ACCA F2
Paper F2 Management Accounting is disturbed with administration the business so as to achieve better performance. It includes topics like how to calculate the cost of producing items in a manufacturing company, the preparation of budgets and the computation of variances.
The exam consists of two sections:
• Section A will contain 35 two mark objective questions.
• Section B will contain 3 ten mark multi-task questions - one will be on Budgeting, one from Standard costing, and one from Performance measurement.
F2 exam
Although most of the mathematics involved is not complicated in itself, there is a lot of time pressure – it is not easy to complete all of the questions in two hours. Additionally, there often small ‘tricks’ in the wording of the questions which (especially under time pressure) lead to it being easy to choose the wrong answer even if you are happy with the particular topic.
Although all the questions in Section A carry equal marks, they are not all of equal complexity. You will find some of the questions very quick and easy, whereas others will take much longer.
Although the majority of questions involve arithmetic, there will be some questions asking you to choose between quite a few written statements.
Candidates are advised to:
• Revise the whole syllabus, because the paper will cover the full syllabus.
• Practice as many multiple choice questions as possible.
• Read questions very carefully in the examination
• Ensure that their calculations are complete before selecting their answer to multiple choice questions
• Try to attempt the “easy” examination questions first.
• Not to spend too much time on apparently “difficult” questions.
• Attempt all questions in the examination (there are no negative marks for incorrect answers).
• Ensure that all parts of the question are answered for section B
• Read All Examiner’s Reports - Link
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