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Sir,
Are we allowed to use pencils to plot graphs and decision trees in the exam. This is my first time with ACCA and I’m not aware of the general rules that are applicable??
No – everything must be in black ink.
(What you can do if it helps is draw any graphs or decision trees in pencil first but then when you are happy they are correct you must go over them in black ink)
Sir,
I’m sorry if this is a silly question. A bpp book states that we should use a ruler to draw the decision trees in the exam. Is it really necessary because obviously it’s time consuming. Would it matter if I drew the branches without using the ruler, yet neatly?
Provided it is neat then that is OK.
However using a ruler should not really be at all time-consuming (and certainly if you need to draw a linear programming graph you should definitely use a ruler).
Sir,
MCQ 13 of the June 2015 paper states that the quick ratio of a company is as follows:
In 2014: 1.4
In 2015: 1.3Inventory turnover period:
In 2014: 38 days
In 2015: 45 daysCurrent ratio:
In 2014: 1.3
In 2015: 1.1Is the following statement true?
Inventory levels have increased and this may have contributed to the decline in the company’s quick ratio.The answer provided says that it’s false.
Is it not true, sir? When inventory levels increase a larger proportion is removed to form the quick assets which would lead to a reduction in the quick ratio.
So isn’t the statement given true?It is false simply because the quick ratio excludes inventories and therefore it is irrelevant whether inventories have gone up or down.
What determines whether the quick ratio increases or decreases is what happens to receivables, payables and cash – it could go up or down independently of what happens to the inventories..Sir,
In the lecture on quantitative analysis for budgeting you mention that calculations relating to time series and regression analyses are not included in F5. But there’s a revision lecture related to time series analysis (the revision notes don’t include it). Is it part of the F5 paper?
You are expected to have heard of the idea (because it is assumed knowledge from Paper F2) but you will not be asked calculations in Paper F5.
(For future questions, please start a new thread when it is a new topic)
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