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Time pressured exam, I honestly don’t know if I will make it but tried my best to write as much as I could left a 12 mark question and didn’t do justice to the last question so not looking good!
This was a resit for me. Much better than the June paper. I did question 2 and 4. I thought 10 marks for EBITDA would of proved difficult!
Did not finish any question, spent too long on question 1…time constraint a big problem with this exam, doubtful for a pass
this was a fair paper…we just have to do plenty question practice for p5 in order to nail it. i am not saying i passed, (but i really wish and hop i did). for those who felt time pressured try timing yourself more under exam conditions during your revision. P5 is all about application not mere regurgitation of memorized material
It was a fair paper with so many topics coverage across the sallybus que 1 was bit tricky with so many topics to chk pyramid model was there in q 3 and in q4 reward system for accountancy firm
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I thought the paper wasn’t too bad, much better than I expected.
Interesting Q1 – it was not the usual “evaluate” but “explain why the performance dashboard was award winning” – so mostly find positives. Not the approach I have come across before and I think finding negatives is easier. Plenty to comment on though.
I thought explaining why the dashboard was award winning was a great question, loads to write about.
I wasn’t totally sure what the role of the accountant is in integrated reporting or how TQM could help Thyme specifically. My answers to these were a bit generic.
I think my answer about costs of quality control was also too basic, plus I was getting tired and taking too long, I needed to move on by then.
Question 2 looked the easiest, although I don’t like the calculations in this exam.
I was going to do question 3 but was running out of time and question 4 about staff appraisals and performance-related pay started looking better to me. Imagine having your entire salary dependent on getting 50 new clients every year when you work in a technical field that demands a second language as well as up-to-date tax knowledge of 2 countries. I wouldn’t take that job!
I thought Q1 was good and interesting. I did ques 2 and ques 3 – with 10 minutes to go I realised that in q 3 they had given 12 months of one set of figures and only 6 months of the second set of figures so I had to re-do everything again for the third part for 11 marks! I did not finish but at least I managed to get some calculations down and a few comments. My first attempt at P5 so I am hoping for a pass but I suspect it may be a rewrite in December!
why goodwill written off amount was different in scenario and extract?? Anybody ?
Q1 was the easiest question but still managed to leave last part half finished…does anyone remember how many marks went for each question part, etc…didn’t have time at end of exam to estimate marking scheme to gauge a pass/fail
This exam was much better than the June one so I am hoping for a pass. I am already tired and frustrated with this exam, just want to pass and move on. Just hope I wrote enough and applied enough to the question to get that pass. Aye.
Much better than June. This was a resit for me. I self studied for both attempts. I expect a pass.
Did questions 3 and 4. Attempted all questions.Questions 1 was good.
In question 3 part c the analysis was for a 6 month vs a full year. Realised this after i was almost finished. Made some recalculations and changed some statements to much. Hope thats enough
@romeovictor said:
why goodwill written off amount was different in scenario and extract?? Anybody ?To calculate amortization by adjusting amount in p&l
What did you guys write in q1 part 3? (Target Costing with TQM)
@cheychey21 said:
This exam was much better than the June one so I am hoping for a pass. I am already tired and frustrated with this exam, just want to pass and move on. Just hope I wrote enough and applied enough to the question to get that pass. Aye.^ pls..what topics were covered this sitting?
I gave my last p5 paper in June, will be re-sitting in Dec… would really help to knw what topics were covered, so I knw what more to expect in Dec..Ok. I sit this exam in march and june so this is my third attemp. Topics included performance pyramid, TQM, cost of quality, assessing the positives of a performance measurement dashboard, ROCE, EBITDA, benchmarking, target costing and target cost gap, and integrated reporting (7 mark question). Think the last question was about reward or appraisal system, I didn’t read it in detail because I did not choose that one.
On another note: I think it’s just important to tell you that ACCA revision lectures held through webinars are saved and can be downloaded from vimeo. I think these are very helpful.
@cheychey21 said:
Ok. I sit this exam in march and june so this is my third attemp. Topics included performance pyramid, TQM, cost of quality, assessing the positives of a performance measurement dashboard, ROCE, EBITDA, benchmarking, target costing and target cost gap, and integrated reporting (7 mark question). Think the last question was about reward or appraisal system, I didn’t read it in detail because I did not choose that one.On another note: I think it’s just important to tell you that ACCA revision lectures held through webinars are saved and can be downloaded from vimeo. I think these are very helpful.
Thanks a lot!!
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@jj357 said:
In question 3 part c the analysis was for a 6 month vs a full year. Realised this after i was almost finished. Made some recalculations and changed some statements to much. Hope thats enoughOh no! I didn’t spot that. Was that the question about the consultant providing data on efficiency of receivables cycle? I understood it in a way that we had to comment on the choice of metrics provided, not the actual calculations, so I just said that all numbers were absolute and had little meaning as they were not relative to anything.
Somehow I am getting the feeling this paper is not as easy as it may seem.
Em literally tired of P5 & P7 on my knees now at front of lord with head down, MAY ALLAH SUBHANTALAH pass all of us, AMEEN
For the Target cost in Q1 (TQM) I wrote about Kaizen costing – doesn’t that use a target cost to aim? reducing costs after each production run to achieve target cost over the product’s life? I wrote something like that anyway… not sure if it’s right!!
I thought in Q3 part c we had to comment on the efficiency of the FCC project – you had to make calculations to see if they were collecting quicker, or collecting more etc. Well that’s what I did anyway – not sure if it’s right.
I agree – I didn’t feel too bad when I walked out of the exam but now I am doubting myself (as usual!)
I used building block to demonstrate link between organisation performance and employee appraisals in a service company in question 4 part a…part b i talked about problems of performance measurement linking too much to huge bonus based on uncontrollable factors
I used building block to link overall organisation performance in a service industry with employee appraisal in part a of q4 and then used problems of performance measurement as a cause of huge bonuses that are uncontrollable inflicted on employees in part b of q4…pretty generic however, tried to link to scenario in question
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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?
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