Solution to ipcc fm november 2014 paper

Dear IPCC students, Here is the solution to Ipcc November 2014 FM paper. The views presented here are purely my own views. ICAI has nothing to do with it.I hope it will help you in  preparing the topic well. utmost care has been taken to give error free solution. but to err is human. 

Regards, 
CA Shakuntala Chhangani


Attached File : 284660 1381957 ipcc nov 2014 fm solutions.pdf downloaded: 1843 times
Replies (50)

superb work done.. and without much time... God bless you

is available for costing please post that also

thanx a lot madam!!!

i need to knw whthr i cld gt marks in qstn no. 6a) managmnt of recvlbs as  information regarding required rate of return was nt gvn ....?? 

thanks a lot mam. mam what is the answer to ques.1(a)

Maam what if in question 6a) we dont take up oppotunity capital percentage rather find it on sales? i mean we find out through receivables * no of days to recover/360 ?

@ Ankit Bohra..Thanx

 

@ Anand S... Costing solutions will be uploaded soon

 

@ Sadique Ahmed..... I see that was our assumption. U will get marks even if u dont assume the same. Dont worry. god bless

@ Rajan...Answer to Q 1 (a) is Max consumption 20,000 units and Min consumption 15,000 units 

@ Aksh*t bajaj....pls be clear

@ Ankit ....i didnot understand ur question. pls be clear.

Mam how much marks I can get in ques 1b if I did a calculation mistake but applied all formulas correctly?

Maam firstly my doubt is why have you take 20 days in both cases instead of one being 10 and other being 20?

secondly you have calculated through the figures 300000*20/360*10/100 instead of this what if a student finds through 3000000*20/360 ?

Mam in ques 3b...long term debts are given to nil..what if we do the question by taking net worth as fixed assets plus current assets minus current liab? The answer comes different but the balance sheet matches..

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