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Hi. Your tutors are incorrect. Section A and B is all or nothing. No marks if you only get 1 out of the 2 correct. Or, for example, where it says ‘choose 4 out of the following’, if you do not get all 4, then your mark is 0.
Can we bring paper and pen for the CBE exam at home? Can someone help to advise? Thank you
It is definitely all or nothing in section a and b. I’ve done enough exams and practices exams to know!
No pen and paper for exams at home. You have to use the scratchpad
amariag1982 wrote:How was your ACCA Paper FM December 2020 exam?
Did anyone get the MCQ where we had to find the Overdraft form the Balance sheet. Quick ratio was given along with Purchases and Payable days and total of assets. Note: Liabilities only had AP & Overdraft, Liabilities total was not given. I used quick ratio to get the liabilities total, Purchases and Payable days to get the AP balance subtract from liabilities to get the OD but couldn’t get the right answer from MCQs.
Yes, this one took me ages. I kept flagging it, going back to it, flagging it……
I really cannot remember how I did it but I eventually got one of the answers so I just went with that, as I had 3 minutes of the exam remaining. I found it a very tough opening question though. Completely set you up for the tough section A and B at least!GUys in the capital rationing question in Sec C, was it divisible or not? i remember it said the projects can not be deferred. So i assumed it was indivisible
Hi, the projects were divisible. The question stated that the second company had 900m dollar to invest in a four projects. All you need to do is remove the development cost bcos they are sunk cost, find the PI, then get the maximum NPV of the project.
The thing is Acca finds away of setting questions different from past papers. The sectiona A and B questions were very tough. Hoping for a pass though.
Hi,
Was this divisible question got to do with an indoor cycling event? One of my section C questions was an NPV question but I’m feeling I completely missed the divisible part but possibly had a different question altogether.
Thanks
Hi, I can’t really remember the divisible question. But I remember the first 20mks questions in section C for NPV were divided into three parts. The first one was a normal NPV question for 6mks. In this question we were given the contribution already and some data to find the NPV and comment. The second 6mks question was for capital rationing where the company had 900million to invest. While the Last question for 8 marks was for risk and uncertainty.
Thanks Matthew,
It was a different question. Mine was 12 marks for full NPV with some weird bits of no inflation for selling price and 8 marks for commenting on how a division might overcome hard and soft capital rationing, expanding on the reasons etc
Thanks for your answer-eases my panic slightly.
Good luck with the results in January!
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