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aasthag said 1 hour, 7 minutes ago:
The first question made absolutely no sense to me. I couldn’t understand what was I supposed to do for the percentage increase in both company’s share prices.The same for me. I wrote something just not to leave free space
takamori said 4 hours, 1 minute ago:
Q1:
a. FCFF
b. Percentage changes in share price as a result of acquisition
c. Percentage changes of an extended project (Black Scholes Model)
d. Likely reaction of both companies and discussion on assumptions made in part cQ2
Consist of 3 proposals
Proposal 1
Further borrow 2m and share buy back
Proposal 2
Further borrow 2m and invest in NCA
Proposal 3
Can’t rememberImpact of these proposals on forecast financial statements
Securitisation
Q3
Swap
other factors to consider before repayment of debt using equityQ4
IRR/MIRR
Value at riskIt’s not complete. Can’t remember that much
WOW! What a great memory!
Q2, Propposal 3 was about selling some production assets (cease some activities) and spend the money on expanding of some other activities without spending of fixed assetsThis is finally it with the ACCA for me. I have decided to quit.
Wow! I’m impressed
The text books and preparation material for these exams are far, far too inadequate for what is now thrown at us in these exams.
Agree to some extent. Some materials are better than the other. OT’s materials are the best! Have you used them?
I have no confidence in passing any future ACCA exams as it is now become a bit of a lottery. You might be lucky to win with a question on a subject that you know enough about to answer, but the broad range of accountancy knowledge that we have all gained from our studies is simply not tested. I have more confidence in winning in a casino than passing another ACCA exam. The ACCA examiners seem to test just a small part of the syllabus, sometimes even an obscure element without contentrating on the broader aspects that we are all prepared for. I feel they do not test us for being future accountants. Surely that what the exams should be about?
How can they ensure that the students covered the whole syllabus? Only two options available:
– test small parts of the whole syllabus;
– select specific parts of the syllabus and examine in greater details.
The former is definitely for lower level of expertise. The latter is for an expert who can demonstrate deep knowledge of the whole syllabus.Perhaps the ACCA is getting short of cash so they screw the students by making the exams ridiculously hard for the vast majority of students so we have to retake, and then retake again …which mean more cash for the hard-up ACCA coffers.
Conspiracy theory in action 🙂
Do you expect “pass” only becouse you’ve paid the fees and scanned a couple of chapters?What has really got me about today’s P2 exam was that the examiner is a football fan and asked us a 9 mark question about football players transfer and agents fees and other issues relating to football. I HATE FOOTBALL and I do not even know what the question was taking about. What is a transfer fee? There was simply not enough information there for people like me to understand the question. 9 marks about transfer fees!!! That was 9 potential marks gone. Its a joke.
I consider the question as one of the “diamond”! Even if you hate football, you could make assumptions on what all that fees mean. Then you could apply pure theory knowledge to the situation. This question is a diamond because it puts all of us to equal situation. I do not think that many (if anybody) have ever seen footbal team FS. Therefore you could not just state that the treatment is right or wrong based on the FS you’ve seen in your professional life, whithout applying pure theory to the case.
Q4 . Revenue – I do not remember reading about these conceptual issues of time value and risk in any study material of mine and I simply could not come up with anything like 25 marks of written response. This exam was yet another clear fail for me.
Why to select this option then? 🙂
https://www2.accaglobal.com/pubs/students/publications/student_accountant/archive/SA_July2010_p2_revenue.pdf
– model answer for the questionTo make the ACCA exam more credible in the future I feel they need to offer the student a broader range of say 6 questions to answer over 3 hours out of say 9 options presented, not just like the present 3Qs from a vast syllabus.
Completely disagree. If ACCA will make its exams easier than nobody will recognise the qualification as credible one. I do not want the qualification is granted to “all who paid the fees”.
