- This topic has 98 replies, 49 voices, and was last updated 2 months ago by brianthomas.
- September 14, 2020 at 2:08 am #585491adamliew
hi, may i know how much of proportion of MVe and MVd in question 1? because i feel like i calculate wrongly for the MVe and MVd. it make the Wacc no much differentSeptember 14, 2020 at 7:34 am #585499shezkuodza
Generally the exam was not that difficult but i kept on making some stupid mistakes especially for foreign NPV calculation i definitely got a zero because of incorrect rounding. I thought i was rounding the figures to millions whilst i was rounding them further to billions and ended up mixing millions and billions (revenue and costs in billions) , (investments , WK, TAD, RV in millions) and there was no tax at the end of the day because the TAD was so substantial compared to the contribution.
For book value of bonds i could have multiplied 0.45m bonds by $100 to get $45m but i took 0.45m as it was when calculating Vd. I realized it after i was almost done and time could not allow me to start all over again so i began to cancel and correcting every affected figure such that my whole answer was no longer presentable. I doubt if i am going to get the professional marks.
Also i found it quite difficult to discuss the results for the 10 mark question as they did not make any logical sense from what i had studied which means my calculations were also wrong.September 14, 2020 at 10:35 am #585529olawepoomo
AFM exam was okay. Preparatory to the exam, I was already palpitating when I seem not to be able to lift my hands gleefully on the specimen exam questions within the time allowed.
But glancing through the questions, I think God made it simple for me this time around!
I have read all of our comments; we all faced the same dilemma; perhaps made same mistakes, but generally the exam was okay.
I expect markers will be leniet with marks and give us COVID incentive markingSeptember 14, 2020 at 1:06 pm #585542alextrieste
Acca is not cheap. For the amount of money we spend I think we deserve a better spreadsheet software.
It totally sucks – you can’t even cut and paste without losing formulae and references.
It slows me downSeptember 14, 2020 at 2:03 pm #585550khaloodk
.September 14, 2020 at 2:06 pm #585551khaloodk
Same i am confused about this too :/September 19, 2020 at 2:01 am #586099saksham654
Was it even possible to complete the AFM paper in CBE mode? I did not attempt 29 marks, which was the second best attempt in terms of marks in my practice of 4 papers and the final exam.
Although I feel confident about the part I wrote and hopefully will pass but I would like to know from others if it was possible to complete CBE exam for AFM?September 24, 2020 at 12:43 pm #586548brianthomas
I agree. The functionality of the spreadsheet shocked me e.g. drag and hold over cells containing numbers in excel produces a total on bottom right of screenbar. Not so in CBE. And trying to reference the question when it is in 5 different parts is a nightmare, unless you have a massive screen, and mine was the size of an average laptop.September 24, 2020 at 12:46 pm #586549brianthomas
Completely agree. The functionality was shocking, and sourcing information when the question is in 5 different pages? A nightmare.
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