Chapter learning objectives
When you have completed this chapter, you should be able to recognise how underlying strategic management accounting knowledge areas could be applied within the case study.
In previous chapters you were introduced to the concept of scenarios and tasks and in chapter 6 we helped you to prepare and analyse the pre-seen information for the practice exam—Cast. Before we think about the exam day itself, we will do some practice exercises which will help you prepare for as many different scenarios as possible arising in the exam. This will also give you an opportunity to review some key topics and consider how they may be applied to the scenario. It is crucial that you go through this process to fully prepare yourself for the exam.
However, you need to be careful—this is not an exercise in question spotting. We are aiming to review the knowledge required and practise the skills needed to perform well in any exam rather than guess what may come up. Any set of pre-seen exhibits can give rise to a huge range of possible tasks—we have only provided a sample here.
Once you understand the competencies by which this exam will be marked, and have thoroughly prepared the pre-seen information produced in chapter 4, then you are ready to continue with these exercises. Each task begins with a small scenario (or trigger) to introduce the topic and set the scene. You should be using the skills discussed in chapter ...