*** P5 December 2011 Exam was: Post your comments and vote in Instant Poll ***

So what was examined this time?

Q1, 35 marks, Q2 25, & 20 each for the rest.

I did the exam backwards, and found it ok. I did Q5 & Q4, but cant recall what Q4 was. I managed to answer all questions, but didnt complete them all(ie enough points). There was a big 19 marks in Q1 for calculations. I left it till last & didnt have time to think about it properly. I put down some numbers, but probably only scored a few marks. I guessed the Performance Pyramid was coming up, and learnt an anagram the day before, which was lucky.

Oh, and Q1 computational said perform the weights & measures(or something similar) in risk & uncertainty. It was an odd & unexpected phrase asked, and put me off a bit.

P2(mind musher) & P1 next

And a mighty big THANKS to opentuition.com for the video lectures, I definitely would have failed if I had only relied on the Kaplan course(key topic videos are pathetic).

It was my second attempt.. and I found June11 much easier than Dec11.
Requirements were confusing. I also started backwards, it was ok, but less time was for Q1 as I already knew that I could not write much especially for b part.

again hope for 50 marks 🙂

btw q4 was based on BUDGETING NOT KPIs… that was 3

that 19 marks in Q1 hurts!!!

I recall now, Q4, was both some budgeting, some KPI & mostly performance measurement, in a discussive nature.

A company had a poor simple system of bonuses & appraisal, and we were asked to advise if it was fair(which it wasnt), so it was also a beyond budgeting question also for me, as I went down that line.

I liked that question, although I did repeat some points from Q5, which couldnt be helped. I forgot to do calculations as I didnt need them, but went back and squashed in comments that related to the figures.

I started with Q.4 and Q5 next, then i went to question from hell. The 19mks allocated to Q.1 b was frightful, i started panicking, cld nt think straight, but at least wrote smthg on report-risk (cnt even remember if it was part of Q.2or Q1.). Not sure abt passing or failing. Section B overall was attainable, but Sect A was rubbish. I’m tired of ACCA now. Still hv P2+P3 next week. Oh God help me!

those who forfeited q1 19m think bout this

the question already provide u hint on how to assess it

saw the table like thing with probability?

u should think of Expected Value already

if u create a table for EV

u can also calculate Maximax, Maximin, Minimax Regret for it also

@fahecy2

in fact I thought of TARA for Q1 ii)

but then I saw probability then i changed my mind

well I only talk bout risk averse and risk seeker attitude

(shit… I spelled it as adverse)

@redrose

Kaizen means Total Quality Management

still I don’t know how a)b)c) can affect the standard costing system/ employee management and etc

I am also from the ones that panicked with Q1 – left it last, started calculating something – I did some expected values, but did not manage to do the table, tried something for maximin, maximux, a total disater with this question. I did Q 4 and 5 and 2 but have in idea if it was OK or not. Was so upset with Q1…..I hope just to be able to get 50 marks – that is all I pray for!

I have no clue what ACCA examiner expect from us?
Sorry to say, they are not expecting us to become accountants/analysts… All we have to do is to speed up..
Whats the point of wiriting exams, when we cannot even read/understand the scnerios… If i had 3 hour 3 minites to write this exam, i would have done wonders.. but thanks to ACCA.. they are preparing athletes, not accountants!