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Passed 72% and my ACCA journey is now over! Such a relief and a sense of accomplishment 🙂
I mentioned :
– Get the basics right (review customers’ negative feedback)
– Social media regular posts and communication
– Interactive elements on the website where readers can review and talk about books
– Development of a Mobile App
– Subscription link and following email communication@Hebist said:
Yes I did for professional ethical issues. But what was the commercial ethical issue?I said “ethical and commercial issues” so commercial issues will include loss of reputation, recall costs, potential litigation for misquoting other authors” etc.
Coming soon was a part of the digital portal presentation (at the very bottom) and it mentioned about the future exiting developments, engagement with customers and mobile app.
Can’t remember for how many marks, but the third director proposed to assess the whole organisation and all its divisions on both types of risk (business and financial). I have mentioned director one focusing on financial risk (reducing debt) and director two on business risk (entering new sector) while actually both should be considered..
Just saw some comments of not including advertising costs… but I havent noticed anything apart from two different costs depending on the price.
Essem, I don’t think there was anything to do with relevant costing in the TP question. But I might be wrong…
Q1 – quite a few calculations but really straight forward. Price of X hasn’t changed much, only few pence, price of Y has decreased, therefore volume of the sales will increase as well as revenue (elastic demand), price of Z increased, however because the demand is inelastic, volume will not change much, and revenue will increase due to higher prices.Q2 – linear programming, optimal point on the line Build and Y<66000.
Found it difficult to identify slack, I was thinking only about direct labour, so said there was no slack. However now I think that the maximum demand for Y would be non critical constraint.Q3 – straightforward ratios. When analyzing the financial performance I have pointed at COS as an important element that should be looked into as the Gearbox division had a really high 60% cos compared to others of 30-5%
For the transfer price I took the cost of £7550 (if I remember correctly), 40% of it would be variable cost – minimum TP accepted, -5% the maximum price accepted. No idea whether that is any close to the truth.Q4 – I calculated all 6 profits separately (however I haven’t noticed anything about advertising costs saying it shouldn’t be included in any?) maximin rule, I have compared two of the worst profits and chose the higher one. In both the same option was selected.
Q5 – this one I found really difficult, didn’t really calculate the variance, didn’t explain the definitions…. I did make an attempt to analyze budgeted sales compared to actual and tried to link this to the scenario.
I really hope this will be enough!