FMACCA Paper FM September 2020 Exam was.. Instant Poll and comments

Yes I got NPV question. I got positive NPV of £178k i think.

I got the same one, I add it back depreciation n ended up with a negative NPV, not really sure if thats correct, I didnt see any question like this in previous exams...

I got that and I answered investment bank. Wasn't in any of my study texts or lectures so I guessed. It made the most sense to me.

I got it too and I just discussed aggressive, matching and conservative policies & short-term and long-term funding of fluctuating and permanent current assets. I don't think I wrote enough for 7 marks though!

No we haven't. I added it back too. I think that was correct because depreciation is not a relevant cash flow but in the end I found a positive NPV..

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I got this question. MS receipt to 300000 so you want to sell MS and buy dollars in 3 months. Dollar receipt using forward rate 300000 / 1.1125 = 269663. In money market hedge you will borrow MS and deposit Dollars. The interest rates given were annual rates so need to divide by 4 to get 3 month rates. I hope I got this right.

if FRA starts in 3 months and the loan or deposit will be for 6 months lets suppose, then FRA rates will be quoted as 3 - 9 months 1.32 - 1.3. For borrowing take the higher rate. I don't remember the exact interest rates I m just explaining the concept.

I got the same question added back depreciation. But I am confused about residual value. Was it to be added back or not at the end of the project. I think I got this wrong

I think that we should always add back the residual value at the end, shouldn't we?

I got the same

Hi, do you know which 2019 paper that is? I am attempting my fm exam on 18th and i would like to practice it. Thank you.

Thought it was difficult. My Section C went OK...Lease vs Buy and Factoring. I don't think my section A and B went well at all. The FRA question in section B was horrible, I never revised it & couldn't remember a thing about it. I really hope I managed a pass!

can you share with us the past paper sep 2020

hey what were the major topics asked in section A and B?

Did the npv question involve inflation and working capital?

what were the theory questions in sec C?

FRA meaning ?

Forward rate agreement

yea, the PAT will be lower but the EPS was higher with debt than with the equity funding due to the right issues. I don't think there is a particular right answer, I think it depends on the perspective you look at it from and how you defend your advice

i have my fm exam on 18 . can anyone help me in the areas that i should focus on. or any tips that you can give

Can anyone tell what comes in sec B

Focus on the section c first , as the mcqs are tough. Don't leave any topic revise everything. All the best !!

Thanks dear

People who attempted FM today? How was it? It sucked big time for me. Did anyone get Chemical X inventory question in Sec C? How do you solve that?

Was the most difficult of the 3 papers I wrote this week. Touch and go for a pass

Nine six 4 six 0 20 eight 30

Sec A has more theoretical questions like which two of the following. Sec B has one FRA, one valuations and one investment appraisal question which was moderate. Sec A and B were okay to me. Some questions were straight forward. Sec C has one leavse vs buy my both were -ve npv. And other was factoring in which I makes notes and short 3 marks for WC cycle. Sec C thoery questions were DCF vs non DCF methods, Working capital funding theories. Thanks! I hope i will make it

What questions were in sec C of your exam?

I got the same Chemical X but couldn't complete second part Also do I have to end exam button personally as after time-out I haven't press end exam button &