ssg p2 sectionb july13

8/13/2019 SSG P2 SectionB July13

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CIMA–P2-Performance Management Area B –Self Study Guide

1

Email feedback to: [email protected] Updated: July 2013

Session(duration)

Component Learning Outcomes Study Guidance/Tips CIMA Technical Ar ti cles

1(Wk 1,2 hrs)

Introduction to “P2”

Familiarising yourself with the syllabus

and what the exam is all about.

Area B of P2 is all about costing and

analysis for competitive advantage.

Please note that the session duration time given foreach area is a rough guide based on % of P2 paper

syllabus weightings.

Research has shown that students who study at

minimum of 11 hours per week are more likely to

pass. These timings must be taken into account with

other personal commitments such as work, family time,

recreation etc.

Obviously the more hours students can dedicate to

studying the higher their chance of success.

Please use this as guidance rather than as an exact

science of how to study, and please feel free to change

it to suit your requirements.

Please email any feedback to

[email protected]

Review the P1 syllabus to ensure

there are no

knowledge gaps,

especially if you have

exemptions.

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/ImportedDocuments/P2PerformanceManagement.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P2PerformanceManagement.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P2PerformanceManagement.pdfmailto:[email protected]:[email protected]://www.cimaglobal.com/Documents/ImportedDocuments/P1PerformanceOperations.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P1PerformanceOperations.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P1PerformanceOperations.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P1PerformanceOperations.pdfmailto:[email protected]://www.cimaglobal.com/Documents/ImportedDocuments/P2PerformanceManagement.pdfmailto:[email protected]


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3


Session(duration)


3(Wk 1,

3.8 hours)

1(b) Evaluate the impacts of just-in-time

production, the theory of constraints and

total quality management on efficiency,

inventory and cost.

CS.com chapter 7

1. Know the definition of just-in-time production, the

advantages/disadvantages and how this impacts

on modern manufacturing techniques.

2. Understand the steps involved in the theory of

constraints and the role of throughput

accounting.

3. Understand the principles of total quality

management and how this has impacted on

business success.4. How would the above affect reporting on costs

compared to traditional manufacturing

processes? What are the benefits/limitations of

above?

TOP TIP: Try to find an industry example where TQM

production techniques are implemented and one without

for comparison.

Supply chainmanagement

.

1(b) Exam questions from past papers:

Nov-10-Q3 Mar-11-Q2 May-12-Q4 Nov-12-Q5

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/ImportedDocuments/fm_julyaug07_p45-46.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/fm_julyaug07_p45-46.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/fm_julyaug07_p45-46.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/fm_julyaug07_p45-46.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/fm_julyaug07_p45-46.pdfmailto:[email protected]


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4


Session(duration)


4(Wk 1,

3.8 hours)

1(c) Explain the concepts of continuous

improvement and Kaizen costing that are

central to total quality management.

CS.com chapter 7

1. Know the definition and principles of Kaizen

costing.

2. Understand how the techniques and concepts

differ from traditional costing approaches.

What is Kaizencosting?

1(c) Exam questions from past papers:

Sept-10-Q2 May-11-Q3 Sept-11-Q3 Nov-11-Q2a Mar-12-Q2

5(Wk 2,

3.8 hours)

1(d) Prepare cost of quality reports.

CS.com chapter 7

1. Have the ability to prepare cost reports based onthe cost of implementing quality techniques and

their cost savings impact and then comparing

this to the cost of conforming to current

standards.

1(d) Exam questions from past papers:

Nov-10-Q2 Mar-11-Q5 Nov-11-Q7b Sept-12-Q4 Nov-12-Q4

6(Wk 2,

3.8 hours)

1(e) Apply learning curves to estimate

time and cost for new products and

services.

CS.com chapter 6

1. Know the definition of a learning curve and how it

is presented on graphical format.

2. Know the formula and understand how to

calculate different learning curve rates.

3. Understand in what real-life scenarios learning

curve formula could be applied.

Learning curve, andquestion and answer

example.

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Kaizen%20Costing.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Kaizen%20Costing.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Kaizen%20Costing.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_Sept11_exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_Sept11_exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/FMdec2010p2.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/FMdec2010p2.pdfhttp://www.cimaglobal.com/en-gb/Thought-leadership/Newsletters/Velocity-e-magazine/Velocity-2011/Velocity-February-2011/Model-answer-P2-investment-appraisal/http://www.cimaglobal.com/en-gb/Thought-leadership/Newsletters/Velocity-e-magazine/Velocity-2011/Velocity-February-2011/Model-answer-P2-investment-appraisal/http://www.cimaglobal.com/en-gb/Thought-leadership/Newsletters/Velocity-e-magazine/Velocity-2011/Velocity-February-2011/Model-answer-P2-investment-appraisal/http://www.cimaglobal.com/en-gb/Thought-leadership/Newsletters/Velocity-e-magazine/Velocity-2011/Velocity-February-2011/Model-answer-P2-investment-appraisal/http://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/FMdec2010p2.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_Sept11_exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Kaizen%20Costing.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Kaizen%20Costing.pdfmailto:[email protected]


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5


Session(duration)

Component Learning Outcomes Study Guidance/Tips CIMA Technical Ar ticles

1(e) Exam questions from past papers:

May-10-Q1 Sept-10-Q5 Nov-10-Q1 Mar-11-Q1 Nov-11-Q1a, Q1b Mar-12-Q1 May-12-Q1 Sept-12-Q1 Nov-12-Q1 Mar-13-Q1

May-13-Q2 7

(Wk 2,3.8 hours)

1(f) Apply the techniques of activity-

based management in identifying cost

drivers/activities.

