ACCA F2 Past Papers

ACCA F2 | Management Accounting

Past Exam Papers with Past exam questions analysis

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Download ACCA F2 Management Accounting past exam papers. For students’ convenience we have conducted past paper2 analysis on yearly basis and topical basis.

  • In year-wise arrangement ACCA F2 past exam questions are arranged in descending order of exam sitting i.e. latest exam sitting listed first and the questions analysis given under respective past exam paper.
  • In topic-wise arrangement ACCA F2 past exam questions are arranged in the order topics are listed in ACCA F2 study guide.
Following past papers questions analysis is for papers from December 2002 until June 2007. After June 2007 ACCA qualification experienced a major change and first three papers i.e. F1, F2 and F3 since then are assessed in multiple choice format. Since June 2007 past exam questions are not available for the exam sittings after June 2007.
As latest ACCA F2 past exam questions are not available anymore we recommend ACCA F2 students to use our FREE ACCA F2 Practice Kit to best prepare ACCA F2 Management Accounting exams. This FREE practice kit is updated according to latest syllabus and questions format and serves as a large exam level question bank for preparation, practice and revision of each and every topic of the syllabus.

Access FREE ACCA F2 Practice Kit

Topic+Year wise analysis of old ACCA F2 and CAT T7 past exam questions

Year-wise ACCA F2 Past exam papers and questions analysis

To view questions and answers online instantly then LEFT click on the links. If you want to save the files to your pc then RIGHT click and select “save target as” or “save link as”

Download June 2007 Questions | Answers

Question 1: Casilda Ltd

1(a): Calculating cost variances

1(b): Reconciliation statement for budgeted and actual contribution

1(c): Interrelation between labour variances

Question 2: Plaza Ltd

2(a): Limiting factor decision making

2(b): What is shadow price

Question 3: Luiz Ltd

3(a): Prepare process account

3(b): Further processing decision

Question 4: Marco Ltd

4(a): Computing contribution and net profit using marginal costing

4(b): Caculatimng break even point

4(c): Profits under marginal and absorption costing

Question 5: Inez ltd

5): Relevant costing

Download December 2006 Questions | Answers

Question 1: Fairfax Ltd

1(a): Calculating sales related variances

1(b): How different sales related variances are interconnected to each other

1(c): Budgeted profit statement under absorption costing system

Question 2: Point Ltd

2(a): Calculating economic order quantity

2(b): Savings by buying on bulk order discount

2(c): Examples of holding cost

Question3: Merryl Ltd

3): Limiting factor analysis

Question 4: Yeomen Ltd

4(a): Prepare process accounts

4(b): Uses of service costing

Question 5: Phoebe Ltd

5(a): Computing overheads absorption rate

5(b): Differentiate between allocation and apportionment of overheads

Download June 2006 Questions | Answers

Question 1: Corcoran Ltd

1(a): Prepare process accounts

1(b): Further processing decisions

1(c): Difference between direct expenses and production overheads

Question 2: Buttercup Ltd

2): Limiting factor analysis

Question 3: Deadeye Ltd

3(a): Compute material price and usage variances

3(b): Reconciliation statement of actual cost of material purchase and standard material cost of actual production

3(c): To whom material price variance should be reported

Question 4: Josephine Ltd

4(a): Using linear equation to predict costs

4(b): Limitations of using linear regression analysis in forecasting

Question 5: Pinafore Ltd

5(a): Preparing budgeted profit statement under absorption costing system

5(b): Reconciliation of profits under absorption and marginal costing

5(c): Which one is better for decision making between absorption and marginal costing

Download December 2005 Questions | Answers

Question 1: Pointdextre Ltd

1): CVP Analysis

Question 2: Partlet Ltd

2(a), (b): Prepare process accounts

2(c): How scrap value of normally lost units is accounted in process accounts

Question 3: JWW Ltd

3(a): Objective function under linear programming

3(b): Determine optimal solution

Question 4: Ploverleigh

4(a): Prepare reconciliation statement between standard cost of actual production and actual cost considering all three elements of cost

4(b) Further analysis of fixed production overhead

4(c): How and why computation of variances is different under absorption and marginal costing system

Question 5: Sangazure Ltd

5(a): Compute overheads absorption rate

5(b): Computing total production cost

5(c): Why service center’s overheads are reapportioned and which method is best for reapportionment

Download June 2005 Questions | Answers

Question 1: Saphir Ltd

1(a): Prepare process account

1(b): What are the characteristics of by-product

Question 2: Murgatroyd Ltd

2(a): Reconciliation of standard cost of actual production and actual cost and variance analysis of three components of cost

