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@gavin175 said:
This exam was absolutely bojangles, where was everything that i have studied for months on end, now i am going to have to repeat this exam in Oz in December, i am currently in Ireland and emigrating soon, does anyone know if this is possible that i can change my exam centre to a different country? I am convinced my dad would have been able to answer that exam and a majority of the discursive questions, in hindsight a majority of the exam could have been answered with common sense but when you are in that hall that common sense quickly floats out the window and you still keep asking the questions where is ROI RI and EVA, heck where is Corporate failure. Weirdest exam i have ever sat.I’m moving to australia myself in september so will definitely be sitting the p2 paper over their and any that I fail this time round. What part are you going to? Will maybe see you for the resit, will be strange doing exams late in the evening!
@enigma1981 said:
I passed I think – but still not happy with the exam.
No Failure Prediction Models
No EVA, ROI, RI, NPV
No Pricing
No Learning Curve
Only TQM, Target Costing, E Values and Balanced Scorecard. The rest of the paper was the ability to waffle and pad an answer!
For Q 2 I said the government set up the Academy because;
1) To maybe provide a socially important service at a lower price than a private company. Important in a developing country
2) To show that they are philanthropic and this would help them in attaining investment from foreign companies and foreign governments in aid
3) Often governments in developing countries have an enormous sense of pride and nationalistic tendancies. They may not like a private company providing such an important service.Would that get me the 6 marks I need to pass??
Also, for the budgeted income statement – anybody else get profit of around $5.4 million?
Yes I got about 5.4 million which I thought was unusually high considering the revenue but it may be a reflection of the lack of competition.
The tuition fee’s were extremely high.
Thought the exam was going to be worse, the discursive elements suited me better though.