L4M2 LO1 Revision Tips
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- čas přidán 7. 08. 2024
- This is a short video of revision tips that is designed to help students who are studying towards CIPS Level 4, Module 2 (L4M2) Defining Business Needs. This covers learning outcome 1 which helps students to understand how to devise a business case for requirements to be sourced from external suppliers. Including how business needs influence procurement decisions, how costs and prices can be estimated for procurement activities, the criteria that can be applied in the creation of a business case and how to interpret financial budgets for the control of purchases.
Just starting out with my CIPS training and starting with L4M2. Im so relieved to have found your page to help me through rather than just reading a book. thank you!!
Welcome aboard!
So thankful I was able to find these videos when starting CIPS!
You are welcome x
Thank you for this. The book 1.1 goes in to huge detail. However, the learning outcome summary is quite straightforward. I feel like the book have over detailed 1.1
Glad it was helpful!
Thank you for sharing the materials, it is very useful for CIPS training for new staff member like me thank you
It's my pleasure
thank you for making it clear , with less detail, much appreciated
Glad it was helpful! good luck with your exams
Thankyou... I passed both 2 and 7...your video really helped... Hope they help equally with 3, 5 and 6 in May.
I hope so too! well done on 2 and 7!
I'll be taking M2 and M7 in March....quite nervous! I passed M1 with a Merit but I'm better at essay style exams. Any tips to help me with revising for an OR exam? Thank you 😊
@@essem7878 any study tips for m1?
I'm writing m2 in May and I'm terried. I notice the questions look more difficult especially when I just completed the advanced Certificate. The multiple choice questions seem very long.
Fab job and im looking forward to watch all the videos in regard to L4 Modules - Thanks =)
Great all of Level 4 is uploaded ready for you. I am working on Level 5 next
I NEED A STUDY BUDDY FOR L4 DO YOU NOT HAVE OLD EXAM PAPERS PLEASE
Moon S Services CIPS do not publish past papers anymore
@@ProcurementStudyBuddy tx 4 letting me know
Moon S Services hi dear
Brilliant - thank you
Glad you enjoyed it
Due to sit my first exam in March; your videos are an absolute godsend! There seems to be quite a lot of financial ratios across level 4, which ones would you recommend focusing on most? Just want to ensure I’m not spending too much time on one thing as there’s so much to learn. Thanks!
The ones to focus on are Gross Profit, Net Profit, Current Ratio, Acid Test/Quick Ratio and Gearing
@@ProcurementStudyBuddy thanks so much.
@@jaycee145 youre welcome
Can you put a short video on what is MCIPS and FCIPS and what should be the career plan for people in the procurement industry for the next 5 years. Studying these levels are important or just getting MCIPS is better
I will look at this in the future
There is a lot of things I liked about it, and it gives a good short guide through the chapter, but the video often jumps forward and back in the subjects which can be confusing if you already read the ebook. Sometimes narration is not clear and she speaks too fast, which can be a problem if English is not your first language and it is a problem if there is a lot to read on the slides. Some slides have too much details on them and they are moved from the screen quickly while others have none and stay for 3 minutes. The issues map is too small to see. A few important topics were not mentioned at all.
I think this is a good summary but feels not comprehensive, perhaps only this chapter which was my first video. Look forward to see the others.
It is still a great help, for me personally it’s more of a reassurance that I didn’t miss something from the book. Thank you.
Thanks for your feedback Kristina. These are just revision videos centered around the learning outcomes rather than parroting things directly from the books. It is intended that you use this alongside your learning from the books rather that instead of the book. They also do ask questions that aren't in the book so I try to add extra material to help you. In terms of speed you can choose to amend the playback speed in the settings to slow it down if you find it too fast. Also I suggest you pause every so often to make notes before going to the next slide.
Many thanks, and it also makes sense. To me personally this one video didn’t add to the book, but it helps organising my thoughts around topics for sure. I still think a bit slower presentation would add, but of course I can pause it. Look forward to watch the others! Thanks for your reply! :)
Grear video. Do you have slides to share with us with these classes?
You are so welcome. Good luck with your exams x I haven't released the PDF slides as I am worried they will be redistributed
@@ProcurementStudyBuddy thank you I have the L4M1 exam scheduled for July 21st. Can you send the slides via email (promise not to share) or it is available in your patreon?
Hii Mam thank you soo much for all your efforts...I have a question 2024 updated syllabus are already added in current videos?
Will upload soon
@@ProcurementStudyBuddy thanks mam so i can start with your current list of level 4 module 1 Videos? I am taking exams for Cips level 4.
Thsnk you so much
You are welcome Kudzai
Hello,
Wondering if you could help with the following question from LO1 1.4:
Explain why an item may have a different value in the profit and loss account, from that in a cash flow statement? Give three examples of items that have such a difference?
Having read back through the topic, I am struggling to understand in what context they mean 'Item'? If referring to product, they do not offer any examlples? Are they actually referring to the varying elements of the Cash Flow Cycle? If you could provide some guidance as to how to understand the context I would be grateful.
Thanks
Chris
The P&L will include accruals for things that haven't been paid for or received yet. Cash flow is based on an actual receipt or payment.
example - an item you have bought that is on 30 days payment terms would not have hit the cash flow statement until it happens but will be accrued on a P&L
Are these still good for the new criteria
Yes not much changed in this module
Hi, would it suffice if I ONLY used your videos for revision? I find the study guides too long and wordy. Would I be able to pass L4M2 if I only used these videos. I find your videos really clear.
I would always recommend reading the book. But obviously it depends on how experienced you are. If you have many years background you might be OK but i would recommend to read the book, even if you skim read it, it will be better
Hi I attempt 2 times but not able to clear this paper. Pls help me
Can you access your performance report?
@@ProcurementStudyBuddy No
@@aatishjava25 please check on mycips next to exam result there should be a performance report
@@ProcurementStudyBuddy 1) Topic I got 40 2nd 50 and 3rd 25
@@aatishjava25 OK so this shows your weakest knowledge is from chapter 3 it will help you to concentrate on that chapter. Make some flash cards to reinforce your learning