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60% – second try.
Good that the question were more structured than the september exam.
Congrats to all that passed.
Don’t stop pushing for those who failed.Q1 a.
1st subsidiary – Dog, however of strategic importance as it supplies intragroup.
2nd subsidiary – Star – grow, finance, wait until market matures and the “milk the cow”!
3rd – Cash Cow – hold, harvest. Inflows to be used to finance stargulshahbaz, not everything. I was out of project management. I guess I got maybe 10 out of 32points for part b from Q1.
Q1:
a. Portfolio Analysis – Boston Consulting Group Matrix – 18 marks
b. Memo on Project management / Financial Appraisal – 32 marksQ2:
a. Regression analysis – 15 marks
b. Big Data – 10 marksQ3:
a. Marketing Mix using emarketing – 15 marks
b. e-procurement – 10 marksQ4:
a. Cultural web – 15 marks
b. Continuing Development / The learning organisation – 5 marks eachI like the new format. Now they don’t mash 3 topics into one question.
It was really straightforward. You just had to study.58% passed. the sit was peculiar. thought it would be around 50%.
Thanks opentuition. Congrats for everybody who passed.in opentuition notes CLARISSA stands for “Role and function of the audit committee”
dpsarros, i really don’t remember…
My answer of role: CLARISSA. And I think it will get some points.@dpsarros said:
Yes maybe it s a tricky question..and the correct answer is low/low…why is the question referred to 2 stakeholders of the same category..?I don t know..haha)) had the same logic
Besides that, I wrote that Library users could as well benefit from the park (leisure, recreation purposes), therefore their interest is somehow split. I don’t think they want that library so bad that they would go against the development of the city and the minimum 500 jobs the society will gain. ah, and the unemployment group might as well cease to exist 🙂@david1988 said:
3 stakeholders were libary users, housing association and science company providing landscapingI put them as follows:
Libarary users – High interest, low power (keep informed)
Housing association – High interest, High power (Key player so need to meet and discuss issues ASAP)
Science company – High interest, low power (keep informed)Do you want to say the Housing association has more power than the Science Company that has as a shareholder the local government?
I would say the power is low, as they have no legal power, but merely a moral one (to not be kicked out of their rented flats).
The Science Company has and the power and the interest. So High / High, I suppose.Regarding Library users, I think you are right. I wrote Low / Low, however, they are interested, though I considered their Interest as insignificant … my bad.
Ways of increasing the influence:
1. Sue the Local Government. Even if they do not win the case, it will delay the demolition.
2. Refuse to leave the premises.
3. Increase to public sensibility, via press, TV, media.Not sure if this is what the examiner actually wants to hear from us.
Regarding the Mendelow, what did you write? how did you categories the stakeholders?
Mine was:
– Government / Shareholder – High Power / High Interest
– Public Library Potential Users – Low Power / Low Interest
– Tenants of the social housing – Low Power / High Interest.Can anyone confirm / infirm it?
@david1988Second part was looking at his role as a NED and effectiveness.
I think the chief of audit committee was a NED…
vipulv, the statement I guess was 20 or 22 marks, including the 4.
The statement was all blah blah. I guess only few marks on description of transparency and fairness, the rest was pure water, same ideas from point a, b, c.
Such a disappointment.Agree with everybody else, there were very few subjects and models.
PS, I used CLARISSA for roles of audit committee.
Besides that, I wrote that the head was quite incompetent, didn’t have financial expertise, didn’t consider the head of internal auditor’s threats to independence and didn’t review him, just accepting the report.Regarding Head of Internal Auditor, the threats I wrote were:
– Familiarity (10+ years, friendly with everybody, friend at the ware house)
– Self-Interest (in order to preserve the friendships he has, even maybe some financial interest in form of bribe from the warehouse-keeper)
– Self-review (could be present considering 10 years of activity, which could mean that he participated in the design and implementation of some of the internal controls)
– Intimidation (he could have been intimidated, threatened by his old boss at his ex-department, as well as being blackmailed by the warehouse friend in further actions if he had “closed an eye” on the issues present).
– advocacy – mentioned about it, but couldn’t identify any.it wasn’t complicated, but in my opinion the volume was too much.
Didn’t have time to complete everything.
I got Q 2 and Q 3.The CDP was a pain in the a**, as haven’t much focused on that during the study.
Hopefully 50 marks…
Will see..Now the waiting is more intense than the times we waited 3 months to get the results!
I am glad about the introduction of Spring and Fall exam sessions. Now we can focus more on ACCA than the time when there were sessions every half a year. In the meantime you could relax..now, not.I attended F9. Hope I will get a pass.
Good luck everybody!Agree with you.
Leading presumes you have the funds now. However, you can still deposit them at a bank account and get the interest rate, or you should borrow them.
I didn’t even consider leading.I messed it up a little…
A just skipped the first question and forgot about it. when revising the questions I realized I skipped it! In the last 10 minutes tried to write anything…however…i think 10 mark are lost.
The question was not so hard, though…
The hardest for me was the 5th..On the multiple I got:
1. B
2. A
3. A
4. A
5. B
6. D
7. D
8. C
9. C
10. D
11. A
12. A
13. B
14. C
15. A
16. A
17. B
18. B
19. A
20. Atoo many “a”s….))
Q 1 – as said above – said only about the semi strong market. skipped the IRR for redeemable debt…calculated the ratio without it..
Q 2 – I got that forward was cheaper… You borrow dollars to buy pesos to put in bank and at the maturity you just pay the supplier.. b) it was about futures (almost confused it with forward) – it is cheaper, can be sold on the market, are not obligatory, though not so flexible….
Q 3 – The discount policy is to be chosen – it brings benefit to the entity. I included the 10% profit margin for the sales volume difference (i guess was 20% increase in credit sales). If you exclude it – it is negative. It wrote that it shall be included, as the competition is fierce and the above profit is opportunity cost if not used…
b) About foreign clients – Wasn’t they asking about credit risk and not fx risk? I wrote that the best was to diminish risk is to ask for advance payments / to have a bank as an intermediary and to get a good credit risk department if the main business is export based.. (if it was about fx, then I’m screwed)Q 4 – The sales price / cost shall be inflated starting with the first year. Fixed cost not inflated. Included the wacc movement only (no initial balance). Tax calculated on depreciation. Got a positive NPV. I wrote that they must consider maybe a better machine, as the last two years it was working on full capacity (400,000), so maintenance costs could get up as well as maybe some oportunity costs could arrise… anyway, not important.
b) the term just got out of my head ….said “hard and soft limitation of financing” instead of “capital rationing”…hopefully the characteristics are correct and will get some marks..Q 5 – first started with part b, as wacc is my achilles heel…
part a – “i have no idea what I’m doing”. After I realised I skipped question 1, got panicked don’t remember what i wrote….Hopefully will get good MCQ and 2 / 3 / 4 right and get the pass rate….
Any other MCQs?
my MCQ choices are below. Started to check in the Study Text, couple of them are incorrect, so I quit… I’ll wait for the results in October 🙂 no stress..
The MCQ were pretty tricky… didn’t like them.
The questions were alright. The 15 points questions were straightforward.
The inheritance tax question was lame as well…MCQ:
1. B
2. A
3. D
4. C
5. B
6. B
7. D
8. A
9. C
10. A
11.C
12. D
13. D
14. B
15. BHope at least 7 are correct 🙂