The defining characteristics of zero-based budgeting, and its applicability to discretionary expenditure, should really pose no problem. This opening question should have been welcome to ease the student into the P2 paper. As always, reading the question properly was very important: the candidates were tested on only one of the five divisions mentioned in the scenario. Furthermore, the examiner helpfully suggests a structure in its question. First, explaining ZBB could simply take the form of a departure from traditional incremental budgeting. Secondly, the main stages are a straight textbook-dump exercise and the whole answer should have made a couple of specific references to an R+D environment, mentioning for example the significant upfront investment or even quality conformance costs.
The
defining characteristics of zero-based budgeting, and its applicability
to discretionary expenditure, should really pose no problem. This
opening question should have been welcome to ease the student into the
P2 paper. As always, reading the question properly was very important:
the candidates were tested on only one of the five divisions mentioned
in the scenario. Furthermore, the examiner helpfully suggests a
structure in its question. First, explaining ZBB could simply take the
form of a departure from traditional incremental budgeting. Secondly,
the main stages are a straight textbook-dump exercise and the whole
answer should have made a couple of specific references to an R+D
environment, mentioning for example the significant upfront investment
or even quality conformance costs. This question should be passed. - See
more at:
http://www.kaplan-exam-tips.com/cima/cima-p2/cima-p2-november-2014-evaluation#sthash.C4RRLCbL.dpuf
The
defining characteristics of zero-based budgeting, and its applicability
to discretionary expenditure, should really pose no problem. This
opening question should have been welcome to ease the student into the
P2 paper. As always, reading the question properly was very important:
the candidates were tested on only one of the five divisions mentioned
in the scenario. Furthermore, the examiner helpfully suggests a
structure in its question. First, explaining ZBB could simply take the
form of a departure from traditional incremental budgeting. Secondly,
the main stages are a straight textbook-dump exercise and the whole
answer should have made a couple of specific references to an R+D
environment, mentioning for example the significant upfront investment
or even quality conformance costs. This question should be passed. - See
more at:
http://www.kaplan-exam-tips.com/cima/cima-p2/cima-p2-november-2014-evaluation#sthash.C4RRLCbL.dpuf
