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Passed first time with 50 after barely studying after a personal loss. Maybe submitting a mitigating circumstance helped as I didn’t want to postpone the exam. The exam felt pretty straightforward so I was expecting higher marks as I also passed PM with 74 a year before, but I’m relieved I can just move on to the last paper (AFM).
kiran19 wrote:the last part was about bonus system.
Yes! Exactly. Number of journeys and online sales. So annoying.
cubeddd wrote:Oh wow, I noticed when I was done with Eilt company that it was spelt “Eilt” and not “Elit”. I started to change all references one by one then I figured out something and was amazed, they exam has a Find and replace function with CTRL + F!!! So basically used that to change the remaining references from “Elit” to “Eilt”. Time-saving but I don’t think there would be any loss of marks with the wrong spelling.
I got
Q1 Eilt – KPIs, NFPIs, Brand awareness and Brand Loyalty, Big data
Q2 ZSD schools or so – VFM, League table
Q3 Dornell – Performance pyramid and Indicators and something else.It was truly easy but time-management was poor :(. Hope I did enough though.
Oh wow, I noticed when I was done with Eilt company that it was spelt “Eilt” and not “Elit”. I started to change all references one by one then I figured out something and was amazed, they exam has a Find and replace function with CTRL + F!!! So basically used that to change the remaining references from “Elit” to “Eilt”. Time-saving but I don’t think there would be any loss of marks with the wrong spelling.
Also I wanted MIRR and EVA but didn’t get any. NPV and especially MIRR are examinable in the sense that you would need to make references to their suitability, pros and cons etc. Not necessarily to calculate. Apparently, at this level, you can use normal Excel functions of
=NPV(rate, cash flows) and
=MIRR(cash flows, finance rate, re-invesment rate)So you don’t need to manually calculate it or even know the steps.
The exam seemed pretty easy. Not as easy as PM but I was able to finish.
We had notes on the table that the Paris Co question had an error and to seek help if we had the question but I don’t think anyone had it.
Sections A and B seemed to revolve around very few topics.
it was also pretty tricky at times. Got a basic NPV question and WACC in Section C. Just hope I did enough to pass this time.I was pretty confident before the exam that I would get above 80, but after I did the exam, I was praying for 50.
Fortunately, I got 74 in my first attempt. I am so grateful.
I would advise you do at least 4 mocks in a timed environment, and repeat them till you can get close to 100% of Section A and B. Also practice most, if not all, of the Section C questions in the revision kit
I got the Rolling budget question and Neverland universities in section C.
First of all, I felt section A was pretty easy, but calculations were pretty sparse and I was hoping for more of it. Saved a bit of time in section A though.
Section B sales volume planning and operational variance was pretty easy also, but kept double checking thinking there were more tricks. Then the airplane lifecyle slowed me down a lot. Their target cost was 1380, and estimated lifecycle cost was 1200, so no cost gap right? Hope I didn’t miss something. Spent too much time on it. Can’t remember the 3rd question. (Edit: Make or buy, too easy to be sure).
Section C with the rolling budget tricked me out. Basically just prepared the budget without any adjustments.Spent too much time on this 9 marks part when I could have gotten 10 out of the 12 in the VFM universities question easily. Time ran out after I did 6 hopfully relevant calculations and put the 3E heading.
I was pretty gutted I didn’t get more variances, or literally any risk and uncertainty, linear programming, learning curve, limiting factor, CVP or even the coveted environmental accounting! Anyway, hoping for some mercy and 50 marks! On to the next one!
I got Lemon and Lime. Pretty much did only the b) and c) part without the adjustments. Wrote a lot of explanation to make up.
The Consolidated profit and loss felt too easy. Finished it in 30 mins but kept going back to it like I was missing something. Goodwill was about 6,999, pro rated the sub, got a loss after tax and blanked out at dividends.
The MCQs were slightly tougher than I expected and didn’t expect that many question about fleece! Never read that chapter but I guessed them right luckily. Overall, it was pretty difficult and hope I squeeze in about 50%!
