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Finally 58% for me with the 3rd attempt…thanks guys for supporting each other…. wish the best to all of you! Goodbye acca for ever… take care of my money!
@sa1pw said:
@vaskont7 What did you mention in Benchmarking Problems for Performance Management?Let’s see if points reconcile:
-Only financial data given but it’s non-financial data that shows difference between the two business and what board should really plan for
-There were issues with benchmarks such as the choice of measures for benchmarking, Also one company was capitalizing development so by nature will be tough to evaluate them using certain financial measures and then use figures to assess
-Benchmarked company’s customers had moved to electric cars while in our country there was no such trend so benchmark and all these figures will be useless if we can’t manage by carrying these operations and going ahead in operations
-Economies of both countries were different so by nature their performance will be different making it rather tough to evaluate if benchmarking will provide value and how can business take account of varying environment in our country to manage(Developing economy vs an economy on low)
-Govt and other such factors were clearly in favor of of electric cars and development expenditure (Benchmarked company hd even made expenditure on new IT Systems), So due to such external issues performance difference will arise and provide trouble in managing performance
-Reliability of data can be questioned which will make further issues when managing performance using the data which in first may not be reliable (profits and capital can be manipulated figures)Well we havee some reconciling items…hehe. :p :p. just kidding… more or less is the same .. we are the same at 4 from your points (i didnt write down the 1st one..but i saw that most of you did…so itt was a kind of clisee, but my practise at exam kit book wwas poor)… i also mentioned that it was not a good choise to benchmark against a company that its on a different b phase… (the had already moved into electr cars 2 years ago) cause is a kind of “manipulating” benchmarking exercise…it would be better to benchmark against a company that is exactly on the same phase….however i dont know whether that was a good one. it may be stupid…anyways..just wrote it down to have 5 points ( it was a 7 points question, isnt it?)
@lucamucciaccia said:
Yes Impairment was given in the 1st paragraph but how did you treat it?I didn’t add it back to arrive to EBITDA….
more or less we have the same points… i think I have 4 points as you….most of them are comon sense points….i just had an extra point (but i am not pretty sure whether its a good one), telling that the benchmarking exercise is better to have been performed against a company that is on exactly the same phase and not on a company that has already moved to the new electr sector 2 years ago..and that due to the fact that it could be seen as a “manipulation” of benchmarking exercise to select a company that has performed a shift to a new Indurstry and the results are already known…
@sa1pw said:
What if we use closing figure for ROCE?well I calculated the avg capital employed, because somewhere in the scenario it was mentioned that the ceo was cared about average capital employed, or something like that…. i really dont remember what exactly it was mentioned…but it was a phrase like that…
@anastell said:
I also received 300 cost gap per engine.
The paper was fair in comparison with the previous! Hope for a pass.
What about the quality costs. The casus stated that the CEO has calculated the prevention costs and is aware of them but wants information for the other three categories of quality costs. Then the Q requirement was calculate and determine by group the costs of quality. The Appendix contained data for training costs which are prevention costs. I was a little bit confused between the casus text and the Q requirment. However, decided to group the prevention and appraisal quality costs in one column with commented of my assumption.
What about you guys?Well anastell, that was a confusing question… as many times in acca you are not pretty sure about what are you are being asked for…(at least this happens to me the last 4 years in many differene acca papers). in that list in the appendix…there were for sure external failure quality costs…so taking into account that i assumed that the ceo wanted to categorise all those different types of costs into the 4 different q.costs categories… so i did that.. and then gave some proposals for extra cost categories where quality costs can be hidden
@olshevskiy said:
In Q1 I had cost gap of 300 per one engine.
In Q2 ROCE was 13.7(13.8)% for C and 15% for F (benchmarked company). EBITDA was 27 point something for C and 52 for F.
Does anybody match?We have exactly the same results in all figures… for target cost gap its good cause i spent a lot of time on that during the exam date so i think that it cant be wrong for both of us… for roce (i caclulated the average capit employed (beg+clos)/2) and ebitda we have the same results as well…however i did them super fastly..so i dont know if there are so simple as what i wrote down…
We have exactly the same results in all figures… for target cost gap its good cause i spent a lot of time on that during the exam date so i think that it cant be wrong for both of us… for roce (i caclulated the average capit employed (beg+clos)/2) and ebitda we have the same results as well…however i did them super fastly..so i dont know if there are so simple as what i wrote down…