《opentuition P3需要的F5 F9知识举例》.pdfVIP

ACCA Paper P3 Article Essential F5 and F9 skills for P3 Some important methods and techniques that were introduced in the F5 and F9 syllabuses are assumed knowledge in the P3 syllabus. This article provides ve simple examples to help revision of some of these topics. Details of brought forward techniques can be found in the Study Guide. Extracts are as follows: Section A Requires candidates to evaluate methods of business forecasting used when quantitatively assessing the likely outcome of different business strategies. The examiner’s article of August 2010 said that this requirement would include the key techniques of linear regression, the coefficient of determination, time series analysis and exponential smoothing. Section E Requires candidates to describe a process for establishing a pricing strategy for products and services that recognises both economic and non-economic factors. Section G Includes: funding strategies, sources of nance, capital management, budgeting, variance interpretation, risk and uncertainty, decision trees, marginal costing techniques, activity based costing, ratio analysis. It is expected that the importance of these techniques will increase in P3 examinations, and the purpose of this article is to provide some revision placed in the context of strategic decision-making and implementation. It is probable that combinations of techniques will be needed rather than their stand-alone application. For example: • Activity based costing could be combined with pricing using a cost-plus approach. • Interpretation of variances could lead into marginal cost decisions to discontinue a product. • Linear regression forecasts could be combined with expected value techniques to make decisions about future action. Generally it can be expected that emphasis will be placed on interpreting calculations already prepared and presented in the question. If calculations have to be performed then these will be relatively si