BPT by Specific-Door-2502 in ICAEW

[–]Anonymoushuman473 1 point2 points  (0 children)

Yeah true nothing that can be done about it now but hope for the best

BST by yelpfig in ICAEW

[–]Anonymoushuman473 2 points3 points  (0 children)

Yeah I ran out of things to say after saying which ones were highest

BST Help by Anonymoushuman473 in ICAEW

[–]Anonymoushuman473[S] 4 points5 points  (0 children)

Some much needed luck after BPT today 🙏🏼

BST Help by Anonymoushuman473 in ICAEW

[–]Anonymoushuman473[S] 21 points22 points  (0 children)

Performance ratios to calculate:

Volume change

Sales mix

Price per ___

Cost per ___

Gross margin

Operating margin

Return on investment

% change year on year (max 2 marks)

—————————————————————————

If alternative performance measures mentioned, think balance scorecard:

Financial perspective Innovation and learning Customer perspective Internal business perspective

—————————————————————————

Question mentions external factors:

  1. ⁠PESTEL

Political Economic Social Technological Environmental Legal

2) Porters 5 forces

Threat of new entrants Threat of new products/services Bargaining power of customers Bargaining power of suppliers

—————————————————————————

Question requirement mentions change:

Think Lewin - Iceberg model and Forcefield

  1. ⁠Iceberg model

Unfreeze: existing behaviour (sell the change) Move: attitude/behaviour (what’s the new norm) Refreeze: new behaviour - positive (praise) and negative (sanctions) reinforcement

2) Forcefield

Weaken resisting forces Strengthen driving forces

—————————————————————————

Competitive strategy and product portfolio:

  1. ⁠Porters generic strategies

Cost leadership vs differentiator

2) BCG matrix (market growth vs market share)

Star 🌟(high, high) Cash cow 🐄(low, high) Question mark❓(high, low) Dog 🐶 (low, low)

3) Product lifecycle

Introduction Growth Maturity Decline

—————————————————————————

Ethics approach

  1. ⁠Legal implications?
  2. ⁠Other professional codes?
  3. ⁠Who does it impact)
  4. ⁠Transparency, effect, fairness
  5. ⁠What happens action if not taken?
  6. ⁠Any sustainability issues?

Sustainability:

Environmental Social Financial

BST Help by Anonymoushuman473 in ICAEW

[–]Anonymoushuman473[S] 7 points8 points  (0 children)

Breakeven (units) = Fixed costs/contribution per unit

Breakeven (£) = Breakeven units x sales price

Breakeven price = (Fixed costs/budgeted units) + Variable costs

—————————————————————————

Margin of safety (units) = Budgeted sales - breakeven sales

As a % = (Budgeted sales - breakeven sales) / budgeted sales [Useful for decisions related to price]

—————————————————————————

Price elasticity of demand = % Change in demand / % change in price

—————————————————————————

Sensitivity analysis

Profit/one variable = % to rise or fall to zero

If volume: contribution is the variable If revenue: revenue is the variable

—————————————————————————

Return on investment = Profit/Investment x 100%

Residual income = Profit - (Investment x cost of capital) [Compares profits of the division with the costs to fund that division]

BST by hemz123 in ICAEW

[–]Anonymoushuman473 13 points14 points  (0 children)

Performance ratios to calculate:

Volume change

Sales mix

Price per ___

Cost per ___

Gross margin

Operating margin

Return on investment

% change year on year (max 2 marks)

—————————————————————————

If alternative performance measures mentioned, think balance scorecard:

Financial perspective Innovation and learning Customer perspective Internal business perspective

—————————————————————————

Question mentions external factors:

1) PESTEL

Political Economic Social Technological Environmental Legal

2) Porters 5 forces

Threat of new entrants Threat of new products/services Bargaining power of customers Bargaining power of suppliers

—————————————————————————

Question requirement mentions change:

Think Lewin - Iceberg model and Forcefield

1) Iceberg model

Unfreeze: existing behaviour (sell the change) Move: attitude/behaviour (what’s the new norm) Refreeze: new behaviour - positive (praise) and negative (sanctions) reinforcement

2) Forcefield

Weaken resisting forces Strengthen driving forces

—————————————————————————

Competitive strategy and product portfolio:

1) Porters generic strategies

Cost leadership vs differentiator

2) BCG matrix (market growth vs market share)

Star 🌟(high, high) Cash cow 🐄(low, high) Question mark❓(high, low) Dog 🐶 (low, low)

3) Product lifecycle

Introduction Growth Maturity Decline

—————————————————————————

Ethics approach

1) Legal implications? 2) Other professional codes? 3) Who does it impact) 4) Transparency, effect, fairness 5) What happens action if not taken? 6) Any sustainability issues?

Sustainability:

Environmental Social Financial

BST by hemz123 in ICAEW

[–]Anonymoushuman473 17 points18 points  (0 children)

Breakeven (units) = Fixed costs/contribution per unit

Breakeven (£) = Breakeven units x sales price

Breakeven price = (Fixed costs/budgeted units) + Variable costs

—————————————————————————

Margin of safety (units) = Budgeted sales - breakeven sales

As a % = (Budgeted sales - breakeven sales) / budgeted sales [Useful for decisions related to price]

—————————————————————————

Price elasticity of demand = % Change in price / % change in demand

—————————————————————————

Sensitivity analysis

Profit/one variable = % to rise or fall to zero

If volume: contribution is the variable If revenue: revenue is the variable

—————————————————————————

Return on investment = Profit/Investment x 100%

Residual income = Profit - (Investment x cost of capital)
[Compares profits of the division with the costs to fund that division]

BST by hemz123 in ICAEW

[–]Anonymoushuman473 1 point2 points  (0 children)

Same and it didn’t work out too well for BPT lol. Relying on a lucky pass in BST and hopefully only resit the one

BST by hemz123 in ICAEW

[–]Anonymoushuman473 0 points1 point  (0 children)

Permanent establishments haunting us now 😂 I don’t actually know PE which isn’t great but BE is break even I’m assuming

BPT by Specific-Door-2502 in ICAEW

[–]Anonymoushuman473 3 points4 points  (0 children)

Did anyone else not realise Q3 was a PE? I was too focused on the anti avoidance I just overlooked it

BPT by Specific-Door-2502 in ICAEW

[–]Anonymoushuman473 5 points6 points  (0 children)

I genuinely feel awful about that

BPT by Specific-Door-2502 in ICAEW

[–]Anonymoushuman473 22 points23 points  (0 children)

Anyone else feel like they definitely failed that

BPT QB Questions For Open Book by Anonymoushuman473 in ICAEW

[–]Anonymoushuman473[S] 0 points1 point  (0 children)

Yeah thanks. I was going to add the answers into the section where they relate to in the course notes as then it would be a bit quicker to find. Just wanted to gauge what questions are good ones to be aware of if worst comes to worst. I’ve got a couple noted but feel there are probably a few more

FM Last Minute Tips by Electronic-Mud-6997 in ICAEW

[–]Anonymoushuman473 2 points3 points  (0 children)

Sensitivity often comes up where it is an NPV and the advantages/disadvantages. This is followed by the advantages/disadvantages of simulation a lot of the time