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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 doNot enough time to complete all questions. ans only 4 questions. hope i pass!!!!
@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 accountingI 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.
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When does the exam result come out.
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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 .
I was thinking either this paper was tricky or i am super stupid! The questions seemed straightforward but on reading them while trying to fish out info was hard!!!! My head started to spin, i’m sure at some point i started talking to myself too! Anyway, i’m sure that all of us have finished our exams by now, lets not look back, if we failed, we’ll try again, is we passed, well good going. There’s not a lot we can do now, focus on next term! You know what really helps, creating study groups, then when you work a question, someone in the group is bound to know what to do at some stage, also it makes you study harder coz no.1 you wouldn’t want to look stupid and no.2 it boosts morale, next term try it, even with a group of strangers, we all have ACCA in common!
@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 peopleat 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…
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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 = £1,000,000Therefore the company would choose to produce 350,000 bags of cement as it would give the highest EV of profit.
Anyone agree?@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 = £1,000,000Therefore 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.
😀@uid0191 said:
optimal quantity to produce at 280000 for the final answer?I thought the optimal production depends on your risk attitudes and the method you use i.e.:
Risk taker => Maximax method => 350,000 bags (highest possible profit)
Risk averse => Maximin method => 200,000 bags (best profit in worst case scenario)
Risk neutral => Expected Value => use the probabilities like somebody above did to find the optimum
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the exam was a total disaster for me.
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it took time to get hw to approach any question.bt flex budget n throughput wr nt so good.it ws so diffrnt from last exam.tht ws too easy to pass.those candidates wr lucky.
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i could not do 18 marks paper, due to time. can i pass? left 5 marks commenting in Q4. n Q5 i could just do part b of 7 marks. overall throughput was disaster!!
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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
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I was ready for exam for 99%, I knew all definitions and understood every topic. when I first read the tasks I thought “I know all of it, peace of cake!” BUT… then i began to write and i don’t know why could hardly understood what exactly i should write (except definitions, it was clear)… i don’t understand yet what was it… at the first view questions were easy, but i am very doubt that i passed it finally..
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.
I’m so glad other people found this paper hard. I am so upset I studied really hard yet the stuff I knew like the back of my hand did not come up. What was with flexed budgets and pay off table. I did all the past papers going back to 2008 they never examined those areas. What was the point in them going on and on about the new stuff EMA & CVP only to not include them in this paper. Im so gutted as I know I have failed Arrggggg
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that was the toughest paper i ever gave…
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exam was very difficult..hope that checking will not be tough..
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what is balanced score card???pffffffffffffffffffffffff i forget>>>>>>>>>>>>10 marks was not good to give ……for only to make a description….it was totally wrong to give this 10 marks ..at leaat 5 maks will be just….hope to pass
what an unpredictable exam. couldnt believe the questions. and payoff table!!! something i studied do well i could have barely understood what to do. what the hell…like i would ever think that would come up. the questions were fair , i guess i just wasnt fully prepared. overall the exam sucked for me(in terms of how i answered them). just hoping to pass this one.
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