GET FULL MARKS on a Performance Measurement Question | ACCA PM - F5

GET FULL MARKS on a Performance Measurement Question | ACCA PM - F5 | Question 'Ties Only'

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Күн бұрын

🚀 Get all my PM Videos here: tinyurl.com/ACCA-PM-Help 🚀 Help, exam technique and tips to help you pass the ACCA CBE PM exam. In this video you'll learn how to tackle the commonly examined requirement, "Assess Performance of a Company." I'll share time management tips, how to use the CBE spreadsheet, how to calculate the ratios, and how you write up your answer.
I'll take you through the past exam question, "Ties Only," and the link to the question is here:
drive.google.com/file/d/1v2fu...
in this video, I'll share lots of tips and CBE help to get you closer to a pass on you ACCA PM exam.
Good luck on your upcoming PM exam!
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Table of Contents:
00:00 - Introduction
03:00 - Exam Technique
04:15 - Time Management
08:45 - Calculating your results
09:32 - Show your results in relative terms
10:01 - How calculations are marked
10:39 - Writing up your assessment
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Steve Willis ACCA
www.stevewillistraining.com
How to pass ACCA CBE Exams
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For more on this on check out Open Tuition • Financial Performance ...
Find many other helpful videos on James Wright ACCA / jameswrightacca
More helpful videos from ACCA: • ACCA Student KZfaq C...

Пікірлер: 80

@SteveWillisACCA 9 ай бұрын

🎯To get access to all my videos with NO ADS, and to join my WhatsApp Group, click Here: videos.stevewillistraining.com See you in the WhatsApp group!🎯

@me140498 2 жыл бұрын

I love that you're posting so many videos before the exam! thank you so much

@SteveWillisACCA 2 жыл бұрын

You're so welcome!

@nguyenphuonglan1209 2 жыл бұрын

I watch all your videos about PM. Many thanks!!!

@SteveWillisACCA 2 жыл бұрын

you're welcome!

@shash3391 Жыл бұрын

Thank you so much brother... I finally passed after watching your videos

@SteveWillisACCA Жыл бұрын

Excellent news! Well done 👍

@samridhisingh2154 Жыл бұрын

Beautiful explanation! Thanks Steve :)

@SteveWillisACCA Жыл бұрын

Glad it helped :)

@krishboodhun6442 2 жыл бұрын

Thanks a lot for this!

@SteveWillisACCA 2 жыл бұрын

You're very welcome!

@ruchim6186 2 жыл бұрын

Big Thank you Mr. Steve

@SteveWillisACCA 2 жыл бұрын

You're welcome :)

@kby39 2 жыл бұрын

Man you are a legend.. thank you

@SteveWillisACCA 2 жыл бұрын

You're welcome 😁

@johnnymax128 2 жыл бұрын

Thank you Mr Steve. If there is "Balanced scorecard" in the Section C questions.Could you make a video about it?

@SteveWillisACCA 2 жыл бұрын

Yes, that is now on the list

@ceemombs 2 жыл бұрын

Thank you Steve,.I had made the mistake of using the working as my discussion points when i attempted this.I will remember not to do this in the exam. I am also taking your lecture voice playing in my head into the exam on Wednesday 😊

@SteveWillisACCA 2 жыл бұрын

Good luck!

@Deelist2 Жыл бұрын

Life saver. Resitting PM after failing last year

@SteveWillisACCA Жыл бұрын

Good luck! I'm glad the videos are helping :)

@wardahanuar4154 2 жыл бұрын

Thank you Steve!

@SteveWillisACCA 2 жыл бұрын

You are welcome!

@MikeHampton. 2 жыл бұрын

Hi Steve, just wanted to say thanks for the many uploads on PM. Got my Dec-21 results this morning: 58%. Your exam question breakdowns definitely helped. See you back here in April for FM!

@SteveWillisACCA 2 жыл бұрын

Great to hear! Well Done :)

@rubensafaryan8439 2 жыл бұрын

Thanks a lot for the video. Can I ask you to help us with the market size and market share variances?

