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

[@SteveWillisACCA]

Hey guys, check out my new revision course 👉🏼 www.stevewillistraining.com 👈🏼 Get 20% off with code: KZbinFriends20 at checkout!

[@me140498]

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

[@SteveWillisACCA]

You're so welcome!

[@Deelist2]

Life saver. Resitting PM after failing last year

[@SteveWillisACCA]

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

[@shash3391]

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

[@SteveWillisACCA]

Excellent news! Well done 👍

[@nguyenphuonglan1209]

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

[@SteveWillisACCA]

you're welcome!

[@johnnymax128]

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

[@SteveWillisACCA]

Yes, that is now on the list

[@sobirjongofurov5047]

You made that look easy. Thank you so much, I appreciate your videos

[@SteveWillisACCA]

You are so welcome!

[@Saffron_Kidd]

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

[@SteveWillisACCA]

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

[@Saffron_Kidd]

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

[@Saffron_Kidd]

@@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]

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_Kidd]

@@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

[@kby39]

Man you are a legend.. thank you

[@SteveWillisACCA]

You're welcome 😁

[@samridhisingh2154]

Beautiful explanation! Thanks Steve :)

[@SteveWillisACCA]

Glad it helped :)

[@rubensafaryan8439]

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

[@kimnamsim4807]

for question such as discuss financial and non-financial performance,can we use this framework for the question or we should write in a paragraph?

[@SteveWillisACCA]

If you develop your ideas and say "how" or "why" something happened, you'll get the credit, no matter the layout.

[@krishboodhun6442]

Thanks a lot for this!

[@SteveWillisACCA]

You're very welcome!

[@glenicasdream]

Hi Steve, is there a continuation of this video, please?

[@SteveWillisACCA]

Hi, I just do part A in this video, I don't have B and C yet.

[@ruchim6186]

Big Thank you Mr. Steve

[@SteveWillisACCA]

You're welcome :)

[@ceemombs]

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]

Good luck!

[@missgee1993x]

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]

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]

@@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!

[@bethsummers779]

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]

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.

[@wardahanuar4154]

Thank you Steve!

[@SteveWillisACCA]

You are welcome!

[@ramlaa.a1586]

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]

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

[@abinvincent482]

Excellent.Indebtful💪

[@SteveWillisACCA]

Thank you 🙌

[@MikeHampton.]

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]

Great to hear! Well Done :)

[@viviannozhe1204]

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 .

[@harsimarsingh1617]

Amazing❤ Thank you so much

[@SteveWillisACCA]

You're welcome 😊

[@ghostof3am]

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

[@SteveWillisACCA]

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]

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]

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]

@@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

[@SuperHizqeel]

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

[@SteveWillisACCA]

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

[@Amanda-ru3jy]

Thanks a lot sir!!!!!!

[@SteveWillisACCA]

Np :)

[@Happyheartstlc]

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]

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

[@Happyheartstlc]

@@SteveWillisACCA thanks!

[@ahmadkabuli3092]

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

[@ruqaiyaghayas1882]

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]

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]

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

[@SteveWillisACCA]

Great :)

[@vaishnavidhawale2802]

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]

no, the workings are also giving you marks

[@TinymightyJ]

Thank you 🙏🏼

[@SteveWillisACCA]

You’re welcome 😊

[@komalwaseem7629]

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

[@sabinmanimala7003]

thanks top g.

[@SteveWillisACCA]

You are welcome!

[@h3ll_3]

What do you mean at 9:40?

[@SteveWillisACCA]

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]

@@SteveWillisACCA Thank you Steve, I understand now

[@p.r.8820]

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]

It's my pleasure

[@speedlive6106]

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

[@SteveWillisACCA]

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.

[@sirivarshini7248]

what is FX rate?

[@SteveWillisACCA]

Foreign Exchange Rate.

[@hamzabangash3579]

Ur typing is very fast😅

[@SteveWillisACCA]

:) that's fast forward :)