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@princess16 said:
@ds3ce That sounds like a good idea and one that i shall use for my resit!
I should have put down what i thought instead of over thinking it and wasting valuable time!
Q1 asked for 3 new performance measures using the info given in appendix 1 didnt it? Which is why i couldnt get my head around what to use. My obvious choice would have been the online sales measures but as they always say to ‘answer the question asked’ i disregarded these. Maybe i fell into the classic trap of not reading the question carefully too!No I think you’re right. I wanted to put down online revenue / total revenue but since the question asked to calculate the suggested measure and there was no information about online sales in the appendix, I ignored this and chose revenue / floor space and some employee ratios.
@sokty said:
Anyway, how was Q4? What is it about? I just look at the marks and notice only 2 questions there, so not dare to do since may not be able to break down requirements.Can anyone give me some answers to that?
Q4 was a question about evaluating the budget setting process at a manufacturing company. I wrote it’s correct to use incremental budget as external environment is not rapidly changing + criticise not planning more challenging targets and monitor external environment.
Part b was about finishing analysis of material variance, wrote they need to break it down by purchase volume and price variance + planning and operational variance but wasn’t sure how to do this.
Question also asked to give brief analysis of other variances like labour rate and efficiency and recommend improvement to avoid this. I had to keep this quite brief as I was running out of time.I feel the exam went quite well, it was considerable easier than the March sitting.
Q1 was typical P5 question: analyse performance report, recommend measures, etc. I really liked big data, there was a lot to talk about, however there was always a risk of talking about business analysis (P3) rather than performance management (P5). I slightly ran out of time in part a and b, so I skipped part c, not sure what to write anyway.
Q2 was straightforward with lots of easy calculations and application marks. I think I repeated myself a littlevin part a and b, on why it’s important to separate performance measurement for division and manager.
Q3 – skipped this as I didn’t revise argenti score at all considering I havent seen it examined in past papers before.
Q4 was a question about evaluating the budget setting process at a manufacturing company. I wrote it’s correct to use incremental budget as external environment is not rapidly changing + criticise not planning more challenging targets and monitor external environment.
Part b was about finishing analysis of material variance, wrote they need to break it down by purchase volume and price variance + planning and operational variance but wasn’t sure how to do this.
Question also asked to give brief analysis of other variances like labour rate and efficiency and recommend improvement to avoid this. I had to keep this quite brief as I was running out of time.
Has anyone else attempted Q4?Good luck everyone!