@abinvincent482 Жыл бұрын

Excellent.Indebtful💪

@SteveWillisACCA Жыл бұрын

Thank you 🙌

@harsimarsingh1617 7 ай бұрын

Amazing❤ Thank you so much

@SteveWillisACCA 7 ай бұрын

You're welcome 😊

@Saffron_Kid Жыл бұрын

Thankyou for such a wonderful video Sir!. Never thought it could be that easy, simple and straight forward

@SteveWillisACCA Жыл бұрын

Glad you found it helpful--good luck on your upcoming exam!

@Saffron_Kid Жыл бұрын

@@SteveWillisACCA Thankyou Sir. However Sir i have a small query regarding questions of Financial Assessment of performance of an organisation.

@Saffron_Kid Жыл бұрын

@@SteveWillisACCA Sir as we measure the % change in the cost from one year to another, it is quite obvious that since there has been a change in Sales Revenue (or Activity Level) the cost is also expected to increase. So shouldn't we rather firstly calculate the % of cost in relation to the Sale Revenue (i.e. Cost Margin) for each year and then measure the % change from one year to another. Hope you have understood my question and would help me out 🙏🏻

@SteveWillisACCA Жыл бұрын

Interesting question! Yes, the 'cost as a percent of sales' measure is relevant as you want to focus your discussion on most significant costs. But it's not required as an additional calculation for earning a mark when making a point about an expense changing. Remember it's important to include cost behavior in your discussion as well. It's a different issue if a fixed or variable cost is increasing.

@Saffron_Kid Жыл бұрын

@@SteveWillisACCA Thankyou for your valuable guidance sir. One last thing sir, will it be enough to gain majority of marks provided what you have written. Because being an Indian we are usually asked to write a lot for a requirement of 10-12 marks question. Can you give me a rough idea as to how much shall i write for questions like these, as i believe i create a sea of words majority of the time

@p.r.8820 2 жыл бұрын

Mr Steve, you make us Acca students to love each and every topic when you explain, and you make it seem so easy. Hats off to you for all your effort. 🔥🙏

@SteveWillisACCA 2 жыл бұрын

It's my pleasure

@viviannozhe1204 2 жыл бұрын

Thank you so much , appreciate if u could solve for us a question from section c exam kit related to transfer pricing , there is a question called Division A in the exam kit , i found a difficulty solving it and also part b of CTD question , i really get confused when question demanding linking transfer price to performance targets. Thanks in advance .

@ahmadkabuli3092 2 жыл бұрын

Thank you sir may you make some video for solution of f2 kits exam?

@missgee1993x 2 жыл бұрын

Hi Steve, thankyou for this video, it was super helpful! Please could you explain where you got the 3.8% drop and 74% drop figures in the changes in margins? Thanks 😊

@SteveWillisACCA 2 жыл бұрын

Hi Grace, the 3.8% is 50/52 - 1 : the drop in %, not percentage points. For example, when system downtime in the next part goes from 2% to 4%, this is a 100% increase, not a 2% increase. 4/2 - 1 = 100%. You could say system downtime increased 2 percentage points but that doesn't tell you about the importance of the change. Make sense?

@missgee1993x 2 жыл бұрын

@@SteveWillisACCA perfect, this makes sense now, thankyou so much for explaining. I also watched your lecture with ACCA and found it extremely helpful, so thankyou!

@Amanda-ru3jy Жыл бұрын

Thanks a lot sir!!!!!!

@SteveWillisACCA Жыл бұрын

Np :)

@ramlaa.a1586 2 жыл бұрын

Hi, Mr.steve thanks for the support and am getting confused that in section C question they say that they need in paragraph not in tabular form , so what to do. should i follow the tabular approach when the question is asking both discussion and calculation or i can also use tabular approach when full 20 marks are for discussion only.

@SteveWillisACCA 2 жыл бұрын

Hi there do the numbers and comments in the spreadsheet as you normally would

@bethsummers779 10 ай бұрын

Hi Steve. I've watched so many of your videos to help me with my upcoming PM exam. I'm now overthinking the format of the answers, I have been using your table format for all performance evaluation questions I've practiced but for a 20 mark 'discuss the performance' question... the model answer is written out in paragraphs. So now I'm unsure if I can use the table format for these big mark questions, could you please advise?

