PAPER F2 MANAGEMENT ACCOUNTING FMA MANAGEMENT ACCOUNTING FIA & ACCA About BPP Learning Media BPP Learning Media is dedicated to supporting aspiring business professionals with top quality learning material as they study for demanding professional exams, often whilst working full time. BPP Learning Media’s commitment to student success is shown by our record of quality, innovation and market leadership in paper-based and e-learning materials. BPP Learning Media’s study materials are written by professionally-qualified specialists who know from personal experience the importance of top quality materials for exam success. BPP Learning Media is the sole ACCA Platinum Approved Learning Partner - content. This Practice & Revision Kit has been reviewed by the examiner to ensure that it provides full coverage of the syllabus and study guide for FIA FMA Management Accounting and ACCA Paper F2 Management Accounting of the ACCA’s Foundations in Accountancy qualifications. When you have worked through it you will be ready to tackle the mock exams at the end of the Kit and compare your answers with ours. Targeted at FIA exams from February 2014, it contains: n DO YOU KNOW? Checklists to test your knowledge of Management Accounting topics n A bank of exam-standard MCQs with answers, covering the syllabus n Two mock exams including the FMA/F2 pilot paper At BPP Learning Media, we specialise in helping people pass professional exams. Your exam success is our business. For more details about this or any other BPP Learning Media products, please call our customer services team on 0845 0751 100 (within the UK) or +44 (0)20 8740 2211 (from overseas), email learningmedia@bpp.com or visit our website www.bpp.com/learningmedia NOVEMBER 2013 UK £15.00 PRACTICE & REVISION KIT FIA &ACCA FMA MANAGEMENT ACCOUNTING PAPER F2 MANAGEMENT ACCOUNTING FIA FMA MANAGEMENT ACCOUNTING ACCA PAPER F2 MANAGEMENT ACCOUNTING PRACTICE & REVISION KIT FOR EXAMS FROM FEBRUARY 2014 BPP House, Aldine Place, London W12 8AA Tel: 0845 0751 100 (for orders within the UK) Tel: +44 (0)20 8740 2211 Fax: +44 (0)20 8740 1184 www.bpp.com/learningmedia FOR EXAMS FROM FEBRUARY 2014 FI33RK14 (POL & HO)_Layout 1 20/11/2013 15:28 Page 1 P R A C T I C E & R E V I S I O N K I T Welcome to BPP Learning Media's Practice and Revision Kit for FMA. In this FMA/F2 Practice and Revision Kit reviewed by the examiner:  We include Do you know? Checklists to test your knowledge and understanding of topics  We provide you with two mock exams including the Specimen exam  We provide the ACCA examiner’s answers as well as our own to the Specimen exam as an additional revision aid BPP's i-Pass product also supports this paper and is a vital tool if you are taking the computer based exam. FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 FMA PAPER F2 MANAGEMENT ACCOUNTING Note FIA FMA and ACCA Paper F2 are examined under the same syllabus and study guide. FMA/F2 MANAGEMENT ACCOUNTING ii First edition May 2011 Third edition November 2013 ISBN 9781 4453 7035 4 (Previous ISBN 9781 4453 9978 2) e-ISBN 9781 4453 7070 5 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by Polestar Wheatons Hennock Road Marsh Barton Exeter EX2 8RP Your learning materials, published by BPP Learning Media Ltd, are printed on paper obtained from traceable sustainable sources. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learnin