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MA2 - Managing Costs and Finances | BPP | STUDY TEXT and EXAM KIT

Aim of MA2:

BPP MA2 - Managing Costs and Finances: Aim is to provide the knowledge and practice to help you succeed in the Paper MA2 Managing Costs and Finances exam. In all areas covered by the syllabus and instruction guide, you need a thorough understanding to pass the exam.

Remember

This PDF is provided as a Demo. This PDF cannot replace the Book at any Cost. We request you use it only in your Desktop and Mobile and Do Not Print It Out. We recommend you to buy the Hard Copy of this book from the Nearest Store or Online from BPP Approved Seller.

What MA2 is about

The objective of this syllabus is to develop knowledge and understanding of the principles and techniques used for internal management purposes in the recording, analysis and reporting of costs and revenues. This includes data on management , cost recording, costing methods, decision-making and cash management.

MA1 - Management Information | BPP | STUDY TEXT and EXAM KIT

Approach to examining the syllabus

Paper MA2 is a paper that's two hours long. It can be taken as a Written paper or Computer Base. Objective test questions, multiple choice, number entry and multiple response, are the questions in the computer-based examination. (For frequently asked questions about computer based examinations, see page xvii.)

Brought forward knowledge

From Paper MA2 Management Information, you will need to have a good knowledge of fundamental management accounting. Throughout the Interactive Text, broken forward knowledge is identified. The examiner will assume that this material is known to you and it may be part of an examination question.

Syllabus and Study guide

By visiting the exam resource finder on the ACCA website, you can find the entire MA1 syllabus and study guide: www.accaglobal.com/uk/en/student/exam-support-resources.html-resources

Recommended Approach to Pass MA2

  • Make sure that you are able to answer questions about everything the syllabus. You can not make any assumptions about the questions that come up on your exam.
  • Learning is Active Process. Try to question yourself, i.e. DO YOU KNOW THIS? HOW TO USE IT? Checklists to test your understanding and knowledge about the topics covered in MA2 Managing Costs and Finances by filling in the spaces that are blank. Then check your answer against DID YOU KNOW? Checklists. In that case, do not try to try any question that you can not fill in any of the blanks. Instead, go back to your Interactive BPP Text and Revise it.
  • Think about the errors you know you should avoid when you are reviewing a topic. At the end of each, ask yourself, DO YOU KNOW THIS?
  • Once you have successfully completed the checklists, you should try the questions on that topic. Each question is worth of 2 marks and a time allocation of 2.4 minutes is carried with it.
  • Once all the questions in the body of this Practice & Revision Kit have been completed, you are now under the exam conditions, the MOCK EXAMS should be attempted at that time. Check your answers against our kits answers to see how well you did.

This strategy is a suggestion only. It may well be adapted to meet your needs by you or your college. Don't forget that this is a practical course.

  • Try relating the material to your workplace experience or any other work experience that you may have had.
  • At the Introductory and Intermediate levels, try to create as many links as you can to other exams.

Before the Exam

Before you take the exam, make sure that you still remember the material by using the following quick revision plan.

  • At the beginning of each chapter, read through the chapter topic list. Any gaps in your knowledge are there? If so, Study the topic again.
  • Read the key terms and learn.
  • Look at the focus points for the exam. These indicate the ways in which topics could be examined.
  • Read the chapter roundups, which in each chapter are a summary of the fast forwards.
  • Again, do those fast quizzes. When you know what exactly you're doing, it shouldn't take long.



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