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Section C
Cash budget (10 marks)
Advantages of centralised cash management (6marks)
Short term cash surplus (4 marks)
Nominal NPV (given in question operating profits)and financial acceptability (12 marks)
Probability analysis (8 marks)
Good afternoon guys, these are the questions i got
Question 1
* forex hedging (futures and OTC options(
* Foreign subsidiary NPV
* adv and disadv of futures vs otc option
* economic and translation risk and how to manage
* assumptions for npv
Question 2
* M&A
* share for share exchange
* effect on EPS based on method of funding(something like that)
* something abt mezzanine finance
Question 3
* ration analysis
* analysis (including behavioural aspects)
Section A
- lease
- conceptual framework
- consolidation
- theory mostly
Section B
- intangible assets
- PPE & Non current assets , IFRS 5
- revenue
Section C
- gain or loss on disposal
- single entity ( revised profit and prepare sofp )
- interpretation
Ratio for ( 4 marks )
- gross profit margin
- operating profit margin
- net asset turnover
- roce
And comment on performance
# subsidiary sale because of poor performance
From single entity, spl and eps. And from the ratio question it included disposal too. We had to calculate operating, gp and eps before disposal, also and after disposal. And then we had to analyse comparing before and after disposal.
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Life cycle costing
Pricing
Planning / operational variances
My set was easy I guess
Each & every question was similar
I only struggled with Section B’s pricing strategy set
Thought I had prepared well for that chapter still was not able to recollect
Section A: Mixed (Also of below topics)
Section B:
1) Almost 35 marks were of Substantive Procedures (Inventory, Cash, Legal Claim, Payables & Expenses, all of it)
2) 5 marks for components of Internal Control
3) 5 marks for effect on Audit Report
3) 5 marks for Corporate Governance
4) 4 Marks (Materiality & Performance Materiality)
5) 16 Marks (Audit Risk & Response)
This is 100% analysis of the paper of 1:30 Pm batch.
Hope it will help you.
Sec b - wc factoring Q , fra in risk topic , buss fin Q
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Sec C
Financial option
Right share issue or Loan note ?(For right share not given M.V of share price )To calculate EPS and Capital Gain per share and SMEs financing problem .
Norminal NPV and discussion of error (providing draft npv which is preparing by junior accountant ).
AFM
1)Report:
Currency hegding using futures and over the counter options,
Advantages and disadvantages of both
Foriegn Investment appraisal
2)evaluate the performance on earnings and also in stock matket pov(new type of qn)
3) combined value of entity
Share for share offer
Cash offer
Question 1
NPV calculation with APV
Wacc using asset beta and capm
Keg (additional finance)
Theory:
-Assumption NPV
-Something about options
Q2
Ratio calculation (refer EDC cadnam Co)
Theory: Impact of dividend policy on share price and shareholders.
Q3.
SWAP interest
M&A acquisition minimum price and the affect of eps and holding after acquisition (very small part)
Theory
-Mezzanine finance advantage and disadvantage
For me Section C was ;
a consolidated P&L for 17 marks and explain control in consolidation for 3 marks ....
And Ratio analysis for 5 marks ( GPM,OPM,ROCE,Net asset turnover , Inventory holding period ) , and finaly comments on performance , position and cash flow for 15 mark
Did anybody get that?
Impairment
Disposal of asset
Depreciation
Tax
Legal charges (toxic materials)
Inventories
Many chapters like fair value, foreign currency, cash flow, etc didn't come. The main areas were Revenue, Government Grants. They asked many questions from there. A few from PPE like revaluation surplus, one or two from impairment. From section c consolidation, Operating, GP and ROCE were there. Also, single entity FS
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Section A and B
Leases
IFRS theory
Revenue recognition
Section C
Ratio interpretation based on disposal of subsidiary
Sopl preparation for single entity
Eps calculation
This time mcq questions were less
& jyada type in wale answers the
Section C mein
ZBB ke bareme pucha
& few benefits
Then in 2nd question transfer pricing question
Section A may ek question tha pricing chapter say usha answer kaun sa tha right price skimming or price peneratation
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Section C
Q1 decision package, zbb and benefit
Q2 trasnfer pricing under current and proposed
Then consequences