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Enterprice Management 2012-2013 (EM)

Enterprice Management 2012-2013 (EM)

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CIMA - Enterprice Management (EM) 2012-2013
CIMA - Enterprice Management (EM) 2012-2013

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Published by: Manoj Darshana Masakorala on May 11, 2014
Copyright:Traditional Copyright: All rights reserved


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Paper Introduction
How to Use the Materials
These Official CIMA learning materials brought to you by Elsevier/CIMAPublishing and Kaplan Publishing have been carefully designed to make your learning experience as easy as possible and to give you the best chances of success in your
'Enterprise Management' 
 computer based assessments.The product range contains a number of features to help you in the studyprocess. They include:
a detailed explanation of all syllabus areas;
extensive 'practical' materials;
generous question practice, together with full solutions;
an exam preparation section, including a suggested approach on how totackle the pre-seen information, both before and during the examThis Study Text has been designed with the needs of home-study and distance-learning candidates in mind. Such students require very full coverage of thesyllabus topics, and also the facility to undertake extensive question practice.However, the Study Text is also ideal for fully taught courses.This main body of the text is divided into a number of chapters, each of which isorganised on the following pattern:
Detailed learning outcomes
 expected after your studies of the chapter arecomplete. You should assimilate these before beginning detailed work onthe chapter, so that you can appreciate where your studies are leading.
Step-by-step topic coverage
. This is the heart of each chapter, containingdetailed explanatory text supported where appropriate by worked examplesand exercises. You should work carefully through this section, ensuring thatyou understand the material being explained and can tackle the examplesand exercises successfully. Remember that in many cases knowledge iscumulative: if you fail to digest earlier material thoroughly, you may struggleto understand later chapters.
. Some chapters are illustrated by more practical elements, suchas comments and questions designed to stimulate discussion.
Question practice
. The test of how well you have learned the material is your ability to tackle exam-style questions. Make a serious attempt at producingyour own answers, but at this stage do not be too concerned aboutattempting the questions in exam conditions. In particular, it is moreimportant to absorb the material thoroughly by completing a full solution thanto observe the time limits that would apply in the actual exam.
. Avoid the temptation merely to 'audit' the solutions provided. It isan illusion to think that this provides the same benefits as you would gainfrom a serious attempt of your own. However, if you are struggling to getstarted on a question you should read the introductory guidance provided atthe beginning of the solution, where provided, and then make your ownattempt before referring back to the full solution.The final two chapters of this Study Text provide you with the guidance youneed. They include the following features:
 A brief guide to revision technique.
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 A note on the format of the exam. You should know what to expect when youtackle the real exam, and in particular the number of questions to attempt.
Guidance on how to tackle the exam itself.
 A table mapping revision questions to the syllabus learning outcomesallowing you to quickly identify questions by subject area.
Revision questions. These are of exam standard and should be tackled inexam conditions, especially as regards the time allocation.
Solutions to the revision questions.
Two mock exam.You should plan to attempt the sample paper just before the date of the realexam. By this stage your revision should be complete and you should be able toattempt the sample paper within the time constraints of the real exam.If you work conscientiously through the official CIMA Study Text according to theguidelines above you will be giving yourself an excellent chance of success inyour exam. Good luck with your studies!
Icon ExplanationsDefinition
 – these sections explain important areas of knowledge which mustbe understood and reproduced in an exam environment.
Key Point
 – identifies topics which are key to success and are often examined.
Supplementary reading
 – indentifies a more detailed explanation of keyterms, these sections will help to provide a deeper understanding of core areas.Reference to this text is vital when self studying.
Test Your Understanding
 – following key points and definitions are exerciseswhich give the opportunity to assess the understanding of these core areas.
 – to help develop an understanding of particular topics. Theillustrative exercises are useful in preparing for the Test your understandingexercises.
Exclamation Mark
 – this symbol signifies a topic which can be more difficult tounderstand, when reviewing these areas care should be taken.
Study technique
