Cima P2 Exam Question No 1

Questions No 1:

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