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CIMA Official Exam Practice Kit Performance Management
2010 Edition
- 5th Edition - June 1, 2009
- Author: Jo Avis
- Editor: Julia Killick
- Language: English
- eBook ISBN:9 7 8 - 0 - 0 8 - 0 9 6 1 5 3 - 8
CIMA EXAM PRACTICE KITS ARE THE ONLY PRACTICE MATERIALS ENDORSED BY CIMA Fully updated for the new 2010 syllabus examinations, the CIMA Official Exam Practice Kit contains a bank… Read more
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Request a sales quoteCIMA EXAM PRACTICE KITS ARE THE ONLY PRACTICE MATERIALS ENDORSED BY CIMA Fully updated for the new 2010 syllabus examinations, the CIMA Official Exam Practice Kit contains a bank of questions to help you prepare for your examination. Supplementing the Official Learning System, this Exam Practice Kit focuses purely on applying what has been learned to pass the exam. It is ideal for independent study or tutored revision courses, helping you to prepare with confidence for exam day and pass the new syllabus first time. The CIMA Exam Practice Kit includes: • Exam standard multiple choice questions • detailed explanations or calculations for each answer, showing why the answer is correct • Type and weighting of questions which match the format of the exam • CBA style mock paper • Tailor-made design closely following the structure of the CIMA learning system and CIMA’s learning outcomes OFFICIALLY BY CIMA AND WRITTEN BY LEADING CIMA TUTORS, THE EXAM PRACTICE KITS PROVIDE A VALUABLE INSIGHT ON HOW TO SCORE TOP MARKS
Contents
Syllabus Guidance, Learning Objectives and Verbs ix
Learning Outcomes, Syllabus Content and Examintaion Format xii
Examination Techniques xviii
1. Revision of Basic Aspects, Classifications and Approaches to Cost Accounting
Cost Accounting 1
Classification of costs 3
The high-low method 3
Questions 3
Answers 6
2. Absorption Costing, Activity-based Costing and Marginal Costing 9
Absorption costing 11
Under- or over-absorption 11
Activity-based costing 11
Steps 11
Advantages 12
Disadvantages 12
Marginal costing 12
Questions 12
Answers 15
3. Breakeven Analysis 21
Questions 24
Answers 30
4. Relevant Cost and Short-term Decisions 43
Questions 46
Answers 53
5. Linear Programming 65
Questions 67
Answers 72
6. Pricing 83
Questions 86
Answers 91
7. The Value Chain – TQM 103
Questions 106
Answers 110
8. Activity-based Approaches 117
Direct product profitability (DPP) 119
Activity-based costing 119
Customer profitability anlysis 119
Activity-based management 120
Pareto analysis 120
Questions 120
Answers 123
9. Learning Curves 129
Questions 131
Answers 134
10. Costing Systems 141
Throughput accounting (TA) 143
Key measures 143
Backflush accounting 144
Purchases 144
Issue to production / movements between processes 144
Items completed 144
Items sold 144
Target costing 144
Life cycle costing 145
Questions 145
Answers 151
11. The Principles of Budgeting 165
Key requirements in the design of a budget plan 167
Fixed budgets 167
Sensitivity analysis 168
Rolling budgets 168
Questions 168
Answers 169
12. Budgetary Control 173
Systems approach 175
Flexed budgets 175
Budget centre 175
Behavioural issues 176
Beyond Budgeting (BB) 176
Questions 177
Answers 179
13. Budgeting and Performance Evaluation 183
Profitability 185
Return on capital employed (ROCE) / Return on Investment (ROI) 185
Asset turnover 185
Liquidity 186
Reporting performance indicators 186
Non-financial performance indicators 186
Benchmarking 186
Competitive benchmarking 187
Internal benchmarking 187
Functional benchmarking 187
Strategic benchmarking 187
Balanced scorecard 187
Questions 188
Answers 189
14. Responsibility Centres and Transfer pricing 193
Return on investment (ROI) 195
Residual income (RI) 196
Transfer pricing 186
Aims 196
Methods 196
Optimum transfer pricing 196
International transfer pricing 197
Questions 197
Answers 200
Exam Q & As 205
- No. of pages: 228
- Language: English
- Edition: 5
- Published: June 1, 2009
- Imprint: Butterworth-Heinemann
- eBook ISBN: 9780080961538