ACCA Exams Dec 2012

mini_schnauzer

Best of luck to everyone sitting ACCA exams this week and next.

dantray

F5???

Did anyone sitting F5 today seem to wonder where on earth the syllabus testing part of the exam was?

Unless I have completely missed something we seem to have got of extremely lightly in comparison to other sittings?

I think I have thrown away at least 20 very easy marks by being a bit complacent and stupidly not revising the easier stuff and instead focusing on the really complicated formulas/equations/and methods that weren't on the exam?

Does anyone share my thoughts?

Thanks,
Dan

disneyland

I sat F5 today. I think Q1 was ok. I got for the C/S ratios 0.45, 0.32 and 0.23 or something like that and then for the break-even revenue 1,778,000 or similar.
Then labour variances question - i messed up a bit - didn't get the correct figure for the actual labour rate (very silly mistake that I made) , but i carried on and I had adverse operational labour rate and favourable operational efficiency variance. I assessed the mananger's performance based on the operational variances only.
Transfer pricing question was the hardest for me. Did the ABC, calculated the new transfer pricing then I was stuck.
What did you put for the bonus schemes, guys? anyone?

dantray

I put the same Q1 answers as you did.

Labour operational and planning i did not do. for the life of me i couldn't remember how to do it. In the end I put an assumption and analysed using those. i'm really annoyed with myself because it was 16 seemingly simple marks that i completely wasted.

I though the bonuses were too easy and recommended that these were increased to make it more difficult to achieve, thus making the sales managers work harder to get a higher level of fee income, for the same bonus.

I hope i didn't fail. the previous papers were so much harder in my opinion, regression analysis, P formula, linear programming, mix/yield variances, learning curve - I expected to see all of those...

Rozzi Rainbow

I hope everyone's exams went well.

Did anyone from here sit P1 today, what did you think? I thought overall it was quite a hard paper, but I couldn't have written much more with the time I had (could have done with another 5 or 10 mins) so hopefully I've got enough correct points in there. There didn't seem to be much about ethics, I was hoping for a question on celebrity tax avoidance!! I liked question 2 about governance, did that first. Thought the question 1 case study was quite tricky. Left question 3 as the optional one to miss and finished with question 4.

mini_schnauzer

Hi Rozzi

I sat P1 today and P2 yesterday - I am so glad they are over.
I opted for question 3 and 4 in P1 - I remembered loads straight after the exam that I should of included but the paper is so time consuming I didn't have time to think clearly. Fingers crossed for a pass as I really do not want to sit that paper again.

Rozzi Rainbow

Wow good for you doing exams two days running, I don't think I could have managed that!

Was it you that said you were self studying for P2? How did you find it? I plan on taking that one in June, possibly by self study, if all goes to plan.

mini_schnauzer

Yes I am a self studier. P2 was a re-sit, and even though i felt much more prepared than June 2012 sitting, I think that if I pass it will be a scrape through - which I would be more than happy with.

Apparently P2 is called the beast paper - I agree that it is one!