Hey, Following are the tips for your Dec, 2011 exams.

Again, please try to cover as much as possible and treat these tips as guidelines only .Do your exam kits and the questions which I gave you. Please pick up one topic in one go and try to attempt as many questions as possible from Exam kit and my pack on that topic. Once you are comfortable and confident in that topic, go on next topic. Standard costing is very important and so is Chapter 1..always there will be 1 question from each of them. Relevant costing is another important area and quite easy to score marks in. Specialist Cost and Management Accounting Techniques: Environmental accounting techniques have not yet been tested under the new syllabus, so could feature. Throughput accounting featured numerically in June. ABC vs AC or target costing is also possible. Decision making techniques: There is a trend for pricing to be examined with other areas of the syllabus, for example learning curves. Relevant costing, CVP, make or buy or other short term decisions could feature as dealing with risk and uncertainty and limiting factors have featured recently. Budgeting: Discussion marks often focus on the appropriateness of budgeting types or the behavioural impacts of types of budgeting. Numerically it could be tested via time series as a forecasting method. Standard costing & variance analysis: Variances are likely to feature in the exam, students should be prepared for mix and yield variances, planning and operational variances as well as the basic variances and operating statements. Questions typically require thought about the most appropriate layout and could include discussion of variances which have already been calculated. Performance Measurement and Control: In June, there was a change in emphasis, with this being the first paper not to contain a question focusing on interpretation of performance and financial vs. non-financial measures. Detailed knowledge could instead be required on any of the performance measurement tools. Transfer pricing has not been examined recently, so could feature. Kaplan tips Performance Management *Payoff tables *Multiproduct breakeven *ABC *Linear programming First Intuition Target costing Life cycle costing Relevant costing decision making Forecasting Fixed overhead variances Financial and non-financial performance assessment Transfer pricing I count Linear Programming Analysing Performance using Financial and Non-Financial Indicators

Activity Based Costing Relevant Costing Budgeting