APM Specimen Sept 2026 onwards Section A (2/2) Cost Gap Reduction - Incremental Budgeting, Kaizen

APM Specimen Sept 2026 onwards Section A (2/2) Thank you for your interest. Today we focus on "Cost Gap Reduction – Incremental Budgeting, Kaizen costing, Cost of Quality of Ealach", part of Section A for the APM Specimen Sept 2026 Onwards (available to view at the ACCA Practice Platform). Incremental Budgeting: Application of a certain percentage % to increase or decrease both revenue, costs etc. of the organization for the budgeting from the last year amounts for the current year. Kaizen Costing: Application of the Japanese Costing method in minimizing the costs in a lower manner as a continuous cost reduction effort. Cost of Quality: Application of the conformance and non-conformance costs to manage the costs such as prevention, appraisal, internal failure, and external failure aspects. Part 2: The APM Narrative Writing Formula Please note that the narrative question seems challenging since it requires you to think and link back the APM knowledge to the situation of the organization, hence, I encourage you to apply the below formula: (Component of APM Knowledge) + (A fact relevant to the knowledge from the scenario) + (A further explanation on the implication or effect of the previous points) Part 3: Sign-Off & Call-to-Action Always welcome to ask me via the LinkedIn Connection for any other ACCA related matters. Thank you. Warm regards, Kong Jeng Wang ACCA APM Tutor