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Lol!! Seems as though there were common areas which everyone tripped up on!
Glad we get results in 5ish weeks!
Onto Tax Tomorrow!!!!!!
To be honest I didn’t consider the WACC in question 1 – saw that debt/equity was 100% and left it at that, didn’t want to confuse myself anymore.
Anyone remember the rest of question 1? Analysis of the CSF and associated KPI? And something about the introduction of a new IT system?
Same, don’t think it went well at all, flunked on the EVA calculation and was horrendously time pressured – chose questions 3 & 4 as I felt they were the “easiest” but when pen came to paper it was a lot more difficult than expected.
How did everyone else find it?
Hi,
Hopefully the below will assist:
a) Performance Management is concerned with the key drivers that add value to a product or process and thus in tern attract and retain customers. An easy way of thinking about performance management is Critical Success Factors and how the variables contributing to the CSF can be managed
For example, a CSF could be – Efficient production process resulting in little waste and high quality products (indirectly resulting in customers receiving a superior product, therefore becoming a loyal customer)
A manager must then manage this CSF through control and improvement.
b) A Performance measurement directly relates to the above, in the sense that, how can this CSF be measured using KPI. – How can we quantify the success or failure.
For example, following on from the above, a Key Performance Indicator could be time taken to produce one unit OR level of waste material.
However, P5 is also concerned with Non Financial Measures so Balanced Scorecard or F&M Building blocks are examples of measuring non financial performance.
C) Performance management system is concerned with improving and enhancing current management processes to minimise failure or to achieve strategic goals. This links in with A.
In a nutshell, they are are the systems in an organisation by which the performance of an organisation is measured, controlled and improved.
For example, Value Based Management shows how much value a division or company is adding for shareholders through Economic Value Added. VBM Measures the value added which is compared to a benchmark (control – in this case investors minimum rate of return) and any improvements are implemented.
Let me know if this helps! 🙂
This is still on the syllabus.
The calculation for P5 per the BPP study text is:
(PV Return Period/PV Inv Period)^(1/n) x (1+i) – 1
Should be relatively self explanatory but you should get the same answer per your P4 method and the method above.
Hi, based in SE London – a revision buddy is a good idea given the amount of content to go over.
Message me if you’re interested in a study session!
Was a tough paper – lots on FV and agriculture, question 4 was also a very odd one! God I hope I pass!!!
I think the examiner was looking to introduce more numerical analysis…. he definately went overkill with the probabilities though.
Main thing is you attempted everything, acca have to reach their quota of pass rates so I’m just hoping the boundaries will be shifted if everyone found it difficult / similar issues arose.
Q1a – was done in a briefing report format and I used PESTEL for the macroeconomic factors (I got around 14 points for 14 marks) I didn’t use Porter 🙁
For part ii I didn’t use a formal structure, however just analysed the competition including relevant ratios (gpm / npm) , I think I may have lost 6/7 marks there.
And finally for part iii I gave 2 opportunities and 2 weaknesses and concluded – hopefully that will gain me 4 professional marks and at least 2 marks on iii.
Q1b was a polava, gave 4 separate sub headings with the relevant outcomes, but was unsure what to do with the probabilities! I included the 100m exit fee which was mentioned but I feel as though I may have only gained 4/5 marks (being prudent). From the sounds of it most people found part b difficult?
My two options were Q3 and Q4 – tbh I don’t remember fully what they were, anyone able to shed some light?
Overall, exam was super time pressured, I didn’t start writing until 10.45!
Just hoping I can scrape 50 marks!