ACCA Exams Dec 2012
mini_schnauzer
Registered Posts: 347 Dedicated contributor 🦉
Best of luck to everyone sitting ACCA exams this week and next.
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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,
Dan0 -
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?0 -
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...0 -
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 4.0 -
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.0 -
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.0 -
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!0