@SteveWillisACCA 10 ай бұрын

Hi, you can absolutely use the table tool--there are no extra marks for it, nor any taken away for not using it. As long as your numbers can be understood you'll get the calc marks, and if they understand your write-up, you'll get the discussion marks. But using a table will keep you organized and more aware of time elapsing. I recommend using the table.

@DBSJ18forever 2 жыл бұрын

Thank you 🙏🏼

@SteveWillisACCA 2 жыл бұрын

You’re welcome 😊

@komalwaseem7629 2 жыл бұрын

@@SteveWillisACCA Can you explain and solve the questions of September 2021 CRQ which was refusal collection

@sabinmanimala7003 2 жыл бұрын

thanks top g.

@SteveWillisACCA 2 жыл бұрын

You are welcome!

@vaishnavidhawale2802 4 ай бұрын

basically the above answer is for 6 marks and we have to write 6 different paragraphs for the rest 6 marks of financial performance management part

@SteveWillisACCA 4 ай бұрын

no, the workings are also giving you marks

@Happyheartstlc 11 ай бұрын

Hi Steve, when we get a question to assess the performance, do workings and also comment, will we get a spreadsheet or a word processor to answer our question. I am confused about this please help! Thank you.

@SteveWillisACCA 11 ай бұрын

They have always given the word processor, so you'll need to do the math with a calculator.

@Happyheartstlc 11 ай бұрын

@@SteveWillisACCA thanks!

@ghostof3am Жыл бұрын

Dear Steve, why did you write -1 in the workings of some ratios?

@SteveWillisACCA Жыл бұрын

Just to show the %. For example, 11/10=1.10 you can see that's a 10% increase, but if you subtract 1, you get 0.10 the 10%. Either way you get the same marks if you interpret it as a 10% increase. Likewise, 9/10-1=-10%.

@salaudeenhussenat3203 2 жыл бұрын

Hi Mr Steve I'm preparing for the next diet exam that is September 2022 and I don't know where to start. I'm writing Pm/Fm

@SteveWillisACCA Жыл бұрын

Hello, it depends on your strengths--I recommend doing easier things first. If you did well on FA and know your debits/credits well, start with FR. But if you did better on MA--I'd suggest you do PM first. I personally did the PM equivalent first back when I did the exams.

@salaudeenhussenat3203 Жыл бұрын

@@SteveWillisACCA I did not FA and MA I got exemption as I am an accounting graduate. It's only PM I'm writing now because I have dropped FM

@ruqaiyaghayas1882 Жыл бұрын

Thank you Mr Steve, can you please tell would i get full marks for writing 2 to 3 sentences, instead of writing a full paragraph

@SteveWillisACCA Жыл бұрын

It depends on what you write. If you say, "Admin costs are up 50%. This is a concern because admin costs are usually fixed. Maybe the owners broke their promise and took their salary increase early." you would get a mark. If you said. "We see admin costs went up 50%. Admin costs are usually fixed." No mark, the second example is not evaluation.

@ruqaiyaghayas1882 Жыл бұрын

@@SteveWillisACCA understood, thank you sir for helping me understand

@SteveWillisACCA Жыл бұрын

Great :)

@SuperHizqeel Ай бұрын

Sir, Can we use Excel Sheet During Performance Measurement real exam?

@SteveWillisACCA Ай бұрын

you can only use the response option they give you--usually the word processor unfortunately.

@h3ll_3 Ай бұрын

What do you mean at 9:40?

@SteveWillisACCA Ай бұрын

Here's an example---system downtime: Jan 2% Feb 4% --- "downtime increased by 2 percentage points" This is absolute terms--speaking in points. "Downtime DOUBLED in Feb, Downtime increased 100%" This is relative, comparing the change as % of the starting point.

@h3ll_3 Ай бұрын

@@SteveWillisACCA Thank you Steve, I understand now

@speedlive6106 2 жыл бұрын

If it does not require to show working, should we show it anyway?

@SteveWillisACCA 2 жыл бұрын

It's a good idea to show your workings so you can get partial credit if your result is wrong, this is called 'own figure rule.' But if your result is correct, you get the credit with or without the working.