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I had
q1 budgeting method, variance analysis and divisional performance (don’t remember company name).
q2 was JV strategic partner performance problems and JV performance measurement/issues.
Don’t remember much about q3 that’s also where all technical isssues accumulated.
What was yours?
Yes retaking next week but this tech issues are very bad, distracting blocking the annexes…Lot of technical issues retaking next week… which is a bummer because questions were very nice.
Option on the project in q1 was a put option, we needed to calculate p, after calculating c. This did give the positive number, but overall examiner I think is expecting overall expected value of UWA project = put option value + NPV. This gives negative value still as NPV is a mich higher negative number. Well this is if I dis correctly
did you guys receive negative NPV for both options inquestion 1? I got ~(5000) for first and ~(2000) with the option. I didnt use any info about the second project company was considering, so its like 100% i didnt calculate right. That should have been included in the Pa calculation i think. Just question wording was quite confusing, never mentioned that second project, only Uwe and Hingo or whatever, were mentioned.
It was easier than I expected (or so do I think)), id be confident i passed if students in my classroom didnt decide to perform calculator solos
Right! I totally didn’t take into consideration that depreciation was charged to Danute profits, thats what messed me up.
Thanks a lotF5 was last Monday, answers were published on Friday,
there are lot of other papers in a row, I guess they will do it chronologically. so by the end of this week we should see answers.mine was almost 2.5M I don’t remember exact number though, I’m pretty sure that I did right.
@basta said:
my only regret I misread question 5 part A I did only the MV of WACC, which I got right. But completly didnt read he wanted the book value :(. Free marks down the drain. And that may cost me pass or fail.same here, I totally missed book value WACC, I noticed that when I had like 10 mins left and just wrote why book value and market value costs might have been different
@basta said:
his fix cost was 155 every year which is wrong. So I reworked the NPV from the start.yes, me too. that’s where the trick was I guess, about selling prices. There was no mention of selling prices anywhere else other than the calculations junior employee did, so selling prices were 25, 25, 26, 27. Which should have been inflated from the T1.
25X1.042 ; 25X(1.042)2 ; 26X(1.042)3 ; 27X(1.042)4.thats what I did at least..
well, as for fixed costs, it should have been 154.5K in the first year (150X1.03) and inflated at 3% for all consecutive years.
question states that prices haven’t been inflated, so you we should have inflated price, variable cost and fixed cost. I did the same
not yet, but I’m not confident at all, so pretty sure didn’t pass.
questions are out I’m sure you all saw@gazeboz said:
This was a super tough paper, I felt the MCQs at face value were easy but you had to really question them bc there were so many tricks. I failed F9 in June w/ 43 marks and studied my ass off and it was still really hard 🙁I also failed 46marks, was so hoping to do ok in december. and I also studied very very hard, revised each and every question in BPP.
not happy. probably will resit F9 after I’ve passed all other qualification papers@gazeboz said:
I was under the impression financial objectives can be both quantitative and qualitative so they can be measured… thoughts?exactly.
preparing to resit F9, hardest paper for me so far. I’ve heard some people saying it is so easy! not true
@vipulv said:
2 Which of the following statements is/are correct?
1 Securitisation is the conversion of illiquid assets into marketable securities 2 The reverse yield gap refers to equity yields being higher than debt yields 3 Disintermediation arises where borrowers deal directly with lending individuals
A 2 only
B 1 and 3 only C 2 and 3 only D 1, 2 and 3I said D all of them…
3 Which of the following statements are correct?
1 Maximising market share is an example of a financial objective
2 Shareholder wealth maximisation is the primary financial objective for a company listed on a stock exchange 3 Financial objectives should be quantitative so that their achievement can be measured
A 1 and 2 only B 1 and 3 only C 2 and 3 only D 1, 2 and 3I said D again. All of them
Anyone same?
for the second one I also chose D. first one I don’t even recall the question it is so not familiar
If I remember correctly I got B. I believe I was wrong.
very tough exam indeed. F5 was much easier.prices are given at time 0, when budget is prepared. when inflation is running we should inflate from T1, not from T2. so what if it didn’t mention anything about current prices.
After tax rate was 6% and 9% before tax, I used 6%, but didn’t deduct tax allowance from annual payments of debentures, I guess I was wrong about that.