*** F5 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

Paper was unexpected its quite lengthy ND examiner test unexpected areas god bless all of us:P

Couldn’t agree more with Pissukada and Danielglover. IF you want to pass then
a) revise the sylibus
b) in the exam, read each senario slowly twice, underlining numbers
c) realise that every piece of info is relevant and fits in somewhere.
d) read what the question actually wants you to do

@uid0191 said:
Q1 Maximax Maximin Expected Values
Q2 Economic Theory Of Pricing + Learning Curve
Q3 Flexed Budget + Sales Quantity/Contribution Variance(discuss)
Q4 Balance Scorecard + ROI/RI (analyse, discuss)
Q5 Throughput accounting

I didn’t feel ready so I didn’t go to the exam. And as I see it was very good idea that I didn’t go as I barely spent any time learning and revising these topics.

I think exam was hard and always will be hard . that what should be for acca .so when you qualified you will take care of the qualification .other thing if too easy let say 70% of people sit exam and pass when all this people qualified where accountant managers come from ? not from uk anyway .

@danielglover said:
I’m suprised at the comments of the exam today. Ann Irons, in my opinion, asked very easy questions that should have been studied. Flexed budgets are extremely simple, and is more like an f2 question. Questions such as maximin, learning curves and pricing decisions were expected, and covered thoughruly in the exam kits. I don’t understand everyone’s annoyance of the questions; linear programming and ABC were obviously not going to be tested. EMA would only be worth maximum of 5 marks, so I don’t understand people studying this in detail.
???????????????????? What’s the matter with people

at last someone!! have exactly the same opinion.
it was an easy and straightforward question paper. I don’t know what the other were thinking. ABC and linear have been examined in the previous two exams so it was clear that other topics will be questioned this time…

if people feel time-pressured on F5 what will they feel on F7 and F8 ???

@kotesh said:
The F5 exam paper is up on the ACCA website now.
Link
How did people do the EV calculation???
My working
Using the payoff table posted previously.LINK here
For each of the three cement levels produced I put a probability for each profit level based on demand.
So
Produced 350,000
EV = SUM (px) = (0.25*1,750,000) + (0.45*1,365,000)+ (0.30*925,000)
= 1,329,250
Produced 280,000
EV = SUM (px) = (0.25*1,400,000) + (0.45*1,400,000)+ (0.30*960,000)
= 1,268,000
Produced 200,000
EV = £1,000,000

Therefore the company would choose to produce 350,000 bags of cement as it would give the highest EV of profit.
Anyone agree?

I think I did the same.

Whichever way i used the probabilities I’m pretty sure the answer I gave was optimal production of 350,000 bags using the expected value, as you said.

Listen guys, its done and dusted.

However much you look back, discuss and rue the exam and/or your preparation, our results are out of our control now.

Just remember whatever lessons you’ve gained from this experience and use them for the next time.

None of us has passed or failed yet.

I just hope that I have done enough not to sit the exam again. I wish the same for all of you.
😀

the exam was a total disaster for me.

The Exam was MAD…….unexpected and tricky questions. Hard 2 Crack.

Paper was a bit hard. However, when it comes to scenario based questions , no matter if you have completed all the past papers, all the exam kits and whatever , the scenario comes up in exams are so different and so as the data needed to solve the question…..Q5 throughput was quite technical ……I hope we all pass….cheers guys

I don’t think it difficult. as I got 20 min left after finishing all the questions. I had a check with the calculations. I was expecting some big marks on analysis on performance….. not much marks, as you can see. I am expecting the results.

that was the toughest paper i ever gave…