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- September 7, 2018 at 10:07 pm #472237
Also on the hedging Q I got £173 or £175 I can’t rmember which one now. I didn’t know which spot to use so I just picked the one which was more expensive becuase payments are more.
The other theory question I struggled with is why zedde would have difficulty raising finance (something that they only wanted to use retained earnings instead of raising debt or equity?)September 7, 2018 at 10:03 pm #472236I guessed many of the new questions especially in section B! The one that is bothering me is the MV of preference shares for some reason I couldn’t get to the answer.
I think my risk adjusted capm came to 19%? I’m pretty sure I had it wrong though… when I ungeared I got .66 then regeared to about 2.5??
I also got 28% on the tax question but it was total guessed I copied our all the cash flows as kept changing it – I couldn’t get exactly to 0 but 28 gave me -95.
Went a bit blank on risk and return but managed to write something. Everything was attempted, but was very shocked also at the length of calculations in sec A, almost every Q involved long calculations. Many guesses – fingers are crossed cannot imagine doing this again, haven’t felt this bad since I sat f5.September 7, 2018 at 6:31 pm #472167MCQ Sec A was horrendous!!! Sec B not much better. Many q’s tested that I have not seen in practice papers!
My first Sec C was all around Sensitivity analysis – to Sales volumes and DF and then calclulate the rate of tax which would bring it to Zero (????) anyone else had this question? I have never seen it tested like this in previous exams.
Second part C was CAPM with specific cost of equity and discussion around risk and return.
VERY HARD EXAM!!
June 9, 2018 at 11:47 am #458076Did anyone have a q in section b about stock split??? What is this seriously.
And another about environmental externalists or something? Some very odd things coming up.I think I messed up with WACC q with pref shares and also value of debt and cost of debt. Was it an IRR approach require? Also confused me becuase they gave a market value of 102 but the mv I calculated was only 97 so I wasn’t sure what to do… ?
Simulation question was awful I wrote a whole page but really had no idea what because I did not read the text book and had no idea what simulation is so have the concept completely wrong.
Also another q in Sec A re: commercial paper issue and how much would each paper cost? Does anybody remember this?
I think I will be seeing this paper again In September.
June 8, 2018 at 6:29 pm #457930I had 6 marks on Islamic finance, Wacc, expected values NPV ( I inflated sales cost and working capital?)
Came to around 9100
Then 8 marks on sensitivity analysis and some more on benefit of lease vs buying with debt finance
My section b was around fx and calculating mv of debentures
Many things in section a and b that I have never heard of!!June 8, 2018 at 6:26 pm #457927Did anybody have 8 marks on simulation? Please can you share your answers?
March 7, 2018 at 8:18 am #440904I just got that sinking feeling when I realise that I didn’t time apportion the disposal of subsidiary ?
I think I will lose a lot of marks on that, gutted
March 6, 2018 at 11:03 pm #440837Also there was one question in section A I believe which was to do with a lease I think it was asking for the charge to p&l for the year, some answers were 1,080, 360, 720 does anyone remember this?
March 6, 2018 at 11:01 pm #440836On the first section c question where adjusting for the p&h does anyone remember 1m worth of sales from parent to subsidiary? Did you have to remove this from revenue and cost of sales to eliminate sale? I think my adjusted profit came to around 2,000.
I found the Swanson question strange, I calculated the gain on disposal at about 3,140 from memory. Then I read the question and it said it was 9,440 I couldn’t work it out. Also I think I should have done a profit attributable to nci / parent but I missed it.
Does anyone remember their adjusted finance cost figure? The consolidated was 960 but Swanson was 1200 so did it leave a positive finance cost or did I go wrong?!This was my 2nd attempt at f7 (last one was in dec both CBe) disposal must be popular as I also had a similar question in December. Was surprised to see a socie but gave it my best shot.
Overall feel like it went ok but it is a very tough paper.September 7, 2017 at 8:49 pm #406600I heard it will get worse as they are trying to bridge the gap with p6 ?
i’m guessing it must have been the same as the paper version.
