Got my CBE on Monday, my brain is ready to explode...
Methods of Project appraisal - interest rates:
Compound interest
Equivalent rates of interest
Non annual compounding
Nominal rates
Effective annual rate
Annual percentage rate
I am really having trouble distinguishing between them, as soon as I get a question I just don't know what to do. Is there some sort of method to the madness???
At this level the question will very much guide you to the method you need to use with very little by way of hidden meanings and trick questions which will come later in your studies.
By now you need to have all of the calculations memorised and lots of practice in a timed environment under your belt.
Are you using the i-pass cd for F2. If so, between now and Monday it's practice, practice, practice.
If you are not using the i-pass cd the scenario questions in the exam kits are just as good but you need to time yourself rather than the computer doing it for you.
Good luck with the exam. If you have any specific questions just post on here but only post one question per post as sometimes you will find that people on the site may know the answer to one part but not the other so they will not post the answer to either question where you post multiples.
I'm usually on the site in the late afternoon and early evening and should be able to answer most things but at the moment I think that you need as fast turnaround on responses as possible and no individual on here can be guaranteed to be on here all of the time or even have the time to answer questions when we are on here as we're also running businesses which really get in the way of forum time (Damn this having to pay mortgages. lol).
Also, maybe not a good idea to put the body that your taking exams with in the title as at the level that your at people doing AAT level IV or CIMA or many of the other accountancy qualifications would also be able to answer the questions but may not read them when they see ACCA in the title. (I'm guilty of that sometimes when there's Sage or Quickbooks in the title of a post).
If you break up questions though you will normally get answers to everything from the site regulars,
All the best,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.