Forums › Ask ACCA Tutor Forums › ACCA Ethics and Professional Skills Module › ACCA ETHICS AND PROFESSIONAL SKILLS MODULE unit 7/unit 8
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- January 2, 2023 at 11:16 am #675296
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
January 28, 2023 at 8:56 am #677499Hi, everyone.
I hope everyone have found their way around it.
July 13, 2023 at 9:03 am #687917For 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.
July 13, 2023 at 10:00 am #687922I ALSO CANNOT GET THE CORRECT ANSWER ON THIS QUESTION……
July 13, 2023 at 11:31 am #687926If 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
July 13, 2023 at 12:17 pm #687928I’m really struggling with this question as well, is anyone able to help?
July 16, 2023 at 5:12 am #688038Unit 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
July 16, 2023 at 8:45 am #688040In 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.
July 16, 2023 at 2:48 pm #688060I 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.
July 17, 2023 at 8:09 am #688250Is this the same question? https://opentuition.com/topic/problem-in-calculating-outsourcing-cost
If not, perhaps start a new thread
July 23, 2023 at 11:40 am #688765Hello saldhaheri,
can you please connect with me on DELETED for the understanding on the unit 8 questions plz
July 24, 2023 at 5:01 pm #688821@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
August 15, 2023 at 5:39 pm #689975Hi. having issues with the two options question. Have calculated all possibilities yet answer remains incorrect?
August 16, 2023 at 8:06 am #690018@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-costOctober 5, 2023 at 12:09 pm #692854Hey 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
December 11, 2023 at 9:49 pm #696618Unit 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 eachFind 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 workersThe calculate the Total Accounting DEPARTMENT cost.
December 11, 2023 at 10:08 pm #696619Question 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 @ 20The 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
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