Forums › ACCA Forums › ACCA FM Financial Management Forums › *** December 2021 ACCA FM exam – Instant Poll and comments ***
- This topic has 33 replies, 26 voices, and was last updated 2 years ago by Shivvy.
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- December 11, 2021 at 9:53 pm #643971
I had such a hard time with Section A & B. I felt like I had questions that were too random and nothing like past papers.
Section C was replacement cycles and Cashflow. This was actually fine.
That Cashflow was a lot of work for only 8 marks!!December 12, 2021 at 5:56 am #644010The exam seemed easy ,that i actually questioned all my answers, like never had an ACCA exam as such. Hopefully we pass. That section C questions on cash flows took me nearly 45 mins to do for only 8 marks!! Wild!!
December 13, 2021 at 8:47 am #644135Hi Bella, Sounds like I had a really similar paper. I got really frustrated with one of the section B questions as I know hedging vs futures like the back of my hand, but they had to throw in those interest rate things that really got me stuck, spent too much time on that one for a section B question- hadn’t seen a past paper hedging question like this before which included the interest rate changes.
For section C I spent about 45/50 minutes on that cashflow question, was a bit stunned at how much work was required for only 8 marks, kept thinking I must be doing too much work here…
Luckily with working capital management I could try bash out a quick written answer to catch up (I had a really stiff keyboard which slowed down everything- I reckon the ACCA should allow you to bring in your own keyboards!!)Left me with very little time to complete the replacement cycle question. Managed to only complete the annual cashflows and initial outlay parts for years 0-6 in the two different time period column and then work out the present values, I didn’t had time to incorporate the extra costs listed in the detail (every two years advanced maintenance) but when I realised I only had 6 minutes left I wrote a sentence out to explain that I would then use the total present value for each replacement period and divide by the appropriate annuity factor to get the EAC and the lowest EAC would be the winning replacement period.
The next question I think was for four marks and was asking how the previous working was good for comparing time periods. I wrote about four words before being kicked out.Does anyone remember how many marks were for the working management cycle question?
I thought I did well with what I did complete- section B notoriously tricky for this exam! Section C was time pressured, if I did it again I would do section C before B. Was a bit gutted as when I saw section C questions I realised how many marks I could’ve gained in comparison to B if I had done it the other way around. As it stands, I will be gutted if I haven’t achieve 55% or above really. Will be leaving a comment in the ACCA survey about not enough points being awarded for the time needed on some of the questions.
December 13, 2021 at 10:53 am #644152Section A & B I could not remember alot of the DVM calculations properly (which parts to insert in to the formula). I found A & B the hardest.
Section C I had the cash flow question and the EAC NPV 2 lease projects. Unsure if I will pass this unless I flooked alot of the A & B questions. Section C I preferred to the first sections as I felt I knew more about them.
Good luck to everyone x
December 13, 2021 at 9:45 pm #644200Does anyone knows can I use the FM Exam kit (Kaplan) which is valid for up to June 2021 for exams in 2022?
Thank youDecember 14, 2021 at 3:41 pm #644247I Agree 100%. We will just have to wait and see now!
December 14, 2021 at 6:21 pm #644255Hi can anyone please let me know the topics of Section B where you find it challenging also the type of questions..
It would be of great help.. thanks again.December 17, 2021 at 8:40 pm #644481For section B I had dividend policy with few directors comments and deciding what type of policy they are talking about, foreign transactions and something about loan notes.
Overall wasn’t too bad with most multiple choice rather than enter the figure in blank box.
Didn’t have any WACC calculations in my paper which was a relief
January 12, 2022 at 5:29 am #645709I did a lot of formatting errors.. It’s hard to show the NPV Proforma with the additional calculations of inflows, etc…
Totally scared! what will happen…I don’t want to RE-go throughout the whole syllabus once more!
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