Forum Replies Created
- January 13, 2020 at 12:24 am
First attempt. Failed with 49! So frustrating.
On the plus side I passed FM.December 6, 2019 at 7:38 pm
I also had the NPV 4 vs 10 years. And nominal cost calculation then real cost.
I calculated my NPV workings based on 4 years due to the director comment at the bottom saying that they are appraised over 4 years. I used a depreciation value of 10 years. Not saying whether this is right or wrong, it was a little confusing.
With regards to the wrong question Paris Co, some people in my room were not even aware. We were not told before exam started, or even early on. A lady just randomly slid a peice of paper on our desks part way through the exam which I assumed was scrap and ignored initially. Fortunately I did not have the question containing the error.December 4, 2019 at 1:06 am
I’ve just realised after reading this that I didn’t actually touch my calculator during exam.December 3, 2019 at 8:53 pm
I will add my responses, should it provide any relief, though I mirror the uncertainty felt by everyone else.
1a – I completely forgot the terms of the matrix e.g star etc. However I answered not to invest in the corded declining market, they should invest in the cordless as they have a strong market share. Large sales and the market is still growing. I advised against further investment in the robotic due to the initial high sales price which has attracted a lot of competition and will ultimately lead to lower long term margins.
1b – if this was the question about the restructuring or refocus. I was stuck for theory so I just suggested that the marketing would need to change and be prioritised as this is a much higher value purchase and a brochure will not suffice etc. I also said they could tap into their existing customer base and offer them promotional offers on the new vehicle given their loyalty to the brand with previous purchases.
2a – external factors to speed – government and local council resistance to large coverage of charge points. Ppl will not want to buy if planning permission is hard to obtain if they wanted to build their own charge point near home, or if there are not enough across country. Won’t buy car if not large coverage of charging facilities.
3 – used porters diamond and found this question OK.
4. Email was a joke. No theory applied. I just emphasised the project managers point of first to market being critical, therefore confidentiality needed to be maintained. And that we as an intraprenurial company encourage ideas from anyone who believes the process to market can be made quicker. We have a strong brand and demand, just need to get it done first.
The most shocking part of all, was the guy sat a few tables in front of me who put his pen down at 12.30 and genuinely didn’t pick it up again. Wish I had that confidence (or glad I didn’t)September 4, 2019 at 7:23 pm
Areas not tested at all in section A, B or C (pretty much the areas you would revise!):
Pricing decisions (shadow price, price elasticity of demand, demand function, optimum selling price & quantity)
Value of perfect information
Section A questions:
2 x relevant cost (one of materials, one of new machinery for one off contract)
1 x throughput accounting – place products in order of priorty
1 x CVP
2 x target costing (one general knowledge & one working out cost gap)
1 x ideal standards
1 x environmental accounting (select 2 out of 6 options which relate to internal failure costs)
1 x return on investment
1 x difference ABC to absorption cost per unit
1 x management information systems knowledge
1 x Life cycle in relation to two aeroplane designs. Heavy data. (10 marks) – hardest questions I have personally seen in my life.
1 x Make vs buy and shutdown (10 marks) easy.
1 x Sales planning operational variances.(10 marks)
20 marks for the “3 E’s” based on 3x universities performance.
15 marks – rolling budgets – preparation of next 4 quarters for 9 marks, and benefits of adopting the approach for 6 marks.
5 marks – explaining beyond budgeting