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I wrote wrong answer for Q.No. 1 which carries 15 marks(Evaluate Performance report), instead of it, i evaluate the performance of the group based on data/calculation given in scenario around 3 pages of answer booklet. How much marks i got out of 15? And i failed by few marks?
+1. Join the club. I did the same mistake. 🙁 I guess, that we received 0 out of 15 marks. I also failed. Have you seen answer to task 1, point iii in Eva calculation? I need help in understanding the solution. I use Kaplan publishing for preparation. In this book is written, that for NOPAT needs to be added back: development and advertising costs, operating lease, accounting depreciation, interest paid net of tax. Why all these ignored in official answer? and why lost tax relief on interest is deducted whereas interest net of tax is not added back? And I would add back all marketing costs as (for EVA calculation) they are considered to be investments for the future, aren’t they?
May be I’m using wrong book for preparation or my understanding is wrong?
Which literature you use?Thanks a lot in advance
Good luck in December sessionHi Eva,
The calculations werent worth many marks. I did quick and obvious calculations with information given in scenario and got easy 3 or so marks ..provided a brief comment and grabed 3-4 marks in 5-6 mins and moved on.
A newly qualified acca manager is expected to become senior manager soon .Senior managers dont get involved in low level calculations all the time. Infact their juniors and accounting systems produce this info for them. They are paid so much for the expertise in decision making !! You have to think similarly in exam. Therefore the examiner puts in difficult calculations to distract students who are not thinking big!! Focus more on evaluation of the issues the company is dealing with and strategising in your 50 mark case study. When the examiner gets to see that your approach is high level and like a senior manager rather than a student ..only then you will be credited.
Good Luck
Right to the point, roro! This seems to be what examiner is looking for. On previous sitting I tried to bring as much knowledge and theory as I could, I though I did well, but missed the pass by 4 marks. This time I’ll focus on making concise and straightforward points based on logic and common-sense. I’ll avoid delving in to much theory or calculations this time. i’ll let you know how it went.
Good luck
can anyone please give me mock exam pf p5
ssherazz@yahoo.com
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