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shahkaar123 said 30 minutes ago:
What kind of exam was that i mean what the hell man ? no easy marks for students no main areas examined . very tricky questions. You ppl saying that they should kick out the examiner but i think this has been done on purpose as after exam is made its then checked by a commite, atleast thats what ann iron said, so they passed this kind of bullshit means they did it on purpose. bloddddy acca team and that ann iron!
Quote:I think it is not really the way to act to call people bitch or anything else.It is a though paper indeed and I studied with both BPP and Kaplan textbooks , revision kits last time when I passed it and also read the examiner’s articles.
She mentioned somewhere I cant remember that people shouldn expect ABC to come up as it is too easy and she’s very obsessed with target costing and throughput. So not much surprise.
Last sitting – there was budget question fully written. So was it the same this time ?
Relevant costing, learning curves came up last time – So seeing some people were surprised they weren’t asked is surprising.
It is a difficult paper indeed but if you had clear workings and some good discussions – you can still pass. Don’t demoralize yourselves.
It is just an exam – it is not end of the world and more valuable than you guys.
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shincody i did kind of same thing in ROI and Ri exactly the same thing as you did and the variances were basic isnt it where was the planning stuff ??
CAN ANY BODY EXPLAIN TO ME, WHAT DO YOU MEAN BY ANNUALISING THE NET PROFIT, WAS THE NEXT PROFIT GIVEN IN THE QUESTION BASE ON MONTH OR YEAR (QUESTION 5 ROI AND RI)?????
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Guys, how did you solve Q1? First we calculate costs, which depend on whether we produce components or outsource. We found that outsourcing is not profitable. Then we take costs per limiting factor and find out which is more profitable to produce ourselves. But which costs we take? Which we calculated or which is given to us. I’ve got an answer that we should produce 100,000 and 66,667.
all i studied was from kaplan. i should have studied from GTG. all questions could have easily answered if i have studied from GTG. i bought GTG and i used to clear my doubts while studying from kaplan. so many portions in GTG i didnt not read only.
seasonal variation, TQM V/s standard costing is well explained in GTG. but not in kaplan. i think, BPP and kaplan is similar. i didnt refer BPP.
q.no.1
it is not relevant cost.
we have to filter avoidable and unavoidable fixed cost. that was the main thing in it.man, i should have studied from GTG. i regret it a lot.
q.no.2
target costing vs service, again better explained in GTG.
q.no.3
GTG students can easily solve it
q.no.4
market share variance formula given in GTG but not in kaplan.i gave preference to KAPLAN to GTG , my big mistake.
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Annualising the net profit meant to multiply it by 12. It caught me too, only when i came here i realised that i made a grave error myself.
I agree with the general consensus that the exam was a very difficult exam. But aye, life goes on.
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Oh, I absolutely positively without a shadow of a doubt completely floundered my way through that exam. With each question I attempted I sank faster than the Titanic…*sigh*
The highlights of the exam?
1. Calculating an ROI of 1.34% and spending 30 mins trying to figure out what I was doing wrong. Finally saw the word “annualised”. Spent 30 mins for 4 marks *yay*
2. TQM? what? who? where? when?
3. Working out my variances to realise my operating statement didn’t reconcile.
4.Developing my own multiplicative model to work out the forecast sales. Should at least get 1 mark for effort.
The sad thing is, you may know your work, it all comes down to how you interpret the question and that exam was not user friendly at all.
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@natasya said:
Guys, how did you solve Q1? First we calculate costs, which depend on whether we produce components or outsource. We found that outsourcing is not profitable. Then we take costs per limiting factor and find out which is more profitable to produce ourselves. But which costs we take? Which we calculated or which is given to us. I’ve got an answer that we should produce 100,000 and 66,667.I started to do the limiting factor analysis only to realise they didn’t provide a selling price to determine contribution, so I calculated it by looking to see which product incurred the most cost per limiting factor. That way I got 100,000 screens and 50,000 keyboards.
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I think this was a very difficult exam, but with practical experience, it can be passed…..I was very upset when i saw the paper but i just did it based on practical experience rather than from the books. I am hoping it was enough for a pass as i studied VERY HARD and nothing i studied came. It just goes to show you can NEVER tell what’s coming in the exams. The statistics from the survey is HORRIBLE and believe me, its the general consensus with my fellow students. Good luck everyone, I hope we all pass! To God be the glory!
I did really well on 1 an 2, but then all hell broke lose with the rest of the paper. My heart beat feverishly throughout the exam and i just lost it. At 15 mins to go i was now starting Q5. I usually do well on the theory side and that was my game plan. Would you believe i forsake my game plan and spent endless minutes on calculations that i didnt even get out.
Pulling my self together now. Studying for F4 for next Monday.
Opentuition’s exam tips was very misleading, thank god i didnt depend on it. the exam was based on everything in the syllabus , however it was too demanding with too little bit of time. I think ACCA should increase the time from 3hrs to 3 1/2hrs
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Mostly Theory.
Simple question on Variance and Reconciliation Statement.
Make or Outsource with limiting factor, Fixed Cost Saving, could have easily scored marks here.
TQM.
