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Thanks Andrew for response. If you wrote in the paper as articulately as you mentioned here ,then don’t worry InshaAllah you will pass and pray that I pass as well. (also my other fellow students as well.InshaAllah)
very time pressured. Q4a/ was diamond model supposed to be used for assessing tolina country conditions or Arland conditions?
Does Anybody remember How many parts Q3 had. I think there were only two parts. if anybody remembers pls share and respective marks aswell.thanks
@Faisal 1990: I think regarding premium, you didn’t have to convert because premium will be in $ already and when you convert the Euro receipt on 28th feb to $ then you will deduct $ premium from that receipt.
That’s how I did it regarding currency option.@yanchen15 you buy put option to hedge Euro receipt because the contract currency was also in Euros. So when you receive Euros on 28th Feb you will sell those euros to money changer/bank to buy $s. As contract Currency is also in euros so you will buy 164 Put Options. so the decision on whether to go for PUT OR BUY IS BASED ON WHAT YOU ARE DOING WITH CONTRACT CURRENCY. iN SUMMERY IF SEELING CONTRACT CURRENCY THEN PUT; AND IF BUYING CONTACT CURRENCY THEN CALL.
@Obiora and Juve: Thanks brothers. You made my day. I used 90% as collateral pool as well. InshaAllah we all will get through. great start of the day. Just woke up after a good long night sleep.
Hi Obiora06. I think very few people attempted Q4. luckily u r the one. do u remember what %age was allocated for securitization as collateral?
thanks
HI all.
Hope all will pass this time InshaAllah. Will anybody pls confirm the %age for collateral allocated for securitization in Q4. I am bit confused whether it was 90% or 75%.Thanking in advance
recently a lot has been written about this in the press; but all accountancy bodies are quiet (mysteriously) about this very important issue. we students have been spending so much time and money not to get redundant within 10 years or even less. I think all accountancy students(no matter which body they belong to) should come together and pressurize their respective accountancy bodies to come out of hibernation and give some policy statement regarding their road map to protect this profession and our livelihoods. they are making tonnes of money from us and doing nothing to protect us.
agree with suganya25. thats what i did. deducted inflated f/cost from contribution.
what about 2nd que. regarding purchasing in bulk.i got net benefit of about $8000+ with receipt of discount. of 1%.
hi.i am not sure but the only logic which comes to my mind is that as $2m interest is deducted from the profit of the salva; and the profit fig for y/e 30/09/2009 is $21m. had it not been deducted from the profit we had a profit of 21+2=23. if you split it between two 6 monthly halves each half will get $11.5m profit share. so now we have to add pre acquisition profit so we will take $11.5m for first half of 6 months and the second half profit will be adjusted to $9.5m.
Hi.
I am using 07/08 book from foulks lynch & i have also got GTG latest edition for 2010; but i have not come across any material change yet. there are only some minor changes in terms but no change in treatment of anything. now i am revising by doing past exam papers and at the moment doing june 2010. the answers given are exactly the same as being treated in 07/08 foulks lynch book. So i think u should be fine using this old edition. best of luck