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Post your comments about December 2011 F5 exam.
What came up? How did you do? How did this paper compare to previous exams?Vote in our Instant Poll
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Q1 – Relevant costing (14 marks for listing out the relevant/irrelevant cost)
Q2 – Transfer Pricing
Q3 – Discussion on Budgetary system (100% written)
Q4 – Lifecycle costing & Learning factor
Q5 – Variance analysis & ABC (2 marks for ABC only)Overall I feel was the difficulty of the paper is ok but the topic came out was rather unexpected to me. And sucks to say but I coplied the wrong figures under Q5.. I used budget figures instead of actual.. only realized at the last minute but no time to do any amendments 🙁
The exams consider quite tough for me perhaps due to bad time management, but I think I can manage just to pass
Question 5 – Variance analysis – This is the simplest and not complicated question in overall.
Question 4 – Lifecycle costing – Consider easy but detailed calculations needed,
Question 1 – Most parts ok.
Question 2 – Part (c) i have no idea what to write.
Question 3 – Generally OK if have plenty of time but I am under very tight time constraints for this question as I only left 15 minutes for this question 🙁
Hope I can pass 🙂
Hope to pass!!
Time was a limiting factor though 🙁
It would be a waste if I don’t make it this round because the the difficulty level for the paper was ok. Never know what may pop out for F5 in the nest sitting!!*fingers crossed*
Hoping for a pass at least!!- Topics: 0
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The paper was okay. Time constraint was an issue.
Opentuition exam tips were awesome!!
q5 was tricky.
Like everyone else, I also feel this paper was just… Ok. Not hard, but not easy either.
It’s actually weird, I don’t know if I am supposed to worry or relax! 😛
Ah, well, it’s behind me now, onwards to F9!
PAPER WAS OK, MADE A HUGE MISTAKE ON TRANSFER PRICING WHICH I THINK WILL COST ME A LOT OF MARKS, HOPE WILL MANAGE TO GET AT LEAST 50%
my muck always go bad for paper f5 though this is not my first attempt but still its hard for me fight with time seriously m feel like being pissed by ann iron learnig curve need more time then it is allocated tried my best lets see what will gonna happen
Couple of quick questions to everyone.
The variances Q, was that for purely calculation or was there a written part also??
The Transfer Pricing Question, Was the solution to do a divisional profit statement as it was then do another divisional profit statement excluding inter-company (as they were purchasing from outwith company)
I just sat the exam an hour ago and forgotten already!!!
Q3 disaster. BPP didn’t put any emphasis on this topic whatsoever so I haven’t revised it at all:( I can’t believe I lost 20 marks on such a simple topic.
And I messed up ABC expenditure variance. I realised that LITERALLY 2 seconds before invigilator collected my answer booklet. Damn it!!!! 🙁
Hope for at least 50 marks !!!
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The first time, i failed because of my “Lack of Knowledge”
Now this time, i had the ‘sufficient’ knowledge necessary to pass the paper ‘easily’ …. but “Time Management” will be the cause of my failure 🙁The DISASTROUS PART … I left about 40 marks (approx) and what i Did do … wasn’t enough to pass the paper.
And its me, the one with 2nd attempt … it was “one of the easiest F5 Paper” ever created, but time management was a ‘tricky’ part as first 3 questions were too lengthy.
Time a serious issue on most questions
Q1 was relatively ok.
Q2 I made stupid mistakes then ran out of time and only wrote a couple of sentences for the last part!
Q3 Couldn’t think of a 5th or 6th point but the ones I did were ok
Q4 Ok I think, discussion probably not very strong.
Q5 Messed up the yield variance then didn’t have time to correct. Really frustrating since I knew how to do it really!
Overall I felt if I’d had more time I would’ve made a better job of it but I’d like to think I passed.- Topics: 0
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3 question really killed me! How the examiner put 20 marks for the wholy theoretical question?
