Comprehensive data analysis from 2012-2024 to help you accurately assess your DSE results and develop the best learning strategies!
Find a Professional TutorThe Cut Off mark is the pass mark that is converted between the actual mark obtained by a candidate in a subject and the DSE mark. For example, a candidate who achieves 87% may be awarded Level 5* in DSE Corporate Finance.
The marks are usually adjusted according to the overall performance of the candidates, the difficulty of the paper, the number of applicants, etc. in the year. For candidates, Cut Off marks are the best assessment criteria to help them estimate the grade they are likely to get in the DSE.
Below are the Cut Off Marks for DSE Corporate Finance from 2012-2024, which are collated from the HKEAA and various educational institutions.
| years | 5** | 5* | 5 | 4 | 3 | 2 |
|---|---|---|---|---|---|---|
| 2024 | 176/199 (88%) | 162/199 (81%) | 146/199 (73%) | 121/199 (61%) | 97/199 (49%) | - |
| 2023 | 179/201 (89%) | 162/201 (81%) | 144/201 (72%) | 98/201 (49%) | 66/201 (33%) | 37/201 (18%) |
| 2022 | 174/209 (83%) | 166/209 (79%) | 145/209 (69%) | 130/209 (62%) | 79/209 (38%) | - |
| 2021 | 177/207 (86%) | 161/207 (78%) | 144/207 (70%) | 111/207 (54%) | 79/207 (38%) | - |
| 2020 | 176/210 (84%) | 163/210 (78%) | 150/210 (71%) | 111/210 (53%) | 92/210 (44%) | - |
| 2019 | 172/197 (87%) | 163/197 (83%) | 147/197 (75%) | 109/197 (55%) | 75/197 (38%) | - |
| 2018 | 181/216 (84%) | 168/216 (78%) | 164/216 (76%) | 109/216 (50%) | 75/216 (35%) | - |
| 2017 | 175/198 (88%) | 160/198 (81%) | 154/198 (78%) | 129/198 (65%) | 107/198 (54%) | - |
| 2016 | 175/202 (87%) | 161/202 (80%) | 158/202 (78%) | 135/202 (67%) | 110/202 (54%) | - |
| 2015 | 175/199 (88%) | 162/199 (81%) | 150/199 (75%) | 123/199 (62%) | 106/199 (53%) | - |
| 2014 | 172/189 (91%) | 164/189 (87%) | 155/189 (82%) | 133/189 (70%) | 104/189 (55%) | - |
| 2013 | 172/198 (87%) | 169/198 (85%) | 161/198 (81%) | 128/198 (65%) | 107/198 (54%) | - |
| 2012 | 175/192 (91%) | - | 151/192 (79%) | 138/192 (72%) | - | - |
From the above table, it can be seen that the Cut Off scores for Enterprise Finance fluctuate from year to year, but the overall trend is relatively stable, with the score line for Level 5** usually ranging from 83%-91%, Level 5* from 78%-87%, and Level 5 from 69%-82%.
Understanding this data can help you better assess your performance in practice exams and exercises so that you can develop a more focused study plan.
Below are some learning resources and exam tips to help improve your BAFS results.
The Enterprise Finance examination requires good time management and question answering strategies, and the suggested time allocation for Paper 1 and Paper 2 is as follows:
Paper 1 (1 hour 15 minutes).
Section A (Multiple Choice): 30 minutes
Section B: 30 minutes
Section C: 15 minutes
Paper 2 (2 hours 15 minutes).
Section A: 35 minutes
Section B: 65 minutes
Section C: 35 minutes
There are many important concepts to master in Corporate Finance, including:
- Financial ratio analysis
- Costing and breakeven point analysis
- Comparison of Business Ownership Structures
- Marketing Strategy
- Analysis of Financial Statements
- Business ethics and social responsibility
Effective BAFS preparation strategies include:
1. work through past papers to familiarise yourself with the question types and answer requirements
2. create concept maps to connect relevant business and accounting concepts
3. practise financial calculations to ensure that they are accurate
4. Keeping abreast of business news and linking theories to real-life examples
5. take a mock examination to assess your readiness
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