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I took it a couple times also, was damn pissed off. In the end I switched to p7 and passed first attempt, finally an affiliate now. I regret not switching earlier, wasted so much money and time!! So for those who are still struggling, this is definitely an option.
@hannah153 said:
i thought the question asked on expected operating profit..where should we use the maximax minimax? although i am aware he stated there under risk decision making uncertaintyI don’t think we need to use maximax and minimax?! I guess the management is risk neutral
Yes I was referring to the inflows.
Thank you for your patience in answering my questions Sir! 🙂
Thank you Sir, can I say that because time 0 is end of yr 0(31/12/00), finishes construction end of yr 1(31/12/01), and cashflows arise after 31/12/01?
Thank you Sir, I’ll have a look.
How about the question on Sleepon – Dec 05. The question says it would be constructed and working in one year’s time, so time 0 is used to construct the theme park, shouldn’t the cashflows start in year 1 then?
Thank you for your reply Sir! I have difficulty determine the cash flow periods, is there any rule of thumb?
Hi, P2 and p7 are linked? So if I wanna be accountant, p7 would be more useful than p4?
Hi thanks for your reply, is the book non-relevant, out of syllabus? Do you have a better book to recommend? Thanks.
btw bob ryan is the ex-examiner of P4, do share if your using his book and find it useful. thank you!
i used PEST and porter’s diamond and financial evaluation(internal) for question 1a… it would be so much easier to answer using SWOT, but it didn’t cross my mind…..
my email is coolgen63@yahoo.com.sg