FEBNM case studies
FEBNM · Put your knowledge to work in context.
FEBNM is a professional certification exam spanning eight subject domains, from financial accounting and reporting through management accounting, business finance, economics, business law, taxation, auditing and internal control, and business strategy and governance. It is aimed at candidates who need broad, cross-functional business and finance competence rather than deep specialisation in a single discipline: finance staff moving into general management, accountants expanding into strategy and economics, and graduates preparing for roles where financial reporting, cost control, regulation and governance all intersect. The FEBNM case studies are 5 cases and about 3,968 words.
1Marlow Industrial: Packaging Line with Holdback and Acceptance Test
Marlow Industrial Ltd signed a contract on 1 October 20X5 to supply an automated packaging line to a food manufacturer for a total price of 560,000. The contract lists three elements: the machine (stand-alone selling price 480,000), installation and commissioning (stand-alone price 45,000) and a three-year remote diagnostics service (stand-alone price 36,000 a year).
772 words, about 4 min2Garrity Components: Outsourcing GX-4 with an Alternative Use of Space
Garrity Components makes 40,000 units a year of part GX-4 for its own assembly division. At that volume the unit cost is: direct materials 6.20, direct labour 4.10, variable overhead 2.30 and fixed overhead 5.00 (absorbed on direct labour hours), giving 17.60.
754 words, about 4 min3Halden Group: Divisional WACC and a Marginal Distribution Hub
Halden Group is appraising a 24 million distribution hub. The group's target capital structure is 40% debt and 60% equity at market values.
770 words, about 4 min4Corvane Ltd: Uncertain Tax Position and Deferred Tax on Restricted Losses
Corvane Ltd has profit before tax of 4.2 million for the year ended 31 December 20X5. The draft accounts include a 900,000 deduction for management services charged by a foreign affiliate.
801 words, about 4 min5Vellick Fabrication: Covenant Waiver, Customer Loss and a Going Concern Dispute
Vellick Fabrication Ltd is a private manufacturer with revenue of 58 million and a 31 December 20X5 year-end. The audit partner records the following.
871 words, about 4 min