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Not exactly, but it was positive of over 400k.
Also had to comment on the use of it, so I said more akin to cash accounting and removes the subjective elements of accrual based accounting.
Also commented on it as being a better measure than ROI and RI and their pitfalls
I said a snapshot of the FS to gauge profitability re the Government, so they can see if they are making money to transfer back to support the other university.
Keep an eye on staff morale through staff surveys for the union, to stop them getting involved and become high powered.
Monitor pass rates to appease the pressure group.
Whoa – people on here saying they calculated KPI’s on Q1?
I thought you had to evaluate the report (I’ve a feeling I’ve critically appraised it). I’ve highlighted what’s good and bad about it and what would enhance it, but haven’t calculated any KPI’s.
Looks like I’m back in December then!
hits123 – I got ($220) for EVA, because I adjusted for $300k in the Capital calculation (full amount of the doubtful debt rather than $200k.
The EVA question wasn’t as detailed as I thought it might be…..and didn’t have a clue how to talk about why it wouldn’t be appropriate for the Company (think I mentioned family business and might not be bothered about cost of equity).
VBM I flunked!!!
Think I did okay on the JIT part (reliance on suppliers, appropriateness of new KPI’s, reducing appraising and increasing quality checks early in the process).
Data Warehouse and role of management accountant…..a bit waffly!!!!
I wouldn’t say the questions were overly hard, but very time pressured (NOT CBE).
Managed to complete all of the questions, but left a couple of questions before making enough points to gain full marks (final part of Q2, where you hard to critically appraise the report – noticed the opinion and basis of opinion weren’t separate and there was no opinion ie Modified or Unmodified).
Last ethics bit I only had 20 minutes left, so rushed it and only put down about 6 of the threats.
Hoping I’ve done enough (1st resit after a 48% last time!)
I put something along those lines and mentioned an Intrapreneurship model as a remedy.
Think positive- of course you can…it just makes things a little harder!
You won’t want to hear this, but the last question was possibly quick easy marks…I only had 20 minutes left and managed to fill every box and hopefully picked up a few marks.
My problem was not using Tucker for the ethical part….easy marks again for stating the obvious!!!
Good luck – hope we’ve both passed.
I mentioned that they should try and get another opinion from a different independent expert, as it was currently 1 historians word against another.
I also said that it would be the author whose reputation would be damaged more than the publishers, and that they should put a disclaimer in the book stating that the facts were those of the authors. Probably wrong, but thought I might get that all important mark for it.
I managed to mention intrapreneurship….don’t know where it came from, but something in my grey matter recalled it for explaining how they can improve moral and reward those with good ideas….I think I should be given a pass just for that!!! ??
