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pass 68% 1st attempt, my tips for passing never use a study book for F8 it is very hard to get through, OT notes and lectures has everything you need and of course lots of question practice from exams or revision kit. On exam you must always apply answers to scenario in the question so do not write general rules it won’t help. When you study do not try to remember rules but try to understand them.
Big Thank you to OT you are amazing.
previous share price was 2$, 6m new shares at 1$ nominal value and increase in share premium by 6 milion, previous year share premium was nil. So 6m at 1$ goes to share capital and if 6 m to share premium so must have been 2 $ all together.
Oh yes so I did wrong, it couldn`t be in perpetuity cause investment useful life was only 10 years, but I think only this I did wrong.
after 4 years was in perpetuity. I calculated cash flow after tax at discount 1/11% and 1 years to infinity but than I deducted 1-4 years 11% after tax cash flows. It gave few millions of additional present value and overall made project profitable.
Yes it was easy paper, nothing really tricky in the questions, I am actually really surprised.
Thank you for you answer, I think this site is of a great help and your lectures are very clear to follow.
I will check if they asked about discounted payback period or not.
However it still would confuse me because of what I learned payback method does not recognize time value of money and this is one of this method`s drawbacks.
I read the comments after exams how hard ,tricky and unfair it was and one thing comes to my mind, this qualifications are not for everybody !
I passed F5 high after first attempt and I only started ACCA because I knew I was capable of doing it.
@wasiq8989 said:
HI ,, can u tell me what topics were examined in f5 sep2015 attempt? i will sit for dec2015 so i want to get some idea about the main topics the examiner covered .. plz guide me thanks in advanceHi,
From what I recall:
– 10 marks cost gap – the steps in process
– 10 marks – minimax regret decision rule, very tricky
– 15 marks- breakeven chart (drawing chart) calculate breakeven point, margin of safety etc.
– 15 marks – planning and operational variances,@rednumbers said:
Mike0943I used Open Tuition and BPP revision kit. I would say practice questions half the battle . Everything I read said time would be a big factor to watch and it is , ensure you have a strategy including best use of 15 mins reading time . Theory just as important as calculations on this one ! Also questions themselves are lengthy in text so take time to break them down , a minor piece of information amidst all that text can be vital . In relation to answers, I followed BPP the most , but I think when listing reasons just keep reasonably short, to the point and very often required to reference to case study in question . Also as someone else mentioned, be a harsh marker !! The best of luck !
Hi,
From what I recall:
– 10 marks cost gap – the steps in process
– 10 marks – minimax regret decision rule, very tricky
– 15 marks- breakeven chart (drawing chart) calculate breakeven point, margin of safety etc.
– 15 marks – planning and operational variances,First attempt and passed with 60 marks.
BPP study book and revision kit (go through like 3 times), I used opentuition lectures and notes as well, but not as a main source.@nishmaster said:
Hey all,Demand not given in the Flowers question, but all you had to do, well I think this is right,is to multiply 500 supply by 5.20 per bunch and then 500 by 1.80 and add up…same for 550, 600 and 650.
Then for the ones where demand was more than supply you had to find lost contribution of the bunches that could have been sold.
The multi product breakeven should have been 5 lines – one from fixed cost to breakevenm then one each for C, T and R, each line getting less steep, then a line for constant mix going from fixed costs to the end of the last line.
The MCQ’s were slightly unfair – really surprised that there was even a graph for one of the questions!
Overall an OK but unfair paper with a few very complicated questions such as the flowers question!!!
I think the lost contribution didn`t matter. If you supplied 600 but were sold only 500 this means that contribution was 500*5.20 – 600*1.80.
@abuzer said:
I know I should pass them all but my question is can I do F5 later and Just try different paper Like F7 or F8 or F9 because I tried F5 three times but I didn’t go through.
I’m really I need someone to advise me.
I will be appreciated it.I think the lost contribution didn`t matter. If you supplied 600 but were sold only 500 this means that contribution was 500*5.20 – 600*1.80.
@siknagudruole said:
Kaplan revision kit-Labour is in short of supply so it is an opportunity cos +contribution forgone. I have posted exampe from open tuition notes in my previous post showing both cost should be included, so it is 110. Two of them cant be wrong.BBP study Book has the similar example and the labour cost is relevant cost plus contribution forgone. I know it doesn`t seem to be logical but this is how it is. Who got 110$ got it right.
Probably it will gain marks bcs the charts showing different approach but at the end BE is shown at the same point.
110$ in relevant cost is the right answer and end of story.
They were saying that workforce is working in full capacity so relevant cost in this case must include variable labour hour cost plus any associated variable overheads (weren`t mentioned so 0) and any contribution forgone.
If workforce was not working in full capacity than the labour cost wouldn`t be relevant if they are paid anyway.
All other information about strike were just distracting from getting the right answer.
Examiner was asking for breakeven chart this is where the total revenue line cross the total cost line, for multiple products you must cumulate units, costs and revenue and then draw lines, this is normal chart not cvp.
the next subquestion was what would happen if the products were sold starting from the most profitable first, when you draw cvp you start from the most profitable one so they wouldn`t ask for this if you had to draw cvp chart.