CS.com chapter 8

1. Before you begin this learning outcome you will

need to have an understanding of activity based

costing.

2. Know the definition of activity based

management.

3. Understand the outputs from an activity based

management information system.

4. Know the advantages/disadvantages of using

activity based management.

5. Know the problems with implementing activity

based costing and management principles.

Activity-based costing

Activity-basedmanagement

8

(Wk 2,3.8 hours)

1(g) Explain how process re-engineering

can be used to eliminate non-valueadding activities and reduce activity

costs.

CS.com chapter 7

1. Know the definition of business process re-

engineering.2. Have the ability to explain how investigating

business process and highlighting inefficiencies

can help reduce costs and improve quality.

TOP TIP: How are

business processesdeveloped in your

company? Are they

documented and

analysed often?

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/Student%20docs/Studyresources/P2%20May%202010for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/Studyresources/P2%20May%202010for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P1/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P1/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P1/P1%20P2%20study%20notes%20FM%20Jan-Feb%2010.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_nov2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2_sept2012_questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20typeset%20March%202011_for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/Studyresources/P2%20May%202010for%20publication.pdfmailto:[email protected]


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Session(duration)


1(g) Exam questions from past papers:

Nov-11-Q3 Mar-12-Q3 May-13-Q6c

9(Wk 3,

3.8 hours)

1(h) Explain how target costs can be

derived from target prices and the

relationship between target costs and

standard costs.

CS.com chapter 9

1. Know the definition of target costing.

2. Understand how the target cost is developed at

the planning stage of a new product and how it is

used for existing products.

3. Be able to compare standard and target costing

methods and know the

advantages/disadvantages of each.

1(h) Exam questions from past papers:

Sept-10-Q5 May-11-Q3 May-12-Q5

10(Wk 3,

3.8 hours)

1(i) Discuss the concept of life cycle

costing and how life cycle costs interact

with marketing strategies at each stage of

the life cycle.

CS.com chapter 9

1. Understand what is meant by the term life-cycle

costing.

2. Understand the concept of the product life cycle

and this will help you understand how the life

cycle costs interact.

3. Understand the benefits of life cycle costing.

TOP TIP: Think about how life cycles are extended.

Apple I Phone’s are generally released in the USA first

to build awareness then, introduced gradually in other

countries. Can you think of other company examples?

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20May%202012%20question%20paper%20for%20website.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2May2011questionpaper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/qp_march2012_p2_final.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2nov11exampaper.pdfmailto:[email protected]


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Session(duration)


1(i) Exam questions from past papers:

May-10-Q2 Sept-10-Q6 May-11-Q2 Sept-11-Q2 Sept-12-Q5

11(Wk 3,

3.8 hours)

1(j) Discuss the concept of the value

chain and the management of

contribution/profit generated throughout

the chain.

CS.com chapter 8

1. Have an understanding of the value chain and in

particular Michael Porter’s model.

2. Understand the difference between the primary

and support activities within the chain and how

they affect each other.

3. Understand how the value chain can be used to

develop competitive strategies.

Porter’s value chainimage

1(j) Exam questions from past papers:

Mar-13-Q2

12(Wk 3,

3.8 hours)

1(k) Discuss gain sharing arrangements

whereby contractors and customers

benefit if contract targets for cost, delivery

etc. are beaten.

CS.com chapter 9

1. Understand what is meant by gain sharing

arrangements and the components it must

possess.

2. Understand the benefits gain sharing can provide

to both parties.

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8/9


8


Session(duration)


13(Wk 4,

3.8 hours)

1(l) Analyse direct customer profitabilityand extend this analysis to distribution

channel profitability through the

application of activity-based costing

ideas.

CS.com chapter 8

1. Know the definition of customer profitability.2. Understand why this is useful in different

industries, it is particularly important for service

industries e.g. banks.

3. Understand what is meant by distribution channel

profitability.

4. Explain how the above information could be used

to implement an activity based costing system.

TOP TIP: Think of the different channels that companiesnow use to sell. There is more movement towards on-line shopping and use of apps on smart phones. How isthis impacting on distribution channel profitability?

1(l) Exam questions from past papers:

Sept-10-Q3 Nov-10-Q5 Mar-13-Q3 May-13-Q1

14(Wk 4,

3.8 hours)

1(m) Apply Pareto analysis as a

convenient technique for identifying key

elements of data in presenting the results

of other analyses, such as activity-basedprofitability calculations.

CS.com chapter 9

1. Understand what is meant by Pareto analysis and

in what circumstances it could be used.

2. Understand how it can be used with other

management reports for example 80% of revenuegenerated by 20% of customers.

Pareto analysis

mailto:[email protected]:[email protected]:[email protected]://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P2march2009fmarticle.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P2march2009fmarticle.pdfhttp://www.cimaglobal.com/Documents/ImportedDocuments/P2march2009fmarticle.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-May-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2-March-2013-question-paper.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Nov%202010%20for%20publication.pdfhttp://www.cimaglobal.com/Documents/Student%20docs/2010%20syllabus%20docs/P2/P2%20Sept%202010%20for%20publication.pdfmailto:[email protected]


9/9


9


Revision Day:

1. Attempt at least two mock papers to timed conditions before the exam including reading time of 20 minutes

(Total 3 hrs and 20 minutes to complete). Review the examiner’s answers and post exam guides after you

have finished the mock exam.

Nov-12 exam Examiners answers Post exam guide

May-12 exam Examiners answers Post exam guide

Study tips from tutorsand students

Maths skills

Business English

OTHER STUDY RESOURCES:

Find all examiners suggested answers here

Post exam guides

CIMA Publishing

Velocity-Student e-magazine Financial Management magazine

Chat to other students on CIMAsphere-discussion boards for management level

.
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