bafs talk management 9april2011 - hkabe materials/bafs_management...1 sharing in teaching bafs –...

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Sharing in teaching BAFS –Management Module

TAI Ming-keeChairman of Hong Kong Association for Business Educ ation9th April 2011

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Financial Manag ement under AL – Business Studies

Subsumed in Compulsory PartSubsumed in Compulsory Part

Cost Cost behaviourbehaviour -- deleteddeleted

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Comparison between BAFS and AL Syllabuses

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Comparison between BAFS and AL Syllabuses

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Comparison between BAFS and AL Syllabuses

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Comparison between BAFS and AL Syllabuses

Financial

Analysis

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I. Financial Analysis

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I. Financial Analysis

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BAFS L&T Resource KitBAFS L&T Resource KitElective Part Elective Part –– Management ModuleManagement Module

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BAFS L&T Resource KitBAFS L&T Resource KitElective Part Elective Part –– Accounting ModuleAccounting Module

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Comparison between BAFS and AL Syllabuses

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2011 Mock Paper 2

Question Four (20 marks)

Topics related:Investment Appraisal1) Net present value method 9 marks

2) Payback period 3 marks3) Accounting rate of return 8 marks

4) Analysis and appraisal 3 marks

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Mock Exam -Question 4(20%)4)4) Generally, some students failed to take care the Generally, some students failed to take care the

requirements of insurance premium and the rising of requirements of insurance premium and the rising of servicing and fuel charges : servicing and fuel charges :

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Mock Exam -Question 4(20%)4a)4a) Fairly answered. Some failed to calculate correctly Fairly answered. Some failed to calculate correctly

due to ignorance of purchase discounts, disposal due to ignorance of purchase discounts, disposal value, and insurance premiums. value, and insurance premiums.

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Mock Exam -Question 4(20%)4a)4a) Continued. Continued.

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Mock Exam -Question 4(20%)4b)4b) Most students failed to Most students failed to recogniserecognise how to apply the how to apply the

payback period , and the adjustment of insurance payback period , and the adjustment of insurance premium.premium.

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Mock Exam -Question 4(20%)4c)4c) Students mixed up with previous a and b, and got lost Students mixed up with previous a and b, and got lost

in the preparation of Income Statement.in the preparation of Income Statement.

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Mock Exam -Question 4(20%)4 c)4 c) ContinuedContinued.

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Mock Exam -Question 4(20%)4d)4d) Unfamiliar to apply the average accounting rate of Unfamiliar to apply the average accounting rate of

return method.return method.

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Mock Exam -Question 4(20%)4e)4e) Unable to mention about any reservation of using Unable to mention about any reservation of using

NPV in evaluating a project. Some ignored the use NPV in evaluating a project. Some ignored the use of payback period for evaluation.of payback period for evaluation.

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Some problems – Payback Period

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Some problems – Payback Period

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Some problems – Payback Period

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Thank you for your patience!