[kamdarvivek]

He is on YouTube..just search him up and you will see videos appear first thing and the videos are free!

[kamdarvivek]

6) one more thing to add to my last post is to read examiner reports. This was so valuable for me in passing because a lot of students misinterpret the questions. The marking report shows how to read the question correctly and how to put into application. And then I would suggest to compare it to your answer script

[kamdarvivek]

Well the last few attenots I was close/marginal so it was exam technique mainly.

1) This paper rewards you for common sense/practical answers. There was a question I recall about some gas engineers and how their pay changes impact perf. I literally discussed about if I was gas company how would my engineers perf would be I.e pay disputes , strike actions, moving to different rivals. All this would impact the bottom line and also on the morale

2) as above do not try to use academic terms, i.e if question on Eva or roce don’t just say it’s value based.
3) look for indicators/clues in scenario. If a manufacturing company trades in capital intensive you know roce would be useful as they need to assess the performance of their assets
Or if a company trying to innovate with new technology then it would mean EVA would be useful since there will be high r and d costs and would be important to know the actual cash flows

4) read real life examples/articles online. I googled most of them. I.e look for manufacturing companies like Unilver performance report and see how they do kpi
This was so useful rather than read study text or material that tutors usually just go through in bog standard. This will help you with that commerical acumen that adds so much value to this exam

5) state your judgement where you are not sure when evaluating. Make asusmptions but justify it

Hope the above was helpful, it seems like a lot but I tried to give some practical pointers that worked for me rather than just generic pointers.

[kamdarvivek]

66% and I am done with my final exam! To those that didn’t pass , I am happy to provide any advise as I know once students pass their final exams they forget to provide advise to other students.

I got 46,48,48,44 in my last few attempts. This paper is a commercial paper based on real life situations and companies so you can’t go in with an academic tone

Also Steve Willis was my support and help as he provided some very valuable advise which lot of other tutors dont

[kamdarvivek]

Folks for all the first time passers who scored 60’s and above , what is the key in applying to the scenario ? I am baffled because I do know most of the concepts and models in this paper yet end up on high 40’s fail..

[kamdarvivek]

I agree with a lot of your comments made. I tried implementing the same techniques by using browsing on Google for theories/models. However I ended with up with 46. My other attempts before lasts sittings have been 48, 48.

I even got friends/family to mark my script.

Not sure what else I can do. I have also been watching Steve Willis videos and is very effective as this subject is exam technique

I have exhausted all the questions on Bpp and Kaplan

Can you elaborate what exactly you browsed for on Google in relation to the models??
How did you use it to practice questions?

[kamdarvivek]

itsjustkirsty wrote:Wasn’t quite what I expected. Question 1 with the balanced scorecard seemed okay. Question 2 I had the BCG matrix, which to me was worded a bit funny so took me a while to understand what they wanted, but once I did seemed okay.

What did you put for last part about the 5 S’s lean systems?

I was totally out of depth from the information provided and how to relate it back to the question

[kamdarvivek]

Stamatina wrote:2nd attempt passed with 58%!!!!It was really unexpected ,I was sure I had failed, but I proved wrong gladly!!My final paper, so thrilled and excited that I’m done with ACCA at last!!!

Congrats!!

Can you please share your advice for students who are failing marginally ?

[kamdarvivek]

marmotte78 wrote:63% pass, 1st attempt. No more exams for me!

Can you please advise how I can pass convincingly like you ?

I got 48 last two sittings .

[kamdarvivek]

Niha.1 wrote:49 again! This is my last paper! I am about to quit! Cannot write this anymore!

Tell me about it. Got 48 again.

[kamdarvivek]

Many congrats ..it’s a tough old paper and to do it with such a convincing score is ?

Can you share some advice. Got 48 not just this time but also last sitting . I am devastated

[kamdarvivek]

Q1 – hospital question
Q2 – cleaning company
Q3 – bal scorecard and bus kpi

Like the general consensus this paper had a lot of information to read and digest. More than the usual APM paper involves. This meant switching between appendixes time and again. Most of time just trying to read and re read again and again to ensure I don’t miss anything

Q3 about kpi just horrible ,they have kpi and I am not sure if we had to evaluate it or impact on the kpi due to change of hybrid bus…
Rushed that ques in 25 mins..no way enough time to do justice

Also I felt this exam was a very topical exam..did anyone notice question 1 was subtly asking about corona virus as T3 and they mentioned the 30 day recovery period and if anyone survived..and also impact on hospitals which would be the nhs in the UK or any hospital in the world..

