[yash]

Passed with 56 marks. Never thought I would have passed this paper as it was a disaster and was preplanning to revise again before results day. Fortunately passed and this was my last paper and I am now an acca affiliate. It was a bitter sweet journey and it changed me in a better way. I will surely miss reading practicing questions as it was more like a habit in the last 5 years..

[yash]

It was a disaster

[yash]

I guess that question was a 5 mark question so mainly it was with calculations. The main explanation was in the second part on the changes in performance measurement side

[yash]

Hi I had the same negative answer

[yash]

Passed with 58%. This was my resit as I had failed first with 25%

[yash]

I did get the same questions however my Basecase NPV was positive … God knows what I may have done wrong here

[yash]

I had a similar issue with remote exam. During my exam my exam practor sent me a message saying that she could not see me and she will be restarting my exam and I went on to lose 5 minutes but then my exam resumed

[yash]

Anyone had any idea of how to counter the cost of debt and Market value of bond question today. The govt yield rates were only provided for 2 years while the bond was 3 years

[yash]

Passed with 57. This wasn’t just a paper but redemption time after failing it in the first attempt in 2020 by scoring 35. Thank you open tuition for all the support

[yash]

Refreeze . Change and unfreeze

[yash]

Yes you can also talk about Kirk and the employee who disagreed with his views in the story section of cultural web and also power section where he was the sole decision maker ..

[yash]

I had the same paper
1) cultural web n leadership style (theory X n autocratic style) I also used the 3 stages of changes to answer that

2) Porter diamond factors

3) Integrated reporting

4) outsource – daily transaction, manual process n end of month work

Inhouse – toy production n customer service

[yash]

I had the same paper I know it was crazy especially when you have 3 countries to analyze

[yash]

From Canada

1) cultural web and leadership style
2) industry attractiveness ( 3 countries to compare) and types of risk
3) Integrated reporting
4) outsourcing or in-house of finance function

[yash]

Sir I have noticed that acca no longer provides us with those 15 minutes reading time In cbe. I remember sitting for F5 n by 9 am we started and by 12 sharp we were done. That’s a big let off

[yash]

@johnlog said:
I had a very bad experience at my exam centre writing Pm.
i’ve written a mitigating complain in respect of that and i hope ACCA considers cuz i hate to read for pm again.

Yes same here in such tough exams you need a peaceful mind to counter the paper. I too had a lot of issues bdw where did you complain?

[yash]

@tudd94 said:
My time management was way off 🙁
Section A was OK I guess, I struggled with the payoff table asking you to provide two values that would fit the grid. Section B was fine up until the concert question came up… I got a margin of safety of 85%. Things went a little worse when it was asking to give the profit figures after break even is considered whilst excluding the private booths… I knew the formulae perfectly yet I couldn’t get back to the numbers provided. I had to end up rushing because I spent just over an hour on section A. Section C was crazy, a question on Balanced Scorecard, I knew it had something to do with Kaplan and Norton’s model, sadly I couldn’t remember it with the time pressure. The 16 mark question on Non financial performance measures came as a shock. I put in 2 bullet points with the measures which I thought might be relevant and that was it! The last questions on section C related to expenditure budget (I managed to submit something whilst excluding the depreciation charges as I recalled from an old paper not to include it in expenditures… but I maybe wrong), incremental budgeting and zero based. I managed to write a paragraph under each of the discussion parts but it may not be enough to get a good mark. I was hoping for more calculations but alas the worst came to pass…I put in one disadvantage for incremental budgeting, in that it builds upon past inefficiencies and then I moved onto suggesting using a zero based approach for arriving at better costs, this might have not been in the scope of the question. The last part on zero based budgeting, I could just about describe it but I’m not sure if was enough. Well I’ve learnt a lot from the experience. It would have been easier if they gave me a question on ABC costing or Lifecyle or the topics that I focused my revision on! Even a EMA question would have been a blessing… They should give us noise cancelling headphones, I hated the keyboard bashing noises… kept getting distracted. Oh well, you live and learn, sure I’ll pass it on my next attempt!

Exactly the typing sounds really disturbs you and it has definitely somehow costed us few marks n plus I noticed they no longer give us the extra 15 minutes which we used to get in the paper based

[yash]

that’s the problem doing your paper cbe based. the paper was fine but we went short of time because it takes time to type n perform calculations on excel plus the typing sounds all over the room disturbs your concentration

[yash]

@sarah1905 said:
Glad to see others got a negative NPV for the question in section C, i feel a little better about knowing that i though i had messed up somewhere. I had the exam with the debt/equity question in section c as well. Generally though it was a horrible paper a lot of tricky questions and loads where you had to write your own answer in the multiple choice section. Was hoping for a WACC question but didn’t even get a 2 mark one

It seems you totally had a different paper because we had nothing about wacc n the normal Npv qn in today’s paper

[yash]

Yes lease was cheaper in both the options. There were only 3 items to include in npv which was the TAD relief, residual value n investment cost at year 0. The rate you had to use was the IRR post tax given in the qn. While calculating Npv without tax effect you had to remove tax from that IRR. The interest rate given was only used for calculating lease (post tax cost of borrowing)

[yash]

@asakar said:
Hello,

On the g/w calculation, I remeber that i was double checking should we take acquired from S shares or given shares (Parent gave), and i am sure we should have taken the acquired shares as that was said in question… “1.62 for every share acquired”

In the subsidary equity it had 15000
N 60% was owned by the patent so u take 60/100 X 15000 X 2/3 X 1.62

[yash]

@fokum said:
what was the approach to the MCQ where the consolidated ppe was required and a plant of carrying amt 70000 was disposed on 1/something/20×7

It was a purp we had to remove depreciation from both the figures n the difference between value of the item transferred and value before transfer

[yash]

@garriec said:
What did people get for the weighted average shares MPQ?

Think I had A)2125000.

2000000 for 9months, and 2500000 for 3 months, with the assumption the share values were there to throw me off?

I didn’t go over much share stuff so wasn’t sure if the TERP was relevant.

I calculated terp and then a bonus fraction n thn calculated wans. the answer I got wasn’t thr in the option but option C was close to my answer as the first 3 numbers wer same though idk if m ryt

[yash]

When doing unwinding the discount you charge to finance cost which is split to 9 months and charged?

[yash]

In section B did we had to capitalize the transaction cost as it said it hold for trading purpose? It hold it first for 1 year

[Author]

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