*** ACCA F9 March 2018 Exam was.. Instant Poll and comments ***

I went thru open tuition lectures, even revised thru complete open tuition notes 🙂

@prasu83 said:
Growth was 2.8 or 3%

As far as i remember
D 5 yrs ago .2
Latest .23
.2x (1+g)=.23
G= .23/.2 sq root 4 -1
=3.555
=3.6 %

@kanchandhankar said:
As far as i remember
D 5 yrs ago .2
Latest .23
.2x (1+g)=.23
G= .23/.2 sq root 4 -1
=3.555
=3.6 %

I reckon i’ve slipped up on my calculator to get 2.9% somehow, but clearly wrote out that exact working in my answer – annoying!

@bg12321 said:
I reckon i’ve slipped up on my calculator to get 2.9% somehow, but clearly wrote out that exact working in my answer – annoying!

I am sure you will get marks of those working even if answer growth was wrong

@kanchandhankar said:
I am sure you will get marks of those working even if answer growth was wrong

Good luck with your results!

Joint probability was a shocker! No normal investment appraisal question. I was banking on section C – but now it looks like I’ll be back again in June.

Did anyone have the hedging questions on a receipt of 2million pesos? What was the dollar cost? My mind went blank I just kept trying to do it as a payment

@barbadoshk said:
I got .036 first when I did it over 4 years, it says 5 years ago so was it not the 5th square root? I changed it at last minute, I got 0.028 growth. So my cost of equity 6.78? My wacc was 10.2% but this changed to 7% I think.. I think my workings were right even if figures ended up a bit wrong? The wordy questions I thought weren’t too bad, just the choice of answers that confused me somewhat! Lots of questions on share market efficiency.

No it will four period
Year 1-2 , 2-3, 3-4, 4-5 so sq root 4

I understand but it didn’t give years in the form of 2018, 2017, 2016, 2015, 2014.. if it were 2018 to 2014 it would read 4 years ago ? But it did say 5 years ago..

Anyone remember mcq about Yield curve ? I chose last option central bank announced reducing interest rates

Mcq about NRV
There was property receivables inventory goodwill liabilities both current n non current

There were 2 mcq about NFPs

Annual cost of discount on receivables
2% within 20days total sales was 50m but credit sale was 80% current receivables were 5.68

Q about DCF and Non DCF methods
Q about commercial paper discount ?

@sonalsethia said:
Probabilities was very straight forward. Refer to
Open tuition notes. That was easy 6 marks. Looks like we all got different section c. Here in
India we got One section c was probabilities and another one was Debt vs equity finance for business expansion. I felt MCQs were tricky and section C was easy. Except 6 marks for Islamic finance..that was not expected

Although I’ve not done a probability question like this, it was logical I think. Not sure I did it correctly but my Npv was quite high. Think 800,000 ish.

Lost all marks on Islamic finance and the 8 marks on risk and uncertainty for an adjusted payback …… had no idea, but hope I did enough on the other bits.

Learning exchange rates an hour before exams really paid off, theres was 2/3 questions on exchange rate.

I had put in much effort on this paper and was so disappointed to see such a section C. December 2017 wasnt half as bad as this one. I wish I had passed then. For the adjusted payback you were meant to explain that you can adjust payback period to reduce the length of project as the longer a project last the more uncertain it becomes. Then the risk adjusted discount factor is just CAPM, the whole ungearing and then regearing process and then using the new beta in the new CAPM.

Does it mean people writing CBE had total different paper from those of paper based coz I never came across WACC along the whole paper and was expecting it so much together with an NPV…… its a pity coz I’ll be sitting for P2 by June and wasn’t planning on sitting two papers at once