Forums › ACCA Forums › ACCA FM Financial Management Forums › *** September 2023 ACCA FM exam – Instant Poll and comments ***
- This topic has 28 replies, 19 voices, and was last updated 1 year ago by Abena4822870.
- AuthorPosts
- September 13, 2023 at 7:17 am #691971
There was 3 growth given in the question like historical, future and industry average. I was not really sure to take which.
September 13, 2023 at 1:33 pm #691990Exactly three were given, it was quite confusing. Anyone here who knows ?
September 13, 2023 at 3:30 pm #691999Think i done the ordinary shares dividend growth which was mentioned at the bottom which was 4% originally i had the 5%. Honestly i thought they were trying to sneak that in as the paragraph containing the rates seemed rather irrelevant and thought it was a trick. Either way on previous mark schemes it tend to be only 1 mark lost if it was an 11 marker for example so not the end of the world
October 12, 2023 at 10:10 am #693064Hi everyone. It is really so surprising how fast the days have gone by and all too soon in just a few days we would know our stand. I really am nervous and I hope I’m not the only one. For my exam like this, I got npv. It was a bit confusing as I saw 3 million as the amount for fixed costs and there was something about net assets. Then for the theory part I had something about the concerning discounted cashflow methods or so.
I also had working capital which was pretty straightforward. There was the financial statement of the firm of two different years and was asked to see if the company is over or under trading using relevant working capital ratios. I calculated the quick ratio, current asset ratio, receivables, payables and inventory for the two years provided and then, gave comments under each as well as a general comment that they were overtrading due to rapid increase in sales etc. I still feel I should have indicated the net working capital (Inventory+Receivables-Payables) for the years and commented but time wasn’t really on my time and I was a bit under pressure. I hope what I did was correct though.
I don’t remember the theory aspect under working capital though and would be glad if someone could share please.
As for Section A and B, some were very tricky. I faced a lot of challenge with the section b especially and hope it doesn’t affect me.
Hoping that I have done enough for the pass mark. Fingers crossed and good luck everyone. We will surely pass. - AuthorPosts
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