[kellann]

Hi Trephena,

Sure no problem , I don’t mind if it helps others to pass!

Best Regards,
Kell Ann

[kellann]

Dear Trephena,

I hope all is well with you! Thank you very much for all your help and time, without your advice I would never have passed …with a grade A ??..I was so excited this morning.

Best Regards,
Kell Ann

[kellann]

Hi ,

Does anyone know how to correct the word spacing in a word document.When I ‘justify’ a paragraph , the words go a bit funny , there are far apart when I reduce the space its as if its one word .I tried googling but can’t fix the issue.

Any solutions please?

Thanks
Kell Ann

[kellann]

Hello Trephena,

Do I just need to include the income statement and BS with notes, cashflow statements ,changes in equity as well ?Or is it just the BS + I/S?

Many thanks,
Kell Ann

[kellann]

Pheww thank God.

Trephena you are on a roll today with making me laugh, really need it!! 🙂 🙂
What would students be without your guidance, such prompt responses in times of need!

Big thank you again

Best Regards,
Kell Ann

[kellann]

Hey Trephena,

This might be a silly question ,is the PowerPoint presentation included in the word count as part of SLS?

Best Regards,
Kell Ann

[kellann]

Sure thing Trephena .My colleague asked me why am I waffling on so much in Part 2.
I would rather trim it down in P2 and add more to Part 3 , this will make a more conclusive report.I wasn’t sure on the rules , as I thought I needed to stick to P1 = 1000 ,P2 =2,000 , I did not realise that I could trim it down as long as whole RAP = 7,500.Do you know what is the minimum word count in Part 1 & 2 that I could have ? say 900 & 1,800 for each part?

I will read the hints straight away.

Many thanks for all your help!:)

Best regards,
Kell Ann

[kellann]

Thanks Trephena.You always open omy mind to a solution that offers better thinking.

Lolol , you are totally killing me with laughter here , I went into panick mode this morning but after reading the previous response and now this, has defo put a BIG smile to my face hehe 🙂

Take care & best regards,
Kell Ann

[kellann]

Hello Trephena,

Apologies for the last minute panick questions!

My SLS answers total 1,897 words, title , Acca number along with me putting down the questions makes up the remaining 103 words..Is this ok?I don’t want to be marked down for this,I would rather make changes now.

I can’t wait to see the back of this Rap..like many students !

Thank you.

Best regards
Kell Ann

[kellann]

Thank you Trephena, I meant net profit margin..I have done an analysis of operating profit margin(OPM)instead.
So for OPM,this is what stated that caused the decrease: one off charges like impairment , onerous contract provision,huge advertisement and skilled labour costs which caused a decrease.Does this sound ok?

I’m so tight with word count, I wish part wasn’t that many,I think this should have been lower and more toward part 3.As a result I have used Acronyms,like OPM,EPS..,is this acceptable?

Your dividend explanation makes sense.

Your response is very interesting indeed,especially the last bit!Its funny that, as I got my colleague to proof read it 4 days ago, he said the same that I killed him with so many numbers so just changed format a bit.

Thanks for the pointers,such invaluable advise as ALWAYS.

Best regards,
Kell Ann

[kellann]

Thank you Trephena.

[kellann]

Hey Trephena,

Just need to know the answer to 1st & 3rd part of my query , got the answer for the 2nd from a student’s response on the forum.

Thanks
Kell Ann

[kellann]

Hey Trephena,

I proof reading my completed RAP, I have done operating profit margin but wondering if it’s better to do operating profit margin as one of my profitability ratios?

Also with investors ratios I have done EPS and dividend growth , would you recommend , EPS & Dividend per share instead?

Thank you for your help.

Best regards,
Kell Ann

[kellann]

Dear Trephena,

I hope all is good with you.

Company ABC has a five 5 year summary of the BS & Consolidated comprehensive income, can I attach this to my appendix rather than 8 years individual accounts for both comparator and main company? I have used 2012 annual accounts as the base year therefore 4 years accounts, I suppose these need to be included?The 5 year summary also includes key ratios, some of which I calculated.

Also, I get the in cite text to add when in referencing the annual accounts which I followed from the previous message but reference the annual accounts on the reference list, it is a pdf which I downloaded from the website.

I’m not clear if the Reference list is a separate word document or a continuation to the report.On the OBU pack,on page 31 it states at the end of the RR but on page 46 it seems its separate, can you please clarify.

Many thanks,
Kell Ann

[kellann]

thanks a bunch Trephena !

