[randomness]

biryukov.tlt@yandex.ru wrote:I fail again. Already my 3rd attempt. I am so deadly tired. There is no hope.

Don’t worry mate, was my third attempt and got passed! Never lose hope! Only one month to go for another try and give it all you got just practice past papers and exam technique that examiner requires!
You can do it ! ??

[randomness]

biryukov.tlt@yandex.ru Don’t worry mate!

You can do it, mine was third attempt and finally done it !

Only one month to go for another try and give all you got.
Remember to practice past papers and exam technique which examiner wants!
You can do it!

[randomness]

Passed 53 % thought was fail according email logic being not received but thank GOD done with ACCA finally !

P.S. went through my brother technique in this exam that was to give a lot of time to first 50marks question and rest 2 less !

[randomness]

YALL I DIDN’T RECIEVED AND FREAKING PASSED
I CANNOT BELIEVE IT !!!! xD

[randomness]

Hello everyone,
I thought this paper was pretty well, I did following answers to questions if I correctly remember-:
Q1 (a) report to present KPIs for current CSFs and their connection with strategic objective of company
I divided the mission into two – three parts and then find the 2 recommended KPIs of those 3 CSFs and their connection with those parted mission objectives which were as follows
– To provide return to capital providers
For this part of objective the CSF was financial return which can measured through EPS and EVA or Market share
– To be world-class suppliers
For this part of objective the CSF was world-class software development team which can be measured through number of skilled staff worked efficiency and number of innovations through skilled staff.
– in its area of expert
For this part of objective the CSF was quality of imagine devices meet market standards which can be measured through customer satisfaction rate and customer survey by scoring rate system etc.

Q1(b) was about target costing
I calculated the target cost by taking profit margin of 20% on target price of $175 was gave $140.
For estimated cost we needed to calculate the price all costs per unit were added for inspection cost it was annually which needed to multiply by 2 years life of product hence it was divided by 250,000 for per unit,
There was rate of failure cost too which was 2.5% on each inspection cost and I took this rate on inspection per unit and added to all costs and got
Estimated cost of $161.25 or something I don’t remember! Also calculated 15. % cost gap related to target cost.
There was cost gap and needed to be closed even after product was redesigned! This means the inspection was still there even product was getting redesigned
Also told target costing benefit for the company and how it is calculated.

1(iii) this was about quality cost and which cost was responsible of external supplier (Xena) and what we were responsible for,
I wrote answer by telling there are two types of cost which are cost of non conformance and cost of conformance
Non-conformance are due to internal which are prevention and appraisal whereas conformance are due to external(means after production) which are internal and external failure costs.

Prevention , appraisal and external costs were responsible for the company as they have responsibility of delivering the product to customers whereas for internal failure costs the external supplier was responsible as product design was given to them by our company and hardware should of market standards before delivering it to customers.

1(iv) for this I wrote the external supplier wanted the information from our IS for financial purposes,
There are two sources of information which are external and internal
External information are not confidential but internal ones are
As our company was already sharing information of hardware design and other quality information with external supplier. By sharing financial information will affect on our capital providers as our company was already taking debts from venture capital
Leak of their information will effect on our financial sources and other information such as software will also can be copied and the external supplier can duplicate our software and make themselves the imagine devices as we were already sharing information with our supplier of hardware etc
This was the question 1 I could do

For Q2 (a) we needed to analyze the key characteristics which were perishable, heterogeneity, simultaneity and intangibility creating problems in measuring performance in respect to resource utilization and quality of service , it was pretty general knowledge in this part as e.g, dentist are our key resource but are intangible in nature hence it’s hard to measure their performance etc

For 2(b) the measures were already given and we needed to evaluate them and will they motivate our staff or not?
I wrote about dimensions connected with standards in reward criteria to achieve in order to achieve over all bonus of 2% up to 6% on salary if all of these are achieved and with their disadvantages on performance etc.

Now comes tricky question
3(a) was fair as we needed to find out which current budgeting was used and is it alright to move to ABB,
I wrote the current budgeting was used was incremental one as in 18 years there were only 10 stores of CRC and was steady but now there is rapid development as each year there are 4 stores being opened and currently huge store opening outside of town
This means large amount of activities are now being used and creates costs

There was also in deliver and out deliver items etc

ABB will be useful in this environment as it will also remove unwanted activities such as RFID which was introduced and couldn’t understood by staffs and still manual work was done by staffs etc

ABB is also helpful in keeping activities which are most valued by our customers high are ranked higher in budget to lookafter etc.

For 3(b) we needed to complete the analyst work which was the leased RFID in deliver items ( something it was called) and its actual costs was given
I calculated that part only and got adverse something like that , got not enough time on it though

So wrote the theory for variances and their usefulness for the business as it improves and measured the performance etc around 7 points I could write.

That’s all I could do in my skills for this paper

Hope everyone passes with flying colors and may God bless everyone with passes 🙂 !

[Author]

Posts