- May 2, 2015 at 1:44 pm
if someone could give me advice. im supposed to resubmit..my prev analaysis was between 2011-2013. do i need to update it to include 2014 too now?
also in the feedback the moderator remarked: “you cannot compare EPS and DPS in absolute terms”..i have no idea what it means…any idea?? will it be OK if i skip on EPS altogether? or will that be an issue..dun wanna fail again!May 3, 2015 at 2:25 pm
@hassanhere – this point has been raised dozens of times on the forum and is covered in the information pack p.39 so please take a look. All work should be as up-to-date as possible.
What your marker seems to be saying is that you compared the companies’ EPS in monetary terms rather than as ratios. This renders the significance of comparing the EPS meaningless – it is the percentages as expressed as EPS etc that are important.
No you should not try to take the easy way out and remove EPS. Investor ratios are very important and used by the market to assess the performance of companies and if you don’t have any you could be failed. Besides the marker will see your feedback sheet and look for them and If they see that rather than deal with mistakes you have tried to duck the issue, they are not going to be impressed!May 4, 2015 at 10:36 pm
thank you so much trephena! ur a life saver! cud u be more clearer perhaps? as to the difference between absolute terms and percentages…i would really appreciate it! and yes u were correct i did use monetary figures..May 4, 2015 at 11:21 pm
@hassanhere – absolute refers to using actual figures – you probably said for example that ABC plc’s EPS was 40 cents per share and XYZ’s was only 20 cents. Absolute figures do not help you make proper comparisons everything needs to be turned into percentages then you can make better judgements about their significance.May 4, 2015 at 11:21 pm
@hassanhere – absolute refers to using actual figures – you probably said for example that ABC plc’s EPS was 40 cents per share and XYZ’s was only 20 cents. Absolute figures do not help you make proper comparisons everything needs to be turned into percentages then you can make better judgements about their significance.May 4, 2015 at 11:38 pm
correct me if m wrong, are u suggesting i should convert EPS absolute figures into percentages by dividing, the difference between 2012 and 2013’s EPSs, by 2012’s (Base year)…..or are u referring to ratios such as P/E and E/P…m sorry if my query sounds stupid but m really worried about this…and wish to be absolutely certain this tym aroundMay 5, 2015 at 7:18 am
– on its own EPS is not particularly helpful but if combined with other ratios it might be. For example in the case I cite above – if the share bases are significantly different this will tend to skew the effect of EPS. So you need to look at P/E and dividend yields etc. to get the complete picture. No you certainly do not need to divide differences as per your first suggestion although a graph showing the year by year trend in EPS would be relevant in the investor ratio sectionMay 5, 2015 at 7:54 am
@trephena I will be resubmitting this may. Feedback suggested me to remove dividend income during npm calculation for a more accurate analysis as company figures resulted in GPM > NPM. However, that project was done using company figures. Will it be fine for me to just switch to group figures where Npm will definitely be less than gpm rather than using back the same company figures as the previous project and remove dividend income. There isnt any solid available information regarding its dividend income.May 6, 2015 at 1:46 am
Hello, is it imperative to stick to the 500 word requirement for the re-submission statement? I currently have 569 words.
Thank you 🙂May 6, 2015 at 10:59 am
@CBK1 – First you need to understand why they have said this -do you? It is because technically dividend INCOME does not result from the sales your company has made (unless it happened to be an investment organisation) so including it distorts the net profit figures and it is part of the Operating NOT net profit calculation. Normally if you look in the notes to the accounts you should see a breakdown of the dividend INCOME received – possibly under the section dealing with operating profit or other income.
I doubt a marker failed on this,alone – they often cite an example or two just to indicate the types of things that were wrong. Post your whole feedback comments on OBU Marker-Speak and I will discuss the main issues further.May 6, 2015 at 11:12 am
as unfortunately the whole purpose of the resubmission statement is misunderstood. It is supposed to be for YOU to help you pass not for OBU to mark. The word count for it is merely a guide – if a student has only failed on something ”minor’ such as the Presentation they can possibly only write about 300 words. If you have written more than 500 no problem as long as you have addressed the issues raised and corrected them in your RAP – that is the main thing.May 6, 2015 at 5:30 pm
i have had used several profitability ratios previously. i.e. ROCE, GP margin, NP margin, ROE, ROA, EPS. the marker asked me to add detail. when adding detail, covering this many ratios is difficult. please suggest which ratios are most appropriate for profitability analysis of a textile mill.May 7, 2015 at 12:19 am
Thank you Trephena… Apologies for initially posting in the wrong spot. Your help and kindness is most appreciated 🙂May 8, 2015 at 9:45 am
Hi, I have some questions that needed your help. This is the marker’s comment for my RAP:
“You have the basis of a good project. it is interesting and well written. However, the only referencing within your financial analysis is in relation to the annual report of DHG and it’s comparator. This could be due to poor referencing (and there is certainly a lack of overall referencing), or it could mean that more research is needed outside of the annual report”
