Sfm ca final old course exam.
Anisha Khandelwal (1 Points)
03 November 2019
Hey guys how did you find today's ca final sfm old course paper?
Anisha Khandelwal (1 Points)
03 November 2019
Zoya Khan
(ABC)
(800 Points)
Replied 03 November 2019
Although I have not attended, but got reviews (and saw the question paper too) it was a bit different, that too bad wala different. I want to know more to gauge ICAI's approach for group 2
Nupur Barua
(44 Points)
Replied 04 November 2019
akshay
(ca)
(32 Points)
Replied 04 November 2019
SUKET GUPTA
(4 Points)
Replied 07 November 2019
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Q 6A Mergers......... 900000/150000 x14 = 84 & 240000/60 x 10 = 40
Given to consider 25% Premium on Mkt Price of XYZ = 40x25% = 50
84/50 = .5952 x 60000 = 35714 Shares
New EPS Total Shares of ABC Post Merger = 185714....Combined Income = 1140000/- So 1140000/185714 = 6.1384
Impact of Merger on EPS.... ABC increase by .13 paisa Per Share & XYZ Decrease by .35 paisa Appx
MPS if PE Remains Same i.e (PE of ABC Orginal @ 14) = 6.13 x 14 Appx 85.83 MPS
PD Declines to 12 then it will be 6.13 x 12 = 73.56 MPS
Hope you got the Detailed Answer... I worked it this way... Hope I am right
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Question 6B......... 1+015 / 1.006875 x 72.50 = 73.0850 Rate of $.. So $ at Premium
Expected rate of $ = 73.0850
Forward Rate Premium = 73.0850-72.5 = (.5850/72.5) x100 x 4 = 3.2275% on annualised basis
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Question 5A........ 15/.94x100 = 15.95 = 2 = 17.95 % Reqd Returns by MF to give 15% net returns
Alex Earning 40Lkhs at 90% time utilisation So at 100% it will be 44.444 Lkhs ( Increase in Proff Income by 4.44 Lkhs)
He can Earn on Own at 15% on 50 Lkhs i.e 50x15% = 7.50 Lkhs
If he Invest into MF Multicap Fund he get 13% i.e 50 x 13% = 6.50 Lkhs
Now 6.50 MF Income
Additional Proff 4.44 Lkhs
Total 10.94 Lkhs
Less 7.50 his Earnings if he Manage his Portfolio on Own
So Net Gains 10.94 - 7.50 = 3.44 Lkhs
Hence Mr Alex should go for Multicap MF Investment
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Q 5B Borrow $ 50000/101.5x100 = 49261.083 in USA ( this will equal to 50000 after 3 months when Repayment to be made)
Encash it in India at 72.65 x 49261.083 = Rs 3578817.678
Invest 3578817/- in India for 3 months @ (12% PA) Earn 35 for 3 Months you get Total 3686181.51
buy future $ 50000 @ 73.40 = 3675000/- Benifited at 36.86 - 36.75
After 3 months Convert Rs - $ 50000 @ Go Back to USA Refund
If rate is 73 - 73.42 than accordingly calculate earnings with 73.42 buying rate
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
My Friends I have written the Paper So I can say Paper was straight except for some 10 - 15 Questions Marks put you thinking Else other Questions were quite straight with a bit of reading 50 marks was Just straight..... See above I have given 32 marks Clear Answers... May be I am wrong than Pls correct my answers
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
3A (1) was also little tricky on GST issue but if read & understood than it was easily cracked... Calculate PV as per given Inflows & - 1000000/- is the first answer.. Here Project is not Viable NPV is -ve
Than Increase 8% in Inflows & Reduce 8% from outflow ( 10,00,000/-)
Here NPV is +ve
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Q 1C..... Missing Figure is at 350......
Compare Market to Book Value of other Comparable Verticals you will get 25 i.e 450/18 = 25...... 400/16 = 25 accordingly 14x25 = 350 So putting the missing figure question can further be solved.....
Here I have my own view of solving, Pls correct me if I am on wrong Fundamentals & Concepts of solution...
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
1A/1B/1D .... Hope dont need any answer to be given... hope all know how it could be done...
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
So have given Q5AB & 6AB = 32 + Quest 1 of 20 Marks & 3A of another 8 Marks = 60 marks ( Keeping 1C on doubt - 5 Marks) 55 Marks are clear take Theory of 16 Marks was Simple take 10 marks
So Q 5 & 6 full & Q 3.. 60% Question you get atleast 42 Marks + Q 1 say worst case 12 marks as the Bond & Cap Budg were straight & simple & add another 10 for theory + 64 marks... Other Question you get even 5 - 8 marks it takes to 70... now take conservatism of 10% reduction than too 65 has to get....... So friend just Chill... who ever has done SFM even a bit nicely has to get exemption & his Aggregrate will be helped provided other subjects are gone reasonable in G 1 Old Sylbs.... My Exams are Over... G2 is cleared Just waiting to get G1 cleared.. Hope it cracks this time so 2020 will be CA
CA M.Rajni Parthasarthy-Nov19
(Working at Tambakad & Pujari)
(330 Points)
Replied 07 November 2019
Friends Pls correct my answers if they are wrong anywhere so I judge my results
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