[kellann]

Hi Trephena, can you please advice on the above ?

thank you!

[kellann]

Dear Trephena,

I need clarity on the analysis of financial and business performance for years 2013 to 2015.For example for the revenue growth,net/gross profit operating margins do I need to split each year and explain why there is an increase or decrease ? eg 2013 why there is a decline in revenue and so on.Would this approach be the same for business analysis using PESTEL & SWOT models?

I’m not clear on the approach , can you please advise me.

Thanks you for your help.

Regards,
Kellann

[kellann]

thank you !

[kellann]

Dear Trephena,

I’m struggling with Part 3 , do I have sub headings under this section for eg have a seperate heading for:

1) Financial analysis ,then sub heading for Profit/Revenue and Investor ratios then bring in in SWOT ,PESTEL factors.
2)Business analysis – bring in all pestel factors

Or do is it all done as one like :

Profit – explain the reason for increase or decrease what swot/pestel has casused the change?

I am so unsure as to how I bring my findings together,can you please advice?

thank you for your help.
Kell Ann

[kellann]

Hi Trephena,

What can I say!! This is invaluable information & so very useful.I was’nt expecting this.I cannot thank you enough , I felt very stressed these few days but now after reading your recommendations , this is so solid advice .

Thanks again 🙂

Regards
Kelly Anna

[kellann]

Thanks Trephena , it all makes sense.Ignore the bit on debt gearing -error on my side sorry.

Regards
Kelly Anna

[kellann]

Thank you very much Trephena, this is very useful indeed! Ok I get your point here , it really does’nt matter on the YE as its 12 months considered but MUST include in my limitations.So I can use the below YE accounts per below as comparison.
Ryanair Easyjet
Yr1 – 31 Mar 11 to 31 Mar 12 30 Sep 10 to 30 Sep11
yr2 31 Mar 12 to 31 Mar 13 30 Sep 11 to 30 Sep 12
Yr3 31 Mar 13 to 31 Mar 14 30 Sep 12 to 30 Sep 13
Yr4 31 Mar 14 to 31 Mar 15 30 Sep 13 to 30 Sep 14

Issue number 2: Is that both have different currencies, RY is in € and EJ £, if you looking at revenue trend or debt gearing , I need to refer to % rather than absolute numbers but graphs are the issue.I could use the close rate to convert.The alternative is that I choose a competitor of same currency but this is not RY main competitor/rival.Any suggestions Trephena?

thank you for all your help , this site is really a god sent!

Regards
Kelly Anna

[kellann]

Hi Trephena,

I also have the similar situation as Stevr whereby my main (Ryanair)co’s year end is Mar,so I use Mar 11 (base year for ratio) to Mar 15 but my competitors (Easyjet)year end is Sep , I would not have the Sept 15 annual report, can you please advice what I should do in this case?
I’m finding it hard to find a suitable comparable competitor for Ryanair.If I choose a different low cost airline , it may not be comparable due to the of Ryanair/routes/destinations it travels in Europe.Please help.

Thank you
Kelly Ann

ANSWER FROM TREPHENA (answer copied from another forum topic)

@kellann – The Information Pack clearly sets out ‘The 90 day Rule’, meaning that (for P31 submissions) any annual report published before 1st August 2015 MUST be used for the main company. You have to use the most appropriate competitor’s statements and explain any limitations. Markers will always check and if you have NOT used the latest for the main company it will be an instant fail for out of date statements.

What constitutes the most appropriate with airlines (particularly low cost airlines) would be that they both covered the same peak summer season so Mar 2015 for Ryanair and 2014 for Easy Jet would be appropriate. You must however think about how this might skew your results and consider these limitations when interpreting them.

The important limitations of the comparisons here would be that Ryanair’s FS also include the 2014/15 Christmas/New Year (second peak period) whereas EJ is 2013/14. Also oil prices have fallen significantly over the last year and this would favour the more recent results,as fuel cost is a major airline cost. Remember your marker wants a sensible analysis explaining how the various SWOT and PESTLE factors have impacted -what they don’t want are monotonous ratios that tell them nothing they cannot see from the FS or graphs for themselves

(All students doing T8 should ensure that they read Bassanio Broke’s forum “Top Tips for the RAP” at the top of our Forum page and the article I wrote on ‘Evaluation and Analysis’ on our homepage https://www.opentuition.com/obu. )

[kellann]

Thank you very much for all the prompt responses?

[kellann]

Thanks again Trephena:) with the graphs , I also need to bring in 3 years of competitor?

Many thanks,
Kelly Anna

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