I know that we had 10 extra questions though that will not be marked as they are for comparative with paper – anybody else heard this? I am keen to know which q’s they are – was thinking must be from section bSeptember 7, 2017 at 8:40 pm #406588I don’t know tbh I had no idea what I was doing on that question so I just did the bits I could, I think I adjusted capital allowances and some other bits. I’m not confident on section C q’s at all!
September 7, 2017 at 8:36 pm #406583I put assets inherit for that one
September 7, 2017 at 8:35 pm #406581Oh yes I do actually we had to adjust it? But was there group relief? Maybe I have completely missed that!!
September 7, 2017 at 8:22 pm #406574Also does anyone know if we had the same section C q’s? I can’t remember anything about group relief…
I was pressed for time too literally typing until the exam finished!
September 7, 2017 at 8:19 pm #406572The IHT one was that the one where it said how much of the death estate before the spouse gift? wasn’t the IHT something like 272, I just calculated that as 40% of 680k then added 400k back to that but I really had no idea I think it was wrong; I was gutted because IHT is one of my stronger topics so I was pleased to have the question but actually i hadn’t come across a lot of the things it was asking.
There was also a lot of holdover / gift relief and shares, as well as NIC calcs, not my strongest points!!!!September 7, 2017 at 5:40 pm #406455Yes a lot of dates and admin elements, also really hard when there are 2 elements to pick because I’m sure they don’t give half marks in section A ?
September 7, 2017 at 5:17 pm #406441I really can’t tell how well I did in this, part of me was ok and the other just guessing ? I remembered a lot of thing I answered wrong as soon as I left! Also with CBE , does anybody know how the 10 ‘extra’ questions are identified?? I’m annoyed if I have those right and then they get taken away from the marks!!
Section C was a nightmare hope I’ve done enough to pass.August 18, 2017 at 8:35 am #402318Thank you for pointing this out – I must have skipped over it in the notes!!
April 18, 2016 at 2:55 am #310803Passed first time with 59%!!! God was on my side! Absolutely shocked as was convinced j had not done enough.
Congrats to all
March 9, 2016 at 9:33 pm #304986Thanks, I definitely got that calculation very wrong, was not familiar with the way it was given in the question, but think I pulled some marks back in the wordy bit.
March 9, 2016 at 9:22 pm #304977What did everyone get for the ABC MCQ? I chose the $ 74 option
March 9, 2016 at 9:20 pm #304975The question on choosing to make / buy E or G ? When it says attributable fixed cost would that mean they are included? Usually fixed cost are not relevant but if they can be attributable to the product would they? I think I answered E only but can’t remember
March 9, 2016 at 9:19 pm #304973I got price of PI as 1500? Can’t remember the calcs now but deffo got 1500
March 9, 2016 at 9:15 pm #304970Reading this makes me feel like I definitely failed! I could not answer question 1 so did lots of calculations of profit less Fc but for me 5 was coming out highest but I never actually answered how many batches I think they should make.Q2 I got profit of 1430 (?) for the 2 years. Q3 I, got 25% for original ROI but didn’t know how to average capital employed so added inflation, I also added depreciation as they said it wasn’t adjusted for, and took a guess of net profit over the investment amount, but my ROI came up as 14% i didn’t even comment if the manager should take it or not as I missed that in the question! Definitely done badly on that, the depreciation and capital employed threw me off course.Balance scorecard was on one of the specimen papers on ACCA so I had briefly looked at it in revision and had a vague idea how to answer at least I could identify the 4 aspects. Question 5 I found easiest and think I answered fairly well. Overall I will be shocked if I pass; I focused a lot of attention on abc and throughput as I was sure they would come up, also linear equations and cvp I struggled with so much as these were my weak points and they never came up, very disappointed overall
February 25, 2016 at 7:40 am #301959Sorry John.
I did watch your lecture last night on the June exam and it helped, I was confused with the answer ACCA have published and still cannot work it out, they ended up with actual units of 16020 and 10680 none of which correspond to the actual units printed and I could not figure out how they came to those numbers as there is no working in the answer.
However having looked at your method it makes sense how it should be answered.
Thanks again
Vicki
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