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yes you are corrected. there was too much emphasis on the cahsflow. Also, i think once the combine asset beta was calculated, then i regeared it to combine equity beta and than plunged it to the camp to get the combine cost of equity since which was than used to ge the Combine WACC. i think everyone lost fair amount of time on that.
How did you come to the calculation of combine WACC? the aquiree company has equity beta but no loan, which means that should be considered as their asset beta?
Also, when calculation the WACC, did you consider taking the equity value of both the company and multiply with the cost of equity calcuating it through capm?
yes absolutey…you just have to book AA and than additional paper….you can book AA for later date…like if you are appearing in december for SBR..book AA for march or june. and attempt the advance papers
Please dont lose hope..this is a very dry paper. if you have other F papers remaining..do that one first and come to this on at later stage….i have completed my professional and left this one to the last…its a tricky paper
Guys i have passed this exam on third attempt…I have already cleared advance audit on my first attempt. plus i have big four audit experience but still struggle with this exam…i know i didnt prepare for this paper like i would for other paper because its the same things i do on daily basis…but this paper require specific technique. like do not mix audit risk with business risk, plus substantive procedure require specific wordings. make sure you practice on them like its shown in the kit or past exam papers….
i had the same variant of paper..i am just a bit confuse now..what was Q 1, part b (ii) mentioned? i mentioned about the ROCE and than why EVA is a better alternative considering the company goals? i thought that question was about EVA?
werent we supposed to use the new board strategies to achieve the strategic goal etc? and how the new board of partner could excel in their respectivce partner and achieve the respective goal? but it was quite a generic paper
That was related to the proposed new strategies where the firm was lacking…even I answered mentioned other bit like bringing technology etc into the audit. I realized in the last 5 min that exhibit 7 should have been used for that. but it was too late
i have passed it with 68%. Honestly, i had already started preparation for a reset. i wasn’t really expecting this result. Maybe because this was my first ACCA exam due to the exemption i received through my master degree for all the fundamental papers, and i had no idea how the marking criteria works. anyways, really happy with the result and i would advise everyone not to stress too much about the numerical, just read the standards and go through the KIT.
