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can anyone tell me if ACCA will send certificates to affiliates?
my address has not been updated….
@deborah123 said:
Failed too 48 – going for review too given I worked solidly for this. First exam I have failed twice and my final one. We should stick together for those with marginal fails and get them to look at these again.same here… I am going to apply for an admin review, then appeal to the Examination Appeals Committee. The admin review wont work, they just add up your marks again, it is unlikely they did this wrong at the first time. I will appeal because I think their marking scheme is wrong. I think I got a low mark for Q3 which is very easy. I have read the marking scheme, it shows like this:
Calculations:
Variable costs 2
Total costs 1
Revenue 2
Profit 1I didnt do these steps, I just wrote: profit=(price/quantity-variable cost/quantity)*quantity-fixed costs
My formula was right and I got the final result right, but I think they didnt give me full mark. So l lost at least 5 marks here. The marking scheme is so stupid, I dont need to calculate revenue and variable costs to reach the final result. And the question asks the choices for different appetites, it doesnt ask variable costs, revenue, totoal costs. There are different solutions, they shouldnt only give marks for one solution.
I think their math is fairly poor, this is the calculation we do in primary school. It’s like they ask to calculate 1+1+1, you write 3, they say no its wrong, you must calcuate like this: 1+1=2, 2+1=3… this is absolutely ridiculous.
And I also dont know how they mark the first question of Q1. The marking scheme says 1 mark per point – must be based on the scenario information. I just wrote a bunch of general comments of the report and links them to the case but not so much. I dont think there is any problem of this as the answers to Q1 of June 2012 are basically the general comments too (this question is basically the same as this years’). The examiner himself can write different answers to the same type of question, how can markers give us 0 mark if we followed answers of 2012. The examiner has an unstable mind, therefore the marking scheme is doubtful.
I am furious now!!!!
hey anyone arguing Q1(a), please refer to Q1 of past paper June 2012, the two questions are basically the same…
I know, I didnt actually mention ABM in my answer. I just wrote something about value-added and non value-added, which were basically the same as ABM.
VBM should be something about company’s value which is calculated using discounted cash flow….so I think I completely messed up…
In part A, I wrote a bunch of crap about ABM instead of VBM, whats on earth the differences between them? I think both encourage valued-added behavior/activities and try to emliminate non-value added.
Can anyone rememer the requirements of Question 3, does it ask risk aptitude of T and R or only risk aptitude of VC?
@sherlynlum said:
I failed P7. Took P6 & P7 together and failed both papers together. Both papers are 1st attempt.I quite confident with P7 as all I did answer and I felt confident about it! Was soooooooooooooooooooooooooooooooo disappointed ! Down ….. Sad….
me too….whats your score? my score is shocking…
@andriylviv said:
In June I sat two exams: P5 and P7. Today received pass for P5 but failed P7. This is strange, because after exams I had feeling that I will need to resit P5 rather than P7. This is strange. I don’t know how markers perform their work – it seems that they are doing this procedure with one eye closed. Congratulations to all who became an affiliate – you’re the best!I feel exactly the same… I got the first question complete wrong in P5… wrote lots of bullshits…I expected to fail in P5…but P7 was the best one I did among the 3 papers I took… have you noticed the poll here, most people felt P7 was easy or OK, but P7 has the lowest pass rate again…
Lisa is hard to please….she always uses”disappointing” in her examiner report…
so the marking of P7 should be very strict..@karenaustin08 said:
I failed P7 in Dec 11 but passed this time around. I paid the £50 for an admin review as I thought it was useful to see which questions I had failed so I knew where to concentrate my efforts for the Jun 12 exam. I also read the examiners article from Apr 12, Syllabus and Study Guide update, so many times I could almost recite it! This article was in the exam. I also brushed up on the accounting standards that are listed in Lisa’s Nov 2008 article, The Importance of Financial Reporting Standards to the auditor (especially the likely to be examined in detail section).I hope this helps.
thank you very much… your info is very useful for me..
I just dont feel the score is reasonable, I dont mind a fail but at least I can get a 45+, the score is too strange for me…I checked Lisa’s answers, I didnt do very bad at least I did quite well in the last two questions… I will definitely get it reviewed…you are quite right, I need to know where I went wrong in order to pass in the future…
I spent one month preparing for 3 papers, it proves that I was too confident, ACCA is not that easy…
not gonna resit this Dec tho…I have 9.5 years to complete ACCA..not in a rush:D
@greencloud said:
You must be Chinese, wish you good luck in CICPA exam~yes thanks…
did everyone who passed answered quite well?
did I get the low score because marking is very strict???
can you guys share some of your experiences so that I can decide whether to apply for a review?
this score really shocked me…
@khonkean said:
They just add up the ticks again rather than actually re-reviewing the script. Your £50 basiclly gets you a printed copy of the paper answer available on the website.
As Paddle27 say, don’t waste your money. Put it towards either the resit or a different paper… Now which one? P4 or P6???I failed P5 and P7, I did terrible in P5 and got a 45, why 39 in P7, really cant believe it??? I did well….
P6 is not an option, no one takes P6 in my country
it’s horrible, dont wanna take two papers in Dec… I have local CPA to take in Oct %>_<%
unbelievable, I got a 39 in P7, but I felt ok after the exam and I checked the official answers, I was hoping for at least around 50…
this is so sad…I dont understand why i got such a low score…
anyone applied for the review before? any chance to get the mark adjusted?
