[QuangNguyen1111]

Use the “after mena” column for most of the Q. Don’t even bother with the pre mena column except for the Fx rate fot q2. It’s a very simple PnL variance exercise. q2 3 5 should be easier

[QuangNguyen1111]

Answer to option A is as following:

Salaries = Head of Accountant Salary (unchanged) + (2 Fully Qualified (FQ) Accountants + 3 Part Qualified (PQ) Accountants + 4 Accounting Technicians )*10%)
Additional cost = Salaries*25%
Amortisation of non-current assets = same as before
Accounting admin costs: materials and variable overheads = same as before

Plug in the number into Excel and it will give you the correct answer.

[QuangNguyen1111]

My section C was the following 2:

I/ was NPV and ROCE investment appraisal, give comment on that, and discussing uncertainty vs risk. This was a reasonable one and I expect good things.

II/ was EOQ, cash operating days, and why hold on to cash

I think I did EOQ okay except I forgot to divide Cost of Holding by 2, that would hurt.

For section B I think my answer included:

6.49% for WACC – I used Market Value, 3.8% for k(debt) after tax, as it’s irredeemable and therefore a perpetuity. I forgot what I got for equity

There was one where the M.V was 106.xx

The theory questions absolutely brutalized me, I didnt study theory at all so I just make random guesses, but I think I did alright on the computational

[QuangNguyen1111]

54% pass, I honestly believed I would have scored higher, but I supposed the multiple choices of section A might have tripped me up.

[QuangNguyen1111]

It was not hard, though I was quite inadequate in the Weighted-Average-Contribution-To-Sales ratio question of Section C, the variance analysis question of section B, and the ZBB question of Section B.

It is quite frustrated to know I didn’t do well in topics I should have.

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