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For Q2b I didint really write anyhing, was supposed to come back to it but run out of time. Q4 was quite weird, I just wrote about how communication, suggesting new ideas etc is important for the company- all in ‘lifting spitits’ tone… I used BCG and SAF in 1a, in Q3 i used Porter’s Diamond. In value chain and Q4 I didnt really use any theory and the same in 2b- benefits. And I feel that was not good I could not apply any theory to more than half of the exam…
@tural199227 said:
Guys, the question regarding hedging, I believe didnt mentioned about collars, it said options on interest rate futures. where did you notice “collars”?I think it said option collars…
You are not the only one who did options instead of collars.Very, very hard exam. Maybe possible to finish but with an hour extra or two… Didnt finish Q3, skipped some parts to come back later but no time at all… Q1: i got KE around 8.11- used equity beta for it, aset beta 0.84 as far as i remeber, cost of debt very low -5%.. using IRR. Wacc over 7%. Rf rate 3%. Bond was around 105. Q2 fra 4-8, I did options instead of collars ? (but now i remember they asked for OPTIOn collars!!! Q3 hardly started. Disaster!
I’m glad I’m not the only one who thinks the part B was a disaster. The two exchange rates Q -there was something similar in communism systems- government rate and ‘black market currency rate’- maybe that’s what they meant 😉
The vehicles for lease- I thought about IAS2 but never mentioned it… The business models question-very weird and highly marked. Also part c in question 1 was hard and for 9 marks -something about accounting policies…
Level 2 for the investing property. Didnt have time to come back to question about revenue. The gearing in Q3 was 30% before and 33% after…Forgot about depreciation though…
Overall- very disappointed!
Do you think they want people fail and let them sit the new P2 in September… And fail again then?
This was my second attempt for P2, this time I have put in a lot hours into studying but I feel so disappointed and discouraged now. The exams don’t really test your knowledge or ability to logical thinking anymore. They are just tricky, testing small details and putting people off… Maybe that is the aim…These exams are so under time pressure. It took me too long to finish Q1 and then started panicing a bit. That’s why in the second part of the exam I gave too short and too vague answers, did not finish Q4 but calculated the cash share based payment as 1/3*(250-115) *46 (share price in 2019) …. I think…
I didn’t know how to calculate the FX gain or lose in Q1. I translated Tybull’s SOPL using average rate and then the impairment and depreciation and pup also using AVG rate- I’m sure it’s not correct. How should it be done?
@simspetya said:
Pls which was the right and for the question “which financial assets are recognized- contract favorable, unfavorable or cash…”
And
The question about “financial instruments are presented depending on their legal form or consistency…”I picked the contract unfavorable.
And the other one I picked was the one about substance…Especially the mcqs. Maybe would work out some answers better but the time pressure was too big…
I chose something over 8080m. Not sure though… The skirts were increasing inventory by 1m and shirts by 2.4x20k (lower of selling price or 12+4 for fixing…) But none of the answers was around so probably my wrong thinking…
2 last questions not so hard but the MCQ…. I found them very tricky and a lot to calculate. Anybody remember the question about shirts and skirts? My answer was not there 😉 so has to guess at the end..
Passed with only 58%… I wonder if I could check what was wrong? Similarly like Duke- I answered all the questions and was hoping for much more….
Yes, there was a lot of C’s at the last part of the MCQs.
The hardest for me was question about Key Matters for 5points. Not sure what was supposed to write there?
And what were the substantive procedures for the bank overdraft and saving account for 5points? Couldnt think of 5…Q1 -4 batches -14400 profit
Q2- ROI in 2017 36% but not sure if didnt mess up with the depreciation
Q3- i Included all the cost except for 20k od the lawyer and 800k lost contribution, i thought it was more about the total life time cost of the PRODUCT rather than decision making.
Took into account 2 years x200k the patent cost- maybe incorrect not sure-never even thought about it… The total profit was 1650000 i think so very low considering 34milion revenue- IF taking into account lost contribution it would be even less – 850000. Not really sure od this question…
Q4- balance scorecard
Q5- total labour rate variance was adverse- budgeted rate was 14, revised 14.38, actual 14.28. Total efficiency variance was favourable. (Budgeted time was 3hours, 3.25 revised, actual 2.94). The planning rate variance was adverse-, operational was favourable, the planning efficiency was adverse and operational was very favourable! Unfortunately didnt have enough time to describe them. Not sure why the overtime rate was given- didnt use it so not sure if answered correctly.What was the price od perfect informacjom in mcq?