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Pass with 70%. A big thank you to Mr John Moffat!! An amazing teacher!
Alhamdulillah
I’m wondering if your paper was different from mine. I had a beta equity question in section A which said that one of the businesses was financed all by equity. Therefore no debt? I can’t remember it well though.
Don’t quit, where there is a will there is a way. Once you become an ACCA member you will look back and say “it was worth it”. Never stop trying.
A hard exam! Section A had A LOT of questions where the examiner would like you to slip up.
I recall a question regarding conversion premium per share, luckily I had seen the other answers which were much smaller and made me rethink and realise it’s the net amount which is the premium. There was a question on NFP’s and TSR. The TSR question required careful reading as you needed to work out the initial share price. There was a question on equity beta. This was quick to do as the company was financed only through equity.Section B was more difficult for me personally. The first section C question regarding the calculation of the interest cover and gearing ratio if one of the options is taken (Rights issue or Loan notes) – I struggled here and tried to get as many marks as possible along with the discussion afterwards. I made sure not to waffle but to show my knowledge and understanding. The NPV question was nice and the very last question was nice. I think I only made 3 valid points and accidentally mentioned sensitivity analysis which only measures uncertainty I believe.
A tough exam. I just hope I did enough!
Hello everyone! I sat the afternoon paper and was give the dreadful veggie pot question. This truly was a terrible exam. I have been averaging 70 in all my practice papers and still felt this exam went poorly. I recommend that everyone takes the ACCA survey that they have emailed out. Voice the issues you had with the exam otherwise they may do it again in December!
@ilham9089 In order to pass these exams you must have a very deep understanding of the book. I would recommend using the Kaplan text book, the revision kit AND the BPP revision kit. I also recommend the ACCA practice papers as they question some areas which will almost always come up in the test such as the high low method. Some questions in the exam were tougher than usual but manageable. Practice, practice, practice is my advice.
