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This paper was a total disaster for me. I pretty much understoood the requirements of Q1 & Q2 but i spent too much time trying to give the perfect answer so i wasted a lot of time.
Q4 i waffled and ended up going further offcourse. i did someting of the cash flow. i strtd with the net op. flows per question & add back the sales of the cars as they were now inventories. less 1m share of profit of assoc. (4m x 25%) less interest received as well as sme other things.
The question actually defined what was meant by “Free operating cash flow” so that i nvr had much problem understanding but again i spent too much time on trying to give the perfect answer and so after all i ended up not answering quest. 3 completely- which is a CORDINAL SIN
@6shahir said:
Found this paper quite hard…. Mvs oh gosh……….. 🙁 MCQs pls save me and the last two questions….The exam was a good paper. The question with the dividend policy was exactly as the one on the specimen exam. If anybody did that paper they would gain easy marks by jus rewriting what Mr moffat said and/ or write as the moddle answer.
This paper is so annoying to me. This is my second attempt at it and I got 40%. Please high achievers like aloft and the person who got 88 please give me some advice on how to pass. Thank you ot.
