[ross1605]

Passed first time with 72%. Very shocked to be honest, though it was going to be either just below or just above 50%.

Best of luck to everyone!

[ross1605]

For Q1 goodwill I included the provision as I thought it was an adjusting event that should have been in included in net assets. Not sure if anyone else did this?

[ross1605]

I had the Yexmarine case study

Q1 – on the strategy committee suggested benefits and issues with proposal such as no FD or no independence on the committee

Q2a – To do with organisation change, was a bit confused (feel this question was not well written?) Discussed how rapid change can affect moral and uncertainty, employees feel they are not being heard

Q2b – In the letter tried to be reassurance, stated taking risk analysis on flooding, will provide training and employee representation on the board

Q3 – Evaluation of the two projects, I discussed each element and concluded with the Dinghies as they payback quicker, less risky and allow contingency funds to support other important strategic decisions

Q4 – On the risks of the move to Lympool discussed using the risk map and couple of other suggestions such as ensuring insurance cover loss of income in case of flooding and more proactive approach to the obsolescence products

Q5 On benefits of the e-marketing company, discussed benefits of outsourcing and the 6I’s

I generally felt the paper was okay apart from question 2 which was a bit confusing and didn’t really fit into anything i studied. It seems that there was a lot to study and only a couple of areas came up.

Best of luck to everyone, this is a mammoth paper in terms of things to know.

[ross1605]

Took PM in December, was not too hopeful given I thought it was a complex exam but was pleasantly surprised to pass with 60%.

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