1. What does “overall referencing” mean? Is it the file referencing I submitted?
2. They said “within your financial analysis”, does it mean my business analysis is okay?
3. If my other parts were okay, I only need to adjust my financial analysis?
4. If I still make some adjustments to my model including SWOT and Value Chain analysis as well, will the passes be carried forward?
5. I passed the SLS so for the submission, I only need to submit my RAP, appendix, reference and the statement, not my slides?
Please help me. Thank you so much.May 8, 2015 at 12:12 pm
@ha – this is probably more appropriate to the topic OBU Marker-speak, so I”‘ll move it there in a few days.
Your main problem clearly was referencing. There are several ways that this impacts on the RAP result. From the citation from the marker – because you only showed references that related to the annual reports it appeared that your analysis was too narrow and one-sided – in other words it did not demonstrate adequate research and evidence of sufficient information gathering as it seemed to just rely on company sources. Now the marker has hinted that this may not have been the case but may have been just a general lack of referencing in your financial analysis e.g. you did use other sources but simply did not reference them.
Now to address your actual questions
1. By ‘overall referencing’ – I think this is just the wording and possibly is better stated as ‘referencing overall’. In other words the marker felt references were possibly missing in many places in the whole of your report. In short your in-text references were inadequate
2. It seems to just mean that you referenced your business analysis much better e.g. more references and showed sources other than just annual reports. It does not express an opinion other than this.
3. The SWOT and models need to be integrated into the financial analysis – the business & financial analyses are inter-related – they do NOT stand alone (see my article on our homepage http://www.opentuition.com/obu
where I explain this
4. Some of this has really been covered in (3) above. If you keep the same topic and company the passes are carried forward. As to whether the models you have chosen are the best to integrate with your financial analysis depends on your company. Certainly SWOT is good but I cannot say either way for the Value Chain.
5. For technical reasons you may need to load your slides but it will not be remarked as you passed.
Good luck!May 14, 2015 at 7:30 am
@trephena: Hello Trephena,
I have some queries for your help:-
I submitted my RAP last period and passed in all except Self Reflection and SLS.
My query is whether this period I have to resubmit the SLS and Resubmission Statement along with the presentation, appendix and references file as well? Or it’s just the SLS and the Resubmission Statement.
Also, does resubmission statement have a pass/fail grade as well?
I am not sure of what to write for 500 words because I have very minimum changes. Could you suggest some tips on it?
I have re-written the SLS and changed only Q1 and Q2 as mentioned by the moderator/examiner.
My concern is do I need to revise the whole of SLS including Q3 and Q4 or leave it unchanged.
I am enclosing the examiners comments below for ease of addressing my queries:-
“Q 1 is unfortunately largely descriptive of the events that transpired at the 3 mentor meetings. What you need to do is to look at these events and point out whether either before or after the process you were able to take advantage of strengths you already had or were able to reduce possible weaknesses. What did you learn? This shouldn’t be in a paragraph at the end. Q 2 you should look at specifically the initial research objectives you outlined and seek to assess whether you were able to fully meet them in the course of completing your report. This can be both positive and negative points of consideration. It isn’t though enough just to relate what they were without any further insights on your part.You adopt a Self-Evaluation not achievement of Research objectives as an heading and what you cover is off the point from then on.”
MODERATOR-There is evidence that some of the SLS has been copied from other sources; this should be self reflective statement, on your experience of completing the project, and working with your mentor. Please ensure that your next submission Is written in your own words.
Those were my comments.
I am surprised with the moderators comments because I have not copied from any source. Maybe the writing style would be similar to some one else’s.
Anyhow I made changes according to the the above comments and re-wrote Q1 and Q2 and incorporated self-reflection in between the meetings transpired.
