[cihankarabulut]

second attempt, 59% pass. this was my final exam.
practice and mock exams are so crucial for this exam.

[cihankarabulut]

tejeswinijaladi wrote:Yes that’s right. Thanks for confirming
Did you also get a negative NPV (around 1.27 million) before considering the real option and then a postive NPV of 305 million after considering the real option?

I got a negative NPV, but I assume the cost of capital to be 12%.
I couldn’t calculate the wacc of the project myself, I spent around 15 minutes to calculate and couldnt manage it. what a waste of time for me. I’ve then just assumed wacc to be 12%.

how did you calculate wacc of the project?

[cihankarabulut]

tejeswinijaladi wrote:Was the net receipt the same for forwards and futures in the second question (set with Sundo Co)?
Also, was there a percentage decrease for the acquirer under share-for-share exchange in the third question?

Net receipt for forwards and futures were same in may calculations. and the receipt from options were less than forwards and futures.

In the question 3, yes there was a decrease for the acquirer.

[cihankarabulut]

I’ve struggled a lot to calculate the WACC in question 1, part a-i. the name of company was Sundo as far as I remember. wacc calculation was 9 points. and the other parts of the question was based on that wacc. so I’ve just assumed it to be 12% and continue to other parts.

as general, exam was not very difficult. but time wasn’t enough.

my exam started 1 hour late and during the exam word processor got blank several times for 5-10 seconds. has anyone had the same problem with the word processor?

[cihankarabulut]

failed 43% in my first attempt
I’ve already anticipated to fail, so I’ve already started to study for June sitting. Hopefully I will pass in my second attempt.

[cihankarabulut]

Passed with 57% first attempt. I wasn’t expecting to pass to be honest.
thanks to Open Tuition

[cihankarabulut]

addition;

I need to chose one optional paper as I have an exemption for ATX as well.

Which one should I go for next? APM or AFM?

[cihankarabulut]

suf23 wrote:what was the correct thing to do with the legal costs in Q 1 part B?

Acquisition costs
Costs of issuing debt or equity instruments are accounted for under IAS 32 Financial Instruments: Presentation and IAS 39 Financial Instruments: Recognition and Measurement/IFRS 9 Financial Instruments. All other costs associated with an acquisition must be expensed, including reimbursements to the acquiree for bearing some of the acquisition costs. Examples of costs to be expensed include finder’s fees; advisory, legal, accounting, valuation and other professional or consulting fees; and general administrative costs, including the costs of maintaining an internal acquisitions department. [IFRS 3.53]

[cihankarabulut]

Very strange questions! Not at all like the past exams or the questions in the revision kit.
First part should normally be 30 marks group question, but there was only a goodwill calculation for 5 marks.

none of the questions were simple. almost every question had a complex part to consider.

if examiners are trying to match the exam questions with real life situations then we should be able to have more time to think and answer the questions properly. I’ve studied all past exam papers for SBR and I can clearly say that exams are getting harder.

[cihankarabulut]

hi Misbah, how was your SBR exam?

I am in the same situation, I have 9 exemptions for Applied level exams. I attempted to SBL in September. I will take SBR in December. Do you advise to study F7 first then start studying for SBR?

[cihankarabulut]

I was focused on private businesses while studying. Exam was about a charity which aims to protect endangered wild life.

I took the exam in London-Oval and it started 90 minutes late due to technical problems. This was a huge distraction. we started at around 10.30 and finished at 2.30.

I think questions were not very difficult but I couldnt manage time effectively and failed to answer the last question. I would definetely pass the exam if I had 30 minutes more

[cihankarabulut]

Hi, i would also ask the same question. i will choose one of them for June period. which one is the best for begining?

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