Forecasts were completely different.. No CVP or environmental management at all
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Q 3:
1. Planning
2. Control
3. Communication
4.Co-Ordination
5. Evaluation
6. Motivation- Topics: 0
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The examiner is taking it to P (Professional) level…
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Unexpected…. TOO much for 3 hours!!! Like usually
Q5 – if I remember correct ABC variances were on 4 or 6 marks but not 2 (not sure) – those were not attempted, and stuck a little bit on yield var., lost too much time – just stress
Q2 – should fixed cost had to be included? Does anyone remember the answer?
Totally not sure about figures, I remember the cost per unit come out smth around 82 and correction on learning 8 +-
Just realised that have no idea if the Q3 were answered in a right direction (((
Was it a “objectives of budgetary control”? I made some point regarding motivation, coordination and etc.
Q1 – had only 15 minutes left on it, so just made some workings
Q4 – again not sure – I finally had profit increase for both divisions if buy/sell externally Still have no idea what should be recommended to set the target price…
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The paper was alright except for Q3… which I totally don’t expect it to appear.
Manage to do the other 4 smoothly….UNEXPECTED TOPICS!!!
– I was shocked, especially with Q3 for 20marks….has been studying with BPP & they didnt even cover this area, or if so, it was only mentioned…20marks lost!!!– isn’t F5 is called ‘Perfomance Management’, so where has been a question to assess the perfomance of the business!? I do not expect it to come up every exam & gain 20marks for it, but clearly performance management topic is the main one, even 10-15 marks question help….instead we had ‘budgeting system control’ (Q3) I can bet non of us pay any attention to it while revising. Big topic Throughput accounting has not been covered either. Im shocked:-(
Overall, with the amount of work I have put through on variances (especially planning & operational), performance management assessment, linear programming & throughput accounting…all my knowledge and hours……hours …hours of studying has been worth 5-8 marks regarding Dec 2011 exam!!! Hmmmm…….yes I am disappointed with Dec 2011 exam.
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Paper was tooo lengthy for 3 hours…….cvariance was much easier…transfer pricing was a bit tough…relevant costing was very easy but very lengthy for 20 marks.Question 3 should have been a mix of theory and numerical portion
Do you guys know when is the exam and exam answers be posted in the acca website???
The exam was overall OK. But Q3 was not expected at all especially for complete 20 mark question.
I agree with some of the previous comments, that this paper was ok, not really hard or really easy, but I have absolutely no idea how I’ve done. I might get a semi-decent mark, or I may fail! I also found some of the question types and structures a bit different to previous papers. Was there a new examiner for this one, and could that explain why?
Q1 – I think I answered this ok, but couldn’t find much to say in the written part, apart from the obvious.
Q2 – I had to leave part (b) of this and come back to it at the end, as it flummoxed me for a bit. Eventually I decided that B should sell externally for its maximum demand, and sell remainder to A at variable cost. I forgot to consider the opportunity cost of the external units, and the possibility or supplying to A for variable cost plus opportunity cost, so I’ve probably answered this wrong.
Q5 – for the life of me I couldn’t answer the efficiency variance (3 marks). For overhead efficiency I’m used to looking at the labour or machine hours, but of course this was not given here. I’m sure the answer was incredibly simple though, and I’ll kick myself!Q1 – Relevant costing (14 marks for listing out the relevant/irrelevant cost)
This was easyQ2 – Transfer Pricing
This was okay – The wordy part at the end was the difficult part.Q3 – Discussion on Budgetary system (100% written)
Left it til the end, not much time, didn’t write too much down 🙁Q4 – Lifecycle costing & Learning factor
Thought this was okayQ5 – Variance analysis & ABC (2 marks for ABC only)
I think I should of got the majority of the marksOverall: A fair paper, should have passed. Will be asking for my paper back if I didn’t.
Really, i do not know the reason the “time” problem becouse of me or something else, as usual i could not answered all questions approx.70 points i answered , the question 3 was easy explained in kaplan book but i got stucked & left it all to the end. but unfortuenly i had not enough time to ger back.
i hope to pass for only 50 mark ISA, as i will not be able to study it again for third time ……… last time i failed at 47 🙁
Please do not do this again…………………………
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