Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › *** P5 June 2014 Exam was.. Instant Poll and comments ***
- This topic has 193 replies, 97 voices, and was last updated 10 years ago by ashabiggs06.
- AuthorPosts
- June 5, 2014 at 4:07 pm #174286
My humble advice for all. Please always treat the pilot papers shortly before the exam. I was fortunate to have treated the latest pilot paper just yesterday to have figured out q3. 2 questions from today’s paper was featured in the pilot paper including our glorious question 3.
June 5, 2014 at 4:08 pm #174289AnonymousInactive- Topics: 0
- Replies: 5
- ☆
Dimeji
Yes agreed. Just trying to tie back our answers to the story as much as possible.
But sometimes it takes time to figure out the correlation between the different topics (e.g what is the correlation between VBM and mission statement?).
In most instance we just throw out whatever comes soundly to our mind.
No time to figure whether this answers the question.June 5, 2014 at 4:08 pm #174290AnonymousInactive- Topics: 0
- Replies: 3
- ☆
I think question 3 was about risk decision making : Maximax, etc
June 5, 2014 at 4:10 pm #174292Q3. Maximax maximin and minimax regret. Risk appetite and attitude then do a pay off table to offer your advice
June 5, 2014 at 4:11 pm #174295AnonymousInactive- Topics: 0
- Replies: 3
- ☆
VBM I used strategic and operational VBM to explain
June 5, 2014 at 4:16 pm #174298Castillian that is why the examiners confess that there are no straight forward answers hence the term technical and professional.
The mission statement mentions maximisation of shareholders value and you use vbm as a strategy of achievement for that objective.
Remember that vbm is a mgt approach where strategies and processes are aligned to ensuring that non value adding activities are eliminated. That is creating value for shareholders.June 5, 2014 at 4:16 pm #174299AnonymousInactive- Topics: 0
- Replies: 3
- ☆
I did that payoff table for 3a not 3b and I. I mixed up the maximin, and wrote minmaxi…. I feel like crying
June 5, 2014 at 4:16 pm #174301AnonymousInactive- Topics: 0
- Replies: 5
- ☆
Was q1 i doesnt ask you to focus on cost measure and report on that instead of commenting about the report struction coz in the middle of scanerio it was written ceo want that board didnt want financial as pect but more on cost structure and also the objective of the company was cost leader ship… May be am completely wrong feeling disgusted right now
June 5, 2014 at 4:19 pm #174303I wish and pray I pass o.
June 5, 2014 at 4:25 pm #174306Ive never sat any ACCA paper where i was happy with my performance, This was not particularly difficult but the wording of the questions made ne panic at first as i did not want to answer the wrong question. Its not like we Are sitting a shakespearan question. I have a Good command and mastery of the English language but still struggled with interpretation of requirements.
June 5, 2014 at 4:27 pm #174308Brilliant student
You need not beat yourself for not completing the payoff calculation. Neither did I and only a computer would complete all within the short time except you want to sacrifice other questions.
I did something by telling the exerminer of what choice of return for both the risk seeker and the risk averse decision makers even though I didn’t put the figures there. I simply said in my answers that if I had more time I would have completed the table but I have given him his answer even without completing the calculations.June 5, 2014 at 4:28 pm #174309What the hell was that paper! .. The examiner should be sacked! Very badly written, requirements were absolutely not clear at all. Too much stress, trying to learn models when nothing really came up! …
I did not know what to write on VBM – I used Fitzergerald and Moon! have no idea why building blocks came to mind!
The first question asked about the fixed and variable, consideration for appendix 1 and then it asks for it again in the second question on staff (Direct and Indirect) and Fixed Variable. How many things can I write on fixed and variable. Staff was not clearly defined whether they were Direct or Indirect etc.
EVA – There were some technical bits, had to be worked out! I messed up putting depreciation in Capital swell. I also have no idea what the 2 levels of tax were.. at least the examiner could have said something on tax!
Suggest a way of performance, I used flaming performance prism because mission statement wanted to focus on employee satisfaction (stakeholders). At that point my hands where already numb and it was noon!!
I swift along question 3 – It asked about minimin, maximin and minimax. Again bad written requirements, but managed to put calculations. i don’t understand the second company. I thought the first one was a risk seeker and the second one was risk adverse, so first one used MV8 or whatever it is and second one used MV 3.
