Page 19 - CIMA OCS August 2018 Day 1 Tasks

MANAGEMENT ACCOUNTING (P1) - FAMILIARISATION

2 BUDGETING

EXERCISE 2(A) - FORECASTING

Question Your response

Discuss whether
time series analysis
would be a useful
technique for
Thomas Fine Teas
to use for
forecasting future
revenue.

EXERCISE 2(B) - BUDGET PREPARATION

Question Your response

Identify the likely
budget limiting
factor for Thomas
Fine Teas.

EXERCISE 2(C) - BUDGETING APPROACHES

Question Your response

Discuss whether
an incremental or
ZBB approach
would be most
suitable for
Thomas Fine
Teas.

KAPLAN PUBLISHING 15