Sai Manikanta Pedamallu

Relevant to F1, F5, F7, F8, P2, P3 and P5 The term ‘charity’ refers to the practice of benevolent giving. Charities are established for general or specific philanthropic purposes. They are one type of not‑for‑profit organisation, but with several additional distinguishing features: they exist entirely to benefit defined groups in society as their purposes are philanthropic, they can usually avail […]

Relevant to F1, F5, F7, F8, P2, P3 and P5 Several exams in the ACCA Qualification may feature questions on not-for‑profit organisations. Although many of the principles of management and organisation apply to most business models, not-for-profit organisations have numerous features that distinguish them from the profit maximising organisations often assumed in conventional economic theory. This article explains some of

Some tips to help alleviate students’ fears of variance analysis Since long ago, variance analysis has been an area that evokes fear in students worldwide. Students enter the exam hall, desperately running through the formulae used to calculate all the different variances, fearful of forgetting them before they have managed to put pen to paper. Then the inevitable happens: they

The purpose of this article is twofold: first, it is to summarise the history of the learning curve effect and help candidates understand why it is important. Second, it is to look at what past learning curve questions have required of candidates and to clarify how future questions may go beyond this. A brief history of the learning curve In

This article critically evaluates the two main methods for preparing budgets – the incremental approach and the zero-based approach. The budgeting process is an essential component of management control systems, as it provides a system of planning, coordination and control for management. It is often an arduous process, however, and often strikes dread in the hearts of those involved in

This article provides a step-by-step approach to decision trees, using a simple example to guide you through. There is no universal set of symbols used when drawing a decision tree but the most common ones that we tend to come across in accountancy education are squares (□), which are used to represent ‘decisions’ and circles (○), which are used to

This article introduces the concepts of risk and uncertainty together with the use of probabilities in calculating both expected values and measures of dispersion. Relevant to MA, PM, AFM and APM Clearly, risk permeates most aspects of corporate decision-making (and life in general), and few can predict with any precision what the future holds in store.  Risk can take myriad

Decision making is an important aspect of the Performance Management syllabus, and questions on this topic will be common. The range of possible questions is considerable, but this article will focus on only one: linear programming The ideas presented in this article are based on a simple example. Suppose a profit-seeking firm has two constraints: labour, limited to 16,000 hours,

Cost-volume-profit analysis looks primarily at the effects of differing levels of activity on the financial results of a business In any business, or, indeed, in life in general, hindsight is a beautiful thing. If only we could look into a crystal ball and find out exactly how many customers were going to buy our product, we would be able to

Environmental management accounting is part of the Performance Management syllabus and requires students to describe the issues businesses face in managing environmental costs, and the different methods they may use to account for these. A member of the Performance Management examining team provides students with an introduction to environmental management accounting The two requirements of the Performance Management syllabus are