[goldenthandi22]

interested too

[goldenthandi22]

Same here
Kindly add me +263785573032

[goldenthandi22]

Passed first attempt
Many thanks for your guidance Sir.
It really helped

[goldenthandi22]

Passed first time!
Many thanks to Open Tuition , I have a very demanding full time job which meant less study time but open tuition made it all possible.

Many many thanks

[goldenthandi22]

@ raganaherath l had the same paper too , it seemed fair BUT with ACCA only results can tell.

All being said , Open Tuition really played a great role in making me understand concepts , whether we fail or pass trust me we are more knowledgeable than we were before.

Many thanks to our lovely Open Tuition Tutor

[goldenthandi22]

thank you so much

[goldenthandi22]

sir
i do not understand how we got to this answer
kindly assist

[goldenthandi22]

well noted sir
thank you so much

[goldenthandi22]

ohh now l get it sir, thank you very much,
where else can l get extra questions on residency tests so that l practice more to clear my concepts. l have been struggling with this topic and lm writing in on the 3rd of March

regards

[goldenthandi22]

many thanks

[goldenthandi22]

great and thank you sir

[goldenthandi22]

many thanks sir

[goldenthandi22]

sorry to intrude sir but does the age of the director “72 years” have any effect on this question or we treat the 72 year old director just like any director

[goldenthandi22]

well explained sir and thank you very much

[goldenthandi22]

I agree with champb

I also passed on my first attempt with a very decent score and many thanks to Mr John ,I did self study Mr John being my key tutor in times of confusion, his explanations clear major concepts which are very important in understanding questions. However as mentioned, question practice is very key , practice practice practice and practice

[goldenthandi22]

well explained sir , thank you very much

[goldenthandi22]

this was also confusing me thank you

[goldenthandi22]

thank you very much sir, l really appreciate , l had attempted a multitask question which needed the two to be calculated separately .

[goldenthandi22]

thank you very much sir

[goldenthandi22]

So the Barber can be the cost center right

[goldenthandi22]

thank you sir

I was confusing it with the way we treat idle time when calculating labor pay , that is if we have idle time we subtract it from the total hours so as to remain with actual hours worked. so at some point l was thinking maybe idle time should not affect our variance calculation since it will be an “indirect overhead expense” while on the other hand thinking it should

[goldenthandi22]

thank you very much sir and well noted

[goldenthandi22]

the answer for question 2 was calculated through finding the present value of the perpetuity then subtracted the present value of investment as follows.

(13 000 divided by 0.1) – (100 000 divided by 1.1) giving 39090 as the answer but l do not understand the logic behind the calculations

[goldenthandi22]

well explained sir , thank you very much.
another question worrying me is on performance measurement. l am finding it hard to differentiate between performance measurement and balanced score card, for instance the following question states:

which of the following terms best describes the use of both financial and non financial measures in assessing whether an organisation has achieved its objectives?
A. Balanced score card
B. Bench marking
C. Performance Measurement
D. Target setting

l had selected Balanced score card as the answer which happens to be wrong . the correct answer is Performance measurement , kindly explain how.

2. Also l do not understand why in the following question we had to find the present value of the invested amount and add it to the calculated perpetuity:

An investment of $100 000 to be made on 31 December 2017 will produce an annual return of $13 000 in perpetuity, with the first income occurring on 1 January 2018.
what is the net present value of this investment (to the nearest $10) on 31 December 2016, discounted at 10%

[goldenthandi22]

wow well explained , so is it proper then to say that there is no way we can avoid budget padding or should we say it can only be prevented when executive management imposes budgets?

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