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Question to clarify suggested answers in past papers

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › Question to clarify suggested answers in past papers

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by ursulaanna45.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • November 7, 2015 at 2:19 pm #280992
    ursulaanna45
    Member
    • Topics: 33
    • Replies: 47
    • ☆☆

    Hi,

    I would like to ask if the following could be clarified

    1. In Q1 Jun’12 – answer mentions “cash measures” of performance – what do they mean by cash measures, is that about showing cash flows?

    The business in question probably doesn’t sell too much on credit anyway so cash shouldn’t be an issue ?

    2. Q 3 Jun’14 – there is a comment about minimax regret in the Tutor Note saying that “minimax is not clearly focused on obtaining a minimum level of return” – I am not very clear how does this comment relate to the question?

    Ensuring that loses are small is as good as ensuring profit for Riemann?

    Why minimax regret is not recommended here?
    What would be the most appropriate occasion when that method should be used as opposed to minimax (that is assuming we have a choice to go for one or the other)

    Thank you

    November 8, 2015 at 7:31 am #281084
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10190
    • ☆☆☆☆☆

    Cash measures: cash flow, EBITDA, NPV (cash flows rather than earnings)

    I wouldn’t worry about minimax regret. The reasoning a person has to go through to work out regreats then do a maximin is very convoluted and one is not sure what has motivated them. Besides it’s time-consuming to work out.

    I would never choose minimax regret.

    November 8, 2015 at 4:09 pm #281154
    ursulaanna45
    Member
    • Topics: 33
    • Replies: 47
    • ☆☆

    That’s all clear
    Thank you

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