CIMA Official Exam Practice Kit Performance Management

CIMA Official Exam Practice Kit Performance Management

2010 Edition

5th Edition - June 1, 2009

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  • Editor: Julia Killick
  • eBook ISBN: 9780080961538

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Description

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 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

Table of Contents

  • 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

Product details

  • No. of pages: 228
  • Language: English
  • Copyright: © Butterworth-Heinemann 2009
  • Published: June 1, 2009
  • Imprint: Butterworth-Heinemann
  • eBook ISBN: 9780080961538

About the Editor

Julia Killick

About the Author

Jo Avis

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