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Phew that was full on. So many choice questions in A where I just had to hedge my bets. Section B I had a right panic on. Section C the NPV I think I did well but not sure if tax was starting in period 1 or 2? I think the first year loss got a tax rebate as indicated to do that in the question.
My second C question was accounts receivable offer discount or factor. I had net costs for both with the discount cost huge so feel I might have been off on it by quite some way.
Barely any WACC or Capm etc, so odd to learn so so much stuff that doesn’t crop up then 8 marks on difference between real and money rate – I can’t think of how you can say enough to get to that level of marks – bananas!
Enjoying reading comments everyone
Passed with my highest mark yet -81%
This was a scary one- I was really demotivated so didn’t start study til August. I took a week off work to cram syllabus – the size of the books came as a huge shock when I finally opened the boxes and I thought ‘ohhhh dear!!!!’. A week the exam before I hadn’t managed to pass a mock. but suddenly things fell into place once I’d lined up and memorised the differences between individuals and companies for all the taxes (it was the differences that were scuppering me all the time).
I was also pretty lucky with what came up – I deliberately dropped learning any penalties or timelines, I just got in a muddle, was under time pressure and concentrated on the pro formas instead.
Apologies I know higher scores are annoying to see when you get lower (I’ve felt the same for two years) – I’m just delighted one finally fell into my lap.
75% first time. Genuinely amazed – I’m usually really good at knowing how it’s gone and I would not have bet any money on whether I’d passed or not this time.
It’s an enormous relief not to have to retake, and there’d be consequences at work for me too in terms of progression so doubly relieved.
Congrats to everyone who passed