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How did you guys calculate the expected ROCE?
I did it like this:
Multiplied each operating margin and revenue with their respective probabilities to calculate the expected values, then applied that expected margin to the revenue to calculate the operating profit. Then the usual calculation…of ROCE
Also the commentary for ROCE calculation was not required instead the examiner only requires comments on the use of expected values.
What was the possible answer for BPR question’s part II ?
The questions were clear and to the point for the first time! I guess our collective complains in the last session really helped here.
The paper itself was ok but lengthy. Manage to complete 85% properly and the rest in rush..been scoring 48 since last few sessions. Hoping just to manage a 50 at least inshAllah.
Can anyone post the possible solution for Q3 part 2? The expected profits were already given so the costing detail in the scenario was pretty useless except that each item unsold would require additional $5 to sell.
May be we had to calculate the losses after costs of these unsold items? But how?
@kth056 said:
@rawfay, Q3 really looked simple until u got to part B!
did anyone feel that in question 1, the first two requirements were almost similar!!? i ended up writing things for part (i) which was asked in part (ii) and then when i read part (ii) i went beresk!how do u calculate anything apart from waste cost and quality cost?!
I don’t know exactly, but measure of productivity was given as operating margin. Although not wrong, but it was better to use the keyboard per minute measure..which was given. A figure for previous year production was also given so you could also use the increase in productivity.
Rest all seemed appropriate to me. Calculated the waste and quality cost..thats it.
This subject has to be the most weird subject in any certification.
Q3 seemed really simple but it wasn’t :/
^Can’t agree more.
You can test the critical ability of students in so many different ways rather than making questions read like half written riddles, where you have to go back to scenario to find what additional things the ceo or whatever has asked you to comment or make an assessment on in addition to the base requirement of the question itself.
I’ve given so many professional exams but sorry I fail to understand the assessment criteria of this particular examiner. Love this subject to the core, always find it logical and interesting to study, read and practice.
But sometimes I feel, the examiner too, knows how easy the subject is, but deliberately tries to make it hard by designing riddle-like question requirements. Clearly lacks the ability to put down questions with clarity.
Q2 part B was not about money laundering i.e. ISA 240 auditor’s responsibility regarding fraud and error.
It was about ISA 250 laws and regulations. i.e. what an auditor is required to do if came across any non compliance.