Premium Essay

Acca F2 Notes

In: Business and Management

Submitted By andreawuuu
Words 34562
Pages 139
Se

OpenTuition.com
Free resources for accountancy students

ACCA

F2

FIA

FMA

pt em 20 be
15 r/D ex ec am em s be

Management
Accounting

Please spread the word about OpenTuition, so that all ACCA students can benefit.
ONLY with your support can the site exist and continue to provide free study materials!
Visit opentuition.com for the latest updates watch the free lectures that accompany these notes; attempt free tests online; get free tutor support, and much more.

OpenTuition Lecture Notes can be downloaded FREE from http://opentuition.com
Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites.

r

The best things in life are free

IMPORTANT!!! PLEASE READ CAREFULLY

To benefit from these notes you must watch the free lectures on the OpenTuition website in which we explain and expand on the topics covered
In addition question practice is vital!!
You must obtain a current edition of a Revision / Exam
Kit from one of the ACCA approved content providers they contain a great number of exam standard questions (and answers) to practice on.
You should also use the free “Online Multiple Choice
Tests” and the “Flashcards” which you can find on on the
OpenTuition website. http://opentuition.com/acca/ December 2015 Examinations 

Paper F2

ACCA F2 / FIA FMA

Free lectures are available on opentuition.com

CONTENTS
1

2
3
4
5
6
7
8
9

10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

Accounting for Management
Sources of Data
Presenting Information
Cost Classification
Inventory Control
Accounting for labour
Accounting for Overheads
The Management Accountant’s Profit Statement – Absorption Costing
The Management Accountant’s Profit Statement – Marginal Costing
Process Costing – Introduction
Process Costing – Losses
Process Costing – Work-in-Progress
Process Costing – Joint Products…...

Similar Documents

Free Essay

No Title

...tailored to meet different business needs and environments. And it will offer those starting out in their accountancy career flexible and tailored routes to accounting-support roles, leading to high-performing and rewarding career options for those who progress to the ACCA Qualification.” Aude Leonetti Acting executive director – learning 3 INTRODUCTION ACCA’s entry-level suite of awards – Foundations in Accountancy – is being introduced after detailed consultation which commenced in 2008 with ACCA stakeholders, including employers, learning providers, members, students, other professional accountancy bodies and regulators. Foundations in Accountancy will provide even greater access to the ACCA Qualification and aims to satisfy the needs of employers by allowing individuals to choose from a flexible range of qualifications which will help them develop the relevant technical knowledge and practical skills required to perform in accounting technician roles. As a professional accountancy body which champions innovation, ACCA’s Foundations in Accountancy will utilise the latest technologies in the delivery of this suite of awards. The following principles have been adhered to when developing Foundations in Accountancy and ACCA will continue to follow these principles during the implementation phase. Foundations in Accountancy: • is a flexible suite of qualifications, which meet the needs of both students and employers • provides opportunity for students of ability and......

Words: 3107 - Pages: 13

Free Essay

Acca File

...Office check Student’s signature Enrolment Form | ACCA Part-time Courses 2011/12 Please make sure that you complete all sections of this application form clearly in black or blue ink and block capitals and return by Post/ Fax/ Email to: LSBF, Admissions, 9 Holborn, London, EC1N 2LL, United Kingdom Tel: +44 (0) 207 823 2303, Fax: +44 (0) 207 8232302, Email: admissions@lsbf.org.uk Please note that an English translation should accompany all non-English documents. For further up-to-date information about the application process please refer to www.lsbf.org.uk/students/apply.html Student Details Title: * Mr  Ms  Mrs  Miss  Other  (please specify)...................................................................................................................... Surname: *....................................................................................................... First Name:*....................................................................... Home address:*............................................................................................................……........................................................................ City:* …………………...........................................Country: *.................................................................... Postcode: ................................ Correspondence Address:* (if different from home address)….............................................................................................

