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@Ramesh you making a decent point, apparently they would have to go easy on marking or too many people will fail. But I, for example, knew how to solve Q1, but because it involved so many calcs I felt behind time and didn’t do well on other questions simply because I had no time to think or read properly. Now I am pretty sure I haven’t passed simply because I haven’t attempted 2 questions with care and was in rush. While I know the syllabus very well and scored well in Q1. So I will most likely fail while some people who performed worse but across all questions and with substantial less knowledge will pass since some marks will be just given to them as a gift for having sh*t examiner. I don’t like that and I don’t like playing these games.
I would never recommend ACCA to anyone because of that.I can say that I knew the syllabus and techniques very, very well and managed to get q1 done well with quite a confidence. But I felt behind time by 30 mins after Q1, rushed with 2 other questions and didn’t attempt around 15-20 points. The most pathetic thing, looking back at Q1, he was giving like 12points for (a) part which is just a discussion around EU and 18 points for calculating market value of debt, MV of equity, ungear then weight average then gear betas, discounting debt, calculating WACC, discounting cash flows, calculating NPV, weight it around probabilities, calculating call option using BSOP and calculating put option. I am not going to pick nice words for that, this is stupid and irrational, ACCA discredit itself with this bs structure of the exam.
Actually after readying more on the topic, I understand that this is APV as opposite to NPV. Still no clue about the 2nd part though 🙂