Forum Replies Created
- Posts
I was struggling with the preparation a lot (as I felt), and after the exam was still questioning whether I pass or not..
Got 91 marks pass!! Couldn’t be happier.
Thank you Mr. Moffat for the opportunity to ask questions and get quick replies from your end with clarifications and of course special thank you for the video lectures!
Ah, spot mid rates means the average between the two..Ok, seems sometimes I really don’t understand what examiner means.
But thanks a lot Mr. Moffat!
This Kenduri Co is a popular one))
Mr Moffat,
could you please explain to me – ho we select the necessary spot rate (buy or sell) for multilatteral netting when we need to recalculate all owed to/owed by into the basis group currency?
Two subsidiaries, one owes another in CAD, how do I pick the rate CAD to US$ whether it is buy or sell spot rate?
I can not grasp the logic there.
Thank you!
Ok, now I even reviewed the election one more time.
So, there you say that we effectively fixing the result – whatever spot rate is, the change in the futures price will then cover the difference in spot and we effectively lock the rate. This I understand.
But in the case of the question I can not understand any more.
In my eyes, if we take the lock in rate-result then we need to add the delta between lock-in and new calculated rate (based on the updated basis) OR
We take spot rate and the delta between futures today and futures based on the NEW BASIS..
But they mix the two…
Thank you Mr Moffat,
yes, I have seen your lectures together with reading technical articles.
But still, in real life they would convert the underlying transaction at spot and then calculate gain/loss on futures (using P2 and P1). P1 is given, P2 is calculated using a changed basis …
It is not clear for me why we refer to the old lock-in rate (before we learnt about the change in basis).
Dear both,
sorry for interfering, but as I understood from September 2024 they will remove the standard normal distribution tables from the formula sheet and will give the value in the question.
Am I wrong?
Thank you.
Following up on this question with periods- I am really struggling to understand what the examiner wants…
I have just attempted Okan Co (Sep/Dec 19) and the same issue – why do they mention that the project starts in 6 months?? I have adjusted everysthing to 6 months – NPV and inflation of revenues and costs… but no, the examiner doesn’t ant it..
Could you please help me with the possible options – how do they formulate it when thex EXPECT me to adjust to start not in period 0 and when they DON’T expect me to adjust even if they mention that the project starts not in perios 0 but later?
Thank you Sir!
Thank you Mr Moffat,
having English as not a mother tongue sometimes I find it difficult to distinguish these things they want int he question… I wonder if it is a solution to calculate both then to eran the marks? PV at the end of the first year and next to it discount it to now just in case? Would it earn the full marks?
The same way I am struggling to understand the issue costs – when the are included into the debt raised and when thex want me to gross up…
Thank you Sir,
yes, I believe I mixed the FCFE and FCFF, but now I have drown the two models to memorize, thank you.
My strong accounting background is tricking me here as you always want to correctly calculate the net profit…
Thank you.
Thank you Mr Moffat for the extra effort trying to identify the question.
I actually did an error in the name of the question – it is Washi Co from September 18 (A).
Thank you.
Thank you Mr. Moffat.
Do you have any hint for me how to quickly identify the basic currency in such cases?
I thought it was the second one $ per eur – sounded like euro is basic, but this doesn’t work.
What would be the best approach to quickly figure out?
Thank you Mr. Moffat!
I have just noticed that a rearranged M&M formula should be included into the formula sheet from September onwards.
But the key thing I got that both can be equally used.
Dear Mr. Moffat,
Thank you for the hint on the calculator.
In regards to the real options, yes, I have watched through all your lectures including that one, but may be I do it one more time in the real options then.
Thank you!
I have passed from first attempt with 76 marks.
The paper was quite boring to me, so, required to keep motivation high (which was to move to professional papers finally).
Thank you Open Tuition for all the videos that I looked through as part of the preparation!Thank you, John for the videos and for answering the qustions!
Passed with 70 marks.
Thank you, John!
I have studied the ACCA materials you sent me. But still, when I try to use this formula as described by ACCA on the CBE practice platform, I don’t get the right answer. I don’t know what I am doing wrong (in normal excel I’ve successfully used the formula many times).
Do you know – anyone else complaining about this issue?
