*** December 2023 ACCA PM exam – Instant Poll and comments ***

Part C also involved description of profit center, investment center and revenue center. This wasn’t included in LSBF material study, am I right?

Always interesting to see what other people had in their section C, and I’m writing a decent detailed impression of mine here below cause I for one really find it useful when others do so.

I also had transfer pricing, calculating the revised profits of the two divisions (10 marks) then asked to comment on how would the transfer price change if one division has doubling demand in the next years (like another 6 marks maybe), and then finally to discuss three benefits of transfer pricing (4 marks). Here on the last one I got completely flustered and went, “for the purpose of goal congruence when it comes to maximising profits of the parent company” and also “for taking advantage of price discounts or other brand deals that a division would not normally achieve elsewhere on the market” (sounds like complete Waffle to me and I couldn’t come up with a third)

Then my second question was on activity based budgeting. The reading and planning part of this exam took me SOOO long because it was not in the usual layout (when it comes to the cost pools and the cost drivers). Very confusing and it had a couple of sub sections on it with extra bitty calculations, probably like 16 marks altogether I’d say. Then finally the 4 marker was to discuss ways that companies deal with risk and uncertainty so I chatted a little about attitudes to risk, expected values, perfect information, trying to tie it back to the study case.

I reckon having seen what some of you guys had in the other version of the questions, (with ROI and ROCE) I’m considering myself a little lucky today. Praying for a pass!

Also section A and B were SOLID. I think I was only absolutely sure on the answer on 15 or 16 questions… x_x
BTW. This is a resit for me. I genuinely genuinely am starting to believe that’s its all down to luck of the draw. (Which is a really sad realisation lol)

Yeah same section c tp question ?. What was the profit tho ?

Section A and B seemed ok, but section C got me, it was awfully, I spend so long time on question about budgeting, preparing a budget based on activity. I did not understand it, it was a confusing question. Other question in part C was about transfer pricing, at least a bit more understandable and did make some calculations, so maybe scored some marks for that. This was my first sitting. I really hope, that I managed to get at least 50 marks.

I thought overall it was a bit of a tough paper in comparison to previous ones I’ve done.

Section A was pretty tough.
Section B was a lot of variances and ABC

Section C- one was on a charity Zedlands (14 marker on analysing performance on 5 set areas) and I believe the can’t remember what the 6 marker was on

The other question was flexing the budget. I messed up on this one as I only divided this by 2 and didn’t flex for the number of units. Hoping I wouldn’t have lost too many marks because of this?:( (10 marks)

4 marker on beyond budgeting
6 marker on the importance on revising budgets (planned and operational) and performance analysis

I missed that budgets were for 6 months. 🙁 that’s why I got all variances adverse. So shame as I though question was quite simple but seems I didn’t read question properly

I think I got the same set of questions as yours,

My section B were: Bottleneck, Incremental and ZBB budgets, Relevant costing

and in C section I got ABC budgeting and transfer pricing

Actually I found section B pretty Fair, However, section C for the ABC budgeting was a shock to me
as I never saw a similat question in past exams, even though BPP revision kit included a similar one, but I mainly focused on RI, ROI, Variances and financial perfromance and I barely got anything related to them. That thearotical question about dealing with uncertainity I was not sure what am I supposed to write? I can’t even comment about the transfer pricing because I do hate it.. and I was praying to get variances over this but life happens. The good thing is that the included multiple of theory questions, praying I get rewarded marks over this to grant a pass.

to be honest I found section A a bit challenging comparing to the mock and past papers,

Same question set as mine,

I think I did pretty well on the theortical questins about transfer pricing system and the uncertainty I was able to write around seven points. But the calulcation part in both I am not sure If what I did is write.

I revised so hard for Variance and they come out as 2 small questions in Section A. Not even need any calculations. @_@
Session C The transfer Price and ABC budgeting.
TP is quiet challenging. I have no clue.
ABC is madly on spreadsheet. I could not type a sensetense. I don’t know if the table get any marks.

I go that question Budget one and other one was NFP organisation

Does anyone remember what they got for the ROI and RI figures?

I think we had the same questions for section C. Transfer pricing was rough. I feel ok about the ABB question though