• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

section c

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › section c

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 31, 2021 at 11:25 am #633642
    xyzc
    Participant
    • Topics: 349
    • Replies: 127
    • ☆☆☆

    accountancy teaching co (december 2010)

    Turnover:

    The turnover of the business has decreased by 8.33% which is a bad sign. It could be due to to the accountancy tuition market facing a 20% decline in demand for accountancy training. While the market size has decreased by 20%, the turnover of the business has only decreased by 8.33% which suggests that the business has actually performed well.

    Cost of sales:

    The cost of sales has decreased by 19.24% which is good. This could be due to the reduction in freelance lectureres cost. The freelance lecturers cost decreased by 70.25% which is well above the 10% reduction which management asked.

    Gross profit:

    The gross profit margin was 27.69% in 2009 whereas it was 36.31% in 2010. So the gross profit magin has increased by 31.13% which is a positive signal. Course prices were not reduced. So the gross profit margin could have increased due to a reduction in cost of sales particularly the reduction in freelance lecturer costs.

    Indirect expenses:

    The indirect expenses increased by 34.05% which is bad given that the number of student commplaints decreased by 73.33% and the number of late enrolments due to staff error also decreased by 64.31%. The increase seems to be due to the developments introduced such as the interactive website and the student helpline. It is also due to the introduction of a new training programme for staff which has increased staff training costs by a huge 163.87%.

    Net operating profit:

    The net operating profit margin was 5.04% in 2009 whereas it was 3.2% in 2010. So it has decreased by 36.51% which is disappointing given that the percentage of students transferring to Accounting Teaching Co from another training provider increased by 150% and the percentage of students passing exams first time increased by 37.5%. The fall in operating profit margin seems to be due to increased indicrect expenses because of developments introduced.

    I was only able to write this much within 36 minutes. Is this answer enough. Is this answer enough for a pass mark. How much worth of marks does this answer seem

    August 31, 2021 at 5:54 pm #633675
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51541
    • ☆☆☆☆☆

    I am not going to give you an exact mark – we do not have the resources to provide a marking service. However it would definitely get you a good mark (and certainly more than the pass mark 🙂 )

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • d.kabulova on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • alin.sivi on Linear Programming – Maximum contribution – ACCA Performance Management (PM)
  • John Moffat on Time Series Analysis – ACCA Management Accounting (MA)
  • John Moffat on The use of the target cost – ACCA Performance Management (PM)
  • tello18956 on CIMA BA2 Non-Financial Performance Measurement

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy