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@gazeboz said:
I was under the impression financial objectives can be both quantitative and qualitative so they can be measured… thoughts?exactly.
This was a super tough paper, I felt the MCQs at face value were easy but you had to really question them bc there were so many tricks. I failed F9 in June w/ 43 marks and studied my ass off and it was still really hard 🙁
@gazeboz said:
This was a super tough paper, I felt the MCQs at face value were easy but you had to really question them bc there were so many tricks. I failed F9 in June w/ 43 marks and studied my ass off and it was still really hard 🙁I also failed 46marks, was so hoping to do ok in december. and I also studied very very hard, revised each and every question in BPP.
not happy. probably will resit F9 after I’ve passed all other qualification paperslol I’m thinking that too! The F9 syllabus does not come naturally to me as I have a background in Financial Reporting. I find it interesting but when they threw the ‘calculate EPS blah blah / loss on Exchange rates / Book value as well as Market value WACC’ I was internally screaming! I studied too damn hard for them to throw calculations that were not apparent in any BPP revision kits – I really want 50 but feel I will be in the mid 40s again 🙁
not yet, but I’m not confident at all, so pretty sure didn’t pass.
questions are out I’m sure you all sawTbh I was looking forward to MCQs I thought they may cut a break and be easier – but now cannot wait to clear them so I can move onto harder P papers where I can waffle and gain marks for coming up with relevant points instead of being tricked out of marks. One word like ‘should’ instead of ‘could’ can change the relevance of an MCQ answer it does not really test knowledge it tests interpreting skills on an insane level
F9 MCQs felt like interpreting conversational Chinese into English when I have only done 2 lessons in the Chinese language…
Is there any indication as to when they are going to publish the answers on here, want to know how I faired on the MCQ, I know it was pretty abysmal, but it is driving me mad. Most definitely going to be re-sitting this in June. Thanks
@gazeboz said:
For me I would need 13 or 14 cos I screwed up a couple of Section B parts 🙁remember ques 4 and 5 had most marks. So if you went ok in them you are fine.
Hello all
For question 4 (the NPV one), I though all sale prices and variable costs were supposed to be right and their only problem was that they were not inflated!
I mean for example for the 3rd year, I took the sale price of THAT year (NOT the first year) and then inflated that number 3 times , i.e Sale Price * (1+inflation rate)^3, or for example for the variable cost of the 4th year, I took the variable cost of THAT year (I think it was 13!!) and then inflated that 4 times! and so on for the other sale prices and variable costs !
It is wrong ?!!!!question states that prices haven’t been inflated, so you we should have inflated price, variable cost and fixed cost. I did the same
well, as for fixed costs, it should have been 154.5K in the first year (150X1.03) and inflated at 3% for all consecutive years.
his fix cost was 155 every year which is wrong. So I reworked the NPV from the start.
Had a look at the paper and have Just realised I completely f***ed up question 5, completely blanked on doing a IRR for the cost of debt and used the 6% and miss read part b ='[ so that is basically all of the 15marks down the drain. Think my only hope for a pass now is to ask Santa for a Christmas miracle
@basta said:
his fix cost was 155 every year which is wrong. So I reworked the NPV from the start.yes, me too. that’s where the trick was I guess, about selling prices. There was no mention of selling prices anywhere else other than the calculations junior employee did, so selling prices were 25, 25, 26, 27. Which should have been inflated from the T1.
25X1.042 ; 25X(1.042)2 ; 26X(1.042)3 ; 27X(1.042)4.thats what I did at least..
my only regret I misread question 5 part A I did only the MV of WACC, which I got right. But completly didnt read he wanted the book value :(. Free marks down the drain. And that may cost me pass or fail.
@basta said:
my only regret I misread question 5 part A I did only the MV of WACC, which I got right. But completly didnt read he wanted the book value :(. Free marks down the drain. And that may cost me pass or fail.same here, I totally missed book value WACC, I noticed that when I had like 10 mins left and just wrote why book value and market value costs might have been different
@matsamary@yahoo.com said:
same here, I totally missed book value WACC, I noticed that when I had like 10 mins left and just wrote why book value and market value costs might have been differentI did worst I didnt comment either on part A…5 B then was ok gearing goes down, equity more expensive etc
But lets be positive from 9 marks we still can get 4 or 5 marks from part A only.
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