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@faizanhussainansari said:
i applied 6i s in question 4a, is it appropriate?

I applied few of 6Is in this question too just to write about something, I am not sure if its right though

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I see, thank you 🙂

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NPV question was very similar to question OKM Co from June 2010

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i ignored interest too, which is correct because its already included in cost of capital

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My NPV was $2509

Market value convertibles 110; P/E ratio 7…something

Forward exchange loss 3521

WACC book value 7.89 and WACC market value 10.45

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Ok, thank you very much John, it all makes sense now

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Ok, thank you John

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I also said that cash operating cycle can be both positive and negative.
And I gave an example of service industry (no inventory, little customers and more payables)

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I cant remember my capital rationing but with project E zero my all NPVs were included and I didnt have to proportionate it

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I did inflate sp, vc, fc each separately

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I got npv positive because I used project E investment of 5m, but I dont know if this correct

WACC around 12.4%

Question 4a asked to check if company is meeting its 3 objectives for few years: TSR, ESP growth, PAIT growth

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Thank you John, I dont know how I didnt noticed that. :s

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Oh I see, thank you very much for explaining 🙂

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For audit evidence I said:
inspection, inquiry, confirmation, recalculation and analytical procedures
And for each procedure i gave example om PPE

And then there was a question about threats to auditors independence so i said: Self interest, self review, advocacy, familiarity and intinidation

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It is material

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Great! Thanks

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ok, thanks

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Oh really?
And why we didnt take $17,000 from Didzis?

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52% :)))))

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Im still shocked since the moring that I passed with 54%. Im so happy:))). I was sure it will fail…

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Q8 I also think it was about anticipatory breach, damages and liquidated damages…

Q9 I talked about employee/self employed test comparing 2 workers. I think Eve was employed and she could claim redundancy payment (2 weeks per each worked year)
And the orher guy was self employed and he couldnt claim anything.

Q10 I messed it up, I talked about disquaified director that he should be liable…

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Tenders are regarded as invitations to treat. Thats all I know.

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For me it was disaster. Its the third time im trying to pass F5.
Exam was very time pressure and some parts very confusing.

Q3)I didnt do seasonal variances, all question didnt make sense for me, I didnt know from what to start…
Q1) I thing it was cheaper to outsource…?

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Thank you John, its all clear now 😉
Im going through each chapter now and im trying to do each question and yes im watching the lectures as well:)

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