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- December 6, 2019 at 8:47 pm #555369
Ireland is the first to do CBE for professional exams that is what the guys told me today so it bit like unfair that couldn’t be right you’d think
It only 7 marks for the gamma delta
Ya that is what I did but 1.65 is technically wrong as per tables it is 1.645 I think I’ll let them know lols
The sales percentage was that sales then discount then divide by npv
December 6, 2019 at 8:16 pm #555365VAR .035 * 2 by 1.645
Or am I missing somethingAgree @rommark 7 what a horrible question for 7 marks like seriously
Then the 2 marks for cash flow wow
December 6, 2019 at 7:04 pm #555353I wouldn’t imagine too many as part b and c covered the options and rejected it when it could be positive but that what b and c about
December 6, 2019 at 6:16 pm #555348Exam was not in anyway difficult however what is the story with the amount of reading I had to do question 3 without reading it basically. I could do almost everything on the paper but still hadn’t time to complete. If I fail it most certainly is not lack of knowledge and I think that is unfair are we accountants not typist basically
In summary
1) went with money hedge, and fra.
2) netting straight forward
Theory ok, profit Centre just blah blah2) Npv with sensitivity
Positive npv 1.43
10% investment
4.3% sales ( or other thing he called it) discounted sales revenue
Reject npv
Weakness as should factor in real options as they add value to npv
Could reject npv that is profitable
Part c basically repeat of b3) cash 8m
Sofp wouldn’t balance so just messed with it and stupidly reserves as a balancing figure no sense
Debt covenant not met year 1 41% 2 36% however I guessed profits would increase 21 and 22 so no marks for that but did do the debt as annuity so finance 3.18 or 2.97
As no time to think about this
God help the examiner reading the answer to the last part couldn’t even read it myselfSeptember 6, 2019 at 3:51 pm #545303This paper was not difficult apart from not enough time to read the story to apply answers very disappointed. Q1 I thought there has to be something bigger here seemed too simply.
What project to anyone go for
Dividend capacity any numbers
June 7, 2019 at 3:44 pm #519643I got positive of 8,000
June 7, 2019 at 3:18 pm #519635One last question anyone remember their Npv
June 7, 2019 at 3:17 pm #519634Was that assuming a .15 gain
June 7, 2019 at 3:14 pm #519633The options really cost me time as I thought my first answer was wrong using the futures price and started messing etc with contracts etc oh I’m so annoyed
June 7, 2019 at 2:40 pm #519622Anybody remember that effective interest they got for the hedge
June 7, 2019 at 1:30 pm #519595It was ok. I lost my thought for question 2
October 15, 2018 at 12:05 am #478081Tears of joy ?
October 14, 2018 at 10:42 pm #478055Oh the wait.
September 3, 2018 at 5:17 pm #471041Same as that.
Any insight Billy to question 1
September 3, 2018 at 5:14 pm #47103518% discount rate cause concern
Operating expenses fall by 92%
Other income reversal of entries
Finance/interest
New client therefore understanding entity
Fourth division
Share capital not evident 100m expenditure
12 m upliftEthical issues in part d anyone
September 3, 2018 at 4:47 pm #471017Actually so annoyed after that exam. Absolutely ridiculous the amount of information in question 1. Totally unfair paper. Questions were not difficult but time and to actually read the information nearly took 45mins. I’ve got 3 p’s first attempt actually feel like lodging a complaint about this. expectations of students was not achievable. Also inconsistency was it a first engagement ? Information not clear.
December 11, 2015 at 6:35 pm #291146What answers you get for q3
December 11, 2015 at 4:29 pm #291060The pension I think is incorrect
December 11, 2015 at 4:27 pm #291055Pg 344 section 3.4.4 bpp manual states the liability must be included
December 11, 2015 at 4:26 pm #291054I would like to refer you to pg 366 section 3.4.4 the contingent liability according to the bpp manual should be included. Therefore 16 is the correct answer.
December 9, 2015 at 8:11 pm #289937Q 3 anyone know what answers they got. also q1 any one get 11 for the Pension liab
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