[student0001]

Thanks for the reply Sir.

[student0001]

Dear Sir

I don’t think this case is in the latest edition of BPP Revision Kit.

Thanks anyway.

[student0001]

Thank you Sir.

[student0001]

Thanks anyway Sir.

[student0001]

Dear Sir

It is found in the BPP Media 2016 edition of Revision Kit.

Polytot (6/04 amended)
The question mentions Umgaba but the answer mis-spelled it as Umbaga.

[student0001]

Thank you Sir.

[student0001]

Understood. Thank you Sir.

[student0001]

Thanks for the clarification Sir.

[student0001]

Thank you Sir.

[student0001]

Sorry Sir. I don’t understand your reply. I was referring to this article.
https://www.accaglobal.com/hk/en/student/exam-support-resources/professional-exams-study-resources/p4/technical-articles/economic-value-added.html
Is EVA examinable in AFM paper or not?

[student0001]

Dear Sir

Is EVA no longer part of the AFM syllabus? There is a technical paper on EVA in the ACCA/AFM website.

Thanks

[student0001]

Dear Sir

I calculated FCFE/Dividend capacity this way but it is different from the examiner’s solution. Would this method be acceptable?

Profit after tax 74.9
Add depreciation 28
Increase in trade payables 1.1
Reduction in inventory 0.5
Reduction in trade receivables 3.5
Operating cash flow 108.0
Less capex 80
Less loan repayment 10
Free cash flow to equity 18.0

[student0001]

Dear Sir

Is it true that cash flow statement is part of F3 but no longer part of F9 and P4? I don’t see any recent questions on constructing cash flow statements.

Thanks

[student0001]

Thank you Sir.

[student0001]

Dear Sir

If we can calculate IRR for a portion of the project, then is IRR of choice 1 calculated this way?

Project Initial investment 2010 2011 2012 2013 2014 2015
PO805 -120 25 55 75 21
PO801 -620 280 400 120
PO802 (whole) -640 80 120 200 210 420 -30
PO802 (71.875%) -460 58 86 144 151 302 -22
Total -1,200 363 541 339 172 302 -22
IRR 14.5%

thanks

[student0001]

Thanks for your reply Sir.

[student0001]

Dear Sir

Thank you for your response. By the way, I copied those extracted text from the BPP Practice and revision kit for exams from Sep 2015 to Aug 2016. I realized that the later versions no longer have these text.

[student0001]

Dear Sir

The answers to this question reads “Exposure to transaction risk could be eliminated by entering into a forward contract to purchase Swiss francs…

If the subsidiary is purchasing EUR to remit, is this sentence above incorrect?

thanks

[student0001]

Thanks for your reply Sir.

[student0001]

Thank you Sir.

[student0001]

Yes, you are right. Texas Instrument TI30xs that is used in ACCA Computer-based exam is a scientific and not financial calculator.

I don’t know how to get from this:
($R / 1·0220^1) + ($R / 1·0251^2) + ($R / 1·0284^3) + ($R / 1·0325^4) + ($R / 1·0362^5) + ($100 / 1·0362^5) = $100

to…
4·5665R + 83·71 = 100
R = $3·57

Should I use a scientific calculator or just math workings to solve this?

Thank you in advance.

[student0001]

This is the Mar/June 2018 paper and it’s different from the one discussed in this forum. They were referring to the June 2018 paper.
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p4/exampapers/p4-2018-jun-q.pdf

[student0001]

Hi

Does anyone have the official answers to this exam paper?

thanks.

[student0001]

Thank you Prof.

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