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This DKK SBL paper really threw some curve balls! I was anticipating a question on technology and sustainability, and neither came up! Felt like the pre-seen added little to the scenerio’s actually provided. I got the following questions:
Section 1:
Report evaluating DKK’s performance using financials and KPIs and linking to strategic goals. Just one note on global inflationary pressure, and the rest was a spreadsheet with numbers. (24 marks I think). Found this actually quite difficult to structure, given so much information. Felt very broad and quite hard to link all the info to the strategic goals. Hopefully did enough under the time pressures.18 Marks I think … But I can’t remember what this was at all! Any clue anyone? I know it wasn’t on technology!!
Section 2:
Report assessing two proposals – one for acquiring a premium salon chain, and another for operating within premium gyms. A lot of pre-seen material, quite financial heavy info again. A lot of breadth for discussion, but very difficult to structure and get everything in within the time frame. Time management is SO key to SBL. Found this one easy to write about and challenged assumptions on both proposals, but difficult to structure/do to time. I think this was 24 marks again.Advising the CEO on the different leadership styles that could be adopted in the face of change for Salon managers rumuneration. 14 marks I think. Very little case scenerio for this one to link back to. Mainly knowledge based and hard to apply to DKK – felt a bit of a rogue question given the pre-seen material.
Section 3:
Analyse of the independence of the internal auditor. Ethical based question. Found this the easiest question of them all. 20 Marks in total.I got this paper too! The proportionate CGU method of impairment threw me off abit, with the grossing up of Goodwill – got myself in a muddle!
Also completely forgot to depreciate the asset under revaluation model (my brain was saying it was an investment property ! 🙁 !)
Frustrating, but the rest of the questions seemed okay, apart from the ECL discussion based question, which again, not sure what I wrote was what they were looking for. Hopefully enough to pass as really don’t want to study this exam again, I found it horrible!!
I also got the Expected Values question, and the wording was terrible.
My understanding, was that the first part asked for all profit outcomes (just the merchandise expected value calculated for the merch sales figure). Therefore, no expected value of total profit needed.
Then the second part asked for the expected value, which felt abit too easy of a calculation for a 5 marker?
Then part c, with calculating the probability of making a profit below £200k, I used the percentages between 8000 sales and 10,000 sales to work out a probabiltiy – but was very confused here. Don’t remember ever doing a calculation like that in my study.