Error in SFM paper final May2011 part 2

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CA Parth pareek

employee

67 Points Joined May 2011

In ques 3a of sfm paper which was from mergers topic i think there was am error... As in later part of ques we were asked to calculate book value, mps n eps of swabhiman ltd (target co)but already in earlier part of the ques they were required 2 b calculated for ascertaining swap ratio... Why they were asked twice... I think they wanted us to calculate the same for merged entity but for this instead of writing swabhiman ltd in later part, name of acquirer co I.e abhiman ltd should had been written... Frnd I want ur comment on dis...

Replies (6)

CA SAHIL MITTAL

JOB

240 Points Joined March 2009

Firstly, i could not understand ur query..

But after close scrutiny, i agree wid u..

There appears to be a mistake and i had also calculated all those for merged entity..

CA Parth pareek

employee

67 Points Joined May 2011

I havnt calculated for the merged entity because it was not asked in the question,as I already calculted the book value,mps,eps in the previous part of the question for both the companies ,I think it's a printing mistake, in place of swabhiman ltd it should have been abhiman ltd In part 2 of ques

CA. Raghav Goyal

CA Practice

150 Points Joined July 2008

Hi Parth, this is the sum which has been copied and pasted from past year exams.

Yes, this sum has already been asked in past exam with change in names(Abhishek in place of Swabhiman) and figures, with no change in language.

You can check that out as the LAST MOST SUM IN M&A CHAPTER IN SRIDHAR SFM BOOK.

The same sum has been tested in May 2011.

CA SAHIL MITTAL

JOB

240 Points Joined March 2009

Hey Raghav, how was it answered there....

Plz let us know..

CA. Raghav Goyal

CA Practice

150 Points Joined July 2008

Sorry frnd, these dayas I m so busy that i can't take out and open my PACKED and TIED GRUP 1 STUDY MAT.

time milte hi solution bhi bta dunga.

Plz dont mind...:-)

Ankit Saraya

Finance

33 Points Joined June 2010

as the paper was not at all tough .. it was a conceptual paper.. because a C.A. in industry definitely requires concept in paper like finance.. and if one have gone thru whole sylabbus he should not be very biased with the SFM paper..!!! thank u...