Correction to Q5(c) Suggested Answers Initial Cash Outlay and Cash Inflow at close out will include Futures Value as per ICAI Q 2(a) MTP APR 2019 Initial Cash Outlay : 10000 x 25 - 5000 x 40 +1000 x 25 = 75000 Cash Inflow at Close Out : 240000-206000+24375 = 58375
Sir It will be helpful from your side if you can ask students and Give us a standard message that we can mail to icai regarding the missing interest rate in zero npv question and mcq of present value of dividend
sir ji, my exam was decent I was expecting 60+ before exam But, now I may be getting 55ish or 60even who knows ?? Thanks for your initiatives I followed all your classes (fast track + 263qn revision + ultimate formula book revision) Many of my friends are saying that it is a difficult paper. But, thanks to you, I am comfortable at 55/60.... Hope I get good marks in audit , FR too. then group gets cleared.. Gr2 already passed. So no problem from today.... Need your blessings sir. A lot to progress in Life Sorry for a long message. I did not give you even a single rupee. Yet you gave a lot to me sir. Thank again. May Shiva bestow upon you all the prosperity you desire Your student...
Icai will not give grace phele bhi 2 mcq galat the may 2024 mai kaha diye the agar aise 14 marks sabko grave dene lag gya to ho gya general grace mil sakte but overall 4-5 marks ka
I believe institute should award grace marks to all, as one have left that particular question because they have guess it as incomplete and shifted to attempt some other questions.
Sir, in question 4(a)(iv), question mei specified hai 4 contracts are "sold to the investors" which means 4 Future contracts are bought by investors. Accordingly, Beta would be 1.183. Please guide.
Yes, you are correct. However, first of all, this goes against the principles of hedging. For hedging, shorting is essential, not going long. Secondly, if there is an intent to go against the hedging strategy, it should be clearly stated in the question, such as by saying, "The investor is long" or "The investor has bought futures contracts." Using indirect language to imply this is unprofessional and makes the question appear somewhat immature.
@CAMayankKothari absolutely. I agree with you. I just felt they have mixed up 2 questions and so tactfully added "sold to investors" to confuse. So I did according to the language given in the question.
sir maine q 2b me cash flow ki working start karke sales and exps likha and fir chod diya to kya grace marks milenge? Q 5 ka only c part kiya hai And mcq me jo aapne video me bola tha vo hi kiya hai mostly 6.53 hi tha How much Grace should i reasonably expect as per past trend I will surely not point out you if icai takes some other assumption Bcoz this will decide whether i will pass or fail Coz 150 is an issue
expect somewhere aroudn 5-6 marks , if ICAI decides to give , it will given to all or to none irrespective of the mistakes by Them . I will suggest you to mail to ICAI regarding your observation t.me/afmcamayankkothari/5435
@ Surplus ko positive NPV karenge USD cash flows ko discount karenge Fir equate karenge that PV of Cash flows is equal to 124.5 cr plus 18 lakhs . As cash flows USD means h to jo rate aayegi equate karne me vahi forward rate lenge Aur isme Interest rate parity violate hoga
Sir mera beta .88 aa raha tha kyunki maine weight 4 decimals me le liye?? In 1 ques me Maine value of abandonment project nahi nikala Sir sucession planning me maine need for succession planning nahi lika baaki same language liki h book ki Aur sir buyback me maine 18.492 ko round off nahi kiya toh kitne marks katenge sab me ??
Q4a(2) mei meri expected future price wrong aayi h but next sub question mei no of contracts right aaye h (11 contracts) .although woh expected future price wrong value daalke aaye h but final answer correct h so usme marks milenge?
For me SFM exam went really well, only one MCQ wrong regarding PV at end of 4th year due to ambiguity. Almost all descriptive part matched. Expecting 70+
Sir Q 2 me depreciation ko x leke bhi kar sakte h . Wo question bina disc rate k bhi ho sakta h. Initial investment is 5X and then 5 year cash flows are also in terms of X so we can equate and then calculate value of x and value of 5x will be initial investment.
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Correction to Q5(c) Suggested Answers
Initial Cash Outlay and Cash Inflow at close out will include Futures Value as per ICAI Q 2(a) MTP APR 2019
Initial Cash Outlay : 10000 x 25 - 5000 x 40 +1000 x 25 = 75000
Cash Inflow at Close Out : 240000-206000+24375 = 58375
Sir It will be helpful from your side if you can ask students and Give us a standard message that we can mail to icai regarding the missing interest rate in zero npv question and mcq of present value of dividend
Will do it
Yes sir please
sir ji,
my exam was decent
I was expecting 60+ before exam
But, now I may be getting 55ish or 60even who knows ??
Thanks for your initiatives
I followed all your classes (fast track + 263qn revision + ultimate formula book revision)
Many of my friends are saying that it is a difficult paper. But, thanks to you, I am comfortable at 55/60.... Hope I get good marks in audit , FR too. then group gets cleared.. Gr2 already passed. So no problem from today....
Need your blessings sir.
A lot to progress in Life
Sorry for a long message.
I did not give you even a single rupee. Yet you gave a lot to me sir.
Thank again.
May Shiva bestow upon you all the prosperity you desire
Your student...
Thanks for the message ❤❤
Icai will not give grace phele bhi 2 mcq galat the may 2024 mai kaha diye the agar aise 14 marks sabko grave dene lag gya to ho gya general grace mil sakte but overall 4-5 marks ka
I believe institute should award grace marks to all, as one have left that particular question because they have guess it as incomplete and shifted to attempt some other questions.
Sir if ques 5(b) attempted but not question 5(a), then will grace be provided for question 5(a) ???
I thought 5 (a) was some irr + ifm type question
Sir, in question 4(a)(iv), question mei specified hai 4 contracts are "sold to the investors" which means 4 Future contracts are bought by investors.