Words: 2778 - Pages: 12

Free Essay

Accounting

...on which programme has been selected, and the selected programme title is displayed in the title bar of the table. 3 You can view exemption information for the ACCA Qualification, Certified Accounting Technician and Foundations in Accountancy for each assessment by clicking on the links for either of these qualifications next to the appropriate assessment. You will then be taken directly to the relevant exemption information. 1 2 3 2 steP 4 – Viewing the exemPtions awarded for assessed Programmes The exemptions awarded for the accredited programme and the assessment dates selected are then displayed. From the example shown in the above screen, a student who graduated with a BSc in Accounting and Finance between 1 January 2003 to 31 December 2008 from the University of Birmingham will gain exemption from Papers F1, F2, F3 and F4. Additional exemptions for Paper F5 will be awarded for students who completed Management Accounting plus Advanced Management Accounting and Paper F9 for students who completed Corporate Financial Management plus Advanced Finance. If the qualification you are searching for is not listed as an accredited programme, or if the graduate date for an accredited programme is not covered by the listed assessments, exemptions may still be available. Follow the links for either the ACCA Qualification or Certified Accounting Technician under ‘IS YOUR QUALIFICATION NOT LISTED?’ to view national qualifications information and then follow Step 5......

Words: 984 - Pages: 4

Free Essay

Big4 Internship

...[Big 4 Internship 2015][Test Content] Source: a KPMG intern + PwC intern NOTE: +        Read the email regarding test invitation carefully and follow instructions +        Arrive early, 15´ at least +        Bring pens, calculator, ID +     Essays: should be written in IELTS format (4 paragraphs: 1 introduction paragraph, 2 body paragraphs, and 1 conclusion paragraph). +   Ref: http://www.shldirect.com/en-us/practice-tests/ (to practice)                                                                                                                                         No. | Firm | Time | Content | 1 | KPMG | 40 min | 2 essaysTopic: important characteristics of a co-worker; different culture affect judgment; first impression on judging people; if receiving voucher from client causes unethical behavior. | 2 | PwC | 30 min | 1 essayTopic: pros and cons of mobile phone as a mean of communication; of online shopping. | 3 | EY | 120 min | 6 parts1)   Accounting (focus on VAS-related questions)2)   Auditing3)   Tax4)   Logic Test (IQ; find next number; missing word; A to B as C to D; there are 6 eggs in a basket, 6 persons, each takes one egg, how there still be an egg in a basket (answer: the last one takes the basket with the egg inside))5)   Social knowledge (price of 92 gasoline, name of a student starting Hong Kong civil disobedience – Joshua Wong, EOY marketing – EOY stands for what,  merge of bank, effective time when university entrance exam merges with......

Words: 978 - Pages: 4

Premium Essay

Busienss Essentials

...innovative individuals We sell to 51 countries in Europe Our most popular qualification is ACCA, we sell our products in 168 countries We provide a wider range of CIMA exam material than any other publisher We sell to more than 350 institutions in the UK We sell to 37 countries in the Americas We sell our CIMA materials in 108 countries We sell to 52 countries in Asia We sell to 44 countries in Africa Our FIA products are sold in 145 countries Our global distributor network includes over 80 distributors present in every continent Welcome to BPP Learning Media At BPP Learning Media, we seek to inspire, enthuse and guide people from all walks of life on every step of their educational journey. We have a passion for imparting knowledge and improving lives through education. The fact you are reading our publications catalogue tells us you share that passion. Together, we can work to improve life and career aspirations across the world. The trusted publishing partner From our beginnings over 35 years ago, BPP Learning Media has become the benchmark for quality in professional education study materials. Today, tutors and students in more than 188 countries worldwide look to us as an essential support for success in accountancy, tax, financial services, business, management, marketing and medical exams. So trusted are our materials that global professional bodies, including ACCA and CIM, have chosen us as their publishing partner. The professional choice in......

