calculation and explanation of variances. (56%)
Summer 2013 Examinations SECTION B – 2 out of 3 questions Question 4: Standard Costing, Budgetary planning and control Classification of costs and flexible budgeting. (45%) Question 5: Marginal Costing and Decision Making Prepare cost estimates using limiting factors.(46%) Question 6: Standard Costing, Budgetary planning and control Theory question on budgetary planning and control. (60%)
Autumn 2013 Examinations SECTION A – 3 compulsory questions Question 1: Management Accounting systems Marginal costing and Decision Making Use of absorption and marginal costing techniques. Question 2: Marginal Costing and Decision Making Cost-volume-profit and break-even analysis. Question 3: Standard Costing, Budgetary planning and control Calculation and explanation of variances.
Autumn 2013 Examinations SECTION B – 2 out of 3 questions Question 4: Selection of syllabus areas Theory question requiring explanation of costing terms. Question 5: Management Accounting systems Inventory control ratios. Question 6: Standard Costing, Budgetary planning and control Preparation of a cash budget.
Key Syllabus Areas 1. Nature and purpose of management accounting (10%) 2. Management accounting systems (30%) 3. Standard costing, budgetary planning & control (30%) 4. Marginal costing & Decision making (30%)
Key Learning Outcome ‘…provide learners with knowledge and technical competency in management accounting to support business functions, activities and decision making’
General Points – Examiner’s Report • Examiner’s Reports highlight problem areas. • Balance emphasis across syllabus areas – across both papers. • Read the requirement and answer accordingly.
General Points – Examiner’s Report • Reference material - Accounting Technicians Ireland Course Textbook 2013/14. - past exam papers. - sample papers.