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can say I’m pleased passed p3 with 55 and failed p2 with 45. had only 5 days to study and also self studied. but still happy could have been happier!
@KITCAT THANKS! I THANK GOD THAT I PASSED ! DONT KNOW F I WOULD HAVE BEEN ABLE TO GO THRU THE STRESS OF WRITING AGAIN!
I ACTUALLY PASSED BUT DONT REALLY UNDERSTAND THE GRADE! MINE WAS 2ND CLASS LOWER
HELLO STUDENTS I PASSED WITH 2ND CLASS LOWER WHAT DOES THAT MEAN AND HOW MANY CLASSES ARE ABOVE 2ND CLASS LOWER
Q1 i did most of the calculation put it through retain earnings but did not put the figures while adding up in the sof p
how many mark will i loose!
i think i messed upon the percentage of the nci proportion when i was calculating the good will. apart from this two issues i did all question but did not no what to say in part b but i did the calculation
Q2 was ok probably loose up 10 marks there for not showing the way the lease should be calculated and also the part c did not explain well
Q3i was bin clutter but made a mistake as i wrote most of the answers for ii in part 3i and was running out of time so could not cancel it ! left it and try to split them so will loose more marks. did not get time to do the part b and c another 10 marks already! story of my daaaaaay! thot the exam was quit good but ould have done better! hope to pass still anywaysmy fellow acca P3 student! p3 has done what p3 does again!
gosh! it was so time pressured!q1 a did the fianancial position with roce, liquidity and the rest.
1b struggle with wat to wite cos it was not clear if we should analyse the managers alternative theory or suggest new one. 15 mins to end of exam decided to write on ansorff, differentiation, ashgrid. but could do it as i would have if question was clear.
1c talk about the advantages of missions,values and objectives. was not perfect also.Q2a talked about what you should consider when purchasing software such as cost, support, scalability etc.
Q2b simply talked about use of project gateways….
q3 did not do
q4did not do well but talked a little about value chain
q4b talked about 6Is but could not fully read scenario as was out of timethis is not absolute in fact. don’t no if am right!but pray to pass. thought paper was quit OK but scenario were too long and time pressured!
well what can i say i passed eventually 52% glory be to God! God you are awesome! thanks also to ot you guys have been awesome considering i studied from home! p papers here i come!
well what can i say i passed eventually 61% glory be to God! God you are awesome! thanks also to ot you guys have been awesome considering i studied from home! p papers here i come!
well for me q1 was the best npv question ever! went blank at first but just decided to do it as the requirement stated it. hoping for at least 20 marks
q2 was alright only messed up my cal on factor a bit. in recourse got higher cost than benefit, while in non recourse got more benefit than cost. though calculation may be slightly wrong but hoping for atleast 17 marks
q3 did almost everything right but i notice that wen cal wacc there was a bank loan and a bond. used irr for bond make pre tax to post tax for bank loan etc.
dvm , talked about limitation and assumption briefly!other method was capm and risk adjusted wacc. hoping for 17marksq4 was ok but not perfect by a mile did not finish but raised only7 points for q4 d and did very little part of the analysis but overall hoping for 13 or 14 marks
i think it was a really fair paper
does anyone think that most q3 answers did not need workings especially on asset
i failed @47%! very disappointed! am considering an admin review! anybody no wat success rate! so gutted!
don’t no if its correct but what i did for Ke is that
since we were giving the the dividend up to 2010 i think. so and i no that Po is also cum so i added the ex div to the current div of 2010 to make it cum div then i rearrange the formula by replacing do(1+g)/re-g with do(1+g)/po +g. so also we were also expected to calculate growth! it was all i could think off as there was no time to be mopping around. and according to most post i think we still got same wacc some were marginally higher or lower . i suspect this is due to rounding up!it was a fair paper but was really time pressured!
q1 used money rate and inflated all from 1st year
time horizon of 4 yrs. left it undone
risk incorporation , i talked about the the meaning, procedures, adv and disadv.of sensitivity, expected values,and adjusted paybackq2 b4 bond issue i got wacc 12% after issue i got 11%
factors influencing mkt value of traded debt. i talked about the expectation theory, liquidity and segmentation theory. i also talked about the level of risk involved, size and type of bond etcq3 13 marks did not get time to do it
but did sale and lease back and equity finance raising.talkabout wat they are and effect and disadv and adv
explained nature of script dividend and its effect and adv and disadvq4 did the forex change calculation and think money market was cheaper than foward rate
for int rate and exchange rate i talked about purchasing power parity theory and interest rate power parity theory
for the inventory did eoq normal without discount at 120000units p/y and then did 30000unit with discount .. 120000 was cheaper.. didn’t do the receivable part
i only hope i have done enough to pass! cos timing was challenging. and i also hope there will be mark for steps even wen i make mistake, i hope i get subsequent marks
