APM FAE 2013

Dmac_Aca12

Well bank letter for apply for debt and standard cost thing was on core so least we can kinda rule out std cost

Whiplash85

Hope Study is going well guys.

Left the Mock 2013 to last after all book and other case studies were done as a test today and just have a few q's if any 1 can help me

Sim 1 => Indicator #1 was done using PEST, could u use Porters Diamond, C Model or just answer it like a lot of the case studies withoutany model and just talk through the obvious practical and cultural issues.

Sim 2 => Found the calc's to this tricky as I didnt know what exactly they wanted...After looking at solution I can't get two figures they calculated in Appendix 1 in the solution 1) Value for Denim for 1600 & 2)no of ord shares? I know there are 4800 before acquisition but dont know where other 900 shares come from/

Sim 3 => The ROCE on TRYLY => where is the capital employed figure comming from to calculate the ROCE? prob blind but still can't see it

pepp

Dmac_Aca12 wrote: »

Well bank letter for apply for debt and standard cost thing was on core so least we can kinda rule out std cost

It seems to have been a really long and tricky paper doesn't bode well for Thursday I'm thinking

Dmac_Aca12

Hey ya,

When I was doing it in mock I went down the lines of doing it as points with no model like in trident etc and she marked it correct. But after studying I re did it and went with Ohmae s five C s ( I'm finding it very hard to know what to use ) I would nt go with porter tho as this is just competive advantage and there usually specific about that.

Also on sim 2 the 1600 is the net asset value of ( 900+1100) by the sterling rate .8 giving 1600.

The 900 additional share s is from valuation .60 p x 3600 shares ( 900denin /.25) so value of company 2160 paying 900 in cash ( .25* 3600 ) leaving amount to be paid by way of new shares 1260 /1.4 ( current share price in dungaree ) - 900 shares ( that prob makes no sence by way I'm explaining it sorry )


Sim 3 they forgot to add back interest

Dmac_Aca12

pepp wrote: »

It seems to have been a really long and tricky paper doesn't bode well for Thursday I'm thinking

I know I'm dreading it now ;(

Whiplash85

Cheers You seem to know the cases off by heart D mac ;0)

Perfect explanation...

In sim 3 for ROCE... I know the formula is profit / Capital employed but I just couldnt see where they got the capital employed figure from the Q?

Thanks again

Dmac_Aca12

Whiplash85 wrote: »

Cheers You seem to know the cases off by heart D mac ;0)

Perfect explanation...

In sim 3 for ROCE... I know the formula is profit / Capital employed but I just couldnt see where they got the capital employed figure from the Q?

Thanks again

Unfort I do half know them but kinda means I can't test myself so not sure if I know stuff or not ;(

Ya taking truly they have 180* 100/ ( 270+ 290 ) capital employed is the equity and long term debt )

Dmac_Aca12

How u set whiplash ? What's ur plan for next day n half

Whiplash85

Thanks

If you know 30 odd case studies then ur in a good position.. Like to think 70 - 80 % of exam would be covered from these and the rest will be common sense with a few tricky bits to test us...

Did any 1 do those APM revision session Q's or Old FAE type questions? =>
there is a 104 page doc "CAP 2 SFMA revision notes Session 11 & 12 : Revision lecture notes" that I havent touched..mite have a look and see is there anything of use in them....

Whiplash85

Im Ok now tbh Dmac

Iv done the Book and the 30 cases in good detail..and iv been tipping away at relevant articles in the papers trying to broaden my knowledge on the economies and whats companys are at this year...ie Starbucks and Google Transfer pricing, riots in Brazil etc

Suppose the next day and a half im not gonna do much. Want to go in as fresh as possible as iv learned from the past that ur mind needs to be clear going in... Mite just read over a few of the cases again and mite look at a few of the revision type Q's I was referring to above...

Whats ur POA? U do any FX or company valuation stuff in detail? Dont know if Cap II stuff is needed in detail...

Dmac_Aca12

Whiplash85 wrote: »

Im Ok now tbh Dmac

Iv done the Book and the 30 cases in good detail..and iv been tipping away at relevant articles in the papers trying to broaden my knowledge on the economies and whats companys are at this year...ie Starbucks and Google Transfer pricing, riots in Brazil etc

Suppose the next day and a half im not gonna do much. Want to go in as fresh as possible as iv learned from the past that ur mind needs to be clear going in... Mite just read over a few of the cases again and mite look at a few of the revision type Q's I was referring to above...

Whats ur POA? U do any FX or company valuation stuff in detail? Dont know if Cap II stuff is needed in detail...

Are u only doing elective ?? have u done this elective before or changed over like me ??

Ya I ve done the book but more read it all twice rather than learnt the stuff so hoping that just comes to me. I ve done the cases in detail but I'm a disaster for reading solution without really seeing what I would write...

I think my down fall is defo the fact I have a habit of writing it in bullet point s or not writing the obvious.

I did nt do Fx in detail but I did 5/6 of the old MABF which had one or 2 little bits in it. Plus ill bring in the notes for work case scenario kinda thing...

I'm crap at economy stuff really so any knowledge u can pass on about that I d be greatful

kb6536

Dmac_Aca12 wrote: »

Are u only doing elective ?? have u done this elective before or changed over like me ??

Ya I ve done the book but more read it all twice rather than learnt the stuff so hoping that just comes to me. I ve done the cases in detail but I'm a disaster for reading solution without really seeing what I would write...

I think my down fall is defo the fact I have a habit of writing it in bullet point s or not writing the obvious.

