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Yes the paper was horrific! I was sure I’d failed when I left, luckily I did not.
By the grace of god passed first time, 61%. What a difficult paper, I sat the UK version.
Really unfair exam, not comparable to the past papers at all! The last Q Ebitda sucked and the whole paper was nasty! Booo to the team who wrote the paper!
And the exam results are out Easter Monday…bad timing!Passed! Thank god! After that 3 hour delay and 3 young kids to juggle I’m absolutely relieved! Last one in the level!! Yeahy ! Good luck all!!
I was at the same session at Jury’s inn! Agree very unorganised and what a long day!!
I think it’s best to forget about it, sit back, have a nice Mojito and feel like you’ve passed until results day! Cheers!!!
Oh I didn’t have the internal control 5 components, I would have loved that one ?
I had the application and general controls one!We had technical problems in Watford 1:30pm sitting started around 4pm! I have 3 children under 7 (youngest is 1) so was very tiring and annoying to rearrange childcare!
Reading Dec-19 forum comments a lot of students thought they would pass but failed with results in 20’s. I assumed you get a mark per point made but reading the comments they said you get 1/2 per point made! Now feeling not very confident
Charlene, I made the mistake of concentrating on WACC and NPV quite heavily in first attempt (46%). Took a broader approach covering shares (EPS, Yield,etc), lease v buy, foreign currency risk etc in second attempt (61%). Also LOTS of Q practice on all those areas and make sure you know all WACC calcs inside out. Good luck
I know where I made a mistake and why I got pos NPV but I don’t think it makes much diff on marks…as I followed everything through.
DIPATIL – you are supposed to use cash flows not profit (profit fig exc dep’n) so you have to add back to get to cash flow
I had the NPV Question but I think I’m the only person with positive NPV so prob got it wrong. I added back dep’n and also the $50m scrap value. I also inflated selling prices.
There was a Q about probability analysis and risk etc tooThe people who got over 60% which Section B and C questions did you have? And was it am or pm paper?
The paper was a disgrace!! I had no WACC, investment appraisal, over trading Q, No big NPV question!! How can none of those come up as a big Q! The people who got investment appraisal got an advantage!
I done exactly the same for the zero tax! I’m glad I’m not the only one!! I thought I was being silly
Yes!! How terrible about not being able to see the graph all on one page!! Like it’s not time pressured enough
Was there a rolling budgets question in 2pm sitting? I think I’ve missed out a whole section. Sec C I just remember hotel alka, hospital Gov funded, Sec b was another hospital (ABC stuff), Variances (Sales Mix etc), what else was in Section B??
Thanks