Management accounting exam prep
MA is a two-hour computer-based exam in two sections, worth 100 marks in total. ACCA's study guide sets out the structure and the six syllabus areas.
| Length | 2 hours, computer based |
|---|---|
| Section A | 35 objective test questions, 2 marks each |
| Section B | 3 multi-task questions, 10 marks each |
| Pass mark | 50% |
35 objective test questions of 2 marks each. They assess all parts of the syllabus and test knowledge and some comprehension or application of it.
Three multi-task questions of 10 marks each: one on budgeting, one on standard costing and one on performance measurement. The budgeting question can also include forecasting techniques, and a spreadsheet can appear in any of the three, as the way the scenario is shown or as a task.
MA is an on-demand computer-based exam, booked directly with an ACCA exam centre. ACCA says results show at the end of the exam and reach your account within 72 hours.
Semi-variable costs
Belmont Co's maintenance cost is semi-variable: a fixed $2,200 a month plus $28.50 for each machine hour.
What is the total maintenance cost in a month when 6,700 machine hours are worked? (2 marks)
ROI, residual income and decisions
A division of Fairley Co earns an ROI of 18%. The company's cost of capital is 12%.
The divisional manager can invest $380,000 in a project expected to earn a return of 7% a year.
What would the manager decide if judged on ROI, and if judged on residual income? (2 marks)
| Measure the manager is judged on | Decision |
|---|---|
| Return on investment | |
| Residual income |
Cash budget: receipts from customers
Fairley Co makes all its sales on credit. Budgeted sales are:
| Month | Sales ($) |
|---|---|
| February | 40,000 |
| March | 127,000 |
| April | 77,000 |
Past experience shows that 30% of customers pay in the month of sale, 40% pay in the month after the sale, 25% pay in the second month after the sale, and 5% of sales are expected to be irrecoverable.
What are the budgeted cash receipts from customers in April? (2 marks)
38: 35 two-mark objective test questions in Section A and three 10-mark multi-task questions in Section B.
Two hours. ACCA's study guide says the syllabus is assessed by a two-hour computer-based examination.
Budgeting, standard costing and performance measurement: one 10-mark multi-task question on each.