[ichbinyahia]

I used the scenario and worked out the in-house cost and the outsource cost. I can email you the scenario to have a look at my work. none of the answers is correct. I have been stuck in this quiz for almost 10 days and I cannot find anywhere to help.

[ichbinyahia]

Unit 8 Accounting Department Cost Quiz. MEXIT

This is a new question that has never been asked in the previous old EPSM

Question 1

Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future.

Enter the accountancy department costs for Option A (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example, “543”.

Question 2

Calculate and compare the forecast total accounting costs in the year following MEXIT under the outsource option (B); to assess which option will be most economical for Telford Engineering in the future.

Enter the accountancy department costs for Option B (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example,

I am not asking for an answer! I am asking how I can answer such a question.

Reading the thread does not provide any answer because it is completely different from the previous epsm versions

[ichbinyahia]

Congratulation for everyone and hard luck for those who could not clear the paper.
I got 35%! I was confident that I will get a pass mark of 75% at least, sounds made. I have cleared all the skill papers except F8 and I know myself if I done well I usually expect the mark and it comes to my expectation. I also done mocks and my answer was in line with the answers and I was hoping to pass with a decent mark, practiced past papers and exam techniques and I did not struggle with any question, I answered all questions well but I do not understand why I got such low mark. Seriously I cannot believe it.
Sometimes I feel something wrong with the software or could they have allocated the wrong mark when it was sent to me!
SubhanAllah!
Believe me, this was one of my best performance in acca exams. First attempt I got 40 without study and I know I will fail and started preparing early in December session. I learned all the topic areas with exam past paper practice. Well prepared and well performed in the exam!
I know it is too low but I wanted to apply for administrative review. Nothing will change but I need to know why I got such mark!
Any suggestion, advice is highly appreciated.

[ichbinyahia]

Funny this is the last skilled and I answered 100 of 100 first time in my acca to complete a paper 4 minutes before the end of time!

[ichbinyahia]

balanced, I always find section A easier next Section C and lastly Section B is the most difficult. seeded questions were from Section B with OT from currency exchange. I can say exam was easy for the first time. however there were alot of catches specially with easy exams.

Section C 12 mark was NPV calculation profit figures with 5 % inflation
TAD reducing balance and tax 20 %.. Got NPV negative

8 mark discursive Q was regarding the benefits of using probability analysis in investment appraisal.

Section Q in section C preparing cashflow forecast with closing balance also negative.

Discursive advice how to improve cash collection 6 mark
and 6 mark also for reasons why businesses keep cash.

[ichbinyahia]

It is clear that section C was different questions for different students

My Section C was Sensitvity analysis and CAPM

Unexpected questions, Section A was Ok, Section B was horrible and Section C was unexpected.

Section C, When NPV = ZERO AND THE TARE OF TAX was easy to test the NPV using excel to increase the tax rate until you come to NPV = Zero however I did not use this technique!

in addition I did not discount the contribution to get the PV of contribution.

I recalculated year 4 and recalculated npv and again Sensitivity analysis did not discount the contribution to put it in the PV.

CAPM got 18.4 %. I missed everything up but there were alot of discursive question bit easy.

I think it is better for me to prepare again even I have hopes to pass!

[ichbinyahia]

Thanks a lot for the advice

I googled it and I had the following link for any students to benefit from the FM errata sheet BPP kit

[ichbinyahia]

Sorry to answer I think she refers to EAC.

EAC – Equivalent annual cost – OR replacement cost looks at when we replace the asset after 1 year, 2 year or 3 year,
1) Discount the initial investment @ 1 because it is at year Zero
2) Net off cost against the income in relevant year and discount the cost in the other years
3) Work out the NPV in each year
4) Divide the NPV/ AF to get EAC
Do that for each year and choose the lowest cost

[ichbinyahia]

Thanks a lot ! Really appreciate your support!

[ichbinyahia]

Do you have a linked in profile or Cv on linked in
If you don’t, you should create one and you will be contacted or apply to any job offer

[ichbinyahia]

remitted by the factor means paid in advance to the company.

Sorry to our teacher John Moffat to answer the question, I looked at the answer and I understood the arithmetics and the concept behind. the 80% and 15% advance payment are not relevant to the cost of finance.

[ichbinyahia]

(1) Cost of finance

The cost of the finance provided by the factor is 5% of sales, since 80% of sale and then a further 15% is remitted by the factor. If sales are 10% lower due to the aggressive collection
procedures, then this is (0.05 * 98,714 * 0.9) = 4,442.

