Urgent-sfm paper may'17-q.no.1(b)

Page no : 2

AASHISH (B.Com) (38 Points)
Replied 04 May 2017

Its 180% mine also, and its surely correct, and what is bad about ICAI here, practically its possible

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Rahul (CA Final) (399 Points)
Replied 04 May 2017

In ques 6(b) can we take total book value for calculating ratio or book value per share??

2 Like

Thomas (Student) (315 Points)
Replied 04 May 2017

Originally posted by : AASHISH
	Its 180% mine also, and its surely correct, and what is bad about ICAI here, practically its possible

Its not possible as per Walters model. Imagine if Rcurrent earnings is reinvested into the business.

Bad because ICAI really should triple check their questions. We students invest years of our life on these exams only for it to be adversily affected by such mistakes in questions. While sitting in exam hall we dont know if there is mistake in question, we will think we made some careless error while calculating and try to fix it, so we spend additional time in fixing it, but we still dont get correct answer. This also affects our mindset in solving other questions, we start becoming worried and it really badly affects our overall answer. Last attempt also there was a really bad mistake in FR paper because of which i lost almost 1 hour. This led to me failing Group 1 only because of a few marks in FR.

Mistake in question is inexcusible. It shows that no one from ICAI even tries to solve the paper themselves. Do they just assemble questions from different sources and print or what?

1 Like