[aniam]

Bid price was 15% premium on market value of shares. I almost missed it too

[aniam]

I found it hard, mainly casue the weighted asset beta there’s me off so spent way too much time on that.

In Q1 what did you write about behavioural factors of tech industry valuation? And for reasons which will drive the financing decision and impact in gearing (did you mention pecking order and all?)

Also in Q3 what did you get for the alternative investment?

[aniam]

Also for audit risks I did :

– new client
– assets held for sale/disc. operation
– development and research capex
– inventory – possible impairment due to flood
– share based payments
– listed client : possibility of earnings management/ additional disclosures
– FX (this one was a long shot…)
– revenue and operating expenses poss. misstatement
– possible impairment of investment due to drop in revenue
– possible provision for redundancies – it wasn’t clear if they will be announced in that year so just said if announced then provision should be booked

anyone had anything else?

[aniam]

it was 10 marks for business risks, 20 for audit, 14 for procedures and 6 for internal audit I think?

[aniam]

@ealinush said:
It was terrible! It felt very unpractical. The word “Strategic” in the name has nothing to do with the requirements in this new paper. I would make an inquiry among a population of CFOs and see if the answers to this paper have any value to them….

my thoughts exactly! This exam is way too academic now. I don’t need to criticise standards, I need to know how to apply them! It has no value in the real work environment!

[aniam]

In Q4 what was the presentation currency? Either I completely missed it or they never mentioned?

[aniam]

3rd one was rolling budget – prediction for next quarter

[aniam]

I remember I got

1.maturity
2.profit
3.300F

TPAR was 1.4 and then max amount of necklace was 450 – it had most contribution per scarce resource so should produce for max demand. But who knows, MCQs were so tricky, wouldn’t be surprised if I got even the easiest ones wrong!

in 32 – I feel like there must be more to it than just comparing against target and saying how this relates to values? I did that but also mentioned that they should balance it with their financial targets, I mean they overspent on community service and installed more talking cash points etc. – was this necessary? Great they’re trying to be a good corporate citizen but it’s all about balance right?

31 was a disaster for me. So much information, couldn’t figure out what figures to choose

[Author]

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