Category Archives: CIMA May 2020

CIMA OCS May 2020: ChargeIT

The May and August 2020 pre-seen materials were released and it’s proved to be a groundbreaking day for CIMA.

Firstly, it’s the first set of pre-seen materials released for two exam sittings.

What’s more, CIMA announced, that due to the COVID19 outbreak, the May case study exams will be available for students to take at home!

CIMA will be releasing further details in the coming days.

Anyhow, on to my SWOT analysis of the pre seen materials for the chargeIT OCS exam.

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Strengths

Innovation through Research and Development

It’s clear from the outside that the ChargeIT main strength and source of competitive advantage lies with it’s research and development department. This focus has led the company to exploit new technologies in the development of new batteries for it’s products.

ChargeIT are acutely aware of this strength as the pre seen also mentions;

The R&D department is also responsible for the design and
functionality of the electronics used in all of ChargeIT’s products.

This also includes supporting other areas of the business with electronics knowledge and understanding.

The company is keen to pass on this strength across the whole business and ensure all areas have an understanding of electronics.

Weaknesses

The Finance Department

I don’t want to be too critical of the finance department being an accountant myself but it’s clear from the pre seen materials that the finance department SHOULD be contributing more than just day to day operational tasks.

You might also consider this on the flip side and see it as an opportunity to grow the skill set and scope of the finance team. Here is an example of what I mean;

  • Budgets are annual “top-down” approach.
  • Monthly reporting actual v budget is performed by senior management with no finance team input.
  • The finance departments role hasn’t changed since 2001

There is also mention that chargeIT uses a standard absorption costing method – is this ideal for chargeIT?

Remember the OCS exam tends to look at costing system methods, so focus on this area in your studies. Make sure you can explain the different methods and apply it to the chargeIT scenario.

Opportunities

The demand for Robotic technologies

Robotic technologies are everywhere at the moment and given the case study exams now revolve around the 2019 syllabus, it’s always good to be aware of the features and application of new technologies.

To be more specific of the opportunities for chargeIT, this is an extract from the pre-seen;

Robotic vacuum cleaners, whilst still one of the smallest categories, showed strong growth with sale volumes rising by 17.5% in 2019.

Sales of gardening power tools in Eastland increased in 2019 by 3.9% to E$324.4 million whilst sales of lawnmowers contracted by 1.1% to E$356.9 million. Robotic lawnmowers however showed strong growth from E$51.5 million to E$58.9 million.

Simply put, the sales of lawnmowers in Eastland have decreased by 1.1% where as robotic lawnmowers have increased by 16%! Add this to the fact chargeIT have a strong focus on new technologies and R&D there is a strong opportunity here.

Threats

HR Processes and Infrastructure

There are a couple of mentions in the pre-seen materials that chargeIT has experienced rapid growth in the last few years.

While it has done wonders for the revenue and profit numbers, such rapid growth also creates a risk that the company infrastructure is not adequate to keep pace of the business.

Below is the specific threat mentioned in the pre-seen;

Human resources are the responsibility of the HR Manager. The company has expanded rapidly which has created a number of issues in managing human resources.

It has been recognised that there is a need to build new processes for human resource management to ensure the well-being of both existing and new staff.

The positive note here is the fact the company has recognised this risk and there is a need to build and improve HR processes to attract and retain their staff – particularly important if they want to keep their best members of the R&D team – which will in turn main their competitive advantage.

CIMA May 2020 – Astranti OCS Course

I used the full course from Astranti to pass my OCS exam first time in 2015 and have used them ever since.

They have revamped their content for case studies to include even more helpful materials and resources for students taking the OCS exam.

Offer valid until 6th April

CIMA Case Studies: May 2020

The May 2020 CIMA case studies represent somewhat of a milestone as the pre-seen materials released will cover TWO exam periods – both May and August 2020 case studies will use the same pre seen materials.

This is my understanding after speaking with a few tuition providers as well as indicated on the CIMA Exam Timetables pictured below.

You can see that the August 2020 has NO pre-seen materials release date, this is due to the August case study exams using the same pre-seen materials from the May exam.

What does this mean?

These are only my assumptions and thoughts, but this gives students who are planning to take a case study in August 2020 some flexibility as to when they want to start their exam preparations as the pre-seen material for their exam will be available in March.

I would suggest, though, not to start preparing for an August case study too early.

You do not want to peak in June or July when your facing an exam in August.

Even if you have access to pre-seen materials in March, I wouldn’t go overboard on revising the pre-seen just yet.

I’d also recommend speaking to your learning provider to understand if there are any implications on their materials and resources for the case study exams.

