*** P5 June 2014 Exam was.. Instant Poll and comments ***

Thanks for rubbing it in kingsandqueen 🙂 but very encouraging.
I felt that the paper was quite badly written and so did many others in this forum. Hopefully the examiners will mark the papers when they are pissed!.

What did everyone do with the marketing expense in the Eva calculation, it was something like 7m spent on marketing in the period (50 percent t
Adding to the long term prospects of the group) I added this 59 percent back but then struggled to work out how to amortise this. There was the added complication in the cps employed they had spent this for the last 15 years I think?

Overall it was tough and I struggled for time but hopefully have a fair chance

The paper was okay but wording was a little complicated.

Q1. It was okay. I knew VBM and EVA. Complex structures were also prepared.

Q2. I knew BPR very well but was more confident of budgeting so attempted Q4.

Q3. Everything went fine. A little confused if while assessing we have to account for fixed costs or not. I did, but later in part b) also did without fixed costs.

Q4. (a) I did not know but I thought I can let go 6 marks. I tried to attempt it but it took too long and compromised part b and c. Although I completed part band c but couldn’t elaborate as good as I could have.

I hope and pray we all pass the exam.

This was my second attempt!!! I must say it was very hard to manage time, I am sure everyone had the same problem. The paper was very lengthy specially people like me who are slow readers and then I have to read the question 2-3 times In order to initiate the answer.

I was well prepared for the paper but just in panic I messed up with the answers I knew I could have done better. At the end I missed a 6mark question. This is the only exam I am left with to complete acca. I hope the examiner will be lenient this time.

Did anyone went to harrow centre today??? There was young children’s school nearby and it was noisy too all the time. I had bad experience from Alexandra palace centre so I took my ear foams with me today that helped a lot in concentration but still couldn’t do well as the paper was hard.

Best of luck to all of us

time time out as usual every time, overall the exam is balanced and fair I believe passable but difficult to score high mark

THIS IS MY TIME TO SAY BYE BYE TO ACCA EXAMINATIONS. IN SHA ALLAH I WILL PASS

i even cancelled 2-3 pages after i had written 🙁

F**K Alex Watt

Q(1) (a)specifically asked to evaluate the performance report. I made the following points.
-Report is too detailed in some aspects. Could have given some total costs for say rental and utilities which comprise only 6.9% of total costs.
-The degree of accuracy to nearest dollar exacerbated the detail issue.
-Some comparators given were not useful.
-The report did not tie well with the mission. There was nothing on shareholder wealth or customer appeal.
(b) I did EVA and assumptions stated include depreciation to be same as economic depreciation and the marketing expenditure on brand building to last about 4 years and assumed that the tax payment included all tax on financing costs.
(c) Explained VBM but was not sure if it was right. Talked mainly about value adding and non-value adding activities and activity drivers that may help.
(d) Talked about info in Appendix 3 showing high turnover of employees. About 10% for Cafe and 15% for Juicey. May be the reason behind new mission. Soft factors are changing hard factors!
(e) New mission had 3 aspects. Shareholder wealth, employees’ well-being and customer appeal. Addressed how each of them could be measured from data from appendices and what needs to be added.

Did anyone else write similar stuff for question 1?

Any news about ACCA resits this year?

I just find out I tick the wrong question number answered on the cover of answer booklet!!! It should be Q3 which is answered,but I tick Q2 on the cover. But when I writing the answers I write it right in the booklet.

Will the Marker not mark my Q3, but mark Q2, and to give zero point on Q2?

So frightened!!

Does anyone know this matter?

I have never seen such a pathetic and badly written exam . I still cant understand what the examiner wanted to ask in question 1a . Generally he was asking to evaluate the performance . And on the other hand in case study it was stated that CEO is not interested in a group performance but he wants to know about the mix of fixed and variable cost and how it can affect the performance management. . I then analysed the performance of two subsidiaries. And stated that comparables are not given.

@abdullahmv….I got the same findings with you and its was like you were coping me…lol…what you didn’t copy was that the VC partners come from different backgrounds i.e. Riehman is a family owned hence is closed system in their decision making while the other is open…this will have a serious implications in performance management. Next time copy everything(haha)