[ichbinyahia]

FA2017

[ichbinyahia]

Hi, in the same practice question Kate
Non saving

Trading profit = 38000
Employment income = 8000
sub total = 46000
Less qualifying interest =(1000)
Net income = 45000
Less Personal Allow = (11500)
Taxable Non saving = 33500

In the model answer taxable income for non saving is 34500. I believe there is an error unless my calculation is wrong? Please clarify

Thanks

[ichbinyahia]

Please tutors your supports are much appreciated!
I did read that I cannot predict the result. I sat F6 Dec 17 and got 47 then attempt in march 18 and got 46 ! I was not Worried about the pass mark. I was excited about the pass mark I may get 80, 70 or 60 but I never imagined that I would fail again. Especially the last attempt I done well, my answer was clear and straight to the point with good presentation much much much better than the first attempt which I was not confident but the second I was fairly confident and I couldn’t believe the 46 mark in the second attempt !
I am self studier ! Please advise

[ichbinyahia]

Finally I passed thanks to God!
Congratulations for everyone who worked hard and it is time to treat yourself for the achievement !
For those who couldn’t make it, I know how you feel but remember learn from mistakes, acca exams are different from any exams, you need to be prepared with knowledge of the whole syllabus and practice as much as you can. Keep practising then exam technique and time management is the only factor that change you from fail to pass!

[ichbinyahia]

Thatgirl: 100 % agree I spent too much time trying to figure out what is budget and what is actual and couldn’t find any!
I really hate questions with all data scattered between lines! That was the challenge! I end up writing the names of variances only with no calculations! I remember that labour variance was only about operational and planning. Hope I get mark for my writing!

[ichbinyahia]

I thought is 3 mark for the 1st part and 7 mark for the second requirement.
Best wishes for all of Acca opentution students

[ichbinyahia]

Any one remember Section C question regarding balance scorecard advantage and performance measurement. Does anyone remember the mark allocation for the question?

[ichbinyahia]

Thank you Mr John

every time i ask a question I learn, and i am trying my best to follow the codes of the website. Is there a link on the website on how to raise a question something like guidelines. in addition, where can I leave a suggestion?

[ichbinyahia]

Mr John

Please help a question in bpp kit Box Co for questions 275-279
276 Answer showed that there is depreciation of (850) however in the whole question there is no mention whatsoever referring to depreciation.

Could you kindly tell me where is the figure for depreciation coming from?

[ichbinyahia]

Thank you Mr John
I cannot thank you enough
I really appreciate your help. It is very kind of you answering all questions for free! Each paper I ask you 1 or 2 questions a paper when I am desperate and as always you solve what exactly I am looking for. I feel shy to ask more questions. Very happy with the answer. It is an issue of using the calculator but I can work the 3rd, fourth and 5th from the first time using shift as you already gave me the clue!
Thank you

[ichbinyahia]

Hello Mr John Moffat
Just to reference the question in BPP kit –

Short Scenario MCQ Learning Curve

Crush Co has developed a new product. the first batch of 100 units will take 1500 labour hours to produce. Crush Co has estimated that there will be 85% learning curve that will continue until 6400 units have been produced. Batches after this level will each take the same amount of time as the 64th batch. The batch size will always be 100 units

Note learning index for an 85 % learning curve is -0.2345
Ignore the time value of money.

Q-165 –
The total time for the first 16 batches of 100 units was 9000 hours. What was the actual learning rate closest ( to the nearest %)?
A) 80%
B) 75%
C) 78%
D) 73%

answer

Batches Total time Average time/unit
1 1500 1500
2 1500*r
4 1500*r>2
8 1500*r>3
16 9000 1500*r>4

9000=16*1500*r>4
r>4= 9000/(16*1500)
r= 0.78 or 78%

The answer is clear however I get different figure in my calculator

Could you kindly explain how did we get r=78% as actual learning rate?

[ichbinyahia]

68 only for 3times BPP is not enough!

[ichbinyahia]

Kaplan is mind mapping,
Easy to comprehend
Solid concept
Clear & simple language
Structural and logical layout based on logic sequence
Clear and understandable examples!
Clear Formulas in a clear big font so the eye catches with no struggle
Yes, big Volume book but very easy to read and cover the whole book within a short space of time because it is straight to the point.

BPP is the opposite of the above ! Struggle to get the info and you will need to read again and again, concepts are scattered everywhere, small font less mind-mapping, too much in one page, poor chapter summary etc

I Studied F3 Passed 1st-time pass with BPP, however, I took long time to be prepared due to work and self-study and study material were not helpful

F2 I started with BPP and got advice from a friend to use Kaplan I can see the difference.

Any student like to pass the exam with ease, so you know now what to choose !
Post for the public benefit

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