Forum Replies Created
- Posts
Ignore me, had a search through the forum and answered my question.
I have deduced that a Section B question will be on the differences between UKGAAP and IFRS.
Does this mean that the other Section B question will be on IFRS?
I think i’m well wrong then as i took the 0.6mil and multiplied it by 104 to give me 62.4mil debt @ 4.1% and 130something equity at 12.1% (4+0.9*9)
So hard to tell how that went but i suspect not well.
Q1) Definitely wrong, bond value i somehow got was $108approx and left the ytm
Q2)I got a positive NPV of approx 14m with land and buildings being worth something like 230m and this as an inflow in year 4. Hoping that even if im way out, my justifications and explanations make sense and i get some marks.
Q3) Went for sell futures and buy put options. Said that forwards gave the best return and then talked about it.
Completely in the lap of the gods
Hi John,
So with the FRA of 5.02%, because they can invest at 30basis points lower would i be able to write that the effective interest rate earnt is 4.72% without having to show the calcs?
Thanks Ken, pelvic inflamatory disease would certainly shake things up if it was referenced in the exam!
So is it safe to say in general that you wont be marked down if you don’t use a model for structure yet somehow cover enough applicable points?
Sorry John ignore me, i think it’s because it’s the incremental figure that needs to be used?
Hi John,
This may be a silly question so apologies but why when calculating the PV of the combined company is the revenue difference between Year 4 and Year 1 used rather than the Year 4 figure itself (i.e $12,683 rather than $61,526)?
Thanks in advance.
Hi,
I am sitting AFM and SBL in September, having passed APM in March. Hopefully SBR will be my last exam in December.
I have used Open Tuition for every exam since F1. I have passed every exam first time – admittedly scoring in the 50s for all the Applied Skills apart from FR where i got in the 60s. The only exam I went to college for was Tax where I did full weekend tuition and I actually found College less efficient than Open Tuition.
You should know if you don’t already that John was a lecturer at Kaplan for 20+years so you are getting with John the same as you would if you went to college except you can stop and start lectures when you please rather than sit in a classroom for hours and have to suffer whether your tired or for example there’s someone who keeps interrupting the tutor which can hamper your flow of learning.
As everybody says and which I admittedly will be doing for the first time in this exam, question practice is the key to passing these exams. If you have an exam kit and practice each question repeatedly then things will click into place.
You must realise that John is telling you exactly what you need to know – just because there doesn’t seem a lot of content in comparison, doesn’t mean there is any information missing.
Think of John as going through those huge study text books, picking out the essential parts and getting rid of the rubbish.You have to view this as learning to pass an exam, you don’t have to memorize all the content for your job and the real world, we’ll pick that up as we go. Think of this like your driving test, you only really learn once you’re in the car on your own.
I got EVA as ($40,000) which i don’t think is correct. Struggled with the VBM question too.
Annoying as this was easier than i anticipated.
This my first exam back in the UK after sitting F5-F8 in Australia.
I much prefer the paper based to CBE and didn’t practice enought in Excel for the NPV of an Investment question.
It was a bit of a shock to have a blank box to type the answer compared to a choice of 4 answers – at least you know if you’re on the right lines when you have a choice of 4.
Having said that I have completely screwed this exam up anyway and didn’t do anywhere near enough mock exam practice.
Nailing two double espresso’s before the exam didn’t help either!
I shall definitely be resitting in December!
