Vivek Venkataram
(Just cleared CS(441/800) now C.A Final Attempt in May 2015)
(772 Points)
Replied 31 March 2015
Hii shruti.
I have been doing factoring from the Study material / PM itself. I find the combination of these 2 is mostly succesful. If you have attended any classes you can always use your own classes notes and then pm. :)
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 31 March 2015
Ya in Nov 2014 it was 12 Marks and even I could not attained that sum. I got 58 in SFM.. Otherwise I would Have clear Group One easily.
Vivek Venkataram
(Just cleared CS(441/800) now C.A Final Attempt in May 2015)
(772 Points)
Replied 31 March 2015
Haha...lucky you Rajesh. if i wouldve got 58 i would be CA CS by now. lol.
Jokes apart according to me SM/PM is the best combination plus if u have attended any classes then your personal notes would also be required.
There are several good guides nothing beats learning of the study material which has highly improved in quality over the last year
ACA Anurag
(Enjoy the little things)
(14706 Points)
Replied 01 April 2015
Dear Shruti,
Refer Practise manual /Study Material with RTP (of last 2 attempt) .
Its important to understand the concept of factoring rather than doing so many questions
Kajal
(Article)
(24 Points)
Replied 02 April 2015
ACA Anurag
(Enjoy the little things)
(14706 Points)
Replied 02 April 2015
Dear Kajal,
While calculating investament in receivable we have to consider ACP and cost of investment .
In this question 40% customer pays the debt in 10 days while the rest in 90 days which means ACP =(0.4*10+0.6*90) 58 Days
Now the projected sale is 1000 crore and according we have to calculate investment in debtors but finance company invest in debtor via mix debt and hence we have to calculate the cost of mix debt which comes to 13.60%
And finaly we will calculate cost of investement in receivable
Hope it will help you out
CAclubindia
