PM*** ACCA Paper PM December 2018 Exam was.. Instant Poll and comments ***

What can I say...beyond budgeting. I didn't see that one coming

It was mentioned on Acca technical articles. It looks you had the same version of the exam as I had. How did you find it? Did you also had ROI and RI on c section and sales variances on sec b?

I never saw it coming at all. In short, I never paid attention to that. Thank God, it's only 2 marks, but that's something thou when it comes to ACCA, every mark counts.

I really loved my ROI and RI part C question. Prepared well for that. The second question on budgetory control statement is what I'm not just sure I understood the requirements well. Never liked variance so was really glad that was just 10marks in part B

Yeah, same version. ROI and RI in section C and variance in Section B.

Funny thing, i had seen the definition just before going into the hall. I only skimmed through it. I tried loading it to no avail. Gutted!

I found all the questions in Section B very difficult especially the Nuclear factory and the theatre one. I thought I was quite well prepared for variances but couldn't even do those.

PM gone, all energy on FR tomorrow. However, i hope the result comes out well. Time was just too fast!

The variance did not look like the variance I had been studying. Sincerely thought I have any question on variance covered 100%. But.........seems this variance is for Advanced performance management

I guess you wrote CBE, right? That is how it is, five questions are just for research and you won't be scored on those five. You can't know the five because they are scattered randomly and the difficulty level is the same with the others

@Omar67 10marks are for the seeded questions...they dont count towards your 100marks.

Do you remember what answers you got? I got mixed up with whether to include controllable or not controllable figures for the capital employed

@adedolz said: I really loved my ROI and RI part C question. Prepared well for that. The second question on budgetory control statement is what I'm not just sure I understood the requirements well. Never liked variance so was really glad that was just 10marks in part B

Do you remember what answers you got? I got mixed up with whether to include controllable or not controllable figures for the capital employed

The exam was really hard.

Does anyone remember the profit for radio co (a(i))?

guys can you tell more about th budgetory control statement :(

The exam wasn't that difficult. The mcqs in section A easy, only one QT in section B regarding Demingo being bottleneck was difficult I was also confused about the Revised Budgetary control statement question. Rest of Section C Q of ROI and RI was easy. ROI came as 22.63 and 23. And RI something positive.

@tasbihak I cant remember the exact results...wish I could, but sounds about right...in terms of RI I got 1 positive result and a 0 for the other one. Did you get 2 positive RI figures?

can you tell me whow did you approach the budgetatory control statement?

What did you use budgeted units ?

Revised Budget Control Statement... how did you guys do it?

I did a flexed budget. .for six months which involved dividing most figures by 2 with the assumption that sales revenue and costs are generated/incurred evenly throughout the year. Then i adjusted for the three items in the notes (eg material costs falling by 10% in the beginnig of the year meant total direct material costs * 0.9 then divided by 2 to get flexed costs) After flexing everything, i compared flexed results to actual for the variances. The total of all the variances should be equal to the difference between standard flexed profit and actual profit in the table.

Pretty good for me. Not hard at all but a few marks dropped no doubt. Panicked at the control statement but it was just a flexed budget with variances. I do the variances at work anyway. Few practice questions came up on beyond budgeting so should pick up a mark or two for that even if I was sketchy. Got the three Es but I can’t see any practice questions which cover this. Again I do similar at work so it should be ok. Covered spend per capita, % solves crimes, spending per solved crime for efficiency and some employee no.s per case etc. Then summarised. The nuclear power station was tricky because the numbers were so large. Had the bikes one which was fine - last minute change as realised it wasn’t sales mix then quantity but total quantity. Had the ties and hats questions. Section A was easiest. Surprised (relieved) no minimax regret etc. Or value of information. But no profit maximisation. Lots of learning curve which was good. The equity question was tricky, I got an answer somehow working out interest then debt first.

On the budget I didn’t add the 5% labour efficiency cost reduction. As it was controllable by the manager he should get credit for it. It wasn’t a planning variance.

Can anyone remember the three questions for Section B...? I remember there was one on variances, musical instruments and my mind is blank for the last one!

I studied hard for this exam, but I think I failed! The style of questions is what really made it more hard to understand and apply the calculations. A lot of throughput calculations!! My mind went completely blank, I even forgotten how to do the planning and operational variances!! So gutted!! Some questions appear as though there were missing figures/information in order to apply the calculations like the flexed budget question for section C. Down side, there were a few environmental questions which I simply guessed!!

I had. Yes, it looked too easy. A lot of time was on the description of the pricing strategies

This is my third attempt already!! Anyone think going to lecture classes at BPP or Kaplan and attending revision classes would be more beneficial? P.S I only watch lecture videos and don't practice pass exams or practice questions. My workplace is planning to fund my education after new year, I'm afraid the Finance Director might see my exam results history. :(

Is it just me or does anyone else forget pretty much a lot of things that were learnt after exams or in a short period of time. I feel that if I do end up failing again, I will need to relearn everything and spend so much time again.

Yes indeed it was pretty much same technical exam Do you or any one remember the roi and ri ans in section C And what section C q1 marginal costing and revenue