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P5 Confusing Questions

Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › P5 Confusing Questions

  • This topic has 4 replies, 2 voices, and was last updated 9 years ago by kylerlu.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • February 25, 2016 at 4:19 pm #302047
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • β˜†β˜†β˜†

    Hi Guys!

    I was looking at June 2015 exam paper on P5. I just noticed that some of questions are somewhat confusing. I’m not really sure if this was done on purpose. But to site an example, look at Question 1 (iv) and the answers to that particular question.

    It seems the appropriate wordings for this question should be ‘Using 2015 figures as a base, evaluate the impact of the new factory on the values OF THE CHOSEN metrics in the existing dashboards’.

    The exam wording is this: ‘Using 2015 figures as a base, evaluate the impact of the new factory on the values and choice of metrics in the existing dashboards’.

    Again, if you check the answers to this question, you’ll get what I mean.

    What do you guys think? πŸ™‚

    February 26, 2016 at 2:35 pm #302178
    seagoat
    Member
    • Topics: 22
    • Replies: 575
    • β˜†β˜†β˜†β˜†

    The wording is correct in my opinion

    evaluate the impact of the new factory on the values (ie. of current metrics)

    AND

    choice of metrics. (ie. are these metrics appropriate)

    So you have 5 marks for numbers + 1-2 marks for commenting numbers and that fills first part of question

    Then you are left with 3-4 marks to comment after the word AND.

    Because there are so few marks available for comments I guess the examiner intention was to challenge student to focus only on really, really most important matters (1-2 marks only). So only comment on ups/downs and ROCE as the most important factor (asset base).
    Of course his answer is longer as always than would be expected on exam from student

    The second challenge (2nd part of question after the AND word)
    was to figure out that the current dashboard would no longer be appropriate after introduction of new factory (3-4 marks).
    (He didn’t expect going line by line commenting on each KPI in dashboard)
    Rather suggesting additional operational KPI’s for production (productivity, quality, utilisation etc) to the Management can monitor factory performance.

    Hope that helps.

    Personally I would score little marks for second part of question. Most likely uncder exam stress I would go line by line through each KPI and justify appropriatness so not what examiner really expected as mentioned.

    I also want to relate to your second post about writing your real name.
    In this question you can see you are “Performance Management Advisor” – if you write this on your booklet you should get 0.5 professional marks because your are showing marker that you have really read and understood scenario.

    For ‘casual’ Advisor, Accountant no additional prof mark. (Just my gut/experience feeling)

    February 26, 2016 at 3:01 pm #302185
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • β˜†β˜†β˜†

    Thanks a lot for the detailed answer seagoat!!! Hopefully I pass this exam this time around. How many more do you have to take? πŸ™‚

    February 26, 2016 at 3:06 pm #302188
    seagoat
    Member
    • Topics: 22
    • Replies: 575
    • β˜†β˜†β˜†β˜†

    I already completed ACCA this December with P5 at first attempt.

    February 26, 2016 at 3:46 pm #302208
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • β˜†β˜†β˜†

    Wow!!! Congratulations Seagoat!!! πŸ™‚ I still have four P papers to take.

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