PM*** ACCA Paper PM March 2019 Exam was.. Instant Poll and comments ***

Alina - my first attemp to, I think your answer sounds most probable so well done for deciphering the question better than I managed. And good luck with F7 tomorrow:-)

@khilen said: I got this question to... I totally made it up - not sure what i did was correct. What i did was for each (hotel and water park) i listed out the revenue less relevant costs to come to a total net figure??? Is this how it was supposed to be done?

Same here just listed the revenue and costs in different scenarios and analyse at the end...I hope they have mercy on us and give us some marks...:))

Yes, I did not do incremental at all.Truth is I didn't even know where to start.

A similar question to Beds and Mattresses is in past paper March/June 2018 on the ACCA website.

Hi I have the same ans adv price 3975 for planning For operation 710 fav Usage 1600 adv for planning 600 adv for operation And 3rd part of this question ans was the revised price which they should budgeted for next month

I am slightly confused - I had absolutely different questions in C section. The first one was about optimum production plan, the second - about RI and ROI. Variances were tested in B section in my exam variant. No learning effect or risk were tested in exam.

Hi Khilen Yeah I toyed with this answer for a while! I picked the first option about having it encrypted. The other options pushed towards protecting the company as a whole but the question specifically related to how to protect just the spreadsheets going to to head office and not the company as a whole! It could be wrong. Haha

@alinawallner said: Robert, I think I had about 5 minutes of only thinking from where to start on the hotel question, is done anyway, hopefully we will get some marks. I stated to close the Hotel for the January and keep the water park open as the overall loss according to my calculations was the less than having them both closed or both open... Q2 I think we have the similar answer as the profit was higher for the company if was to buy the mattress from the external supplier... this was my first attempt, tomorrow I'll have a second try on F7....

How did you get loss for hotel? did you multiply with 31 days of January, since data was given on per night basis.. I had got profit for both of them

@mdafzal1999 said: How did you get loss for hotel? did you multiply with 31 days of January, since data was given on per night basis.. I had got profit for both of them

I did that. No idea if I was supposed to. I don't even remember what my conclusion was,I barely had time to finish the questions.

I had both as profitable - I remember multiplying by 31 days which I nearly missed initially as it wasn’t needed to arrive at revenue for the water park if I recall correctly. The challenge with these discussions is to start worrying when you realise you have a different or possibly wrong conclusion to someone else. Hopefully the ‘own number’ rule means we can all relax, so even if we’ve missed the initial mark we will benefit from our commentary on these calculations where they’re valid - fingers crossed ?

The same happened to me. I almost missed the 31 days however after seeing these comments it makes me feel a little bit better. Also did anyone put 0 for the security and the electricity as there would be no changes if the hotel and waterpark remained opened or closed?

@khilen said: In the MCQ Section A - there was a question on what protection can the company put in place to prevent employee gainig unauthrosied access to it... What was the answer??? I put encryption and firewall - Not spyware... This is bugging me

Was it the same one about how the employee used the finance director's log-in detail and accidentally sent staff salaries details to everyone? The answer should be granting the employee with different level of access on data records.

@mdafzal1999 said: How did you get loss for hotel? did you multiply with 31 days of January, since data was given on per night basis.. I had got profit for both of them

I used the 31 days, but I am getting confused now as there were 31 days* 120 rooms/ $100 but the usual occupancy was 90% and from that January you had to reduce the price per room with 30%, even on this bases your occupancy was only 50% and I can't remember is was another factor, but with all the costs adjustments I had a lost in both situation on the hotel...I can remember that if the hotel close the only cost that was zero was for the water... Probably I misread the all question...:( Guys don't mind me I realised only now that I probably missed to multiply by 31...I know I had it in my mind during the exam and probably was thinking that I did...

That’s how I captured them and stated that assumption under the £0, as I noticed this was referenced in previous examiner feedback as missed marks for similar questions

Try not to worry Alina - it sounds like you got most of it right. Use the learning for F7 tomorrow - it’s so easy to miss little details under pressure.

this is good to hear. I only put the 0's did not get to mention why as I was rushing for time. Also for the other part of the question with thoughts to consider before making the decision what were some of you guys responses cause I felt unsure about that as well. I spoke about the safety of having the water park open and how it will affect staff working hours

@robertroddy said: Try not to worry Alina - it sounds like you got most of it right. Use the learning for F7 tomorrow - it’s so easy to miss little details under pressure.

Thanks Robert :)

@shehzadhussain said: Hi I have the same ans adv price 3975 for planning For operation 710 fav Usage 1600 adv for planning 600 adv for operation And 3rd part of this question ans was the revised price which they should budgeted for next month

I got the same for usage variance 1600 adverse planning & 600 adverse operational. However I believe for price variance I got 710 favourable in terms of operational but 1775 planning. Good luck

I was a bit unsure too, from memory I talked about it being a new theme park so the profit would help to cover initial investment costs to mean breaking even sooner, regular hotel users potentially being forced to use a competitor hotel that might not return and the impact on staff of not being able to work along with potential new visitors not being able to visit.

ohh that answer sounds really good. Thanks for responding. I wish everyone the best with results..

I had the same section c on transfer pricing but may have got the part about the external supplier wrong (from memory it was only 3 marks) in part b i did talk about autonomy and goal congruence and how managers will take decisions in their interests, do u still think i will gain marks talking about this despite my calculations being wrong?

Hi Graham - So did you select only Encryption or did you select Encryption and firewall. I didn't think spyware was an option so left that one out.

@jahmesha said: The same happened to me. I almost missed the 31 days however after seeing these comments it makes me feel a little bit better. Also did anyone put 0 for the security and the electricity as there would be no changes if the hotel and waterpark remained opened or closed?

hi yes......does that finding of zero too include some mark? As I ran out of time for commentary....

I hope so as I ran out of time for commentary as well

Hi Connor My understanding is you will still get marks for correct comments on incorrect calculations under the ‘own number’ rule.

Hi Khilen, I selected only encryption but that could be wrong! Anyone of those could have been the correct answer!

On section C i had the question on the hotel/theme park and water park but I couldnt not work out if the costs in the table which they gave us represented 1 month or 2 months. What did everyone choose? I ended up taking the opinion that it was 2 months. Also on the last C question. I had the Best Co night hotel questions, what did people put for their performance reasons? I didnt do many calculations as i felt like i was running out of time and the calculations were only 5 marks. I think i went too general and put things like external and internal like the economy not being as good etc.

It looks like I was the only one with different C section questions :). 1) RI and ROI impact on divisional manager's decision 2) Optimum production plan calculation with scarce resource. Anyone else here with the same variant?

omg I had the same issue!!! I went for 1 month in the end!!! I also had Best Co Night Hotel question - I only did 2 workings for financial performance measure (ROCE and Operating profit margin) and 2 on NFP measures such as Customer satisfaction gone down and one more???

omg I had the same issue!!! I went for 1 month in the end!!! I also had Best Co Night Hotel question - I only did 2 workings for financial performance measure (ROCE and Operating profit margin) and 2 on NFP measures such as Customer satisfaction gone down and one more???