My major concern is do I need to re-write the whole of SLS because moderator has not mentioned which parts. I am assuming it is addressing to only Q1 and 2, but I would be grateful if you provide some light and suggestions for improvements for the same.
Would you recommend going through Turnitin, to ensure plagiarism is avoided at the best possible manner or if you have any other suggestions regarding this matter.
Kindly provide input on what to write in the resubmission statement. Does it have to be in a required format?
Thank you for your help.
Awaiting for your favourable reply soon 🙂May 14, 2015 at 8:49 am
I think you should focus on Q1 & 2 but also re-evaluate your replies for Q3 & 4 and see it you can strengthen them. The resubmission statement: 500 words are merely a guide and if you have failed on self-reflection it would be impossible to write that much without waffling! 🙂 There is no prescribed format but if you look at my article on our homeapage I suggest how I would do it.
Sometimes the system makes you submit the Presentation even if you have already passed it – just have it at the ready to load to avoid any frustration when uploading. However only the Self-reflection will be re-marked.
I think this feedback that I saw for another student who failed the same areas may help you with this as it suggests you try to look at the whole process and think about how you developed (academically and as a person):
“The purpose of self-reflection is for you to evaluate your whole learning experience of how you went from a being an ACCA student only accustomed to studying for and sitting exams to learning how to research, analyse and think for yourself in producing an academic piece of work. This normally means that you have to acquire a new skill set and overcome many challenges and set-backs. You need to evaluate the process from the point of view of how you were affected and what you learned from both an academic point of view and also any life lessons. Your current responses are very descriptive – you list out what you or your mentor did/said but do not reflect on its further significance or give specific examples (e.g. what were the difficulties encountered and resolutions?) Q2 rather than list what you did, consider whether these techniques were appropriate or whether with the benefit of hindsight you would change anything or could have taken a different or better approach. You should assess your own strengths and weaknesses and try to apply these throughout and also to Q3 & 4 too as again these read more like a list rather than an self-assessment.”
I cannot comment on the Moderator’s comments but these would probably have been made in the light of the electronic checking process indicating that passages of your work greatly resembled previously submitted work.
I always suggest to students that the best statements are those that are written “from the heart” – not as a diarised list of what happened, not as a made-up statement of what you think an idealised student would have done but how ‘little you’ were presented with the daunting task of producing a 7,500 word academic report based just on the Information Pack and a mentor. Place that in the real world of work and social life demands and lack of little or no experience in researching and analysing or semi-formal academic style writing and there must have been many challenges. You have come a long way baby and so tell them how you have developed and changed and how useful the whole learning process has been and will be for you both in your career and life generally.
(Take a look at my reply dated 2 Nov 2014 to alfred halfway down p.5 of Topic 17 Corporate Governance and also that to ruva dated 2 May 2015 on Topic 19 as I make a few suggestions to these students which may give you some inspiration)
No don’t bother running it through Turnitin – if you reflect as suggested above and bring in your own experiences and examples it should be fairly original and unique to you.
Good luck!May 14, 2015 at 9:28 am
Highly appreciate your valuable feedback.
Thank you so much for your kind help 🙂May 15, 2015 at 5:47 am
I failed my RAP on topic 6 but I passed my SLS.Do I need to make new presentation slides since I have not changed the topic and organisation though I have made a lot of changes in my RAP?May 15, 2015 at 10:50 am
@ernest – if you passed the Presentation then the pass will be carried forward. Sometimes however you may find that you still have to load files as the system may not let you complete the submission without it – in which case just load it!
It won’t be looked at because you cannot be failed on something already passed if you have not changed the topic and organisationMay 15, 2015 at 2:27 pm
I am about to submit..and to just to be sure..i failed in RAP and Communication portion of SLS..i havent change the topic/company..so i dun need to update my sls..just the presentation ryt? sorry i went through the initial posts buh most of the ppl had passed RAP with just communication sec failed….could you kindly confirm..thanks in advance 🙂May 15, 2015 at 2:41 pm
@hassanhere – if you passed Self-reflection that pass will be carried forward together with any parts of the RAP (sections 1 to 7) that you passed.
If you failed the Presentation slides then you will need to make the improvements the marker suggested and also to pass the RAP you will need to improve the areas that the marker/moderator indicated on the feedback sheet.
You will also need to load a Resubmission Statement setting out what you have done to rectify the previous submission.May 15, 2015 at 4:43 pm
You must be logged in to reply to this topic.