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I got 68 contracts.
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@aleee93 said:
Guys how did you handle the thing with INFLATION in Q1? it was year 3 onward, so was it supposed be 1.04 to power 3 or 1.04 to power 1?y1 = value * (1+inflation y1)
y2 =value *(1+inflation y1)( 1+inflation y2)
y3= value * (1+inflation y1)(1+inflation y2)(1+inflation y3)
y4= value *(1+inflation y1)(1+inflation y2)(1+inflation y3)^2This is my second attempt at this paper and I have to say P4 is the mother of all ACCA exams. The topic on the whole is not hard because these are things that happen in every day business/companies, but the setting of these papers are beyond ridiculous to attempt in three hours. If the examiner is going to set these types of papers , the least they can do is allocate more time to P4.
Most of the students have reach this far only to be stomp by P4. Something is wrong with the way this paper is set if so much students are complaining. We all can’t be wrong. ACCA should really look into this.
I know my NPV figure is wrong, there was just to much coversion and inflation and large figures to even contemplate a right NPV. I am banking on the method marking to score points. As for the option question didn’t do so well. The option questions were harder this time than the last sitting.@flexi said:
one question 1 ..what did you guys do with the lost contribution.?The question just said the amounts are….!
…but didn’t say in which currency these were..
so I ignored them but mention that I have left the lost contribution because they currency has not been given.And then i further said if I included them they were going to reduce my cash inflows and therefore affect my NPV
So instead of just leaving them out completely ..i told the examiner what the treatment would have been if I knew the currency..
Or maybe I missed something guys?
The question just said the amounts are: and then gave the figures in years 1 to 4..
You are very right, the contribution figures confused me as well! No currency given.
We are in the same boat Natalie. Although, this diet was easier than. Dec 2014, if will take a genius to attempt all questions within allotted time. We hope examiners are a bit generous with their marking else P4 is not worth all the trouble.
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@n.nadiradze said:
@jason91I got 68 contracts.
34mil/1mil x 11 months/3 = aprox 125
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Yup supergaga 125 contracts is correct well 124.66667 rounded to 125 🙂
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@supergaga said:
34mil/1mil x 11 months/3 = aprox 125I got 125 also.
Didn’t have time to work out the closing price on the futures so I made up one. *cries*
@supergaga said:
34mil/1mil x 11 months/3 = aprox 125I remember – 34ml/1ml x 6/3 = 68 contracts
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@demashi said:
We are in the same boat Natalie. Although, this diet was easier than. Dec 2014, if will take a genius to attempt all questions within allotted time. We hope examiners are a bit generous with their marking else P4 is not worth all the trouble.I didn’t even realize no currency was given.
I just assumed they were US$ seeing it was a cost incurred in USA…
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@magda111 said:
just like previous exam written with grammar mistakes and some kind of thought shortcuts which are known and understood only for the examiner.
q1 wasn’t hard but veeeeery lengthy ,
q3 ridiculous
q4 collars… so mean, nothing on acccaglobal was provided about itdidn’t do q2 cause it was very unclear
Q4 was my weakest topic but had to do it because I had NO CLUE what Q2 wanted from me. I couldn’t relate the requirements to the information given.
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@demashi said:
68 contracts would be correct.the borrowing was for 6 monthsif i remember well it was told that the company wishes to borrow 34 mil in 5 months time for a period of 11 months. this means 125 contracts
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@supergaga said:
if i remember well it was told that the company wishes to borrow 34 mil in 5 months time for a period of 11 months. this means 125 contractsAgreed. The borrowing was starting in 5 months for 11 months. This leads to 125 contracts being needed.
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Does anyone know if method marking is guaranteed?
I relying entirely on method marking to pass this exam.
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34/1 x5/3=56
Third attempt.It was definitely better than last year’s, but question 1 was soo time-consuming.It’s almost like they want us to fail! 🙁
This exam is ridiculous and as you mentioned guys it’s not for 3 hours (without Excel). I’m just trying to figure out what is the purpose of this exam and what exactly is being checked, why on earth exam questions are written to confuse candidates and make them waste their time looking for information? At this level I would expect real life scenarios that reflect the complexity of the real world and the fact that the paper is recommended for people with practical experience. Instead, we get complexity – academics’ style. Time to change for P5.
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It actualy said the repayment will be made in 11 months therefore 68 contracts is correct.
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@sadiyakhan93 said:
It actualy said the repayment will be made in 11 months therefore 68 contracts is correct.Interesting. In the heat of the moment I read that in 5 months there were taking out a loan that last 11 months.
Anyways I hope I get a method mark.
I also got 68 contracts (because the loan was for 6 months).
However, generally, I am very upset with myself today.
I left the question 1 for the end and did not even manage to finish calculations.
Did not even start writing the report, where all the easy marks were available for the assumptions.Q1 was more than a test of understanding, there was unnecessary detail and unfair figures. For instance, why use YR40,000,000,000 as a figure as opposed to $10,000 for example. Frustrating but it explains why it has a low pass %!!! Will be switching to P5
Lets hope the marking is fair. The last sitting I got 40 and thats without doing the report or finishing the calculation in question 1. This time I was able to complete question 1 but I only did half in each of the option. Hoping for the best. I am ready to be done with ACCA exams.
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