Effective Studying for CIMA Case Study Exams

With this new information in mind and the fact the case studies are now based around the 2019 Syllabus content, it’s a good time to remind ourselves how to effectively study for a case study exam.

The below video from Astranti is a great summary on how to approach a case study;

  • Have a study plan
  • Practice exams are key
  • Hard work is required – don’t leave it until the last minute
  • Study without distractions

It’s all common sense stuff but with the pre-seen materials only a couple of weeks away it’s the perfect time to start planning how you will pass the May CIMA case study exam.

Pre Seen Materials

Planner

This is a reminder that the pre-seen materials can be found in your CIMA planner, under the resources menu.

*You will need your usual CIMA ID and login details to access it.

I will be providing my own SWOT analysis on each exam once I have had time to digest the pre seen materials.

May 2020 Case Study: Astranti Courses

I believe the quality of the content and support provided by Astranti with their CIMA case study courses is second to none. I used their courses to pass my case study exams first time.

Well worth a look if you haven’t already seen what they offer.

Offer expires 6th April

Pre-seen materials released 3rd April 2020

Pre-seen materials released 6th April 2020

Here is what you can expect from their course.

Complete pre-seen pack (pre-seen, strategic, industry analysis and top 10 issues)
3 x Full tuition videos
2 x Study texts
2 x Live Masterclasses
4 x Full Mock Exams (based on May 20 scenario)
Detailed marking and feedback
Ethics Pack
Pass Guarantee

Good Luck!

Analysing CIMA Exam Results

Reflection can be just as important as preparation when it comes to passing CIMA exams – whether it’s an objective test or a case study, analysing where you went wrong and how to correct it for future sittings is invaluable.

CIMA Exam Results – Case Study Exams

Next up are the case study exams which have a familiar feel to them as you have to wait 6-8 weeks before you receive your result. A reminder of the old 2010 syllabus!

But once you receive your results you should analyse the feedback as it’s a useful tool to learn from – even if you have passed the exam – it’s still valuable to see what areas you excelled in (Strong) or areas you just passed (Moderate).

CIMA Case Study Results Example

Here is what to expect when checking your case study results.

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  • There are five areas that are marked in the case study exams and all areas need to be marked as Moderate or higher.
  • You can see above the Technical Skills element (which makes up the bulk of the exam) has been marked as Moderate but still gives you a reminder that you can improve in certain areas.
  • I would suggest to review the performance feedback even if you have passed the exam – as it acts as a reminder that areas can still be improved on (unless you aced the whole exam!). 

The below video from CIMA is a good watch and explains how the case study results work.

Finally, I would recommend visiting the following link here – which is the Exam Information homepage on the CIMA connect website and gives you tons of useful links and explanations on the whole examination process.

If you have any advice or tips please feel free to leave them in the comments section below. Happy Studying and Good Luck!!

Astranti Case Study Course with Pass Guarantee

If you have failed a CIMA case study exam then you should consider the full Astanti case study courses that come with a PASS GUARANTEE.

You can find full details on the OCS, MCS or SCS  May 2020 courses below:

Astranti Case Study Course Contents:

  • OCS/MCS/SCS study text (part 1 and 2)
  • Pre-seen analysis (video and text)
  • Strategic analysis (video and text)
  • Top 10 issues (video and text)
  • Industry analysis (video and text)
  • 2 x online master classes – each class is a full day revision (recorded and live)
  • 3 x online mock exams – answered with detailed tutor feedback
  • Ethics pack
  • Personal advice and guidance

CIMA Exam Results – Objective Tests

One of the advantages of the new CIMA objective tests is the fact you get a “Pass” or a “Fail” grade as soon you finish the computer based exam. Then, 48 hours later you will receive an email confirmation that you can find the full breakdown of how you measured up against each area of the syllabus.

However, it’s important to realise that you will see the scaled score (from 0 – 150) and not a percentage mark. Which I think is a bit strange as CIMA tell you need 70% to pass the Objective tests but yet you don’t get to see the % score out of 100.

Nevertheless, the scaled score is still a useful indicator on how you fared in the exam. I believe that a scaled score over 100 equates to a pass mark although you also need to be proficient in each area of the syllabus too.

CIMA Objective Test Results Example

Below is an example of what you will see when logging in to your CIMA account to view your results.

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  • You can see that the “Not Proficient” comment was applied to the Financial Reporting area of the exam.
  • Moreover, CIMA provide you with specific areas of the syllabus which you need to focus based on your answers in exam day.
  • This a key piece of information and should be used as a focus for your revision on the resit.

For further information on how the CIMA Objective Tests are marked and what to expect you should watch the video below.