2(b): Further analysis of total material cost variances

2(c): Responsibility of setting standards

Question 3: Jane Plc

3(a): Computer economic order quantity

3(b): Determine order point

3(c): What are buffer stock and stockout? Describe the circumstances under which buffer stock should be considered

Question 4: Archibald Ltd

4(a): Using high-low method

4(b): Budget preparation under marginal costing

4(c): Profit calculating under absorption and marginal costing

Question 5: Ella Ltd

5(a): Deteriming profit maximizing selling price

5(b): Pricing strategies; skimming and penetration and differences between two

Download December 2004 Questions | Answers

Question 1: Maybus Ltd

1(a): Prepare process account

1(b): Reasons of abnormal gain and how is it accounted for in process accounts

Question 2: Despard Ltd

2(a): Calculate contribution and profit

2(b): Computing target profit

2(c): What is semi-variable cost and how is it dealt in different cost analysis situations

Question 3: Oakapple Ltd

3(a): Calculate sales price and sales volume profit analysis

3(b):Responsibility accounting and communicating variances

3(c): Determining profits under Absorption and Marginal costing systems

Question 4: Lion

4(a): Calculate Economic Order Quantity

4(b): Computing total annual cost of holding and ordering stock

4(c): Examples of holding and ordering costs

Question 5: Dauntless Ltd

5): Limiting factor analysis

Download June 2004 Questions | Answers

Question 1: Duddon Ltd

1(a), (b): Process accounts

1(c): Difference between process costing and job costing

Question 2: Coledale Ltd

2(a): Calculate total variances for material, labour and variable production overheads

2(b): Further analysis of labour total variance

2(c): Causes of variances

Question 3: CVP Analysis

3): Determining selling price to maximize profit.

Question 4: Ennerdale Ltd

4(a), (b): Determine relevant cost of contract

Question 5: Langdale Ltd

5(a): Overhead absorption rate calcualtion

5(b): Determine per unit cost of a product

5(c): Reasons why profits calculated under marginal and absorption costing are different

Download December 2003 Questions | Answers

Question 1: Overheads apportionment

1(a): Reciprocal method for overheads reapportionment

1(b): Calculating overheads absorption rate selecting suitable basis

Question 2: Break-even charts, Profit-volume charts

2(a): Sketch a break-even chart

2(b): Sketch a profit-volume chart

Question 3: Flexed budget and variance analysis

3(a): Prepare flexed budget and calculate all variances between actual and budgeted figures

3(b): Causes of variances

Question 4: Economic Order Quantity (EOQ)

4(a): Calculate economic order quantity

4(b): Determine savings by buying on EOQ basis instead of current ordering policy

4(c): How bulk order discuount offers affect order policy and stock costs

Question 5: CVP analysis

5): Determine margina revenue and cost using tabular basis and determine selling price that maximises profits.

Download June 2003 Questions | Answers

Question 1: Fixed production overheads variances

1(a): Fixed production overhead expenditure and volume variance

1(b): Fixed production overhead capacity and efficiency variance

Question 2: Business process costing

2(a): Calculate cost of output from process

2(b): Determining profit per unit of joint products

Question 3: Production, Service center and Activity based costing

3(a): Differentiate between production and service centers and treatment of overheads in both cases

3(b): How activity based costing is different from traditional absorption costing system

Question 4: Linear programming

4(a): Formulate objective function

4(b): Determining optimal production plan

Question 5: Investment decisions

5): Appraising three investment options using net present value technique and selecting optimum one.

Download December 2002 Questions | Answers

Question 1: Advertising Expenditure

1(a): Linear regression analysis to forecast expenditures

1(b): Plotting line of best fit

Question 2: Firland Ltd

2): Decision tree analysis

Question 3: Oathall Ltd

3(a): Budgeted profit and loss statement under absorption costing

3(b): Budgeted profit and loss statement under marginal costing

Question 4: Swainsthorpe Ltd

4(a): Advantages and disadvantages of computerized information system

4(b): What is management information system

4(c): Evaluating control systems

Question 5: South Plc

5(a): Calculating return on investment and residual income figures and interpreting the results

5(b): Evaluating performance measurement methods

5(c): Performance evaluation of service oriented organisation

Year-wise CAT T7 Past exam papers and questions analysis

Download June 2011 Questions | Answers

Section A – 10 compulsory MCQs

Section B

Question 1: Marino

1(a): Preparing budget under Zero-based approach

1(b): Advantages and disadvantages of zero-based budgeting

Question 2: Santoro Co

2(a): Different types of standards under standard costing

2(b): Drafting standard cost card

Question 3: Rothstein Co

3): Calculating ratios

Question 4: Diamond Co

4(a): Determining price using cost information based on activity based costing and traditional costing system

