*** ACCA F9 March 2017 Exam was.. Instant Poll and comments ***

@adlupu said:
Another MCQ was with inventory days split in 3 categories, with 100m. acquisitions and it mentioned something that 50% were raw materiales, but I think it was something we didn’t need it. So it was 14 days/ 365 day x 100m = 3835 something like this. Anyone got this result?

I did 3 calculations;

Change in WIP using WIP days over full COS

Change in finished product days over full COS

Change in Raw materials over COS relating to Raw materials think it was 50m

Can’t remember but I think I put A, what everyone else do?

@twistedheat said:
What did people write for question 31 last part, about the receivables management.

Think the was 5 ways to manage receivables?

I wrote about;

Trade references for new customers
Length of Credit Terms
Early payment discounts
External Credit Checks
And about accounts receivable department using aged debt reports and contacting customers regularly

What did you do?

@save said:
What about corrent ratio? 2 and 1.6?

I got the same. Now I realize that was it was not necessarly to calculate quick ratio, but I did.

How did you get at the overdraft @ end of Jan? I started with the overdraft at the beginning, I substracted 70% of payables, the operational expenses, the interest, and I’ve added 40% sales from november and 60% sales from december

@hanhnhan said:
Do you remember how much figure for dividend declared?

Dividend declared was 0.45

TSR i tried to calculate it however did not get any answers but the closest one was 19% therefore I selected 19. You?

@save said:
I wrote about factors that could determine a management policy… credit checks, follow up, use of factors… hope those were relevant

Yes I wrote exactly the same

@harshil said:
Dividend declared was 0.45

TSR i tried to calculate it however did not get any answers but the closest one was 19% therefore I selected 19. You?

I think we should choose dividend for 2014 :((.
I chose dividend declared but it’s wrong :((.
Do you remember dividend paid for 2014?

@tomlloyd393 said:
I wrote about;

Trade references for new customers
Length of Credit Terms
Early payment discounts
External Credit Checks
And about accounts receivable department using aged debt reports and contacting customers regularly

What did you do?

Yep I pretty much wrote exactly the same stuff, aged receivables and utilisation reports, credit references, using public information like accounts, contacting customers. Also threw in early payment discount, factors, invoice discounting lol. I was just writing everything I could because I was confused by the question!

@hanhnhan said:
I think we should choose dividend for 2014 :((.
I chose dividend declared but it’s wrong :((.
Do you remember dividend paid for 2014?

Sorry, I wrote something wrong, I put 0.25 for dividend, not 0.45, that is how I got 19%

For 31 b the request was somewhat different, 5 techniques and not about management receivables policy so I wrote about invoice discounting, factoring, age of receivables, offering discounts, i’ll gain some marks.

@hanhnhan said:
I think it’s 2,5 yrs

Do you remember for ordering answer?

Hey !
Even I did CBE in Dubai!!! I’m sure I didn’t get all those questions which they are discussing!

In mcq there was a q for foreign currency derivatives??

Is it A) Currency options exercise….something like that

In 30th Mcq about int rate risk is it A) balance between fixed and floating …

In Mmh ,Is it D)8…..I don’t remember the full fig.Is it offer we have to take..

In Mcq about international fisher effect is it option D) future spot exc rate can be diff with forward exc rate…

@adlupu said:
Please give me more details about this question, I don’t remember it

Is it Mcq sonething given revenue and gross profit I chose A)

Well I am not sure