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Auwfal
Q1 Performance report evaluation , waste of time here, 4 Vs explanation. What did you write here.? Next I forgot
Q2 SLA (don’t read this topic)+ problems and solutions about subcontractor behaviour
Q3 5 force given 2 of them competitors+ suppliers required to suggest 2 measures for each+ risk appetite for VC and management+ measuresSpent a lot for Q1. Nothing calculations at all in the whole exam only narrative questions like bla bla
Q1 exclude Sub add associate + DBP
Q2 Ehtics+ IFRS15 revenue recognition at the moment
Q3 Leasing
Q4 Issue ( dismantling costs, remove Investment property recognized PPE, impairment Intengable asset)+ correction underlying profit ( add back reorganization costs + comments for investor)@xanpech said:
It will be great, if so….
Whole day thinking about numenr of the futures contracts! (((( so stoopid!!
@aniam said:
In Q1 what did you write about behavioural factors of tech industry valuation? And for reasons which will drive the financing decision and impact in gearing (did you mention pecking order and all?)1. Patterns
2. Conservatism
3. Overconfidence
4. Narrow framing
5. Boost market reactionreasons which will drive the financing decision and impact in gearing
1. Cash. No influence on gearing if don’t use borrowing
2. Debt ( gearing increase, but have to think about credit spread and covenants
3. Equity. Dilution, gearing decrease. Potentially low rate for future borrowing
4. Mix. If stucture was optimul, company would like to save itAnd also couple words anour pecking theory, that usually companies choose….bla-bla
@carlynb said:
How was the spot or futures rate determined for question 2?From the direc quote, 1/0.87 (didn’t remeber exactly rate) = 1,4….
@reco said:
Did anyone else get negative gain/ loss for shareholders in the first question?
Sale value for the Tech Part was 5,504 million and Present value of Cash flows to firm was around 18,000 million, then I used the Debt Equity proportions at market value to calculate Value of Equity post acquisition which came out to be less than the whole bid amount already so I got a negative value there and from that were supposed to deduct the pre-acquisition value of the bidding company which would only make the negative number bigger.
Am I wrong somewhere? Couldn’t frame the report based on thisI had a positive amount.
5504+18 mln +synergy+MV of West = total market value was about 61 mln.And after that we minus back WesT MV – 12000m (Equity MA) – 6500m (Debt MV) – Premium 2850 = gaian as remeberaprox 4 mln
@reco said:
I got WACC 8.08% which I rounded down to 8%I had the same.
I used debt:equity ratio like (debt/(debt+equity)I’m crazy… I forgot to convert 18600$ to euro before number contacts calculation in Q2, so i didn’t use additional forward hedge, and took it for option calculation.
How many Mark i’m loosing?What did You do in Q3 with point, that 70% wasn’t approved from regulations, and Gepo propose 3,4 m pay now, or just 1 mln if regulator refused.
Should We calculate anythibg here?
Or just write comment explanation?I spent a lot of time for q1 ((( esspecially for i)
Less time for Q2 and Q3,What’s limitation to use ABM you wrote in Q2?
yea, EVA was negative,
CE = 93,8 – opening+0,5 Marketing costs (long-term) fo 20×4 = 94,3
NOPAT = 0,3 mln + 75% marketinf+ finance cots (1-30%)+ 10 mln non-cash+deperc 1,3 mln ( i took only first) – economic depre 1,9 = aprox 0,5 mln
WACC=10,2%
Eva = aprox – 9 mln
What about Q3, 3 E – what did you write?
@sharmi123 said:
what exactly they are asking in section B question 3, “The principles of disclosures to shareholders”?Yes
@usamamustafaa said:
I thought that q2 was a bit like f8 scenario therefore i connected outstanding fees , bank requiring audited f/s ,audit partner unable to perform work on whole procedures and few other issues with self interest intimidation threat e.t.c.. unfortunately after reading few comments regarding q2 it feels like i answered it in wrong direction and will suffer nearly all marks…what do u guys think?I’ve done the same)
@agnieszkamann said:
So what did you say about the what safeguard could they use on ethical behavior to avoivd the conflict of interest? I had no clue what was examiner asking and started taking about TUCER but I’m sure its wrong. Just didn’t know what he wanted.I’ve written about: retirement from the contract, change audit partner, independet review, audit training.
In q3, I wrote about fundumental principals, specialy transperancy, integrity.
As question was about principals for disclosure and communication@faronaldolegend said:
My fellow Question 2ers what did you write for ethical roles and responsibility of auditors/accountants and their influence.I took it as meaning Integrity, Objectivity, Confidentiality, Competence and Professional Behaviour.
Yea, I also wrote about professinal principals in q2 p. A
Q2 , in c, that safguards you wrote?
Q3 in c, about principals, does it meam fundumental pricipals about corporate governance…I could remember only it.
Dear All,
Who can share with me the study book for P1?
I have only the old one(((