ROI and RI
Forecasting.
omg…dreadful…..im still feeling depressed…feel like all my sleepless nights and hard work went to waste…this was an exam from hellllll….this examiner is nuts
Ok So that’s it F5 done…have F6 in the morn…truthfully the exam was quite like some parts of Mock Exam2 BPP text:/ I thought the first question part a was about relevant costing…anyone else? Couldn’t recall how to start the outsourcing question so I skipped hoping for time to get back to it never did :(. This was so stressful for me I’m not sure I want to continue till I get results…Forecasting had me going nuts…jumped to part b 🙁 the list goes on….answered parts of all the quests….hope it’s enough for a pass. :x(
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m really worried about my strategy to exam preparation as i passed all f1-f4,f6 in first attempt with an average of 60%…..n i thought i can rely on what m doing….solving all the questions in exam kit n practicing and going back to the study text for the hard parts…..bt until now…..bt today i lost my confidence totally and fcked up…..i felt like running out from the exam ……i now c the acca wants us to be a master in all topics,u can’t afford to pay less attention to any single topics…..n more than writing n reading i should have thought much about topics …..i have a wise friend george geraldo who practiced 4-5 questions from the exam kit and was able to get a first class in f5 some previous sitting ..he even didnt study the kaplan or bpp study text…..all he did was learning as deep as possible even with 2-3 books…..and understanding n he really was able to apply his knowledge to any scenario n got good marks…….anyway i know m going to fail so badly, my family already started throwing stones at me…..as they sacrificed a lot for my study…….BUTTT m nt gonna mourn….coz .in my next attempt in dec im gonna break the examiners teeth with my answers….i ll do anything for that …..researching,using much materials and thinking or linking or studying p5 if necessary….thats my only purpose in life at the moment…….thanks
Let’s just say Ann Irons is tough. I never had a time problem with any of the past papers (I did them as mocks and scored well) but like lots of people I just couldn’t get started with whole sections of questions.
It’s not that she has gone off-syllabus (although I didn’t read anything explicit on services vs manufacturing and whether there would be need for standard costing when TQM employed) it’s just that she picked some really minor topics and made them huge, missing huge chunks of the syllabus off.
Correct me if I’m wrong, but target costing appeared in 2 questions. Never seemed to be enough material on TQM to warrant this many marks in an exam.
The other thing is the way she hides the requirement so well it hurts. It’s not enough to know the calculation steps, I found it tough to apply my knowledge to the question to see what she wanted from me.
I look forward to the slating she will give me in the report, probably accusing me of question spotting even though I went in thinking I knew almost all the material.
This is the first ACCA paper I have sat and I’m questioning carrying it on
What I am feeling…
This examiner is lack of creativity. She doesn’t know, how to make an innovative question on ABC or throughput accounting or target costing which tests the intelligence, knowledge and understanding of a candidate.What she is doing…
Playing with us…like…Catch me if u can…She told us about herself in the “F5 Examiner’s Approach” article…
“I studied law at both degree and prefessional level…” etc.etc.I am really confused now about ACCA.
After reading the question paper, I lost my interest, my enthusiasm…
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F5 was really a big disaster, only ROI question was sensible. All other topics were pure non sense. ACCA is just trying to fail more and more people to earn………..
Forhad is right examiner is lack of creativity with topics….
Now I am really hate ACCA (a profit making machine) . Really Terrible- Topics: 0
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I studied the entire syllabus ! I did NOT question spot an still couldn’t do large part of the paper.
Bring back Geoff Cordwell stupid fcuk ACCA ! !
Ann Irons is a B1+ch ! I
It doesn’t matter if you question spotted and those questions didn’t come up. I studied the whole syllabus, I mean EVERYTHING over and over and I was still lost in the exam. ACCA is intentionally making people fail, I guess they’re making lots of money out of our hard work, disappointment and failures. Well done ACCA, you’ve succeeded in failing us, this is called good business ethics!!!!
oh well lets hope December 2012 will compesate for this June. Im really gonna try my best to continue studying F5 since i know how this F5 exam went; hope you all do the same and do your best in your remaining papers.. 🙂
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Uterly deflated! I dedicated so much time to studying this paper, read every article in SA relevant to F5 and thought I understood what Anne Irons was looking for?! I thought I had covered the entire syllabus, I felt well prepared, a totally wasted effort!
It makes me mad, do they not think about the time and money we dedicate to our studies and the pressure it puts on family life, once again missing the loveliest part of they year hiding in doors! Even if they adjust the pass grade to up the pass rate I have no hope!!
The only think that makes me feel a bit better is knowing many of you feel the same!
Need to pick myself up and get ready for Law on Monday, aaaagh! 🙁Nosheen is right. The only F5 standard question was, question 5(ROI, RI).
This is a very serious issue now.
What is about F5 Performance management? What’s its objectives? What’s the intellectual level of a candidate, ACCA expects? Who are those EXAMINERS? What’s their background? How capable r they?What is ACCA? What is it doing? Maximising profit? Quality education? Or what else?
Non-qualified examiner! Compiled study text!
It’s not education!!! Of course, it can’t be…We need to start thinking…
natasya
Guys, how did you solve Q1? First we calculate costs, which depend on whether we produce components or outsource. We found that outsourcing is not profitable. Then we take costs per limiting factor and find out which is more profitable to produce ourselves. But which costs we take? Which we calculated or which is given to us. I’ve got an answer that we should produce 100,000 and 66,667.you re right i got d same tooo
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