*** ACCA F5 December 2016 Exam was.. Instant Poll and comments ***

I think the examiner was a bit generous with (32)b stating why you feel some costs were excluded or included in the calculation of net profit and capital employed. I didnt answer the part well though . I know investment centre manager has control over the cost, revenue and assets.

Hi 2 questions please

In question 31 a where we neede to prepare rolling budget what did fixed compund sale growth meant ?

And 32 a where the expense of feeign currency controllable or not?

Hi, what did you choose for the MSQs:
1. Which one should be in closing system – Is that “control design…”?
2. Which is not in flow cost accounting?
3. Was the “appointing the transfer price” in responsibility of the division?
4. The optic service is “simultanous, homogeneous, non-perishable” or smth else?
5. Information security question : Was the answer “distribution of the unique passwords for all”?

One I wasn’t sure of was the question where it asked which of the 4 options would improve the TPAR: next year’s factory rent reducing, the cafe requesting a discount, more demand for cupcakes & bulk discounts on flour and sugar. As far as I could see only the cafe requesting a discount was wrong, the other 3 were right? Cupcakes had the best TPAR therefore increasing demand for them would improve the overall TPAR, discounts on ingredients would improve the throughput and therefore the TPAR, and a decrease in the factory costs would reduce factory cost per hour therefore improving TPAR. In the end I picked the ingredient discount and the increased demand for cupcakes but really not sure if this was right!

I also wasn’t sure of the answer for the ‘which of these is a closed system’ question – I picked target costing but again not sure about that one.

Overall I think the exam went well for me – I did the CBE and the constructed response questions were daunting at first but once I’d started writing my answer or constructing the spreadsheet things fell into place. I was surprised that there were no questions on learning rate or price elasticity of demand – in fact the formula sheet was not needed at all!

@claudioaxiaq11 said:
Hi 2 questions please

In question 31 a where we neede to prepare rolling budget what did fixed compund sale growth meant ?

And 32 a where the expense of feeign currency controllable or not?

You needed to look at the previous rolling budget and calculate the incremental growth for each quarter. The sales were increasing by 2% each quarter – therefore for your rolling budget you needed to start with the first quarter sales as 2% higher than the actual Q1 results and each subsequent quarter 2% higher than the previous.

I put the foreign exchange expense as controllable – the question said the divisional managers had chosen the policy to allow foreign customers 60 days to pay and therefore were aware that there could be exchange rate fluctuations.

how did you calculate the sales growth in rolling budget? the sales actual sales was more than the quarter 1 sales?

yes Administration same cost

I also done costs from actual results

I did that too…how did you calculate the revenue moving forward?

@azaramirov said:
Hi, what did you choose for the MSQs:
1. Which one should be in closing system – Is that “control design…”?
2. Which is not in flow cost accounting?
3. Was the “appointing the transfer price” in responsibility of the division?
4. The optic service is “simultanous, homogeneous, non-perishable” or smth else?
5. Information security question : Was the answer “distribution of the unique passwords for all”?

1. Not sure…
2. Waste flows
3. I said yes as it said they were responsible for negotiating all sales prices
4. Simultaneous as the service is simultaneously produced and consumed.
5. I put monitoring of emails as my thinking was this would only detect data loss and not prevent it – I was not sure exactly what ‘universal passwords’ meant Not sure if this was right

Not to sure how I feel…I guess it was OK overall. The MCQs were sketchy to me

1st MCQ. C
Closed system MCQ. C… Because it gave me a vibe. 🙂

Yes exchange gain/loss was in divisions controllable cost.

Not sure about rolling budget. I took actual and forecasted the other three quarters. Hope it have worked.

But still prayers.

Do you remember the answer for the 1at question of the baking scenario… what was the limited resource … i chose mixing