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*** December 2024 ACCA FM exam – Instant Poll and comments ***

Forums › ACCA Forums › ACCA FM Financial Management Forums › *** December 2024 ACCA FM exam – Instant Poll and comments ***

  • This topic has 17 replies, 12 voices, and was last updated 4 months ago by bonnokutlwano1991.
Viewing 18 posts - 1 through 18 (of 18 total)
  • Author
    Posts
  • December 6, 2024 at 9:00 am #713841
    opentuition_team
    Keymaster
    • Topics: 1380
    • Replies: 1403
    • ☆☆☆☆☆

    How was your December 2024 ACCA FM exam?

    Vote in the Instant Poll


    (Comments will be opened after 5PM UK)

    December 6, 2024 at 5:07 pm #714033
    accawannabe2024
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    A mixed exam. Section C was rather OK

    I had one on lease vs buy
    Then the other on finance choice – gearing and interest cover.

    Section A and B was very difficult in my opinion and had some real tricky questions! How did everyone else get on?

    December 6, 2024 at 8:46 pm #714045
    Clementina2
    Participant
    • Topics: 2
    • Replies: 10
    • ☆

    I had one lease vs buy and the other one the purpose and the goal of Islamic finance. Agreed about the section A and B, I found 3/4 question very tricky!

    December 7, 2024 at 5:22 am #714049
    taiyab786ae
    Participant
    • Topics: 1
    • Replies: 2
    • ☆

    I too think section A and B was much harder than expected and subsequently my time management was affected. I think Section C was much easier compared to section B especially.

    December 7, 2024 at 7:42 am #714054
    baldski
    Participant
    • Topics: 0
    • Replies: 6
    • ☆

    I had the same paper too. Do you remember which option was correct in section c? I remember choosing the lease option for second question and the right issue over issue of loan notes for the first question.

    December 8, 2024 at 12:23 am #714070
    Bilal9157
    Participant
    • Topics: 0
    • Replies: 15
    • ☆

    I had lease vs buy and gearing/interest cover crq in exam.. section C was okay_ish

    But section A,B was very difficulty and tricky

    December 8, 2024 at 12:23 am #714071
    Bilal9157
    Participant
    • Topics: 0
    • Replies: 15
    • ☆

    I had lease vs buy and gearing/interest cover crq in exam.. section C was okay_ish

    But section A,B was very difficulty and tricky

    December 8, 2024 at 12:26 am #714072
    Bilal9157
    Participant
    • Topics: 0
    • Replies: 15
    • ☆

    I chose the lease option over buying option.. but i forgot to add the residual value which would bring the buying value down and lower than leasing option
    So i think for me, the correct answer was buying

    Im gearing, interest cover crq i chose rights issue over loan Notes, debt

    December 9, 2024 at 12:10 pm #714112
    kmgrunsell
    Participant
    • Topics: 1
    • Replies: 2
    • ☆

    Section C was NPV (investment with Fisher calcs, TAD and working capital investment). Second question was WACC/ Islamic finance prohibitions.

    Section A and B was horrendous! Foreign Currency, Biz vals and working capital.

    December 9, 2024 at 12:18 pm #714113
    RossDW
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    Does anyone that got the question about capital rationing remember what the question actually said ? It was for 8 Marks. It didn’t ask about hard or soft rationing.

    December 9, 2024 at 1:12 pm #714117
    RossDW
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    Hi Kmgrunsell, what was the question that came after NPV calculcation on section c for you ?
    Thanks

    December 9, 2024 at 3:40 pm #714120
    Farhaan
    Participant
    • Topics: 2
    • Replies: 6
    • ☆

    Hi Kmgrunsell, Im pretty sure we were not required to use to fisher formula as we had to discount the flows using nominal/actual rate, since the cash flow were all inflating at different rates. Also regarding capital rationing, I believe we had to talk about different types of capital rationing i.e Divisible , non-divisible projects

    December 10, 2024 at 10:26 am #714131
    Dmitryks
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    Hi! It was about what company should do and consider when it has capital rationing

    December 10, 2024 at 5:51 pm #714133
    eolithic92
    Participant
    • Topics: 0
    • Replies: 1
    • ☆

    What about NPV question in Section C? What weas the answer?

    December 11, 2024 at 9:42 am #714138
    bonnokutlwano1991
    Participant
    • Topics: 0
    • Replies: 8
    • ☆

    The question was asking which appraisal methods are suitable for capital rationing , in this case i guess you have to describe the DCF AND NPV, and how they relate to divisible and non divisible

    December 11, 2024 at 9:44 am #714139
    bonnokutlwano1991
    Participant
    • Topics: 0
    • Replies: 8
    • ☆

    it was WACC , redeemable bonds , preference share and ordinary shares , what puzzeled me is that there was no discount for the calculation of IRR did we have to resort to using the IRR formula

    December 11, 2024 at 9:53 am #714140
    bonnokutlwano1991
    Participant
    • Topics: 0
    • Replies: 8
    • ☆

    Section A and B was typically very challenging , i remember questions of the likes of calculating the current inventory policy , where you had to calculate a buffer , one where you had to analyze the Payback period of different scenario , and the one that talked about the fiscal policy , option 1 of the answers they said increase in public spending , rather it is increase in government spending , more question on asset valuation , risk , and in section B , the working capital question was so challenging , does anyone remember the value of the minority shares , and also payables days which trade payable amount were we using the one on the balance sheet or the closing one .Section C for me was NPV , prohibited acts on Islamic finance , advantages of Lease and Buying , WACC , ordinary shares (CAPM ) , Preference share and redeemable bonds (we were not given a discount factor) and Capital rationing (theory).

    December 11, 2024 at 9:55 am #714141
    bonnokutlwano1991
    Participant
    • Topics: 0
    • Replies: 8
    • ☆

    True ,

  • Author
    Posts
Viewing 18 posts - 1 through 18 (of 18 total)
  • The topic ‘*** December 2024 ACCA FM exam – Instant Poll and comments ***’ is closed to new replies.

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