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First attempt….passed with 57%
The paper it’s not so hard. At the end of the day, it’s always the same thing..if you practice a lot, you won’t fail.
Of course there are some tricky questions and it’s very challenge for the time provided, but the main topics (FX and interest hedging, NPV and so on) are examined in every paper and more or less it’s the same scenario all the times.
Hi, I think that the paper was not so hard, but I am not sure if I will pass it.
Q1 > I did skip completely part A and C for a total of 16 Marks. Then part B was a report about Multilateral Netting (6 marks > ok), FX Futures and Capital Market (7 marks > ok), interest rate options and futures if interest raises and falls (8 marks > ok), writing about delta and gamma (7 marks > maybe I got 3 marks) + professional marks (4 marks > 3 marks) and advise (5 marks > 3 marks).
Q2 > A was about NPV, sensitivity analysis (btw i got one of the 2 ratios less than 10%) and VAR (14 marks > I think was ok for me).
B was about something related to NPV and the policy the company was using (5 marks > not done).
C was about NPV and real option (6 marks > 4 marks)Q3 > strangely was the hardest for me and the way they allocated the marks was strange.
The text was long to read with a lot of information and I spent a lot of time on it and getting few points.
A was about net cash (2 marks > OK)
B was about SFP (4 marks) I did a lot of mistakes here..
C was about to check if interest cover and D/E was achieved in the next 2 years and write about it (9 marks). I know that my answer is wrong here but at least I think I got it right about the annual payment of the loan (capital + interest). If I am lucky I could get 3 points.
Part D was to comment if investors will accept the reconstructing (10 marks > not done).I see other comments about Q3 and it’s a “relief” to see that I am not the only one to find it difficult and a bit odd.
Good luck to everyone.
Good morning,
thanks for your quick and helpful answer.
It makes sense to me.Thanks again and thank you for the great job done with your lectures.
Giuseppe
Hi, I am Italian and I have been living in London since 2012. I am currently studying for ACCA qualification even if I have the ACA one.
I can guarantee that here ACCA, CIMA and ACA are the most valuable qualification for find a good job.
Have a look a monster.uk or reed.co.uk
Hope this can help you.
Giuseppe