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Feel the same. The marking scheme seemed really strange for some questions.
17 marks on the balance scorecard proposal seemed odd when we could only speak about 2 of the proposed KPIs and justifications. Maybe I missed something?
Thought the same thing for 16 marks on ABM approach
Up to 10 marks on pros and cons on ABM for the scenario maybe? Seems like a stretch?
Then another 6 marks on suggestions of other solutions?
I wrote about BPR and Six sigma as an alternative since they didn’t have funds to invest in IT systems.God knows if that is what they were looking for.
APM PM 13:30 sitting – Couple of questions where it wasn’t obvious what was being asked at first but overall a nice paper!
Q1)
– Complete the financial statements i.e. DPS, current ratio, ROCE, RI (left empty)
– Evaluation inventory management system and performance reporting system
– Balance scorecard appraisal
– Behaviour impact BSC has on staffQ2)
– Apportionment of overhead of sales staff. Calculate and comment on impact
– Evaluate ABM and whether it should be implementedQ3)
– Risk attitude and challenges to changes in engineers’ compensation packages (Basic pay being reduced, fixed pay per visit and commission
– Director shares and general reward scheme linking to SH wealthHardest exam I have ever sat. Nothing came up that I had thoroughly revised for
Q1 – optimal capital structure
Issuing bonds and change to cost of capital with credit risk ratings
Cost of capital specific to the two projects
Sukuk vs conventional bondsOnly needed to calculate the new cost of capital but there were no npv calculations so lots of speculation on the assumptions and impact on finance and business risk
Q2 – swap costs vs futures and risk aversion commentary of the treasury team
Q3 – mbi and effects on employees and managers
fcfe, synergy in perpetuity. Work out the recommended offer price and gain or loss on per share after combinationAwful paper. Will be lucky if scrape 50!
