Forum Replies Created
- Posts
@trae57 said:
I think some of the papers have been marked. I got a text from ACCA telling me to register for the December examination. I’m a finalist awaiting my p4 resultsOf course some of the papers must have been marked. However, there is no correlation between the marked papers and the text that you received from Acca to register for the December Examination. The text is generic, and possibly sent to all students.
It was 9 marks question and I wrote about 7 points in it.
What did you write in dashboard question?
These are my points from dashboard question:
-Benefits of EVA being a very good measure in dashboard(3 Sub points)
-closer to cash
-shareholders long term value
-supports non financial behaviors like r&d and discourages dysfunctional behavior-TSR: – considers shareholder return and dividends which will be vital
-in particular thyme recently lost cash and TSR will show it’s share performance and incentives it’s takingOperating Margin: Basic measure will show profits from the operations, so good to evaluate profitability
Design: Very key part in manufacturing sector, leads to competitive advantage and critical factor to customer satisfaction, But there was no measure regarding design quality/safety as thyme’s engine recently failed
Delivery: Sells internationally so delivery is obviously very vital, also it leads to customer satisfaction as they will be depending upon us and is a good measure of level of customer service we provide (also one of thyne’s main objective)
But I did find out one flaw with it that there was no measure for the customer service such as TECHNICAL QUERRIES RESOLVED, now if we are producing engine and our customer is producing planes, their staff and management may have technical querries, We may need to respond to those immediately to help our customers.
-# of products set right at first, Also supports TQM approach of the, very good measure to evaluate how good our quality standards are and how well do we produce the things without defects that lead to lower wastages as well and efficient business cycle.
-Revenue Growth: Shows the growth in revenue and if we are to aim to be world class, we need to broaden ourselves up, so need to ensure a good revenue rise so worthwhile to have that in benchmark.
-Market Share: We need to know where to we stand right now and this is what market share in the dashboard tells us, if we are aiming to be higher and better we need to know where we are currently. Also takes account of competition as how good we are against them
-Dashboard was well presented and was not overloaded which will lead to board having ease to use these figures
-Management commentary also provided ease to know what the figures represent and making use of dashboard areas
-It showed a good trend from past two years which definitely shows how we are SHAPING UP to the future, including policies like TQM
-However they may have produced some external information rather than budgets to make it more useful (this could be due to govt being obsessed with budgets) and also some graphical representation of KPI would’ve been better
-All in all it was a well designed dashboard which covered good areas. And was rewarded due to it’s positives with respect to dimensions of performance being covered
This seems to cover most of the points on the dashboard. I used a balanced scorecard approach as the dashboard covers financial perspective, customer perspective, innovation, and internal perspectives. I then drilled down on each of the indicators under each perspective. Overall the dashboard is strategic, simple, and shows clarity in terms of PAIL, purpose, intended audience, information provided, and length.
@athinamagg said:
I wrote the wrong date (7 Sep 17 instead of 8 Sep 17) on the front page of my exam answer booklet. Now what? Is that a reason for grade exclusion?It should not affect your results. I made the same mistake in P2 in June 2017, but still got my result as pass. Do not worry about the mistakes on date.
Q4b was tricky. It was not simply advantages and disadvantages of centralised treasury function per se. It was to compare regional treasury function against country function; and then regional versus global.
Regional versus national treasury function will be centralised at the regional level; but when compared between regional and global the role is reversed. The clues are actually in the scenario as a new regional structure is in place and therefore needs treasury function that match the structure. It is more of an intermediate solution between the national and global treasury functions.
P4 Exam was tough and time pressured. I did q4, q2, and q1 in that order. I got confused on q4a after answering q4b, which is more of an essay or theory. Q2 went smoothly. Then l tried q1. The exchange rates and long information confused me. But I settled to do npv in NR after initially wasting some time. I di not complete NPV for Pusha. I converted the local cost into $ and NR. The local cost generally lower in Pusha than other countries. I then assumed that the NPV should be higher since that is main variable that changed. This then enabled to write the report to the board.
One good thing about this Exam is that the calculations are worth only about 35%. Judging by previous examiners reports and the mark allocation, the NPV calculation in Q1is not worth more than 20 marks. This leaves 30 marks for the theory, report, and professional marks. The hedging calculation in Q4 is 15 marks. The whole of Q2 is mainly theory for 25 marks. Thus for q1, 2, and q4, there is a total of 65 marks for theory, essay, report and professional marks.