1. The document provides a suggested study guide for the October 2023 Level II Cost and Performance Analysis (LECPA) exam. It outlines 17 topics to be completed under the Masters in Accounting Studies (MAS) program.
2. It recommends dedicating a specific day per week to MAS and provides steps for self-study including reading notes, watching lectures and drills, attending consultations, and contacting reviewers for help.
3. Two schedules are suggested - a fast-paced schedule completing all topics by August, and a slower schedule extending through September, with opportunities for catch-up built in.
Original Description:
Original Title
MAS - Suggested study guide for October 2023 LECPA
1. The document provides a suggested study guide for the October 2023 Level II Cost and Performance Analysis (LECPA) exam. It outlines 17 topics to be completed under the Masters in Accounting Studies (MAS) program.
2. It recommends dedicating a specific day per week to MAS and provides steps for self-study including reading notes, watching lectures and drills, attending consultations, and contacting reviewers for help.
3. Two schedules are suggested - a fast-paced schedule completing all topics by August, and a slower schedule extending through September, with opportunities for catch-up built in.
1. The document provides a suggested study guide for the October 2023 Level II Cost and Performance Analysis (LECPA) exam. It outlines 17 topics to be completed under the Masters in Accounting Studies (MAS) program.
2. It recommends dedicating a specific day per week to MAS and provides steps for self-study including reading notes, watching lectures and drills, attending consultations, and contacting reviewers for help.
3. Two schedules are suggested - a fast-paced schedule completing all topics by August, and a slower schedule extending through September, with opportunities for catch-up built in.
(Designate a specific day of the week devoted for MAS)
Suggested steps to master MAS
1 Read the concept notes to gain a bird's eye view of topic coverage and master the basics 2 Watch the recorded lectures simultaneously with the handouts 3 Answer the drills in the handouts before watching the video discussion of answers 4 Watch the video discussion of drill questions and learn new approaches. Focus on your wrong answers and analyze your mistakes. 5 Answer on-line quizzers to test your proficiency. Also develop your speed, accuracy, and endurance. 6 Attend bi-monthly consultations to validate learnings and to clarify topics you deem difficult. Make sure you answer the bi-monthly drills before the live session.
7 Feel free to message your reviewer for further concerns.
n.b. The above steps can be modified based on your personal learning styles. You know what will work best for you.
The following is the suggested completion of the topics under MAS. Choose which will work best for you. You can also modify while you progress.
Topic # Title FAST PACED SLOW PACED
1 Basic Considerations in MAS 2 Variable and Absorption Costing Month Week # Topic Month Week # Topic 3 CVP and BEP Analysis May 3 Basic Considerations in MAS April 1 Basic Considerations in MAS 4 FS Analysis 4 Variable and Absorption Costing 2 Holy Week - Do Soul Searching. 5 Budgeting 3 Variable and Absorption Costing 6 Standard Cost and Variances June 1 CVP and BEP Analysis 4 CVP and BEP Analysis 7 Performance Evaluation 2 FS Analysis 8 Pricing Decisions 3 Budgeting 9 Relevant Costing 4 Standard Cost and Variances May 1 Catch-up back-log on the topics covered 10 Quantitative Techniques 5 Performance Evaluation 2 FS Analysis 11 Financial Markets 3 Budgeting 12 Working Capital Management July 1 Relevant Costing 4 Standard Cost and Variances 13 Short-term Financing 2 First Pre-board 14 Long-term Financing 3 Pricing Decisions June 1 Catch-up back-log on the topics covered 15 Capital Budgeting 4 Quantitative Techniques 2 Performance Evaluation 16 Risk and Return 3 Pricing Decisions 17 Economics August 1 Financial Markets 4 Relevant Costing 2 Working Capital Management 5 Catch-up back-log on the topics covered 3 Short-term Financing 4 Long-term Financing July 1 Quantitative Techniques 5 Capital Budgeting 2 First Pre-board 3 Catch-up back-log on the topics covered September 1 Risk and Return 4 Financial Markets 2 Economics 3 Final Pre-board August 1 Working Capital Management 4 Pre-week 2 Short-term Financing 3 Long-term Financing October 1 LECPA 4 Catch-up back-log on the topics covered 5 Capital Budgeting