*** P4 June 2015 Exam was.. Instant Poll and comments ***

Same to you Ohhhhh; Just looked at P5 pass rate which I am sitting tomorrow; the pass rate there are worst than than P4; just got anxious about that////

I hope this will be my case also…. tomorrow will be my first attempt for P5 as yesterday was my first P4 attempt ans as I said, I do not which to my worst ennemy to go through this paper twice he will no more have time and strength for us to still remain ennemies looooollllllll,,,,

agree with you, easier than last sitting. I did Q3

Well here’s my perspective of the exam.
It was a fair exam, a bit lengthy a bit confusing but that’s what you should expect at the level of P4.
Would i pass? I don’t think so.
Did 3 and 4 from choice.
Q1- Npv was positive, assumed company successfully negotiates the price of components to be 280 and royalty fees increase by 80%, charged tax at 20%, no tax in year 1 and 2, had loss in year 1 carried it forward and set it off against the profit of year 3, npv was something like 56’s. Discounted at 12%, ignored redundancy cost, Stakeholders analysis, their concerns, bad publicity, concluded project should be done but npv should not be looked in to isolation other investment appraisal techniques such as sensivity analysis should be taken, risk of changes in currency movements.
Q3-Did part a fairly well, didn’t had any clue what i was doing in part b and c, tried though.
Q4-Blank on it, tried calculating futures etc. part b did fairly well, wrote about margins, losses charged on mark to market basis.
Overall my only chance of passing is getting around 35+ in Q1 which isn’t realistic but considering i did report in report format concluded well and wrote all assumptions and risks i could think of, It could get me through chances are very low though.

pent too much time in NPV, I got negative marginal with 12% positive with 9%, wasted too much time on NPV, I guess where I failed the paper

@arnoldzongo said:
ok I get you now; you went on the assumpion that governement will accept the 80percent increase; wich I refused due to the fact that the have tight ,onetary restriction in that country but I accepted that the transfer price will actually increase to generate 80 dollars contribution as tis is raisonable…. I think that if in your asumption you stated that it willl go through marking this is not big deal….. Then for the WDA we are in agrement since the tax effect of 4500 WDA will be 4500 times 40percent which give 1800 net tax effect and since this can be carried forward in year 3 you will have a net tax effect of 1800times 3 i.e year 1,2,3 and in fourt year only 1800:::: we are then on the same lenght of things just that I totaly forgot to remove royalties from yilamde NPV inYR currency i just added the 20million USD in Imino Co NPV you are right about it…. If I Fail will not sit this again:::: Hope P5 will be better tomorrow but looking at the pass rate P4 is much more better/…. Loool

1800 is the net tax effect but it is the loss to be carried forward not the tax effect.
If the company record profits in y2 than this allowance is applicable in y2 and decrease the level of profits to be paid. SInce there is no tax 0% in the first 2 years but profits, I didn t find a loss to be carry forward against taxable profits.

confused

I took 2 hours to complete q1 and hence could not do justice to the rest. It was a fair paper but too much time pressure

@keyboard said:
people who are saying this paper is difficult they should switch p4..

this NPV question is from article by examiner, infact 2 articles were written by him on the very same topic..and after looking at the questions i am sorry i dont feel the same… it was not a difficult paper

you can say i m being very subjective… you could be right.. but 1 think im absolutely sure of..this paper was doable well within 3 hours

We don’t need people who have already passed P4 to advise us. If you are super clever fine but you have no right to tell others to switch from P4. Who the hell are you to say that?

@icedawn said:
many of you will be surprised that you have passed p4 on exam results day…believe me the marker is very generous.

@smith2015 said:
We don’t need people who have already passed P4 to advise us. If you are super clever fine but you have no right to tell others to switch from P4. Who the hell are you to say that?

well said

@keyboard said:
i am amazed you had the audicity to say who was i to tell you to switch… im not telling you to switch i m just giving my OPINION

same OPINION you gave about paper whhich wasnt that difficult!

i am entitled to my opinion…i have faced this situtation… i m not blessed as you, i didnt even have the money to pay for the education..let alone passing p4 with good marks..

how hypocritical and short minded!

LOL

Don’t get all worked up over comments on an online forum 😉

Hi Guys can we just cool down, let us just cool down you are entitled to you opinion this is true but do not forget that we just completed this exam yesterday and I am of opinion that for somebody that knows or work on that field can easily say it was doable but for a student it is not easy they were a lot of things to consider yes it was fair but in three hours I am scekptic about it… So in that environement of pain that some of us are feeling thinking at that paper we have to resit to say ones have to switch if it cant will definitely not be welcome, please note that I did not say you are wrong to say that it is just not the moment to say that because it is kind of frustating…. Some said it was fair or easy but nobody told them anything, the problem is the fact that you said people should switch…. I am talking in peace ohhhh do not smatch me loooool…. One love