Question 3 asked about joint venture and challenges of performance management. In my book, joint venture only has half a page!.. Again, I was just throwing what come out of my mind… Culture differences, Different systems, Different Reporting Standards etc.
Then I started writing question 4 and thought, hell no chance. So I went to question 2 and talked loads of poo. It was about Business process engineering. I really have no idea what I’ve put on this. I just multiplied the salary by 10 staff and halved it. So it was £25,000 x 10 staff. Half of them where wasting time. So halved it £125,000 is cost that can be saved and replaced by purchasing department with a salary of £35,000 (Again, did not say how many people worked in purchasing department). So I deducted £125k less £35k and said here is the saving. Also mentioned that paper will be saved…
Last question was about appraisal, and just talked about linkage with company objectives and opportunity for staff to say what went bad, how to improve and set objectives.
Mind I remember all the above because i had 5 ginseng, 2 guaranas and 7 cups of coffee this morning so I am still very hyper… yet couldn’t understand what the examiner was on about!! ..
June 5, 2014 at 4:29 pm #174312Why cant the examiner test on some passable topics.
June 5, 2014 at 4:37 pm #174315Another £100 for ACCA.
June 5, 2014 at 4:39 pm #174317AnonymousInactive- Topics: 0
- Replies: 5
- ☆
I just hope the markers will be more lenient as i’m expecting a significant difference in the answer scheme and majority of our answers.
If you get an inexperience marker that just look at the answer scheme and mark point for point,
i think chances of passing will be low.
For now, lets jsut pray for good luck.June 5, 2014 at 4:56 pm #174329And the fee keeps adding £2 every exam
June 5, 2014 at 5:00 pm #174333I thought the requirements were fair. My only small complaint was that there was too much info to read in the time given. It seemed very much like the examiner was trying to make it impossible for students just repeat information learnt off by heart as all the questions were very scenario based. Bit worried that I didn’t fill out which questions I did on the front of the exam booklet. Praying for a pass. Good luck everyone 🙂
June 5, 2014 at 5:08 pm #174337I just checked my study text and realised i answered a question incorrectly..i feel sick:.
June 5, 2014 at 5:16 pm #174344In part A, I wrote a bunch of crap about ABM instead of VBM, whats on earth the differences between them? I think both encourage valued-added behavior/activities and try to emliminate non-value added.
Can anyone rememer the requirements of Question 3, does it ask risk aptitude of T and R or only risk aptitude of VC?
June 5, 2014 at 5:29 pm #174347The requirements were so confusing .he asked for something critically assess the financial perf in the questions section and the ceo wants something else
Which is which. He is doing all to make us fail. An exam should be fair. I think he needs to write a textbook and exams kit so that we can get used with his style. The worst paper in acca. Acca should review that and must take into account our opinions. U are supplier and we are clients.June 5, 2014 at 5:31 pm #174348Mountain.ABM is activity based management based on activity based costing. Instead of writing about VBA, I gave a useless answer on How EVa creates value and its advantages over traditional ratios
June 5, 2014 at 5:34 pm #174350AnonymousInactive- Topics: 0
- Replies: 21
- ☆
Hi guys,
Did anyone sit the exam in Watford? They had some sort of dance class above the exam room which had loud music that went on for a lot of the 15 mins reading time. Was so distracting.
I am going to complain to the ACCA about this and if anyone else was there as well support me on this please. The invigilators were not proactive enough in anticipating there would be a dance class above which was not considerate. A student should not have to point out the obvious in such a situation.
Cheers,
Adam
June 5, 2014 at 5:37 pm #174351AnonymousInactive- Topics: 0
- Replies: 21
- ☆
As for the exam the questions were okay but the topics were very obscure and not been examined that much before. What did people put for the rent/staff costs bit in question 1 and the JV part for question 3?
June 5, 2014 at 5:39 pm #174352AnonymousInactive- Topics: 0
- Replies: 31
- ☆
Adam complain away. I know far weaker reasons for which people have been given dispensation for ‘noise’. Did you or anyone else mention to the invigilator.if so refer to this in your communication to acca.
June 5, 2014 at 5:42 pm #174354Q3 (a
i did a mistake i show the calculation of payoff table and in part b i only discuss thoery now i dont know whther i get the marks or not? - AuthorPosts
- The topic ‘*** P5 June 2014 Exam was.. Instant Poll and comments ***’ is closed to new replies.