4(b): Advantages of introducing ABC system

Download December 2010 Questions | Answers

Section A – 10 compulsory MCQs

Section B

Question 1: Hill Co

1(a): Calculating variances

1(b): Prepare statement reconciling standard and actual results

1(c): Analysing the causes of variances and responsibility

Question 2: Carbone Co

2(a): Calculating performance ratios

2(b): Limitations of financial performance measures

2(c): How performance measurement is different at different levels in organization

Question 3: Conway Co

3(a), (b): Preparing revised budget

3(c): Advantages of rolling budget

Question 4: Devito Co

4): Pricing decisions

Download June 2010 Questions | Answers

Section A – 10 compulsory MCQs

Section B

Question 1: Luca Co

1(a): Operating statement under marginal costing approach

1(b): Explaining the factors to be considered before investigating variances

Question 2: Vito Co

2(a): Estimating figures with index numbers

2(b): Understanding correlation between variables using graph

2(c): Using high-low method to estimate cost

2(d): Forecasting figures

2(e): Identifying trends through graph

Question3: Barzini Co

3(a): Preparing labour budget

3(b): Implementing principal budget factor and revising budget

3(c): Prepare budgeted income statement

3(d): Recommendations for overcoming limiting factor

Question 4: Clemenza Co

4(a): Implications of human behaviour in budgeting

4(b): Analysing budget preparation approach and its implications

Download December 2009 Questions | Answers

Section A – 10 compulsory MCQs

Section B

Question 1: Adams Co

1(a): Preparing flexible budgets

1(b): Calculating simple variances

1(c): Explaining fixed and flexible budget terms and benefit of basing variance analysis on flexed budget

Question 2: Vin Co

2(a): Calculating performance ratios

2(b): Interpreting ratios

2(c): Explaining benchmarking and its different types

Question3: Lee

3(a): Calculating variances

3(b): Revising variances, understanding variances, control actions to eliminate variances

Question 4: Britt Co

4(a): Calculating production cost using activity based costing system

4(b): Prepare budgeted income statement

4(c): Reasoning the difference in profit calculated under marginal costing and activity based costing

4(d): Benefits of using activity based costing

Download June 2009 Questions | Answers

Section A – 10 compulsory MCQs

Section B

Question 1: Bridges Co

1(a): Measuring unit cost under marginal costing technique

1(b): Measuring unit cost under absorption costing technique

1(c): Measuring unit cost under activity based costing

1(d): Target costing and value analysis and its application in cost reduction

Question 2: Sobchack Co

2(a): Studying operation causes of variances (operational variance analysis)

2(b): Calculating variances

Question3: Treehorn

3(a): Preparing budget

3(b): Preparing revised budget

Question 4: Donny Co

4(a): Calculating performance ratios

4(b): Interpreting ratios

4(c): Benefits of using non-financial performance measures

Download December 2008 Questions | Answers

Question 1: Fenster College

1(a): Prepare budgeted income statement

1(b), (c): Decision making

1(d): List non-financial performance measures for educational body

Question 2: Kint Co

2(a), (b): Total quality management

2(c): Decision making

Question3: Keaton Co

3) CVP Analysis

Question 4: Hockney Co

4(a): Preparing sales budget

4(b): Drafting budgeted income statement

4(c): Explanation required for budget related terms; strategic planning, principal budget factor, responsibility accounting

Download June 2008 Questions | Answers

Question 1: Ethan

1(a): Use high-low method to estimate cost

1(b): Prepare standard cost card

1(c): CS ratio and break-even analysis

1(d): Calculating variances

1(e): Explaining the meaning and interrelationship between sales variances

Question 2: Electronics retailer

2): Limiting factor analysis

Question3: Showalter

3(a): Budgeting

3(b): Decision making

Question 4: Brainerd

4(a): Calculating performance ratios

4(b): Interpreting ratios to measure performance

4(c): Reasons for using non-financial measures in assessing performance

Download December 2007 Questions | Answers

Question 1: Torance

1(a): Preparing different budgets

1(b): Briefly explaining different budgeting approaches with their advantages

Question 2: Nicholson

2(a): Calculating performance ratios

2(d): Using balance score card approach to measure performance

Question 3: Kubrik

3(a): Using high-low method to estimate cost

3(b): Fixed overheads variance analysis

3(c): Causes of variances

3(d): Different types of standards under standard costing and their uses.

