FM*** ACCA F9 June 2018 Exam was.. Instant Poll and comments ***

there was no IRR I practiced that so much :P...what about the Working capital needs to be with the inlfaion untuil the end of the project right?

Such a hard paper even i have practice alot :-( especially sec (a) + section (b) but section (c) is mark gaining section hope that i will pass inshaaa allah... :-)

can somebody say something about the section C ,a part thar decision making btw the factor and discounting

no irrr no eoq no wacc

What did you guys get as NPV in Q32?

NPV $143,000.00

@vkerimov said: approximately $ 143,000.00

Same here men, how about the net benefit when using a factor?

Started With Section C . Q-31 I got NPV , There Was No Inflation and All . Answer Was Around 143000 . There Was 2-2 Marks Sensitivity , Sales And Discount Factor , I Messed Up Sales One- I did without Taxation . Discount One Was Around 45% , Discussion Of Sensitivity - 2 marks , That Was Fine .. Discusion Regarding Inflation .......... Hope To Get A 15+ From This One ... Q-32 Early Settlement And Factor . I Think I Got 100000 Something Like That , Negative For Early Sett and Positive For factor , I Did Good , But may be Wrong . Treasury Management and Cash Management Did Fine ... Hope To manage Another 15 + Now Group A , Disaster . I Guess Only 2-3 Are Sure Right On This One .. So Difficult , DGM Ones , Specially the One Where We Should Insert values , And Choosing Two Was Like Hell , You Know One But You Mess Up Next . Group B - Bang Simulation Figure Haha , Ticked Without Reading Every Question , FOREX - I Should Have Done Earlier , Messed At Last Few Minutes , Confused Even In Rounding Offs Figure , I Regret Doing FOREX at Last . At The End Hope To Manage 50 + , But Group A And B Was Disaster , I Guess 5 Of Them Are Correct hahaha .

My section C’s were on WACC and NPV (Different NPV question to the 143,000 above) WACC I got around 8.5% or something (equity = 9.8% preference shares = 7.65 ish % and around 2-2.3% on the loan notes NPV just under 9million I think after discounting

How about NPV of the question 38? Only working capital should be inflated as the price and fixed costs in nominal term?

Sorry it looks like ACCA exam is not the same in all countries @@. In my country there is no questions regarding factor, NPV or WACC in Section C.

What about the marginal cost of capital and wacc? Anyone knows the answer?

messed up in section C only the discussion part Simulation 8 marks two cash management models 4 marks benefit of centralized management. 6 marks please tell me the answers, I wrote nothing ;(

6 months forward exchange rate spot= 1.65 Inflation 1.04 away/1.03 home =1.67

10% value of the asset? 30K trade receivable were bad debt MCQ options 135K 175K 172K 132K My answer was 172K (1750K-30K * 10%)

future dividends growth 6% WACC 8% Cost of equity 12% Current dividends $0.15 what is the ex-dividend value? i had no idea how to get to answer. there were no options

price/earning price/earnings ratio 12.5 profit was $196K options 1350K ** ** 2450K my answer was 2450K (196K*12.5) guess work

semi-strong and strong efficient questions (forgot) options $6.00 $6.05 6.10 6.20

@nathan488 said: My section C’s were on WACC and NPV (Different NPV question to the 143,000 above) WACC I got around 8.5% or something (equity = 9.8% preference shares = 7.65 ish % and around 2-2.3% on the loan notes NPV just under 9million I think after discounting

i also got 8.5% for WACC so hope we done that correct :) and not to sure about my NPV

Section B - Investment Appraisal - Business Valuation -- > Very Tough - Foreign Exchange Section C - NPV ----> Got a Negative $450'000??? -WACC --> I got around 8% - pref Shares --> ? :/ - Capm --> 9% - Redeemable --> 2%

1.does anybody remember questions which has chartist, behavioural something like this ( I have chosen the "behavioural"? 2. MMC and WACC ( I have selected MCC can be used if MMC and WACC is equals to each other, if I am not wrongly remember "A" option. 3. What is the main function of stock market (is this to issue shares and selling to investors?) 4. Does anybody remember question# 3 "8% and 0.5%"? 5. Question related to Islamic Finance ( Mudaraba version I have chosen, loss belongs to only one partner) 6. Question which states that P/E ratio (5 x 1.10=5.5 then 5.5 x12/19=3.47).

what did you write for section C answers to centralised management, two cash management model and simulation many thanks

did you do paper base exam? cash management is talking about miller Orr and Baumol centralised management - no duplication of work, finance easily raised when there is one department and communication and information flow faster instead of waiting to reach subsidary department.

About The Behaviour finance One- I Choosed The Option Starting With MARKET , Dont knw what it was......Exct same option in function of share market . In Islamic One - I Choosed Murabaha Since , Its A Trade credit one , and there was a supplier in question . Centralised Management - FOREX minimisation Cash Preserve Focus On Cash Flow Cash Management models Miller Orr And Baumols Simulation was In My Section B , It Was Too Tough , Guesses For All .

What was the economic risk in mch 1?do you remember other mch answers?

@demetrios21780 said: What was the economic risk in mch 1?do you remember other mch answers?

I chose D the last one. That 3year fixed loan in euro. I assumed that economic risk is a long term transaction Risk.

@saruccia said: did you do paper base exam? cash management is talking about miller Orr and Baumol centralised management - no duplication of work, finance easily raised when there is one department and communication and information flow faster instead of waiting to reach subsidary department.

I still have no idea about centralized, never seen in the F9 study. but unlucky me this means I lost all the discussion marks 18 out of 40 Calculation NPV very perfect question for me did all the working may have lost only 1 or 2 marks settlement discount was ok

Was your npv question with different probabilities for demand? And Wacc as cost of capital?

@vixengard said: I 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!!

Today I took my ACCA exam of paper F9 Financial Management CBE. I do attempt all my questions and was reviewing my exam but suddenly a computer screen got black out and my exam just got vanished from the screen. It was about 36 minutes left in exam ending time. I immediately make complaint to invigilators and they took lot of time to sort out the issue but they simply cant sort out the situation. Even the ending time lapsed and all students went but I was still there and the invigilators still cannot sort out the issue. This is a very terrible situation for me after attempting my exam for more than 2 hours it was just vanished and cannot be retrieved by ACCA, this is not my fault it is the fault of ACCA new CBE system which is not reliable. I spend lot of time & money for this exam and being an ACCA student I expect quality exam conditions.

Sales price 100 for first two years and 90 for year 3 and 80 for year 4. VC 50 with inflation of something 2 or 4. FC 12000 with inflation every year. Working capital investment 5M and investment 60M and scrap value 25000 tax rates 25% and tax allowable dep 20%

@vixengard said: I 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!!