Revision Narrative Questions-Management Accountancy, Lecture notes of Management Accounting

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3/7/25, 5:37 PM about:blank BS4112 Revision Narrative Questions BS4112 Revision Material ‘The following is alist of narrative exam standard questions. You will have seen many of these before but | thought it would be useful to have them all in one document for final revision purposes. Most of these questions are approx. 15-20 marks questions. Sometimes less marks are available and this indicates that a more concise, summarised answer is required. For longer narrative answers you are expected to incorporate a wide range of ‘TECHNOLOGY IN ACCOUNTING Select one technology in the digital evolution and discuss how it can be used in management accounting. Include advantages and disadvantages in your discussion. Discuss the use of technology in management accounting. BUDGETING. Discuss what makes a successful budgeting process. Critically discuss the benefits and limitations of the company's current use of a top down budgeting approach and its approach to performance evaluation. Also discuss whether the company should consider the use of challenging budget targets. Discuss the limitations of the company’s current incremental approach to budgeting and consider whether zero based budgeting or activity-based budgeting would be beneficial. Also identify the issues of imposing challenging budget targets on managers. Discuss the incremental budgeting approach and alternative budget approaches that companies can adopt. Discuss the benefits and limitations of using spreadsheets for preparing budgets. PRICING. Discuss the limitations of the company’s cost plus approach for external pricing decisions and consider the benefits of techniques such as relevant costing, target costing, life cycle costing and customer profitability analysis for informing pricing decisions. Critically discuss the effectiveness of the following techniques in respect of pricing deci ‘Customer Profitability Analysis * Product Life Cycle Costing, ‘Target Costing Analyse three different kinds of pricing strategy that a company can employ and critically discuss the importance of Customer Profitability Analysis. Critically assess the benefits of using Target Costing for pricing decisions and cost management. 12