Words: 27609 - Pages: 111

Free Essay

Bpp Catelogue

...anD ManageMenT (iLM) 15 MeDiCaL seRies assOCiaTiOn OF BUsiness exeCUTives (aBe) 16 a BRanD neW 17 aPPROaCh a neW iDenTiTY 17 a neW PROPOsiTiOn 18 inFORMaTiOn FOR BOOKseLLeRs 20 WhOLesaLe ORDeRs 23 BeCOMe a sTOCKisT TUiTiOn PROviDeRs 24 TeRMs anD COnDiTiOns OF saLe RegiOnaL saLes ManageRs 24 CUsTOMeR seRviCes PRinTeD 25 PRODUCTs 26 sTUDY TexTs PRaCTiCe & RevisiOn KiTs 27 PassCaRDs 28 eLeCTROniC PRODUCTs 29 eBOOKs 30 eLiBRaRies i-Pass 31 inTeRaCTive PassCaRDs sUCCess CDs 32 i-LeaRn inTeRaCTive 33 LeaRning sOLUTiOns 34 BeneFiTs OF Using BPP LeaRning MeDia’s inTeRaCTive sTUDY MaTeRiaLs 35 FeaTURes OF BPP LeaRning MeDia’s inTeRaCTive eLeaRning TiTLes 37 sTUDenT RePORTing eLeaRning sTanDaRDs 38 LiCenseD eLeaRning PRODUCTs 39 LeARnInG MAteRIALs aCCa Fia Bsc (hOns) DiP FM DiP iFR iCFe aaT CiMa iCaeW aia CPa aUsTRaLia iFa Cia CTa aTT CiM MRs Cii aiFa/CiOBs iOC CORe MODULes iOC TeChniCaL MODULes Cisi CeRTiFiCaTe Cisi iaD Cisi DiPLOMa Cisi MasTeRs 39 40 41 42 44 45 46 46 47 47 48 49 50 50 51 52 iMC CFa® CiTY essenTiaLs MeDiCaL seRies BUsiness essenTiaLs exPLaineD Range QLTT CPi CPPi JieB CTh CiPFa aBe igCse UnDeRsTanD Range anD geneRaL BUsiness WhoLesALeRs AnD MAjoR stockLIst UniTeD KingDOM RePUBLiC OF iReLanD eUROPe, RUssia anD ex-sOvieT sTaTes asia anD aUsTRaLasia MiDDLe easT aFRiCa The aMeRiCas 05 06 07 08 10 4 cUstoMeR seRvIces t 0845 075 1100 (UK) t +44 (0)20 8740 2211 (OveRseas) f +44 (0)20 8740 1184 e LeaRningMeDia@BPP.COM W BPP.COM/LeaRningMeDia ...

Words: 28023 - Pages: 113

Free Essay

Miss

...5. ~~~ [size=14.44444465637207px]_(: LZ ···· RP verbal )_ 2.9 KPMG DL BBS 2013 10 15 http://bbs.yingjiesheng.com/thread-1740891-1-1.html 13 DL KPMG NUM HR NUM 5 Verb 36 36 level RP RP http://www.yingjiesheng.com 12 141 YingJieSheng.COM PS 24 NUM Financial.com test Verb OT ~ ~~ 36 Verb 2.10 131013 KPMG BBS 2013 10 14 http://bbs.yingjiesheng.com/thread-1740307-1-1.html 10 30 201 numerical example verbal BEC 7.5 985 211 tuition loan craftsman government support monopoly somewhat somewhat little support F perfect perfect competitive market imperfect somewhat theoretical imperfect cannot say T only no other little cohesive devices however in addition note scan alternarives both and numerical 80% 20 20 20 http://www.yingjiesheng.com 13 141 YingJieSheng.COM 80% working under pressure 90% KP 16 8 18 4.5% 16 10% 5% 0-5% 15000/1.1/15000*5%=4.545% gdp gdp 15000 H 1988 1998 2008 = 3 numerical 20 kp verbal 24 numerical verbal numerical 80 rs att norm official KP 2-3 http://www.yingjiesheng.com 14 141 YingJieSheng.COM 2.11 2013-10-13 SH RP BBS 2013 10 14 http://bbs.yingjiesheng.com/thread-1740272-1-1.html 1 1 10 6 5-10 KPMG =.= KPMG ~ Verbal 1/3 9 4 36 20 .. ...T.T~~ ~ 24 24 ~ ~ Verbal... .... 2.12 10 13 BBS 2013 10 16......