Question 4: Overlook hotel

4): Decision making

Download June 2007 Questions | Answers

Question 1: Naceur

1(a): Determining cost and price using absorption costing system

1(b): Determining cost and price using activity based costing

1(c): Advantages of activity based costing

1(d): Benefits of ABC over absorption costing

Question 2: Shilton Ltd

2): Limiting factor and decision making

Question 3: Maradona

3(a): Preparing flexible budget

3(b): Calculating variances

3(c): Responsibility centers and performance measurement basis for each center

Question 4: Accounting Technician

Write a note on any two

4(i): Balance scorecard

4(ii): Total quality management

4(iii): Benchmarking

Download December 2006 Questions | Answers

Question 1: Cruyff Hotel

1(a), (b): Basic budgeting

1(c): Preparing flexible budget

1(d): Variance analysis and judging performance

1(e): Zero-based budgeting approach and its advantages

Question 2: Large Multinational Company

2(a): Calculating traceable and controllable return on investment

2(b): Calculate traceable and controllable residual income

2(c): Difference between traceable and controllable return on investment

2(d): Advantages of residual income as performance measure

Question 3: Rep Plc

3(a), (b): Budget preparation

3(c): Uses of sampling methods and their advantages

Question 4: Krol Plc

4(a): Cost benefit analysis of investigation using relevant costing

4(b): Causes of material usage variances

4(c): Use of control charts in variance investigation decisions

Download June 2006 Questions | Answers

Question 1: Tees Plc

1(a): Prepare budgeted profit statement

1(b): Decision making

1(c): What is product life cycle its stages and its importance in sales forecasting

Question 2: Hickman Ltd

2(a): Calculating variances and the statement reconciling standard and actual results

2(b): What is the meaning of controllable and uncontrollable price variances

Question 3: Lewisville

3(a): Calculating performance ratios

3(b): Meaning and interpretation of performance ratios

3(c): Measuring performance using THREE Es approach

Question 4: Rathbone Plc

4): Preparing production and labour budgets

Download December 2005 Questions | Answers

Question 1: Kilkline Hospital

1(a): Identifying principal budget factor

1(b) Preparing income and expenditure budget

1(c) Preparing flexed budget

1(d): Uses of spreadsheets in budgeting

1(e): Balance scorecard approach to performance measurement

Question 2: Bennet Plc

2(a): Determining selling price

2(b): Advantages of activity based costing above traditional systems in setting prices

2(c): Advantages and disadvantages of cost-plus pricing

Question 3: Houchen Ltd

3(a): Calculating variances

3(b): Causes of variances

Question 4: Mabbutt Plc

4): Decision making, relevant costing

Download June 2005 Questions | Answers

Question 1: McDermott Plc

1(a): Calculating different variances

1(b): How variance analysis under absorption costing system and marginal costing system is different

1(c): Limitations of standard costing variance analysis

Question 2: Hughes Plc

2(a): CVP analysis and other related concepts

2(b): Break-even chart

2(c): What is target costing and how is it applied

Question 3: Case Plc

3(a): Restating figures by considering index numbers

3(b): Drawing scattergraph

3(c): High-low method to estimate and forecast

3(d): Factors to consider while forecasting past information

Question 4: Heighway Ltd

4(a): Calculating performance ratios

4(b): Interpreting ratios and recommendations

4(c): Identifying non-financial performance indicators to measure performance

Question 5:

Download December 2004 Questions | Answers

Question 1: Bowyer Ltd

1(a): Benefits of introducing budgetary system

1(b): Limiting factor analysis and profit maximization

1(c): Preparing budgets; Sales, Production and Purchases

1(d): Advantages of top-down and bottom-up approaches of budget setting

Question 2: John Robertson

2): Relevant costing

Question 3: Birtles Plc

3(a): Activity Based Costing

3(b): Setting sale price

3(c): What is life cycle costing and its advantages

Question 4: Francis Plc

4(a): Why use flexible budgets

4(b): Prepared flexed budget and calculate variances

4(c): Factors to consider before initiating investigation on variances

Download June 2004 Questions | Answers

Question 1: Matthews Ltd

1(a): Calculating number of units produced and sold

1(b): Profit and loss statement under marginal costing system

1(c): Limitations of absorption costing system and selection of bonus schemes

1(d): Time series analysis

1(e): Forecasting results

Question 2: Mortensen Plc

2(a): Calculate different cost variances

2(b): Causes of variances

Question 3: Perry Plc

3(a): Calculating residual income

3(b): Advantages of residual income as performance measure

3(c): Advantages of balanced score card model as performance measurement tool

3(d): Identification of critical success factors

Question 4: Taylor Ltd

4(a), (b), (c): CVP analysis

4(d): Total quality management

ACCA F2 Past Papers

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CAT T7 Past Papers

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