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Ca final sfm paper

saurabh (nil) (52 Points)

28 May 2014

Guys, how was today's paper? Share your views Mine was bad. One doubt, I got nil EVA, is it correct?

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40 Replies

Sunil Kumar (Indirect Taxation ) (1246 Points)
Replied 28 May 2014

Please share question paper

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RAXIT PATEL (Student CA Final ) (107 Points)
Replied 28 May 2014

You are correct my friend ans is negetive only

Siddharth (Student) (67 Points)
Replied 28 May 2014

I felt it was manageable but corrections will b tough

CA Habib Sarkar (Job) (27 Points)
Replied 28 May 2014

Todays SFM paper was a good one. It was not easy nor it was very difficult. I hope this time everyone will score good marks.

sachin (ARTICLES) (434 Points)
Replied 28 May 2014

I have not considered Operating expenses paid while calculating NAV Is it correct?

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Mudit Dugar (Student CA Final ) (27 Points)
Replied 28 May 2014

Plz upload todays paper

Mudit Dugar (Student CA Final ) (27 Points)
Replied 28 May 2014

Plz upload todays sfm question paper as soon as possible

CA Habib Sarkar (Job) (27 Points)
Replied 28 May 2014

For calculating EVA, you have to first calculate NOPAT assuming 25 lacs as PAT and back calculate NOPAT = EBIT * (1-0.3).

Then compute WACC and then EVA = NOPAT - ( WACC * Capital employed)

Max Payne (employed) (2574 Points)
Replied 28 May 2014

i also dint consider the operating expenses while computing NAV and wrote a note it has been paid already... and EVA i got positive.. did u add back interest after tax to PAT of 25 lakhs... did u take after tax cost of debt in computing WACC? And what was the way to solve the instalments problem? interpolation required or what to find R.. i dint get that?

Pooja Mantri (Student) (104 Points)
Replied 28 May 2014

Paper was good this time! Far better than last time's!!

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Divya Harwani (Articled Clerk) (26 Points)
Replied 28 May 2014

I got EVA as negative.. considered Debt cost as net of tax cz thats d way it was in Accs Paper and even added back net of tac interest to PAT.. N considered the operating exps in NAV... how far m I right ?