Words: 10502 - Pages: 43

Premium Essay

Acca

... FAB P R A C T I C E & R E V I S I O N K I T PAPER F1 ACCOUNTANT IN BUSINESS BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the FIA suite of qualifications. In this, the only FAB/F1 Practice and Revision Kit to be reviewed by the examiner:    We include Do you know? Checklists to test your knowledge and understanding of topics We provide you with two mock exams including the Pilot paper We provide the ACCA examiner’s answers as well as our own to the Pilot paper as an additional revision aid BPP's i-Pass product also supports this paper and is a vital tool if you are taking the computer based exam. Note FIA FAB and ACCA Paper F1 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2013 TO JANUARY 2014 FAB/F1 ACCOUNTANT IN BUSINESS First edition May 2011 Second edition November 2012 ISBN 9781 4453 9976 8 (Previous ISBN 9781 4453 7311 9) e-ISBN 9781 4453 9252 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by Ricoh Ricoh House Ullswater Crescent Coulsdon CR5 2HR A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and elearning materials do not write and update themselves. People write them: on their......

Words: 76295 - Pages: 306

Premium Essay

Strategic Alliance

...ACCA QUALIFICATION COURSE NOTES Paper P3 BUSINESS ANALYSIS JUNE 2012 EXAMINATIONS OpenTuition Course Notes can be downloaded FREE from www.OpenTuition.com Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites. Visit opentuition.com for the latest updates, watch free video lectures and get free tutors’ support on the forums To fully benefit from these notes do not forget to watch free ACCA Lectures on our website Free ACCA Lectures and course notes by Paper (on line on http://opentuition.com/acca/) F1 Accountant in Business / FAB Foundations in Accountancy F2 Management Accounting / FMA Foundations in Accountancy F3 Financial Accounting / FFA Foundations in Accountancy F4 Corporate & Business Law (English & Global) F5 Performance Management F6 Taxation (UK) F7 Financial Reporting F8 Audit and Assurance F9 Financial Management P1 Governance, Risk & Ethics P2 Corporate Reporting P3 Business Analysis P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation (UK) P7 Advanced Audit & Assurance THE BEST THINGS IN LIFE ARE FREE For the latest free course notes, free lectures and forum support please visit opentuition.com/acca Paper P3 JUNE 2012 EXAMINATIONS For latest course notes, free audio & video lectures, support and forums please visit Paper P3 i JUNE 2012 EXAMINATIONS Paper P3 SYLLABUS 1 Aim To apply relevant knowledge, skills, and......

Words: 43531 - Pages: 175

Premium Essay

Financial Accounting

... FFA PAPER F3 FINANCIAL ACCOUNTING BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for FIA and ACCA qualifications. In this, the only FFA/F3 study text to be reviewed by the examiner:        We highlight the most important elements in the syllabus and the key skills you will need We signpost how each chapter links to the syllabus and the study guide We provide lots of exam focus points demonstrating what the examiner will want you to do We emphasise key points in regular fast forward summaries We test your knowledge of what you’ve studied in quick quizzes We examine your understanding in our exam question bank We reference all the important topics in our full index I N T E R A C T I V E T E X T BPP’s Practice & Revision Kit, i-Pass and Interactive Passcard products also support this paper. Note FIA FFA and ACCA Paper F3 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2013 TO JANUARY 2014 FFA/F3 FINANCIAL ACCOUNTING First edition March 2011 Second edition September 2012 ISBN 9781 4453 9966 9 Previous ISBN 9781 4453 7305 8 eISBN 9781 4453 9242 4 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by Printers Polestar Wheatons Hennock Road Marsh Barton Exeter EX2 8RP......

