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Wow, 8 years and I’m finally done. Passed APM with 60. Hardest thing I’ve ever done but so fulfilling. I’ve been very lazy at times but really started to enjoy studying more the further I got. Multiple 50s in my results but last two option papers were my best marks. Really pleased with what I’ve achieved.
CONGRATULATIONS to all of you who have passed and keep going to the ones who haven’t. If I can do it, anyone can.
@yando said:
I assessed the method which Selite** (whatever the name) used against the Benchmarking Process.. My conclusion was that the process was fine except that the KPIs identified did not respond to the CSFs except for one..I thought that was a bit of a trick question there as the question was to advise on the appropriateness and sufficiency of the measures in terms of the industry (not the company).
I debated what to write for a while as it listed the company objectives and CSF’s but then later it went on to say what was valued in the industry at the moment – Ie. customer satisfaction, employee knowledge etc. so I focused on these points. To be fair these items overlapped quite a bit though.
@sanjanapaul1234 said:
1a- Then I also calculated and analysed the both ratios by not taking the head office costs and restructuring costs and considering the R&D and Brand building costs. Gave a short note as to why restructuring costs was not considered as the company’s senior management would give approval for shifting the business place to a prestigious place and divisional managers aren’t quite responsible for that cost. Wrote the disadvantages of ROI too. Some advantages of ROI and RI too.I might be completely wrong but I felt with the R&D costs and marketing/brand costs, it was eluding to potential use of EVA which being essentially an extended RI calc. these costs wouldnt be charged against expenses as they would be considered long term enhancement/value add. The wording was very specific – it lead me to believe this. Yes it didnt ask specifically but for me its too much of a coincidence.
I’m sure the question was ‘the sufficiency and appropriateness for the industry’ – ie. Not the company
I thought that was a bit of a trick question there as the question was to advise on the appropriateness and sufficiency of the measures in terms of the industry (not the company).
I debated what to write for a while as it listed the company objectives and CSF’s but then later it went on to say what was valued in the industry at the moment – Ie. customer satisfaction, employee knowledge etc. so I focused on these points. To be fair these items overlapped quite a bit though.
Also, if the above is considered a discontinued operation – how does this affect the SOFP – do the Assets and Liabilities of the subsidiary get netted off and then go under the title ‘Assets held for sale’ within Current Assets or do the Assets and Liabilities stay separated and effectively you end up with ‘Assets held for sale’ within CA and a line for ‘Liabilities held for sale’ with CL?
Really struggling to get my head around this standard. Mainly the difference between a discontinued operation and an asset held for sale and the respective treatments.
Thanks in advance.
Thanks for explaining. I didn’t realise this was possible – good to know!
All the best and fingers crossed for both of us regarding the next P2 sitting!
Hi Roshan,
I like you am in the same boat. I failed with 45%.
When you say an admin review, how do you get this, as I’ve never heard of it? I didn’t think you’d get to find out where you failed….
Thanks
I think that part was about 7/8 marks. To be honest I wrote about fair value measurements in two questions but I don’t think they were looking for that in that question. I may be wrong though. I saw someone wrote on here about using level 2 inputs for the building, I put that as a level 2 is an observable input of a similar asset (not identical which is what level 1 would be). Did anyone else decide this? Also, anyone know what the answer to the revenue from contracts question was or the question where they wanted to revalue NCI using share prices?
@cfelicepace said:
I feel the same way! Was putting an average of 4 hrs a day ever since January and had worked all questions since 2008 some twice or 3 times… gutted… horrible paper.Yep ive never worked so hard for an exam and I’m just gutted. Don’t think I can go on to the next without resitting this one as this just takes up so much time on top of work.
Guys, the question with regards to the directors being unsure about how business models can effect measurement of assets. What where they referring to here? I went on to mention IFRS9 financial instruments and investments in debt. Is this complete nonsense? I just thought with the whole business model to just collect contractual cash flows etc
Hey,
Could you explain to me why the gearing actually went up please?
Much appreciated.
Could someone please talk me through what needed to happen with the Held for sale in Q1?
Also, the revenue from the retail park question – anyone remember what they put for that?
The question regarding the exchange rates (government vs official rate) – I’m looking through a Kaplan textbook and googling the IAS 21 but still can’t see what I’d write for this. Any ideas?
Very tough exam I felt. I’d been smashing all the practice questions with not much of a problem and put in 140+ hours. More hours than for any other exam. I know I’ve failed sadly!! So gutted its untrue.