[Mark]

@samirrules said:
Could it not be a focused differentiation as for differentiation to be useful it needs no reinvestment of margins and high barriers to entry but both of these weren’t followed by the training provider.

Hey,
I think you’re making this sound more complicated than it is, to begin with focused differentiation is based around the fact that you pay a massive premium for extra benefits to aim for a niche market, it was made very clear in the scenario that most students have very little disposable income hence I don’t see how focused differentiation could work or the company would have to seriously consider downsizing

[Mark]

I duno if we’re right but I’m so happy we’re on the same page, it’s always a good feeling when someone has the same opinion and answers along the same lines especially in P3 where anything goes :p

[Mark]

Thoughts on Exam

Part I)
SWOT Analysis 18 Marks – Lengthy but a lot of easy marks /18
Preserving, Readiness, Capacity – Not too sure how this will be noted /12
How to manage change – Me thinks Evolution or adoption /7
Frills, Differentiator etc- Me thinks differentiator, students no money + Exco had quality senior staff, clearly differentiator /9
Prof Marks Who knows how to get a good mark here /4

Q3
Harmon Process Training, simple and important – automate /10
Legal, complicated, not imp, outsource
Bespoke vs on shelf program Show benefits of off shelf easy /7
Risks to scenario Not so easy thought of duplication of bookings /8

Q4
Upstream / Downstream Altho sounds nice though hard to apply a lot of information in scenario with very little time left to think and apply /15
Bounder less company, never heard this term before but I assumed it meant feeding information from company to supplier in live? was out of time will see /10

Overall compared to December I thought this was a far nicer P3 exam, the 50 marker was lovely and covered most of the core topics of P3, the trap here was getting caught on time which I can imagine happened to most of us, fingers crossed, anyone else got some opinions>

[Mark]

I’m not sure about your C Q1 was that how much the company needs to change?

Me thinks they were looking for Adoption, Evolution, Reconstruction, Revolution theory,

In this case structure needed to change but ideas remain the same hence I believe evolution seemed most appropriate, also mentioned used to a bureaucrat organisation being government owned and should really go towards a more professional structure as its the senior lecturers who bring the most value.

Would be curious to know others thoughts on this?

[Mark]

Totally agree those 32 marks were nasty

[Mark]

Ha, snap, I’m exactly on the same boat, if I got 10pts out of the 32pts in the second part of the first question I’ll be happy with that, I just hope I did enough in the rest of the questions to make up for it as this whole project question was a shamble

[Mark]

A complete disaster, Q1 cashflows I’m guessing most of you, like me briefly overviewed this topic not expecting it to come out, yes there are marks to pick up here and there but hard to get a good mark if you guys get my drift, to easy to get things wrong or leave out things.

Q2 Horrible restructuring – but had no choice as hadn’t read the article relating to the revised ED Leases…….. Nice one!
Question from me “what happens when you own 100% of two subs and decide to sell one sub to the other sub with a loan interest free”, we could make a sketch out of this question, I mean you’ll still own 100% as an indirect holding but how do you treat all the transactions?

Q3 Required knowledge of revenue recognition and cost recognition, and another random question, you receive 3M to let an airplane line advertise their name on your stadium, how does that affect revaluation? Should this not be simply “Other income” 1 M each year? Must be missing something.

Very disappointed with my performance on this exam and the examiners questions, Re sit in September here for sure.

[Mark]

Don’t give up, 48% is so very close, we ve all been there, it took me a 3rd attempt to pass f9 and I still hate it to this day, but at least you can resit in march. Acca is hard, everyone knows that, 48% is not that bad, and Q3 was not a standard question, a lot of nasty stuff in there

[Mark]

Pass 60% ? officially part qualified, bring on the p’s

[Mark]

Thanks Kbourne, Yes to a certain extent I’m glad I took this approach, because it gave me the time to fully answer Q1 & 2, & if I had began question 3, I would have easily got sucked in too and spent 1 h 30 to 2 h s getting my head around those horrible note adjustments, I am sure you are not the only one who got sucked in by Q3. I’m just curious as to the mark allocation on Q3.

I mean how much are the notes worth? How many points could you get in Q3 if you carried out all computations whilst paying little attention to notes (other than reval, depreciation and tax).

[Mark]

F7 Question 3 was a killer, was so upset during reading time, didn’t let it throw me off though, Focused on MCQ’s, question 1 & question 2.

Once I was satisfied with the above had an hour to look at Q3 and basically did all the computations and ignored the Finance lease, the rights issue and loan repayment, just filled in what I knew.

Overall disappointed with the paper, was hoping for a chunky consolidation 30 marker and instead we got this nightmare of a question, very unpleasant really, and very disappointed as it seems the examiner decided to put everything I hate combined in a 30 mark question.

Only time will tell………………….

[Author]

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