Words: 166751 - Pages: 668

Premium Essay

Acca F1 Text Book

...ACCOUNTANT IN BUSINESS BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the FIA and ACCA qualifications. In this, the only FAB/F1 Study Text to be reviewed by the examiner:  We highlight the most important elements in the syllabus and the key skills you will need  We signpost how each chapter links to the syllabus and the study guide  We provide lots of exam focus points demonstrating what the examiner will want you to do  We emphasise key points in regular fast forward summaries  We test your knowledge of what you’ve studied in quick quizzes  We examine your understanding in our exam question bank  We reference all the important topics in our full index BPP’s Practice & Revision Kit and i-Pass products also support this paper. Note FIA FAB and ACCA Paper F1 are examined under the same syllabus and study guide. FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 I N T E R A C T I V E T E X T FAB/F1 ACCOUNTANT IN BUSINESS First edition March 2011 Third edition September 2013 ISBN 9781 4453 7026 2 Previous ISBN 9781 4453 9965 2 eISBN 9781 4453 7061 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place 142-144 Uxbridge Road London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by RICOH Ricoh House Ullswater Crescent Coulsdon CR5 2HR A note about copyright Dear Customer What does the......

Words: 210642 - Pages: 843

Premium Essay

Accounting Dictionary

...earlier years. See also ACCELERATED COST RECOVERY SYSTEM; DOUBLE DECLINING BALANCE; SUM-OF-THEYEARS'DIGITS (SYD) METHOD. ACCELERATION CLAUSE provision contained in a BOND INDENTURE requiring that in an event of default any remaining interest and principal become immediately due and payable. ACCEPTABLE QUALITY LEVEL (AQL) a quality standard that allows a prespecified number of defects. ACCEPTANCE 1. drawee's promise to pay either a TIME DRAFT or SIGHT DRAFT. Typically, the acceptor signs his name after writing "accepted" on the bill along with the date. Instead of "accepted," similar wording indicating an intention to pay would also suffice to show a desire to honor the bill at maturity. An acceptance of a bill in effect makes it a PROMISSORY NOTE: the acceptor is the maker and the drawer is the endorser. 2. BANKER'S ACCEPTANCE. 3. binding contract effected when one party to a business arrangement accepts the offer of another. Acceptance may be in written or oral form. ACCEPTANCE SAMPLING statistical procedure used in quality control. Acceptance sampling involves testing a batch of data to determine if the proportion of units having a particular attribute exceeds a given percentage. The sampling plan involves three determinations: (1) batch size; (2) sample size; and (3) maximum number of defects that can be uncovered before rejection of the entire batch. This technique permits acceptance or rejection of a batch of merchandise or documents under precisely specified......

Words: 195124 - Pages: 781

Premium Essay

Work, Culture and Identity in Mozambique and Southafrica 1860-1910

...Lords Lugard and Hailey. 8. Particularly his A Question of Slavery: Labour Policies in Portuguese Africa and the British Protest 1850-1920 (Oxford, 1967). 9. See also R.Davies, Capital, State and White Labour in South Africa, 1900-1960 (Brighton, 1979) and N.Levy, The Foundations ofthe South African Cheap labour System (London, 1982) 10. lohristone,-"The labour history of the Witwatersrand in the context of South African studll dip; reflegigonstpln the new school" Social Qynamics 4, 1978, 102-3. . sdm a w;;yS‘;nat msu African SOFIEYYI ltadical History Review 46/7, 1990, 41. Van Qufm a·mnl;e of works on E:.l\;ers1tcy 0 tlgpiglitwatersrand, proyided the master narrat1V€ s.M0mn€y· r y in ustn tion in South Africa, most notably those of XX Notes xxi 12. Chibaro, African Mine Labour in Southern Rhodesia, 1900-1933 (London, 1976) 157, 153. Environmental determinism was an important aspect of influential contemporary worlu by Elkins, Coffman and Braverman, a view that has reemerged recently in V.L.Allen, The History of Black Mineworkers in South Africa (Keighly, U.K., 1992), vol.l. 13. Chibaro, 244. 14. Chibaro, chapters six and seven. Herskovits, Stamp and Genovese had drawn attention to these forms of resistance on slave plantations. 15. ‘Black workers in Central African Industry' ISAS 1, 2, 1975, 136, 243; Chibaro, 159. johnstone " 'Most painful to our hearts': South Africa through the eyes of the new school" Canadian lournal of African Studies 16, 1, 1982, 18. See also......

Words: 178350 - Pages: 714