Accordingly, Beta would be 1.183.
Please guide.
Yes, you are correct.
However, first of all, this goes against the principles of hedging. For hedging, shorting is essential, not going long.
Secondly, if there is an intent to go against the hedging strategy, it should be clearly stated in the question, such as by saying, "The investor is long" or "The investor has bought futures contracts."
Using indirect language to imply this is unprofessional and makes the question appear somewhat immature.
@CAMayankKothari absolutely. I agree with you.
I just felt they have mixed up 2 questions and so tactfully added "sold to investors" to confuse. So I did according to the language given in the question.
Sir I have solved Q2A but due to incomplete info. in Q2b I shifted to another ques.... Will I get grace marks because of the ICAI mistake?
Sir if attempted q2-a but not attempted q2-b in this case will institute give bonus marks as question has drafting error?
Yes chances are there that marks Should Be give n
Isn’t mcq answer be undervalued??
Its over valued because 315 is the market price whereas the required price is 156 only
Q2 likh ke cut kiya maine
@@chetanarunwal08 same here... kya chance hai
Is grace allowed to those too who did not attempted
No
sir maine q 2b me cash flow ki working start karke sales and exps likha and fir chod diya to kya grace marks milenge?
Q 5 ka only c part kiya hai
And mcq me jo aapne video me bola tha vo hi kiya hai mostly 6.53 hi tha
How much Grace should i reasonably expect as per past trend
I will surely not point out you if icai takes some other assumption
Bcoz this will decide whether i will pass or fail
Coz 150 is an issue
expect somewhere aroudn 5-6 marks , if ICAI decides to give , it will given to all or to none irrespective of the mistakes by Them . I will suggest you to mail to ICAI regarding your observation
t.me/afmcamayankkothari/5435
Sir question me cash flows usd me h
To usd k rate se discount karenge aur npv aur solve karnege to npv around 82.49 aayega
Ha vo to thik hai par Surplus ka treatment ka kya karenge
And forward rate
@ Surplus ko positive NPV karenge
USD cash flows ko discount karenge
Fir equate karenge that PV of Cash flows is equal to 124.5 cr plus 18 lakhs .
As cash flows USD means h to jo rate aayegi equate karne me vahi forward rate lenge
Aur isme Interest rate parity violate hoga
How will we know whether we have got the marks or not?
That’s difficult
You can mail icai
I have given draft in telegram channel
t.me/afmcamayankkothari/5435
@CAMayankKothari then no use of assuming grace marks milega.
Sir mera beta .88 aa raha tha kyunki maine weight 4 decimals me le liye??
In 1 ques me Maine value of abandonment project nahi nikala
Sir sucession planning me maine need for succession planning nahi lika baaki same language liki h book ki
Aur sir buyback me maine 18.492 ko round off nahi kiya toh kitne marks katenge sab me ??
Sir Mergers and Acq. ka revision kab aayega
Sir in question of EVA....beta of ABC Ltd bola h.... therefore I assumed it as overall beta and uske baad equity beta nikala h usse....is it right?
Nahi
Similar question hai icai ka
Maine compiler ka reference bhi diya hai
Usme icai ne nahi kiya aisa kuch
@CAMayankKothari and in ques. Of derivative why we have used continuous compounding?
Rates given the isliye?
@@dheerajmangla2626yes , uska bhi same question icai material me hai
Sir Illustration 1 pg no. 13.3,In module ICAI has calculated Equity beta
@@Surbhi.Jani.10.10 not getting the reference
Can you send me image at t.me/CAMayankKothari
Sir I have attended 5B, can I expect grace marks for 5a??
Q4a(2) mei meri expected future price wrong aayi h but next sub question mei no of contracts right aaye h (11 contracts) .although woh expected future price wrong value daalke aaye h but final answer correct h so usme marks milenge?
Possible hai
For me SFM exam went really well, only one MCQ wrong regarding PV at end of 4th year due to ambiguity. Almost all descriptive part matched. Expecting 70+
@@drakeplays527 bhai aapne afm class kis faculty se ki thi plzz reply....🙏🙏
Sir IRR 0 kyu nhi hosakta 2 b mein?
Aise project me invest hi koi kyu karega
Jisme koi return nahi milega
Valid point sir, but question then illogical hua galat nhi na. And we could have mentioned this fact too.
@@sakshamjain3780right
Attempt kiya hai thats enough if icai decides to give grace marks 😊
14 marks ka toh graace bilkul nahi milega😂😂 I remember sfm may 23 attempt....ambiguous paper and no grace was awarded
Grace marks will be awarded for all candidates?
We can mail to icai and expect the best
t.me/afmcamayankkothari/5435
Sir mene bhi 23.71 kia ...same interpretation laga kr
Yes sahi hai ek angle se vo
Sir Q 2 me depreciation ko x leke bhi kar sakte h . Wo question bina disc rate k bhi ho sakta h. Initial investment is 5X and then 5 year cash flows are also in terms of X so we can equate and then calculate value of x and value of 5x will be initial investment.
@@priyankmaheshwari2633 nahi aayega Bhai Maine exam me yehi karke dekha
@suhassubhedar bhai mene bhi yehi Kiya .. but ab lag raha h. ho sakta h
@@priyankmaheshwari2633maine bhi yahi kiya but maine inv ko x assume kiya .is it right?
Par sense nahi banta bina discount rate k
Ab kuch to karna hai to fir thik hai
@@CAMayankKotharialso we can't calculate depreciation which has to be added to PAT to get CFAT which further has to be discounted at IRR
Sir, will they really allow grace marks to all students who attempted the incomplete questions !
Lets hope for the best
Badmash ICAI!