How was the SFM/MAFA paper for CA Final...???

Not easy ...................

i think iCAI has developed tendency of preparing such types of papers......

god knows what will happen///...

Originally posted by : Prateek
	it was full unexpectd paper no gr8 theory no gr8 sums very below avg questions mostly much above avg non common questions not CA FINAL standard paper.....

 VERY FUNNY BUDDY!!!

i HOPE TO YOU ACCOUNTS QUESTIONS WAS VERY POOR PREPARED BY THE INSTITUTE..!

Please note that the almost entire paper was out of Book "Strategic Financial Management-II Edition (Series of Bridging Finance) Authored By Shri D.K.Singhal Sir, Jaipur and Co-authored by Shri Piyush Bihani. The details of questions asked is as follows:

1(a)  Example 10, page no. 238

1(b) Question No. 14, Page no. 357

1(c) Question No. 38, Page No. 361

1(d) Question No. 18, Page No. 251

2(b) Example 4, Page No. 331

3(a) Question J09(i) Page no. 80

3(b) Question No. 3, Page no. 183

4(a) Question M05(ii) Page no. 122

4(b) Question M06 Page No. 389

5(a) Question No. 14 page no. 71

5(b) Question No. 8, EVA, Accounts Handouts

6(a) Question No.1 Page No. 98

6(b)(i) Not directly, however, theory covers the same indirectly

7(a) General Question

7(b) General Question

7(c) Page no. 283 & 281

7(d) Page No. 324

7(e) Page No. 179

paper was nice in bits though tricky can ne1 provide me the correct solution for

Interest swap

Whether in case of Q5 (a) whether it was EPS Rs 5 or Retained Earning Rs 5 per share

Thanks

@ Fojan - 

The interest rate swap problem basically wanted you to outline how the gains of swapping interest payments accrue to both the parties when the rate at which they borrow and pay is given. 

Firstly you have to calculate the total gain that can accrue from the swap, that's basically the Quality Spread Differential which is (8-5) - (10-9) = 2 . That means 2 % gains could accrue through the entirety of transaction. 

Now for A, he wanted to borrow in dollars, so B took a dollar loan at 10% on behalf of A, and A paid him 9% (given), since A could already obtain such a loan from market at 9% , there is no gain from this side. 

However A borrowed in yen and was paying at 5% but receiving 6% from B ( basically it's given that B was paying 1% more than yen rate to A) , so A in fact is earning 1% on this transaction. So total gain for A is 1% 

If you repeat the same analysis for B, you'll arrive at the figure that B is also earning 1% . So total earning of A and B = 2% (QSD) . 

With regards to the question where EPS was mentioned as 5, you had to first calculate Total Earnings by dividing 5 by 0.45 and then multiplying by PE to get Market price. 

some of my friends lving in Kolkata told that some of the questions were tricky....but all concepts were covered in sanjay saraf sir notes...

there is mistake in ques 3(a)(ii)...

IF I REMAIN ABSENT IN 3 OUT OF 4 EXAMS IN CA FINAL GROUP TWO & IN 1 PAPER I GOT AN EXEMPTION (SUPPOSE 70 MARKS ) CAN I CLAIM EXEMPTION

PLEASE HELP URGENTLY (|REFERENCE OF SORCE ARE WELCOMED) 

Originally posted by : Surendra Agarwal
	bhomika ji easy laga nahi easy hi tha

Yes it was too too easy.