Definitely real life issues in recent times tested here

[kamdarvivek]

albacore33 wrote:Passed with 68% first time. Honestly thought I would score higher but nonetheless glad I’m done and affiliate now. Definitely the toughest of the professional exams I’ve attempted, the other option paper being AFM.

Congrats! That is a really solid mark in APM, not many people get above 65%. Can I please get in touch with you about your study methods?

I got 48% and i thought i did enough to pass 🙁

[kamdarvivek]

schoff123 wrote:My exam was:

I had the same questions. It was fair has to be said but at the same time there was a lot of repeat statements I made. I.e for ecommerce, Erps, BPR there were similar issues with efficiency, reliability, security etc.

I didn’t do justice to question 3 either which is a regret.
A lot of easy marks I missed in ques 1 about the IT system issues part.

Argenti a score I wrote about limited scope, subjective, historical data used but my concern I may confused this with corporate failure quantitative model

[kamdarvivek]

Hi
its kamdarvivek@hotmail.com

[kamdarvivek]

Hi

I also live in the UK and would like to buddy up . It is also a resit for me so I am not completely alien to this paper

Please let me know how we can arrange this

[kamdarvivek]

Just recalling question part i) did anyone mention building block model as there was a clue given about determinants and results in the scenario. But nothing was asked in the question so assuming we had to spot it and use it

If it is then missed out on easy some straightforward marks :/

[kamdarvivek]

My questions

1) elit Co nfp and big data
2) Borens Co or something like that, about budgeting
3) VBM, Npv, Mirr

I missed half of question 3 and it was a nightmare. Why questions on Npv Mirr when it won’t be in syllabus?

I see people had value for money and perf pyramid, league table which is what I revised for and quite confident on.
It’s not fair that people can be in same room and get a different question which could be the difference

VBM statistically is the hardest topic students struggle on and a shame I got that 🙁

[kamdarvivek]

I put

– seek legal advice about possible compensation claims
-enquire with management regarding claims being successful
-unfair dismissal of those employees
-written representation
-board minutes

For the production costs

-analytical review
-machine set up times
-average labour cost
-prior months and trends comparison
-reviewing budgets and forecasts

I am not sure if any of these are even correct as I repeated some of them as well with analytical review

What did u write for part a) 9 marks question about benefits for due diligence?

I was scratching my head on that one as I was doing for most of this exam :/

[kamdarvivek]

Yeh at first I thought the same but then I assumed the revenue was the EBITDA figure as that is earning before interest, tax, depreciation etc

[kamdarvivek]

I could only find few material points for material miststaements

impairment on licence
Amortisation
Investment in associate
Financial asset
New client

Cant recall the rest

[kamdarvivek]

Not sure what question you got but I had

Part a) business risks, – 12 marks
Part b) material misstatement – 18 marks

And part b) I could only find about 4 points

Another tricky paper and lengthy paper

[kamdarvivek]

Q3) What did everyone do for the travel assistance to drakan I think it was? There were two alternatives given and had to compare it. Is it to do with capital allowances and allowable expenditure for corporation tax?

I just did some Income tax computation between the two, not even sure is that’s correct 🙁

[kamdarvivek]

I agree with this. Depending upon the time you sit your exam, you are given different questions

I did not get the CFC and permanent establishment question which a few people did on here and that is one of my strengths.
It’s not fair Acca can change the questions at this level as its not level playing field. You can get lucky if you sit in a different session and turns out to be a question you were hoping for as opposed to another person who sits in a different session

[kamdarvivek]

The CBE for my audit and tax papers have being awful.
I had audit yesterday in London and there was a massive It issue and glitches.

People who were on the 9am exam had to wait until the afternoon session as they couldn’t fit everyone in

My exam was delayed by 2.5 hrs. Invigilators were walking around logging random people at will without any structure or communication.

The screens were small and just not suitable for a tax exam where you have to do calculation and explanation for the same requirement and then link it back. At the same time you need to read the scenario notes and extracts of requirements. That’s 4 different windows in one screen!!
I found it hard to read and comprehend information without going back and forth to the requirements and on top of that the intense time pressure you are under
I am sure like myself a lot of people missed vital information and points due to so much information in a screen.

I hope common sense prevails and Acca decide to withdraw CBE exams for professional papers, or atleast give an option to do paper based. I am also looking to get in touch with Acca regarding the horrible experiences with Cbe, not sure how that will impact results. Why change something if ain’t broken?

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