March 2026 ACCA Exams Results

Discuss the March results, paper by paper. See the discussion →

Save 20% on ACCA & CIMA Books

Interactive BPP books for the June 2026 exams. Get the discount code →

Abdul Rafay

Forum Replies Created

Viewing 25 posts – 1 through 25 (of 43 total)
  • Author
    Posts
  • #378017
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Jack check the email you use for MyACCA, it should have been emailed to you with the subject line ‘Exam feedback survey – How did you find your exam(s)?’.

    Check your spam folder, today’s the last day for the survey submission.

    You cannot use anyone’s link as it is exclusive to one candidate, I just opened mine again and it said your responses have already been submitted thank you… 🙁

    #377484
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    @mustafa Sad to hear that 🙁 lol

    #377463
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Lol! Again same here bro but to P7.

    The thing is, it’s a time pressured exam and leaving candidates to figure how to tackle the question in its entirety is unfair. Complications and tricks are fair because if your concepts are clear, which is the whole point of the exam, you should be able to deal with them.

    Like the OTC options although completely new style were manageable…

    #377445
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    @Jack I hear you bro, I covered the syllabus in its entirety and finished the entire kit. Only didn’t do the last two sittings past papers. This paper was very difficult and set to fail students. I too passed all in first attempt and this is my last paper but most likely to be a fail or marginal pass at 50 or 51 max if a miracle happens.

    Exactly my point why we should inform ACCA through the survey.

    #377436
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    I just received an email from ACCA for exam survey, I’m ranting my a** off for what an unfair paper this was.

    Question 1 and the options bit in question 3 were not like old questions although the latter was manageable. Two new ideas in one paper, very unfair!

    Would suggest all to protest through the survey…

    #377432
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Sensitivity duhhhhhh…

    #377395
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    What figures did people get for the APV?? My base case NPV and APV were both negative…

    #375258
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Also sir part b in BPP kit (or part c in marking scheme), why is the investment amount converted using the PPP expected forward rate but all the cash inflows from the project are converted at the IRP expected forward rate?

    #374440
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Oh got it, thanks sir! https://opentuition.com/topic/hav-co-june-2013/
    As usual explained beautifully!

    Don’t know what happened, I usually search a topic before posting it 🙂

    #373754
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Although the examiners method made sense, I was having such a difficult time with it.

    Yours is much easier and what we are used to, Thanks alot sir!

    #371161
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Ok Thanks!

    #371069
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Ok but if it is a calculation, am I right to assume, for the Black-Scholes formula, Pa as PV of cash flows of new activity and Pe as cost of switching?

    #371031
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    I don’t think option to redeploy has been examined in the past, the BPP gives a reference to the year in which any topic was examined but it didn’t with this so…

    Has it been examined?

    #370934
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Oh sorry sir, forgot that was there.

    Just watched it and it all makes sense, perfectly explained.

    Once again Thanks to OT and ofcourse to you too Sir!

    #370920
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Sir, I definitely agree with your latter statement.

    Your first one is logical too, but I’m talking about the math of it. If [Value of underlying asset>Excercise price] we exercise Call Options, but Put Options are the opposite. So this makes Option to redeploy a call option.

    Ok lets look at this from a different point of view.

    If we have an option to redeploy with the PV of the new activity, the costs of switching and all the other variables needed given in the question.
    What would be the Pa and the Pe for the Black-Scholes formula??

    #353662
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    That’s the thing sir, for the latter part, the PBIT as needed for NPV is provided in the question and tax is being calculated on PBIT too there, so all the figures for 20X0 and 20X1 in the table calculating PAT are completely superfluous…

    #353661
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Ok, thanks sir!

    #353657
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Yea that’s a question I’ve, is purpose ‘the purpose of the report’ or ‘purpose (as in mission) of the organisation’?

    #353531
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Sir, two things:

    Firstly, why do we use the cost of capital as WACC whereas we have the mix of capital (250k equity and 350k debt) and their relative costs to calculate WACC, is it because the question says ‘Overall Cost of Capital’ as a synonym for WACC, “overall” being the key word here?

    Secondly, Why does the marking scheme and the revision kit answer both have a table calculating PAT for all three years where the first two years are clearly not relevant anywhere in the question, am I missing something here?

    #353440
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    I’ve already read the article, it was right in front of me while I read ur reply 🙂

    The sections in it are:
    Objectives of Reward schemes
    Target Setting
    Types of Reward schemes

    I guess I’ll stick to the Building Blocks model and see if there is anything else relevant…

    #353431
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Other than just applying the Fitzgerald Building Blocks Model’s Reward block…

    #353255
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Alrighty then, lets hope if that comes up, the scenario is supportive… *fingers crossed*

    #352380
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Got it, thanx! 🙂

    #352261
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Understood!

    One more question, “how are objectives set?” has to do with the same thing right, like considering the external environment before setting sales targets/objectives??

    #352017
    AvatarAbdul Rafay
    Member
    • Topics: 29
    • Replies: 43
    • ☆☆

    Thank you sir!

    Can you give some explanation of your point: how are results interpreted? Like give an example maybe…

Viewing 25 posts – 1 through 25 (of 43 total)

Announcement

June 2026 exam prep is live

All updated notes, lectures and tests are now available for the June 2026 sitting. Start studying →