[belle]

It is profit before interest and tax.

Following is an extract from BPP text book page 253:

Return on investment (ROI) is a form of ROCE and is calculated as:

Profit before interest and tax x 100

---

Operations management capital employed

Profit is taken before tax and interest because tax is an appropriation of profit made from the use of the investment, and the introduction of interest charges introduces the effect of financing decisions into an appraisal of operating performance.

[belle]

I’ve done 4 & 6.

I know ACCA has examples for certain objectives but it doesn’t very much relate to my current role. My role is more entry level. Can you give me some examples for objectives 1 to 3?

Meanwhile, I’m planning to do objective 5 & 7.

[belle]

I’ve done two. In fact, I need help either. I’m hoping ACCA could provide more examples. Not sure if we can have a forum for PER?

[belle]

Hi Muhammad,

your advice is a really good guide. At least now I know how much time I need to prepare for my P5.

However, it sounds like I can take only 1 paper for this sitting. I was thinking to take P7 together with P5 .

[belle]

Blue, thank you so much.

I’ll study harder this time. I just read the examiner’s report. I reckon I need to improve my analysis skill to make my answer look much better.

Thanks again. Cheers 🙂

[belle]

Hi Blue,

I studied Kaplan text book, revision kit and examiner’s articles. However, I still failed with 42.

I didn’t have time management problem. I’m thinking if my knowledge is not good enough to pass P5 or the way I answered questions was not right. I knew calculation is my weakness as well.

Can you give me any guidance? Thanks.

@blue said:
How to pass P5

I see a lot of advice goin around on how to pass this paper. I got the world prize for this (not at this sitting) so thought my two cents might be worth something.
-read the FTC text book and revision kit: text book is pretty tiny but its more than enough (i’ve always found BPP too bulky though they’re ok for some of the more theory oriented papers and get thru guides have never been my style)
-MOST IMPORTANT: read the examiners articles in the student accountant. The examiner here is basically telling you wat he wants in these and you’ve got to be crazy to not read these. It’s almost like the answers to the exam!
-go through the past papers. practice a few. I was too lazy to actually do the questions…i usually just read the answers.
-i did p3 at the same time and it helped alot coz a lot of the models were the same.
-the questions are not straightforward. Dont panic at the exam. Sit, read, think. Dont regurgitate wat you learnt in the book. Apply the principles in the models and theories to the questions.
-Dont write too much. People write like 5 booklets sometimes. the examiner is goin to get sick of reading all your (mostly off point) answers. Stick to the point. Be direct. Write your reasoning down.

[belle]

I failed P5 as well. Really got no idea about P5. Please give me some advices of passing P5. Thank you.

[belle]

Not very happy with the questions. I don’t know what the examiner wants. If I fail, I don’t know what I can do to improve 🙁

[belle]

sosologos and princeacid,

your approaches have enlightened me 🙂 Thank you.

[belle]

I agree we should do part B first to get as more marks as we can. Having say that, I think question 1 is also quite worthwhile for me to do some planning before the exam. Question 1 is always about the same as we need to calculate and then give comment on the company performance. Having planning the format of answer I would not stress out during the exam.

sosologos,

you quoted “Instead, you should discuss the economic underpinnings, the implications, and the validity of the numbers.”

can you give me some examples? Thank you.

Quote:

Quote:

[belle]

Hi Navar, Can I also have the question & answer? my e-mail is vvlpp@hotmail.com. Thank you very much.

[Author]

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