Passing exams is partly a matter of intellectual ability, but however accomplished you are in that respect you can improve your chances significantlyby the use of appropriate study and revision techniques. In this section webriefly outline some tips for effective study during the earlier stages of your approach to the exam. Later in the text we mention some techniques that you willfind useful at the revision stage.
To begin with, formal planning is essential to get the best return from the timeyou spend studying. Estimate how much time in total you are going to need for each subject you are studying for the Certificate in Business Accounting.Remember that you need to allow time for revision as well as for initial study of the material. You may find it helpful to read "Pass First Time!" second edition byDavid R. Harris ISBN 978-1-85617-798-6. This book will provide you withproven study techniques. Chapter by chapter it covers the building blocks of successful learning and examination techniques. This is the ultimate guide topassing your CIMA exams, written by a past CIMA examiner and shows youhow to earn all the marks you deserve, and explains how to avoid the mostcommon pitfalls. You may also find "The E Word: Kaplan's Guide to Passing
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Exams" by Stuart Pedley-Smith ISBN: 978-0-85732-205-0 helpful. StuartPedley-Smith is a senior lecturer at Kaplan Financial and a qualified accountantspecialising in financial management. His natural curiosity and wider interestshave led him to look beyond the technical content of financial management tothe processes and journey that we call education. He has become fascinatedby the whole process of learning and the exam skills and techniques thatcontribute towards success in the classroom. This book is for anyone who hasto sit an exam and wants to give themselves a better chance of passing. It iseasy to read, written in a common sense style and full of anecdotes, facts, andpractical tips. It also contains synopses of interviews with people involved in thelearning and examining process.With your study material before you, decide which chapters you are going tostudy in each week, and which weeks you will devote to revision and finalquestion practice.Prepare a written schedule summarising the above and stick to it!It is essential to know your syllabus. As your studies progress you will becomemore familiar with how long it takes to cover topics in sufficient depth. Youtimetable may need to be adapted to allocate enough time for the wholesyllabus.Students are advised to refer to the notice of examinable legislation publishedregularly in CIMA’s magazine (Financial Management), the students e-newsletter (Velocity) and on the CIMA website, to ensure they are up-to-date.The amount of space allocated to a topic in the Study Text is not a very goodguide as to how long it will take you. For example, the material relating to Section A 'Basic Mathematics' and Section C 'Summarising and Analysing Data' eachaccount for 15% of the syllabus, but the latter has more pages because thereare more illustrations, which take up more space. The syllabus weighting is thebetter guide as to how long you should spend on a syllabus topic.
Tips for effective studying
(1)Aim to find a quiet and undisturbed location for your study, and plan as far aspossible to use the same period of time each day. Getting into a routinehelps to avoid wasting time. Make sure that you have all the materials youneed before you begin so as to minimise interruptions.(2)Store all your materials in one place, so that you do not waste time searchingfor items around your accommodation. If you have to pack everything awayafter each study period, keep them in a box, or even a suitcase, which willnot be disturbed until the next time.(3)Limit distractions. To make the most effective use of your study periods youshould be able to apply total concentration, so turn off all entertainmentequipment, set your phones to message mode, and put up your 'do notdisturb' sign.(4)Your timetable will tell you which topic to study. However, before diving inand becoming engrossed in the finer points, make sure you have an overallpicture of all the areas that need to be covered by the end of that session. After an hour, allow yourself a short break and move away from your StudyText. With experience, you will learn to assess the pace you need to work at.(5)Work carefully through a chapter, making notes as you go. When you havecovered a suitable amount of material, vary the pattern by attempting apractice question. When you have finished your attempt, make notes of anymistakes you made, or any areas that you failed to cover or covered morebriefly.(6)Make notes as you study, and discover the techniques that work best for you. Your notes may be in the form of lists, bullet points, diagrams,summaries, 'mind maps', or the written word, but remember that you willneed to refer back to them at a later date, so they must be intelligible. If youare on a taught course, make sure you highlight any issues you would like tofollow up with your lecturer.(7)Organise your notes. Make sure that all your notes, calculations etc can be

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