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This exam was extremely time pressured and there were many things to do in especially Q1 Tusk part (a) for 19 marks. As soon as you open and start your exam, the first question you see is this big question for large marks allocation. It somehow pressurise and puts you off immediately because you know this requires more time to assimilate the information (but, this is what is expected from strategic professional exams).
I couldn’t do Q2 even though I wanted to do and knew how to do it. I did Q3 and Q4.
I am already preparing for June 2021 sitting. The only thing is why do I have to wait till June 2021 when I know with all my heart that I am ready for exam. My other strategic professional exams are due to expire soon. Before my other strategic professional exams expire, I want to pass my remaining strategic professional exams. I work full-time in one of UK’s largest listed company. My employer is not flexible and won’t allow any holidays for exams. I have two questions with ACCA, as follows:
(1) Why can’t ACCA allow strategic professional exams (or any other Applied skills exams) to be available whenever student is ready or whenever student feels they are ready they can book an exam and get it done? Now that, there is a seven year time limit for strategic professional exams to expire, you might be better off to allow students to attempt exams (strategic professional or applied skills) whenever they are ready. You can still keep your seven year time limit for strategic professional exams. You can keep your exam formats and exam time as they are now.
(2) Why can’t ACCA arrange or permit to take exams over the weekend. Why do students have beg their employer for holidays so that they can attempt an exam at least (Forget holidays for exam preparation nowadays; time has changed with COVID)? If you available exams over the weekend, then I don’t even have to speak to my employer about holidays.
I am sure this is possible as ACCA managed to immediately moved to remote invigilated exams in times of COVID.
Thank you Opentuition
Hi Guys! All 20 MCQs which appeared today are as follows but, please note they are in random order.
1) Transaction risk, translation risk and economic risk (all three were correct for the particular three line scenario MCQ)
2) NPV MCQ (The scenario was about three lines long with inflation given, after taking inflation into account, the correct answer was D)
3) Current MV of loan notes (three to four lines long scenario again, this was MCQ number 18)
4) MCQ on SME that how SMEs can raise finance (I did business angels, factoring of receivables and money markets)
5) There was a MCQ scenario for about four lines on WCM policy. Statement 1 represented profitability; and Statement 2 represented liquidity
6) ROCE & ROE MCQ – This was also a scenario about a company (Neither targets were achieved by a company)
7) I think with very last MCQ I did 1875
8) There was a NFP scenario MCQ , where the girl Hanna was evaluating the performance of NFP (i did D)
9) What is the main objective of FM? (i did D, Maximisation of S/H wealth)
10) Managerial reward scheme MCQ – i did A
11) DGM MCQ – (with growth rate to calculate and also using formula) – (i did 11%)
12) EMH MCQ- Market paradox, Behavioural finance etc etc (i did A)
13) Commercial paper MCQ- this MCQ was three line long where we have to calculate annualised percentage return the company would earn if they invest money) I think this was dodgy
14) Financial intermediaries MCQ – (I did Maturity transformation, Aggregation of funds, etc )
15) Capital Markets MCQ- (this MCQ required to choose from Eurobonds, treasury bills, commercial paper, loan notes, equity shares etc etc)
16) Money market hedge (MMH) MCQ- three to four lines scenario, required to evaluate a dollar receipt (i did A)
17) There was an MCQ on interest rate derivatives, in particular, interest rate options
18) Purpose of Business valuations MCQ – (three or four were correct)
19) Annual cost of discount MCQ – This was three to four lines scenario testing the WCM (receivables area)
20) Fiscal policy MCQ – how Gov. decrease inflation?
NB: These MCQs are not in order as appeared in exam. I don’t know how do I seem to remember all these MCQs. Hopefully, these would provide a little help to my fellow F9 candidates on opentuition 🙂
Thank you.My answers to Section A – MCQs (all 20 of them but not in order as appeared in exam)
1) Residual income (Calculation MCQ) – Option C correct
2) Relevant costing (Discursive MCQ) – Statement (ii) not relevant
3) Target costing -(Discursive MCQ) Option C correct
4) Throughput accounting (Calculation MCQ) – correct was $2400
5) Materials mix (Discursive MCQ) – both statements were wrong
6) Sales Quantity Mix Variance (Calculation MCQ) – $37..(F) correct
7) Sales planning variance (Calculation MCQ) – $12000 (A) correct
8) Calculation MCQ – P1, P3, P2 correct order
9) Lifecycle costing (Discursive MCQ) (i & iii) correct
10) (Discursive MCQ ) -Transaction processing system (TPS) was correct; but the other statement was wrong as it was representing ERPS & not EIS
11) Current ratio/Quick ratio (Discursive MCQ) – Statement (ii) was correct only
12) ROCE (Calculation MCQ)- Asset turnover x Operating profit margin
13) External information (Discursive MCQ) – Option C was correct ending with competition
14) Throughput Accounting (Discursive MCQ) – Statement (i) was correct
15) CVP analysis multi-products (Discursive MCQ) – Statement concerning apportionment of overheads was not correct, all others were correct
16) Shadow price (Calculation & Discursive MCQ) – I did Option B, Statement (i) correct only (I’m not sure if I did it right)
17) Minimax Regret table MCQ – Option C (375)
18) Learning curves (Discursive MCQ) – I panicked here a bit and did all of the above which I am sure is wrong
19) Environmental Accounting (Discursive MCQ) – Option A
20) Return on Investment (ROI) – (Calculation MCQ) – Option B (I could be wrong as it was bit tricky)
My answers could be wrong, thank u opentuition 🙂