I did nt do Fx in detail but I did 5/6 of the old MABF which had one or 2 little bits in it. Plus ill bring in the notes for work case scenario kinda thing...

I'm crap at economy stuff really so any knowledge u can pass on about that I d be greatful

Dmac after a rotten comp exam you have made me even less hopeful for the elective exam lol! How are you feeling?

Dmac_Aca12

Believe me when I say the battle is not over .... I cried last year was so upset after core was no consoling me - would nt even open audit books before elective ... Turns out I passed core and failed the elective !!

Go in there tomorrow and give it everything u could nt of failed on today. Focus on what u felt weak on today and stay calm look at the bigger picture the stuff u can answer well and dot waste time freaking over the stuff u don't know.

Also what I wrote in core last year was no where near what was in the solution after so I think there are a lot of ways u can answer anything

kb6536

Dmac_Aca12 wrote: »

Believe me when I say the battle is not over .... I cried last year was so upset after core was no consoling me - would nt even open audit books before elective ... Turns out I passed core and failed the elective !!

Go in there tomorrow and give it everything u could nt of failed on today. Focus on what u felt weak on today and stay calm look at the bigger picture the stuff u can answer well and dot waste time freaking over the stuff u don't know.

Also what I wrote in core last year was no where near what was in the solution after so I think there are a lot of ways u can answer anything

Thanks, that's honestly a good bit of relief! Just need to take each day as it comes. You seem to be getting on well with the cases? Think I'm going to read through the book tomorrow and practice an NPV question

Whiplash85

From what I remember in the papers

There was a lot about the recent Q2 Eurozone growth rate increasing driven primarlily by GER => as economies start to recover the Central bank is likely to increase Int rates => irish customers and companys want these int rates as low as possible so borrowing repayments arent as high....howeer the increase in GDP is good from exporting point of view for IRL

Also read a few exporters websites and CRH articles to see what a few Irish companys were at...

Read about a few acquistions companys did and JV's such CRH did => they didnt want to go 100% FDI in the recession and as Irish property market had come to a standstill they needed to do something in foreign markets to grow turnover so they entred into a few JV as this was safest option..

There were articles on some papers on countries economic policies such as India. For examle India govt who over subsidise their economies with grain ,rice , fertiliser......etc and such policies have them crippled in balance of payments deficit..=> weaken currency and so on

Thats off the top of my head but tbh I dont think any of it will be relevant..Q won't allow us talk about what we want and all answers will have to case relevant so opportunity to discuss any micro , macro economic policies or compare to other co dealings will be limited

Dmac_Aca12

Thanks tho I feel better even just knowing that ...
Actually one thing I did look up was that tesco is after pulling out of Japan ( or trying too exit costs are high ) there making huge loses as culture there not cheap product...

Also Walmart were expanding rapidly into india but are being inveatogated for corruption and bribery . the constructio. Is held up in India as they did nt wait for permits and went ahead with work and officials put a halt to it all now .

Ikea is the 2012 retailer of the year as it was the best company to successfully adopt it s business to meet international expectation

Oh on the apple and google transfer pricing. It was all legal was nt it just now they gonna tighten rules ( I could be talking out my arse there lol )

That's all my knowledge now ha ha ...

Dmac_Aca12

Guys just one to look at - e procurement benefits and risks pg 184 ( dunno why but I feel like its something they could ask )

Dmac_Aca12

Did anyone do summaries of countries in back of book ??

Dmac_Aca12

Question - piedmont where did 200 000 retained earning s come from before finance issue ? Is it now 100 000 on bal sheet

And the debenture and loans are less ?? I must be missing something as I ve done this question before an never noticed !!

Whiplash85

No as per Q

Retained earnings are given at 200K and so are the debenture and Bk loan figures @ 50K & 150 K respectively

Didnt bother with countries @ back of the book, only there if I need it in exam

Its gonna be a slow day

Dmac_Aca12

Whiplash85 wrote: »

No as per Q

Retained earnings are given at 200K and so are the debenture and Bk loan figures @ 50K & 150 K respectively

Didnt bother with countries @ back of the book, only there if I need it in exam

Its gonna be a slow day

I wondering do u have a different version in my balance sheet called up share cap is 200 retained earning s 100 ??

Dmac_Aca12

Is this what u have ?? I can't see where there getting figures

pepp

Finding it hard to focus today my mind just keeps jumping from one thing to another

Dee29

Did anybody misinterpret the percentage increases and reductions in Mixture (Mock 2011)? Q told you the pre tax profits (35%) is forecasted to drop by 8%. I took that to mean 8% of 35% which is 32.2%. The sol did it as 35% - 8% resulting in 27%.

DMac - will have a look at piedmont when finished Mixture

Dmac_Aca12

I think if u stated that they would have to give it too u .. I think the key is to state every assumption u make .. If ur correct based on ur assumptions u have to be ok

Dmac_Aca12

Ya I'm very unproductive today it's only 11.15 and I ve had bout 5 breaks lol

Dee29

Giving up on Mixture - Blocked funds calc is incorrect. Allowed to remit up to 5M and balance held on deposit. Solution does it the other way around.

Dmac_Aca12

Ya it's a pity coz in general for NPV that case has it all if they had just done it correct ..

pepp

Dmac_Aca12 wrote: »

Ya it's a pity coz in general for NPV that case has it all if they had just done it correct ..

That worries me bout the correction of the exam if they are using a solution which is incorrect and you have done it correctly are they going to mark it wrong as it dosnt march the solution or would they realise solution is wrong!

Dmac_Aca12

I think they form the solution from the bulk of the way people answer it really . I think they would try to give it to u where the process is correct