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

I have Advanced Tax tomorrow and thought this would be the easier of the two, fingers crossed tomorrow is better.

Q1, i forgot to do it as a report as i did that question last and was running out of time, i’ve done that on other exams and still passed, 4 marks down the drain…woops!!! but i did expected value but run out of time to do maximin, minimax regret etc but mentioned you could do it..might get 1/2 mark for this..they all count I suppose. The calculations for EV got Type 2 for the best, probably wrong but i had a go..
Q2, ok i suppose, i knew the Performance Pyramid, but not sure what the examiner wanted for the first part re the three key performance indicators, I ended up mentioning beyond budgeting..had to get it in somewhere
Q3, the one about the school, well I had a go…some of it was very audit based, for the last part i wrote about Enterprise Resource Management System
Q5, Did the question first as I knew quite a bit about Kaizen and JIT, but still worried about my performance on question one.

At the end of the day i only want 50%, i heard a rumour that the last P3 exam June 11 was standardised up, so hoping for some luck, but at least the majority didn’t like the paper, i would be more worried if you loved it.

Jimbo

@jimbo21 said:
Q1, i forgot to do it as a report as i did that question last and was running out of time,
.
.
i heard a rumour that the last P3 exam June 11 was standardised up

lol, that reminded me, I remembered to do it in a report format. However, the invigilator said we have 2 minutes left, & I knew I couldnt finish, but may as well try for those Prof marks, so figured I should stick in a conclusion anyway, even though I had only scraps of calculations done.

Conclusion: I hope the above helps you in your decision, and if you have any queries on the above, or would like to utilise my services on other projects in the future, please do not hesitate to contact me

Its funny, cause in real life, if I was the CEO, id be thinking “is this guy for real, he’ll be lucky if he gets paid for this half-ass job” Hopefully my marker has a sense of humour !

Unrelated question…
Whats standardised up mean ? Is that if using a 50% pass rate, only 10% pass, so they increase the pass rate to say 55%?? Am I understanding this ? Do ACCA do this to save face ?

@smidsy

do u think ACCA will do that? P level papers for optional

the pass rates swings around 30% LOL

I think it wasn’t as easy as it looked.
First, it looked to me that it gladly didn’t contain too many calculations in Q2 and especially only in Q4 of the 20pt ones.
However I believe the difficulty lies in the detail:

The first question with the 19pts part b can hurt you and I am not sure how I performed there. EV slipped my mind as a general technique. Seeing P4 and other from the syllabus I am not sure if these are actually to make correctly in the given time.

Q2 I considered good, but the performance pyramid slipped in the lower sections of my mind. I wrote what I knew but am not sure what percentage to expect.

Q3 I chose next as many terms dropped my mind concerning Information Systems and non profit organisations. I don’t recall everything I wrote but besides security a main issue here I think is the discurse on if it’s not to costly. Not sure if this counts, however I identified it and wrote it down.

Q5 was good to make as the Japanese production and cost methods are stuff from the study times. However another side issue was somehow the employee management and prospective behaviour.

In general I think it was hard as for each idea you have there’s a concept and to keep concise is quite a challenge when you have much stuff to write.
I applied the 1.5 rule and for Q1 and Q2 I was able to keep in time, however later I believe I couldn’t drop deep enough into the questions, namely Q3 and Q5.

I like the overall paper anyhow and think it’s really informative and interesting as it stresses very many different aspects of organisations and employees. So if I need to repeat I wouldn’t be too concerned.

But from now on I can only hope, as I guess as we cannot change a thing about it anymore…

@jimbo21 said:

Q3, the one about the school, well I had a go…some of it was very audit based, for the last part i wrote about Enterprise Resource Management System

I thought it was very audit based too. threw me off a bit and started doubting my answer.

Q1 was ok, EV, maximax, maximin etc. got the numbers wrong but hopefully writing got me marks.

Q2 – did not learn the pyramid so lost a lot of marks there.

resit in June. booo

In question 5 did people say about costs of conformance?!

Q5 on employee issues: I wrote because they are coming out of a communist state, old management techniques will still exist which is autocratic and top-down.
Kaizen is the opposite encouraging employee empowerment to aid with continuous improvement as they are the ones that see the day to day weaknesses in current processes.

Dunno if we should be going along those lines but fingers crossed.

@channel07

i just write out all 4

Prevention costs
Appraisal costs
Internal failure costs
external failure costs

open tutions, i was heavily relying on your lectures and notes. but after the paper, i think i shouldnt have done that
the lectures are very easy and clear but there are very few topics covered in those lectures. i think more lectures should be added especially covering all the main models etc…
that would be great

🙁

Well i started with q.2 have good knwledge of pyramid so that went well than went to question 4 budget constraint system was used discussed it than other part as well this was also fairly done than moved to question 1 :@ did part one abut risk and second part calculated maximax maximin but dun knw made right calculation or not 😛 so this part was not done well hoping to get 10 marks from 35 in question 1 🙁 than did q5 discued quality cost kazian costing jit ec let c wht comes up on 20 feb i want 50 😛

Q1 part b is going to be my night mare :(….
I had 20 minutes remaining but i couldnt guess what the Q was about
Hoping for the best… And good luck every body for results…!!

Oh God.. When dy sd risk n uncertainity in q1 i thght immedialty of FM n wnt on to say abt Npv irr eva bt did include ev i cdnt fcrse calculate mch.. Am i wrng to nt calculate minimax maximax maximin?? I js wnt 50 i rly dnt wna repeat.. GBU all to pass including me.. I cn nly pray now.. Why does it hv to b so hrd.. I mean v knw d whle sylabus bt its js sooo hrd?? N d pyramid?? Hu wud hv thght?? Wsnt rdy 4 dt.. Prt b ws k i gues.. Prt a sckd big tym.. I thnk its safe to say its d hardest paper iv eva seen.. Wel fcrse nxt cms p2 afta dt ppr lets c wthr i cn stnd by ds statement