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porschevee wrote:Failed..40%..2nd attempt..was supposed to be my last paper as i wrote SBL & AFM this diet and i passed SBL (on first attempt)..finally letting go of AFM & going for APM in December instead so i can celebrate being an affiliate in Jan 2021.Congrats to those who passed and to the affiliates.
Don’t give up yet. I failed APM four times before I passed in March, make a note of areas of weaknesses and try and do as many related questions as you can.
What I think helped me was that I attempt all of the questions my kaplan exam kit and read all of the answers, did all the past papers I could find as well as read all technical articles.
You can do it.
Didn’t receive the email and passed. ACCA have made a huge mess, even though I now know I’ve passed it made me feel think that I failed since everyone seemed to have received the email except me, definitely ruined my weekend.
62% in AFM, passed the first time and I’m finally an affiliate! It’s been 4 years since I started my ACCA journey, I’ve had my highs and my lows. I can say it has been the toughest challenge I’ve faced but I can finally say I’ve completed all my exams and I’m thankful it’s over.
Sounds correct to me. Other people incorrectly calculated debt as 0.6m meaning 0.6m worth of bonds and not 0.6 actual bonds.
same, I voted hard because of the time element but the exam was OK
I also was confused I thought current swaps and forex swaps were the same thing. I wasn’t even sure how to answer it. I stsrted writing how they work and left it unfinished. The NPV messed me up i was confused as hell.
I was confused I thought current swaps and forex swaps were the same thing. I wasn’t even sure how to answer it.
the machinery depreciation was 700m/4 a year
The land I think has a sales value of 75m*1.08^4I’ll think ill be resitting that. The transfer and manufacturing cost bit confused the hell out of me. I ended up with of (1.9m)
APM passed 55%! After failing 4 times I’ve finally passed it. Finally something good has happened during these unfortunate times and I feel like I’m on cloud nine.
Failed again with 46%. I was expecting to fail as my time management was off but just annoyed as I think the paper was doable. I wasted too much time working out the ratios for question 1 instead of explaining RI and ROI.
I’m so upset. I got 46% I honestly thought I had it this time the exam went fairly smoothly. I missed some sections due to timing and lack of understanding. Which was obviously my downfall.
@shazwin98 said:
What did you comment on BSC apart from the current Information systemI literally copied the answer which is for one of the questions in the BPP p&r book.
Might be it too many performance measures which may give them information overload.
Conflict in PMs
The information system is basic and based solely on financial information so the system might not be able to process non financial information and therefore a new system is needed which is expensive and training is needed
The board also used to financial information and are sceptical about the new system so they might revert back to the old measures.
@sanjanapaul1234 said:
Literally nothing except that. That note mentioned that I’m not supposed to comment on the advantages/disadvantages or even suggest a new performance measures. I was so annoyed with that note. What were they even expecting us to write for a whopping 15 marks man???!!!I thought the same it didnt make sense. That’s why I wasted too much time on that question it contradicted itself. How can you briefly evaluate but not recommend a PM
@adannaya said:
The exam was OK.I couldn’t finish question 1 as it was the last question I attempted. Answered the part on strategic performance report, EVA (although I’m sure I made errors in my adjustments), didn’t finish performance hierarchy and didn’t attempt value chain at all.
Question 2 was pretty easy. I believe the issues in part a were use of percentages, information overload, graphs would have shown trends, tendency of customers to give scores in the middle rather than extreme, there could also be a potential for customers to overstate their satisfaction with the hopes that they win a prize from the raffle. I can’t remember any others. Part b was also easy. I remember talking about the ability of the current information system in capturing and measuring non financial measures, conflicting measures, BSC not giving an absolute measure of performance so it could be difficult to understand and interpret.
Question 3 was quite difficult for me.
Part a on stakeholder analysis in relation to performance measures was ok even though I couldn’t think of a suitable measure for employees. In part b, I used the maximax approach. Part c was quite confusing. My expected value for project A was the same as that of project B! I didn’t even know what to do with the standard deviation given. In the end I couldn’t recommend any project, however I talked about the benefits and limitations of EV briefly.Whewww! I pray I get this course off my plate. This is my second attempt.
I literally wanted to put all that for question 2a but I was running out of time so had to move on. The question was similar to a past/mock one I’ve done before. Also didnt have time to evaluate performances measure for 2b.
Question 3 was fairly easy. I wasted too much time on question a explaining power/interest even though it said brief and the same for b with the calculation. For question 3 I was certain something was missing because for 11 marks it seemed too easy. I’ve never heard of standard deviation before but as project b was 106 and a was 103 it made more sense to choose a as it has a lower change of npv declining.
Didnt attempt 1d and my 1c answer was poor.
@sanjanapaul1234 said:
Q3B- Which selling price did you guys select? That Risk seeking question where multiple variable costs and contribution were provided? I wrote $75 selling price and $50 Variable cost when the demand is 1200 units so as to capture the market by selling most units. Am I correct?Variable costs aren’t for certain so I don’t think you should mention that at $50 is best. But I think the answer was $75.
@seishirou said:
Is the EVA negative or positive?Positive. I got 1420 but I think I calculated several things incorrectly.
Anyone know if gearing was 45/145 or 45/100?
I found the exam ok. So much easier than the last 2 exams. My timing was off though and didnt have time to write everyone I wanted.
1.
A. Performance report evaluation 11 marks
B. Eva calculation and discuss benefits 15 marks
C. Can’t remember performance measures maybe 10 marks
D. Value chain 10 marks2.
A. Customer survey issues 10 marks
B. BSC implementation and ongoing issues 15 marks3.
A. Mention power and interest (mendelow) discuss whether PM are suitable 9 marks
B. Basic payoff payoff calculation 7 marks
C. Calculation of NPV, Standard deviation drawbacks of using EV. 11 marksI wish I remembered stuff like this before the exam.
@mills367 said:
Failed. Absolutely gutted as I felt much better about this one than the last exam and got a worse mark!Still pretty angry about the last question as I feel robbed of a pass. If it was just written clearer or the question worded better then wouldn’t have minded so much but to miss out on 12 marks (I think it was), just a few there could’ve helped me get over the line. Furious.
I also did worse than March’s sitting. I was fairly confident when I saw part A and though that I might actually pass this exam and then I saw parts B and C and my dreams were shattered. Its always the last 2 parts the messed me up. I was hoping ABC didn’t rear its ugly head again but it did.
Hopefully third time lucky.
@jeyne said:
I thought I did very well in March, but my fail was a lot below the 50-mark.I thought I did rather bad in June, but my pass is a lot over the 50-mark.
I think what helped me a lot was the fact that I devoted some of my preparation time to practise my handwriting. I barely write by hand nowadays, so some of my essays might have been a bit visually-challenging to the markers.
A great thanks to OpenTuition community, especially to Ken Garrett for his amazing lectures.
The final question of this exam was confusing. The layout made my answer look horrendous. Apart from that I genuinely believe that someone could have passed this exam who hadn’t studied SBL and had good business sense.
Your comment is a mirror image of my APM experience I did worse than I did in March.
At last! 55% 3rd time lucky. This was the least technical exam out of all the SBL exams I’ve attempted.
