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@gahrorova said:
Anyone had question about Sportswatches, Tymewatches in section B?
And in section C about 2 Train companies, one being government company in a bigger country, other being private company in a smaller country, and question was asking to assess companies based on their NFPM???
I dont see any comments on this questions ?I had the watches-case in B section,
but I cannot remember much from thisI hope the five questions that are going to be picked for whatever reason and are not going to be part of our marks,
would be out of my unanswered or wrongly answered ones.In ROI and RI question I still am trying to make sure that I hadn’t missed any tricks:
We first had to calculate ROI and RI without any proposal. I only used the amounts for profit and capital employed without any adjustments, right? There were no figures available for depresiation or anything else.
In the proposals I didn’t adjust the capital employed with the cash for buying the machine as they said that cash flows are not manager responsibility without even mentioning how much it issue , right?
But now when I’m writing about this I start thinking that they were talking only about the cash already available and that cash from any future deals are actually of the manager responsibility.
How did you deal with this?Hi ceriset
… first question do you mean about the coal price and usage variations?
I did only the a part of it with the variations. I really don’t remember the figures but I checked the sum of all four variations gave me the total material variation, which is the difference between the total budget cost of coals-12000 and actual cost-15thousand and something can’t remember.I had same question about ROI and RI with two proposals.
It was annoying how at the right hand site of the screen I had available a word pad instead of excel spreadsheet.
So I lost so much time to write calculations on Word.
I’m totally disappointed of the CBE format. I didn’t expect it would be that elementary.
They could give a spreadsheet next to every question for calculating instead of using calculators.@zdzl said:
I did the same. Another C section question for me is police force. It was disgusting.Lily
Please tell us what exactly had to be done about the police officeDo know how can I get the answers and the solutions of the exam questions?
I had questions about variances and some others that seemed unlogical and couldn’t reach any of the given answers. So I need to know how to deal with them if I happen to deal with them next time.@tdiddy said:
What investment appraisal technique could be used as an alternative to Residual Income, I’m aware of Net Present Value from my f9 studies as the most superior investment appraisal teqhnique. But to mention that technique in the context of the F5 syllabus seemed incorrect, I mentioned Return on Capital employed instead…I pointed ROCE too for better approach to appraise new investment even if I don’t believe it has a lot to do with it. But I just thought that I have to consider only a measurement out of f5.
And why not reconsidering the room and ri of BM College would be “disastrous”? /as in the question/ We may say it’s unfair demotivating and leading to dysf.behavior and avoiding new investments, but disastrous?
@tdiddy said:
What investment appraisal technique could be used as an alternative to Residual Income, I’m aware of Net Present Value from my f9 studies as the most superior investment appraisal teqhnique. But to mention that technique in the context of the F5 syllabus seemed incorrect, I mentioned Return on Capital employed instead…I mentioned ROCE too even if I don’t believe much in this But decided that is the only relative measure out of f5.
I want to know if somebody did the secton B question with the operational and planning variances. It couldn’t reach to any of the given multiple choices. I lost time guessing how they reach to any of these answers.
In the paper based exam,
The 10 points question with variances… was quite unlogical to find operating and planning variances if there is no revised budgeted data. Even if I use the adjustments in the question I still couldn’t reach any of the multiple choices given. And I was very well prepared on variances and never met similar situation in the past papers or mocks.@missboo said:
Material weren’t controlled by the manager, the new price was via the purchasing manager. I double checked this myself and referenced it in the next question.Even so, I think the budget has to be adjusted with the new price,
And the manager will not be kept responsible for the variance. Otherwise we should prepare a separate budget for every manager’ responsibility.
This is my logic@sosa said:
I did a flexed budget. .for six months which involved dividing most figures by 2 with the assumption that sales revenue and costs are generated/incurred evenly throughout the year.Then i adjusted for the three items in the notes (eg material costs falling by 10% in the beginnig of the year meant total direct material costs * 0.9 then divided by 2 to get flexed costs)
After flexing everything, i compared flexed results to actual for the variances. The total of all the variances should be equal to the difference between standard flexed profit and actual profit in the table.
Did you apply the formula for variables:
Cost allowance x actual units/budgeted units.Sosa
In the flexed budget did you apply the formula for variable costs
Cost allowance x actual units/budgeted units?I was pretty well prepared with variances but couldn’t do them in the 10 points question. Unbelievable. I even noticed a mistake in the question for sales variance- the profit for the second material was written 25 price, 15 variable cost, contribution 5
@misha95 said:
The 600 pounds in the question had to be grossed or was it the Net figure ?Does anyone remember?The amount of pension contribution was net. We had to gross it
I liked the long question for corp tax.
But the loan interest i was not sure. Pls anyone can tell for sure how is it to be done.
Later in same q I took property loss b f and set it off against total profits. Right?About how long to keep records for business of individuals I think it was 5 years after filing date. Six years is for companies.
In the question about Martin and Naomi…
After 50:50 of property income and dividends, the only specific things were:
– increase of basic band of Martin with gross personal pension
– reducing the PA of Naomi
Right?About the loan interest received:
I recalculated it as: accrued at the end plus interest receivable minus accrued interest at the start. I’m not sure about this.In the VAT first question about the fire equipment what did u answer? I answered b – 1445
Well about the lease I don’t think that the question wanted all expenses for p&l. Wasn’t it something like – what is the current amount of the right of use bcs I was wondering what is the interest rate given for
@jamusuf said:
@mkwalters are u sure about lease ? Isn’t the interest on the lease to be expenses as well ?Yes I think interest should go as well to pl if the question asked all the expenses but i forgot to do it…
There was a question about where to pay dividends from?
I picked No matter from what kind of shares the dividends are paid out from retained earnings…
It was just a guess so pls if somebody is sure about the right answer…mkwalters
You are right this is what I did but
Do you remember well what was the question ?
Was it enough to reach the depreciation only or we had to add the interest charge as well
