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ACCT3583 MANAGEMENT ACCOUNTING 

Sample Exam Questions

Final Exam Sample Questions

To aid your final exam preparations, attached is a selection of past final exam questions
relevant to the topics covered in MA2.

Before you attempt these sample questions, please note that:
• We strongly encourage you to attempt these questions under “exam conditions” – give
yourself approximately 2 minutes per mark. Even if you think the questions are easy, you
should try them anyway as often it is much harder to attempt the question under time
pressure.
• We encourage you to attempt these questions and then review the guides for the solutions.
• You can then bring your answers along to our consultation time. We will then look at
your answers and give you some constructive comments.
• You must attempt the questions BEFORE you come to our consultation – our comments
will be based on your written answers.
2
Question 1 [18 Marks]

QuikSpeed Ltd is an Australian company that is in the business of designing, developing,
producing, and marketing athletic footwear and sporting apparel. An organisation chart,
outlining the main categories of activity in the QuikSpeed business, is provided in Figure 1
below.

Figure 1: QuikSpeed Organisation Chart

Chairman and Board of Directors
CEO
(Gordon Speed)
Procurement & Logistics
• Sourcing raw materials
• Inbound logistics
• Warehousing
• Outbound logistics
Research & Development
• Product aesthetics
• Technological R&D
Corporate Services
• Legal services
• Accounting
• Information
technology support
Sales & Marketing
• Negotiation and management of
retail distributors
• Product marketing
• Intra-corporate communications
Manufacturing
• Production of all
athletic footwear
and sporting
apparel
Retail Sales
• Online Sales
• Management of
concept stores (1)
• Management of
discount factory
stores (2)
Human Resources
• Recruitment
• Training
• Performance Appraisal

(1) Concept stores are QuikSpeed branded retail outlets, which only stock QuikSpeed
products and, according to Gordon Speed, aim to provide a "veritable retail sports arena
of information about QuikSpeed products and sports heritage, and an inspiration for the
athlete in everybody."

(2) Discount factory stores are retail outlets that sell discontinued lines of QuikSpeed
products at discounted prices.


QuikSpeed is gaining acceptance in the Australian market as a high-quality provider of
innovative and technologically superior sportswear. As a result, the business is growing
rapidly.

As an Australian owned company, QuikSpeed has devoted itself to manufacturing its
products in-house, thereby keeping Australians employed and maintaining full control over
design and production activities. The CEO and founder of QuikSpeed, Gordon Speed, is a
staunch advocate of this operational approach and has openly promoted this quality of their
business in the marketplace. However, keeping all operating activities in-house is
increasingly becoming a constraint on the business. For example, QuikSpeed is finding it
more difficult to keep up with the growing demand for its products.