CIMA Exam NOVEMBER 2014 Tips and predictions of Key examinable areas from First Intuition's
November 2014 F1 Sections A and B Taxation, including deferred tax and a tax computation Statement of cash flows Ethics The framework Section C Single company accounts – including revaluations, leases Group accounts F2 – Groups: Statement of cashflows – Interpretation of company accounts – Group SOCIE – Financial Instruments – Earnings Per Share – Pensions – Discussion of whether to include people on the SFP F3
P1 Section A • Selection of short answer questions Section B • Likely to have one question on budgeting techniques (ABB/Incremental/ZBB) • Financial instruments (including calculation of AER / YTM) • Modern environment (TQM/JIT/Environmental Costing) • Potential calculation questions (VOPI/NPV/profit tables/EV) • Preparation of cash budget Section C • Variances (including planning vs operational / mix vs yield) → ABC has come up in Section C for the last 2 sittings, hence likely to get a variance question. • NPV + payback period/IRR P2 Learning curves Variances ROI and RI Pricing Multiple limiting factors ABC TQM/JIT Budgeting P3 Section A Identification and management of risks for the company in the preseen using elements of the risk management cycle. Evaluation of the company’s controls Section B • Corporate Governance –internal audit, internal controls, Boards of Directors • Financial risk – currency risk : ways of managing currency risk, including options • IT risks and controls, including CAATs. • Evaluation of 2 projects E1
E2 Project management – completion and CPA Corporate governance Ethical behaviour Managers and subordinates Organisational culture Contrasting models of strategic planning |
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