@ernstaugust I thought of it as a project, so I used project management model…
PESTEL is used to analyse strategic position not option… option is what to do…
position means where we are and what current suitations are…
quite obvious to use Ansoff in Q1(b)…I struggled with part c, didn’t have much to say…put lots of bullshits in c… I didn’t even know what I was talking about…
Q2(b) is about project management? Q(2) is process matrix, but how to evaluate CEO’s decision? I didn’t have much to say… waffled again…
I left 20 mins for Q4, didn’t read the whole case… answered both (a) and (b) partly…
Please dont say that you wrote balance scorecard in Part c , i have written Fitzgrald and Moon in Part c.
Hoping for sympathy in Q1 Part A.Critically assess the existing performance report , this is what its hurting me 🙁
I did the same thing again…hahaha…but I thought about it carefully after the exam, I believe the examiner intended to address balanced scorecard in (c)…it makes more sense as it’s very hard to apply building blocks to the case….but there is nothing wrong if you used building blocks, you can still get marks if you applied it to the case well…
The examiner could have just specified which model to use in (c), that would have made requirements clear… this is absolutely his problem…
For Q4, I feel it’s the easiest question in the whole paper….the company has only compared with unis of similiar size.. it may consider using other benchmarking such as industry, internal, best-in-class etc…
I did some calculations in Q4(b) and explained each, hoping to gain 3-4 marks…
I did fairly poor in Q1…T_T
@virgilbucur said:
Yes mate, you were totally wrong.
Do not want to scary you: but you should have assessed the current report and not the performance of the company. You should have focused on the fact that it contans only financial aspects, over detailled, inward, enhances short termist, inappropriate for strategy, lacks of non-financial aspects such as quality, customer sadisfaction or employee motivation.As improvements you could have come with ideas such: structe the report on a “balance scorecard” format and contan information on the 4 areas from that model and then discuss it/ or a “building blocks” model since it is a service company.
Hope we pass.
if you used balanced scorecard in (a), what was your answer to (c)?
Can anyone please explain me question 1(a)
Critically assess the existing performance report
What i did, i assessed the performance of the Metis.Then The question continuation was: suggest improvements to its content and presentation;
Here, I provided few improvements (not many)Please clear me, I did anything wrong 🙁
Worried
I am also IN for the petition against Mr. Watt.
I did the same thing, hahaha
I hope markers would give 2-3 marks to show sympathy
@smidsy said:
Unfortunitely for me, as I spent so long reading the scenarios for clues, thinking and straining for ideas, plus running out of time if I had any ideas to write, that I dont think, even if they lower the bar that I would pass anyway.same here… I think I am gonna fail cuz I misunderstood the requirements of Q1(a) thus lost 12 marks T_T… I didn’t read the requirements carefully…I was in a rush…I did Q3 first, then Q2 then Q1…finally Q4…(I went to the toilet after finishing Q1 and it took me 5 mins….had too much coffee @…) but even if I had carefully read the reuqirements, highly doubt that I could have firgured out what he was trying to ask…
Am I the only one who made that mistake in Q1?? am I that stupid??
it’s my first attempt, I started ACCA last Dec (got 9 papers exempted)…I dont mind retaking P5 but I am afraid I wont have time to do it as I have local CPA exams to take and plus Nov-Dec is peak season at Big 4… wont have time to prepare for the exam…
seems everyone did quite well… but I am confused…was P7 hard in previous sittings or was it as easy as this one? why pass rates have been so low?? I dont understand…
@darthvader001 said:
This passive attitude will not get us anywhere. Let me explain why:On Dec 11, I failed the exam with 48 marks. I paid £75 in order for ACCA to re-check my marking. Re-check MEANS: adding up all the points and see if they were correctly transposed to my email !! THEY WILL NEVER RE-MARK YOUR SCRIPT! They just told me that I have pass rating on 2 questions and failed 2 questions. Not even the marks/question.
I made the second complaint, on the Appeal Committee, asking to see my paper or to re-mark it. ACCA reply was, after paying another £65: the exam result is the same, we will not revisit the script.
ACCA feedback online=0. Nothing will happen.
What happened in the past, real case. My company (a Big 4), after all the people in the Company, starting with Managers and below failed one paper several times, addressed an official complaint as a Platinum ACCA Employer regarding the way that an Examiner constructed the questions and ask for a re-marking of the scripts: 60% were granted a pass. This, of course, was not public knowledge.
The power is in NUMBERS. If we are writing a complaint about Alex Watt as a GROUP, we will be HEARD. Otherwise, ignored and have to take this exam over and over again. I have finished 13 papers in 4 years and got stuck with P5 for the last 3 years!!
Please leave me your username from this site, so we can make a complaint as a GROUP regarding Alex Watt and this examination.
WHY: if the pass rate is very low ( as I will expect) ACCA has to raise the bar and push the numbers up, in order not to have an image problem. If we act now, they will likely investigate this BEFORE the marking process will begin.
AFTER the marking is done, IT WILL BE TOO LATE. I don’t want to take another exam in Dec and wait until March next year! Because, ladies and gentlemen, THIS IS WHAT WE ARE TALKING ABOUT: You will be qualified best case scenario NEXT YEAR IN MARCH !!!
add me plz
@angryhamtaro said:
The 4 professional marks for report format – To, From, Date, Subject, Introduction paragraph, Headings, Conclusion, and Appendix.yeah I also think so…
hey guys I thought Q1(a) asked us to assess the company’s existing performance??? so I compared 2012 figures with 2011 and 2010… the question says calculate something….if it meant the format, content etc of the report were wrong, why need calculations??? did I misunderstand the question???!! my gosh….definitely gonna fail….
what does Q1(1) ask? why did I see “assess existing performance….”
what’s the 4 professional mark for?