ACCA ETHICS AND PROFESSIONAL SKILLS MODULE unit 7/unit 8

@onesadi28 - I suggest you read my advice (in particular) on this thread.

Hi, im stuck at unit 8 and im was nog understand. Could you please assist me?

@jycong1202 welcome to my forum. If you please READ my posts on this thread you should find sufficient guidance.

I have to thank all the commenters and answers and prompters in this thread for helping me complete Unit 8. Have a great day everyone

Data analysis and manipulation - test Screen 2 of 5 What would the predicted ticket sales with the following data: Distance from capital Population Ticket barrier Demographic profile of town Predicted sales 150 15000 30000 3 ??? DELETED

@KEMILSHAH see https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7

I think the wording in the question (unit 8: analysing the financial impact of the six strategic options) is somewhat ambiguous. The question wants you to calculate the DIFFERENCE to the Net Profit after each of the six changes, and not the new net profit. Even with English as my first language I think its poorly worded, so I think it must be pretty unclear for some who have English as a 2nd or 3rd language. Hope this helps

Hi, everyone. I hope everyone have found their way around it.

For EPSM 2023, I am stuck on Telford Engineering question (unit 8- question pertains to new accountancy department cost under 2 options), which has 2 options to select from- Option A and Option B. The calculation seems to be easy, however, I have tried all permutations and combinations but still unable to crack or maybe I am making some mistake understanding the question. If anyone is able to explain where the general mistake is made, it would be a great help. I am not asking for the answer, but a little help would be highly appreciated. Thanks in advance.

I ALSO CANNOT GET THE CORRECT ANSWER ON THIS QUESTION......

If you start at the beginning of this thread you should find sufficient advice https://opentuition.com/topic/acca-ethics-and-professional-skills-module-unit-7-unit-8-2

I'm really struggling with this question as well, is anyone able to help?

Unit 8 Accounting Department Cost Quiz. MEXIT This is a new question that has never been asked in the previous old EPSM Question 1 Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future. Enter the accountancy department costs for Option A (to the nearest $M'000). For your answer only provide the first three numbers and do not include any symbols, for example, "543". Question 2 Calculate and compare the forecast total accounting costs in the year following MEXIT under the outsource option (B); to assess which option will be most economical for Telford Engineering in the future. Enter the accountancy department costs for Option B (to the nearest $M'000). For your answer only provide the first three numbers and do not include any symbols, for example, I am not asking for an answer! I am asking how I can answer such a question. Reading the thread does not provide any answer because it is completely different from the previous epsm versions

In Q1 you are to find the cost of the in-house option - there must be data in the scenario to identify these costs - you are looking to calculate an annual cost - so any monthly costs, for example will need to be x 12. In Q2 you are to find the cost of the outsource option.

I used the scenario and worked out the in-house cost and the outsource cost. I can email you the scenario to have a look at my work. none of the answers is correct. I have been stuck in this quiz for almost 10 days and I cannot find anywhere to help.

Is this the same question? https://opentuition.com/topic/problem-in-calculating-outsourcing-cost If not, perhaps start a new thread

Hello saldhaheri, can you please connect with me on DELETED for the understanding on the unit 8 questions plz

@Huzefa - welcome to our forums, but please familiarise yourself with the rules https://opentuition.com/forums/forum-rules and do not ask individuals for private help

Hi. having issues with the two options question. Have calculated all possibilities yet answer remains incorrect?

@humera12342 - welcome to OpenTuition forums! Please see this post which is specifically about the in-house/outsourcing options: https://opentuition.com/topic/problem-in-calculating-outsourcing-cost

Hey I'm stuck on Unit 8, Creating the report quiz. Calculate the current sales profit margin percentage pre-exit (before MEXIT). State your answer to the nearest whole percentage and do not include any symbols, for example, "54". I cant see any figures talking about sales in either of the exhibits... am i missing something

Unit 8 Accounting Department Cost Quiz. MEXIT This is a new question that has never been asked in the previous old EPSM Question 1 Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future. Enter the accountancy department costs for Option A (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example, “543”. The way in which you can answer this question Total Accounting staff cost is $560 Deduct the staff cost for the staff that will resign before MEXIT i.e -2 fully qualified staff at $45 each -2 Partially qualified at $30 each and -4 Technicians at $20 each Find the total accounting staff cost after MEXIT (exclusive the Head of Accountant) This cost will require a 10% increase The Total payroll cost after the initial increase require a 25% increase for overtime and temp workers The calculate the Total Accounting DEPARTMENT cost.

Question 2 Calculate and compare the forecast total accounting costs in the year following MEXIT under the outsource option (B); to assess which option will be most economical for Telford Engineering in the future. Enter the accountancy department costs for Option B (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example The achieve this answer Take out the cost cost for the staff would resign pre MEXIT The staff that remain calculate the cost for those that will be made redundant then find 25% i.e - 2 partially qualified staff @ 30 -4 technicians @ 20 The other staff accounting cost will be amortization and non current assets which will be 40% less than their current cost or 60% of the current cost Staff to be retained the cost will be increase by 20% To the above remember to add the outsourcing cost and HOA

As a result of MEXIT, Telford Engineering had lost 30% of its pre-MEXIT export sales to CETA customers, due to increased trade and tariff barriers with CETA. (See P/L account before MEXIT in the spreadsheet). A new opportunity has now been negotiated to sell the original 30% post-MEXIT loss in CETA exports to a range of customers in alternative export markets on another continent. These can be sold at the same price, bringing the factory back to full capacity. The materials cost of these additional sales, as a percentage of sales to the nearest whole percentage, will be the same as it is currently (See P/L account one year after MEXIT under the outsource option in the spreadsheet). Calculate the effect on net profit (to the nearest $M’000). For your answer only provide the first three numbers and do not include any symbols, for example, "543". Please I need help with this. Someone please guide me.

Hi, can you please help with EPSM Unit 8, Accountancy department cost quiz?

@Pawel321 please read the posts in this thread.

Can someone help explain what the effect on net profit means? I feel like i must not be understanding properly. I can't get any question right. Right now I am assuming it means the increase or decrease

Yes "effect" is change. And if you read through the posts on this thread you should be able to solve.

Hi i am stuck on question 8 on ethics i have been trying for two months now my calculation for question b is coming at 565 for telfords outsourcing can you tell me what the answer is or where i am wrong

@msadhan - please see this post about the outsourcing cost https://opentuition.com/topic/problem-in-calculating-outsourcing-cost