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last polish of my revision for this paper. just to add to what i understood of FRA, would you please explain when the company is settling the FRA or the bank during changes in interest rates. i would really appreciate if you would explain both instances that will possibly appear in exams.
The company tells the bank the amount is that the need an FRA for, and also the start and end months of the loan or deposit.
The bank then states the interest rate they are prepared to fix.
Thanks John for your continuous support. My paper had a very juicy section C. Investment appraisal and working capital management. It was really good paper and I hope to pass it with great score. Thanks for your support.
One more question, I’m planning to start ethics within December as i wait for January to continue with remaining papers but not sure about where i could the notes for ethics module. In the portal there is option that read “launch EPSM”. Should I launch the module or I have to get the notes,prepare for it and then launch the module. Not sure on how to go about this.I am please that you found the paper to be good 🙂
As far as the ethics module is concerned, as far as I know it is a learning module and so it is not something to prepare for. However I am not an expert on it so best to ask in the General ACCA forum (because Kim, who looks after this forum, is an expert on it 🙂 )
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