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Passed first time with a 61! ? so pleased.
Congratulations to those who have passed and sorry for those who didn’t, don’t give up!!
I don’t think speed typing is needed in this exam, it’s the most time pressured exam I’ve sat but you need to write concise and sensible points which you aren’t just trying to make fit to question asked.
By rambling you run the risk of talking rubbish.Also plenty of mocks to time, debriefs and the read the mind of the marker. And technical articles!
Carry on sbr knowledge is also needed.Best of luck everyone.
Yes you did because I initially did the same.
It’s 0.5-1% of revenue for materiality isn’t it.
I wouldn’t worry though as surely you’ll only get penalised once for that? Own figure ruleMaybe I was barking up the wrong tree on talent management ?
I put something along the lines off, if optional and if staff are expected to do their daily duties it might be met with resistance. also not opening it to everyone might make them feel undervalued?I put something very short on Tara for the heat map question too. I hadn’t practiced much on heat maps so I didn’t know what to put.
I used the soil exhibit in the question about improving environmental emissions or something.
I felt like this was screaming out?I did feel like I was repeating points over the qs though
I’m sure the tsr two marker was probably the only one I got right. Haha.
My npv one was debatable, I inflated from t1 ?
And not sure on the working capital requirement movement.Pecking order theory a nice q. But my gearing one was bad, I totally messed all of that up.
That cost of capital one in section b was solid?!
And I totally forgot how to calculate conversion premium.
Equity beta I had but could not get that at all.
I thought it was an equity beta proxy so needed de and then regearing? But I couldn’t remember the calc!This exam was solid. I thought I was well prepared but I totally flunked mine.
Section a and b threw me.Totally forgot how to calculate mv of a convertible. And I also had mv of a loan note to calculate. Can anyone explain how to do this, I didn’t have a clue?! Was it just the nominal value?
Also had a fx section b. Looked like data for a money market hedge but questions on foward exchange contract and forward rate agreement. Confused?!
I had section c questions on gearing I messed up as I did debt / debt + equity?
And the npv one which was difficult with the working capital and probabilities. I inflated the working capital by 3% each year, wrong?
I need a miracle!!
I hated f5 took me almost a year! 47 first attempt and only a 53 second.
There wasn’t any high receivables there were no liquidity info think I made that up. I thought usually supermarkets have high payables days so I thought being a supplier to supermarket they might have high receivables and low cash
That’s a good comment
I put historic cost model overstates profit and understates depreciation and something about not being of predictive value but that was all just guess work??
Thank you Iraitis.
I failed f5 with a 47 previously and had a very similar question on ratios and commenting on performance so not a good history.
Similar to what I put although yours sounds much more developed.
I said it was highly geared and debt financed
Said operating profit reduced due to the prof expenses and increased cos.
Further debt not a good idea would decrease roce and eps?
Said they were diff to a supermarket as not cash sales so could be high receivables? Don’t know if this was completely wrong.
Iraitis, please tell me what you had put for you’re comments on cheese business ? I put they were heavily debt financed but I don’t know if I was barking up the wrong tree !
Messed my consolidated sporl completely forgot to include the revaluation despite calculating the revised depreciation.
Section a b was so hard ! No revenue % work completed contract, just discounted service package. Sale loss on disposal sub. Diluted eps.
Contingent liabilities on goodwill of sub.No leases or loan notes, just urgh!! What was this paper?
