ACCA ETHICS AND PROFESSIONAL SKILLS MODULE unit 7/unit 8

Sorry let me rephrase, I would like to ask about Q3, not Q2. Okay as I read through the earlier comments, I find that the additional profit is equal to revenue since there is no VC. So, by using the same sales equation created from regression, then the variable that needs to be changed is the $ spent on ticket barrier system. However, what about the rest of the variables? Are they still the same value as in Q2?

No it's nothing to do with optimisation - it's simply asking, using the regression formula, by how much do you predict profit to change (this amount being equivalent to sales) if you change one of the variables. You have no choice but consider this one change in isolation - but it also makes sense - how does $ spend change distance or population, for example? It doesn't.

Thank you Kim for the guidance. I managed to find the value desired and it just requires another step - rather, a simple maths to solve the question, "how much MORE profit can be earned" - to complete the job. Moving on to Unit 8

Hi Kim, I would like to ask about the Telford Engineering "Creating the Report" part, for Q2 and Q3, I had got the wrong values and I am not sure what steps have I not included? For now, I have so far accounted for the increase in staff departmental costs (except Accounting Dept.) and the increase in salaries for replacement staff in Accounting Dept. I am wondering have I not accounted for the decrease in exports & increase in import costs - due to exchange rate - yet which would affect the sales volume?

Can you please read through my posts concerning the final assessment on this thread. See above for example - it's a matter of reading the instructions and information carefully - there are no "tricks".

Yes Kim, noted. May I ask how about for calculating and comparing the accounting costs of 2 options? I got Q1 and Q2 wrong except Q3, yet I still passed which I am not very content with! What is it that I have done wrong? For Q1, first of all, the question was telling me there was 10% INCREASE IN CURRENT SALARIES and an ADDITIONAL 25% for PAYROLL COSTS (which means increase in accounting admin cost: material & variable overhead by 25%??). As for Q2, I had ignored the outsourcing cost & the total cost of making staff redundant but focused on the non-staff cost savings and the 20% increase in salary. Yet, I still got them wrong. May I get you advise on this?

I cannot provide any more detail because I do not have access to the module itself. I have some additional notes but I am away from my office this week. If I can find anything else when I am back in my office on Monday I will reply further.

Hello, I've tried severally to get the answers using the effect and its not working. Can you help breakdown how you went about it? Could help me get it right on subsequent attempts. Thanks!

@Mida31 - I suggest you take a break from it - I think a problem with simply trying and retrying over and over is that you don't see anything different in the wording and just make the same mistakes. I recommend you read carefully through the hints dotted around this post - take a break - and then try and attempt it with "fresh eyes". As I have said before I don't have access to the module but look out for these types of details: "EFFECT on NET PROFIT" "to the nearest $M'000" "INDEPENDENT strategies" "USE the following profit or loss statement as the BASIS for your analysis" "ASSUME that ...." etc, etc

Hi! Please can you provide your experience?

Thank you for all the posts as I got really stuck and thrown completely. I read and re read these posts and the word EFFECT is the winner! I was about to give up.

THANK YOU Melanie! I wish others would believe me when I just say to READ CAREFULLY :-)

@anubhutityagi - you've found the right thread - please read my posts on it.

Hi i had struggled for Telford unit 8 answers I won't give the direct answers, but keeping the ethical behavior intact i would like to help the students who are struggling. As you have to score only 50% to pass so i will suggest to focus more on Question No. 3,4,5 as these are easy. Most important thing is you need to report the differential figures between MEXIT P&L and new P&L (after applying the changes mentioned in stated Questions). This is the only trick and i hope i have not violated any ethical rules. TC and Good Luck.

You merely restate what I have been saying in my posts - and thank you for NOT posting the answers as I would have to delete them :-)

Would you help me please solve this problem unit 8.8 as 6 strategic options for find net profit.

You've found the right thread - you just need to read and digest the posts.

Hi DELETED

@diksha2108 - please REFLECT on the ethics of your post - or the irony of such a post on the EPSM forum. If you take a few minutes to read to posts on this or related threads you will see that the final assessment is quite doable.

All questions require the impact on net profit post change. Does it mean the difference between the calculated profit and the profit being calculated for each strategy

In short - yes - if you read through my posts on this thread you should get the gist.

Good day, I am struggling with question 1. calculate the forecast net profit of Telford Engineering post exit (after MEXIT) assuming all staff who resign are replaced to the nearest $M‘000. Especially (Assumption 9). Is it necessary to consider the effect of inflation on wages?

@561bart - welcome to this forum! I think you will find helpful hints if you read through the comments on this post.

I suggest you read through the posts on this thread. (This is the top of the 3rd of 3 pages of posts.)

I have struggled with getting the correct answers to these question even though they are actually quite simple so this could be the one of the common error. The question is actually just the EFFECT as in 'ONLY the CHANGE' in net profit after MEXIT. (I previously added 100 of the net profit to my calculation, which was wrong.) Hope this helps.

Hi, please would you be so nice and help me with the MEXIT case study?

All the advice you should need is in this thread - please read the posts before yours - perhaps start at the beginning and note all the 'tips'.

With this insight on how to answer the questions, I managed to get only two correct 4&5. Can anyone explain more on how to get answers for the remaining ones

@acca18taolo - this is the 3rd page of posts on the subject - you should find sufficient insights if you start at the beginning: https://opentuition.com/topic/acca-ethics-and-professional-skills-module-unit-7-unit-8-2 https://opentuition.com/topic/acca-ethics-and-professional-skills-module-unit-7-unit-8-2/page/2 I suggest other students have found the 2nd page most useful.

I must say this module gave me a lot of distress over the past few days. After reading @shabaz94 comment it became quite clear to complete this morning. Thank you!! If anyone requires additional help please feel free to refer to his comment or contact me.