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Acquiring knowledge and skills in Management Accounting is a very different matter from preparing in other subject areas. Good examination techniques include preparation before the examination, and writing during the examination both of which require a set of generic skills.
Acquiring knowledge and skills in Management Accounting is a very different matter from preparing in other subject areas. Good examination techniques include preparation before the examination, and writing during the examination both of which require a set of generic skills.
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Acquiring knowledge and skills in Management Accounting is a very different matter from preparing in other subject areas. Good examination techniques include preparation before the examination, and writing during the examination both of which require a set of generic skills.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PDF, TXT herunterladen oder online auf Scribd lesen
Management Accounting (Relevant to PBE Paper II – Management Accounting) Dr. Gerry Li, Value Creation Management Ltd.
Introduction different matter from preparing in information in a timely manner to
other subject areas in the accounting the company’s management to help Professional accounting examinations discipline, such as financial accounting them plan and control the activities develop and test candidates’ and reporting, auditing practices of the organization and with which professional skills in solving practical and standards, and taxation rules optimal and sound decisions can be problems. Achieving success in and regulations, all of which are made. All the topic areas examined examinations is never easy. The major more structured and standardised in relate to this primary role. Although purposes of written examinations are nature. This article provides a general this role and its related topics covered for the candidates to demonstrate guide to candidates on the essential are clearly understood by most, if their knowledge about the subject examination techniques needed in not all, candidates or even managers area and to show that they adhere management accounting. in organizations, different types of to instructions when answering relevant information are needed for questions. It is therefore important The Nature of Management different organizations at different to consider both these points when Accounting times for different situations and preparing for examinations. However, purposes. Therefore, business skills acquiring knowledge and skills in The primary role of management and sense are often required when management accounting is a very accounting is to provide relevant tackling examination questions, along with good analytical and writing and writing during the examination learning process when preparing for skills. In addition, there is room both of which require a set of generic examinations. for flexibility in the nature, depth, skills. and format of relevant information It is inappropriate to read the required depending on the specific Preparation before the examination answers immediately after reading purpose and reason for obtaining the the questions. The proper approach is information. While failing to plan is planning to try to write the answers briefly on to fail, an essential step usually a piece of paper without referring to Examination Techniques overlooked by most candidates is to the suggested answers. The purpose plan ahead for the number of hours is to test whether you possess the A majority of candidates work very “budgeted” to be spent in the revision required knowledge to answer the hard in preparing for the management process having considered all their questions. This thinking process accounting examination but are still commitments in their work/family/ ensures an effective focus on the unable to achieve a pass. As with other social activities. Adjustments to the ability to answer the questions during problem areas, failing examinations activities are required if the “budget” the preparation stage. The above consistently need to be addressed is not realistic or practical. Managing processes will uncover any deficiencies and dealt with in a proper manner. time at the outset rather than being or weaknesses in reading, analytical Good examination techniques include managed by time is a critical factor and writing skills so that the root preparation before the examination, for success in preparing for the cause(s) of not being able to pass the examinations. examination can be identified early in order to improve these weaknesses as One of the common traps in preparing soon as possible. for examinations is just to read the textbooks, exam manuals and past Writing during the examination exam papers but not to understand the approaches used in solving problems. The format used and information Most candidates wrongly think that provided in management accounting it is enough for them to go through examination questions are very diverse, all past exam papers. However, those even in the same topic area. Therefore, past exam questions will never appear understanding what information, again and, thus, the candidates fail be it quantitative and qualitative, if all they do is just memorise past is given in the question is the first suggested answers. It is important to hurdle to get through. The next step note that it is useless to simply read is to understand what is/are being past questions and answers without asked: some candidates possess the digesting the lessons that can be learnt knowledge needed on the topic but fail from them. Instead candidates should to address the question’s requirements ask themselves what information is specifically. In addition, even though provided in the questions, what is being what is given and asked are understood, asked, and what should be written it is critical to be able to demonstrate down in answer to the questions the capability to provide solutions in to gain marks. This is the required a written format on paper since this is not an oral examination. time to plan your answer in order to in passing the examination since organize your thoughts. the marker does not know you A common weakness observed by personally and is only evaluating your many markers of exam scripts is that After reading the problem and performance based on what is written candidates often do not plan before understanding what is being asked, it down in the answer booklet. writing their answers, particularly the is essential to plan how to solve the longer descriptive answers. A lack of problem and how to present your Generic examination skills focus and repetition in the answers answer legibly using a good structure, indicate poor planning in answering especially calculations, analyzes, A written examination normally the questions. Instead, candidates arguments, etc., in a professional, allows you three hours and, therefore, should plan a complete and balanced coherent, and easily understood effective time management within the answer all the time. A good candidate format in order to demonstrate your three hours is necessary in order to should follow three steps in answering knowledge and understanding of the pass the examination. Allocating the exam questions: plan, write, and particular question being examined. proper length of time to each question review. It is obviously easier to write Good writing requires continuous based on the relative marks allocated answers to short questions which practice and efforts. There is no is extremely important because time worth relatively few marks. For longer shortcut on the road to success here. overrun on a particular question will answers, however, it is worth taking Writing is the most critical process result in having insufficient time to finish other questions. Stop writing the answer when your allocated time runs out as marks will be lost by not moving on to the next question. Remember that answering all questions with balanced and adequate marks for each question is far better than trying to produce a perfect answer for a particular question but leaving one or two questions unanswered.
As the examination is conducted
in English it requires candidates to demonstrate their skills in reading the question; in analyzing the information; and in writing the answer. Satisfactory mastery of English language skills will help your learning process before the examination and your writing process during the examination. Those who always have trouble understanding the question and what is being asked during revision should first work harder by across during their preparation. This to answer, based on the information spending more time improving their problem is more obvious if candidates given in the question. It is important English language skills, in particular rely too much on teachers explaining that you direct your learning effectively reading and writing skills, because this questions in class and just follow what in the preparation stage and, during is their major barrier to passing the they are told to do or copy the answer the examination, that you follow the examination. without thinking about it. Candidates proper steps as stated below: should develop their own independent Some candidates do not understand problem-solving skills without teachers • read the question carefully why they fail an examination as they when preparing for examinations. • give the question some thought had completed the revision on all the and analysis examined topics. Their problem is Summary • plan ahead before writing your often due to deficiencies in problem- answer legibly in an appropriate solving skills. Exam questions are Management accounting knowledge is format while observing the time fresh and although similarities with perceived by many students as easy to allocated for each question past papers are common, candidates learn but difficult to apply in solving will not have seen these questions examination problems. Application Lastly, it is important to note that before. They must therefore be able of knowledge in a variety of business relatively weak English language and to solve the problems given and write situations addressed in the examination problem solving skills are the common their answers for scenarios which require the ability to know what is reasons for failure in examinations. differ from those they have come specifically asked and what you need