TOPICWISE ICAP PAST PAPER ANALYSIS - CFAP 4 (BFD/MAC)

SUMMER 2008 - WINTER 2016

STUDY TEXT BFD/
TOPICS MAC ATTEMPT Q# NAME DESCRIPTION OF QUESTIONS MARKS
(Weightage) PAPER

(a) After sale service internally and termination of contract with existing
MAC S - 2008 6 Kamran Ltd. supplier (b) Qualitative factors before final decision 20
MAC S - 2009 5 MMTE Ltd. Computation of savings from the revised plan 15
MAC W - 2009 4 Sajid Industries Ltd. Decision about selection of supplier and inspection 18
MAC W - 2009 5 Aftab Ltd. Decision about manufacturing CNG Kits in house or import feom Italy 13
Relevant Costing Principles & Decision Making

MAC W - 2009 6 Rafiq Industries Sale price of different packs by adding 25% profit on relevant costs 17
MAC S - 2010 4 Noureen Industries Establishing own sales department or hiring salesmen on commission basis 13
MAC S - 2010 5 Haji Amin (Pvt) Ltd. Manufacuting cost of product M using relevant cositng approach 18
MAC S - 2011 3 ABC (Pvt) Ltd. Decision between offering burger deals or reducing price of all products 20
MAC S - 2011 5 Ahram Ltd. Prioritising the purchase of material locally and internationally 17
MAC W - 2011 1 Hunarmand Ltd. Calculation of bid price by adding margin 20% on relevant costs 20
Chapter 2 & 3

MAC W - 2011 4 Sawari Ltd. Decision between purchasing new plant or introducing JIT system 23
(a) Determination of most financially beneficial option from two options (b)
MAC S - 2012 1 Himalaya Chemicals Ltd. Discussion of other factors 16
MAC S - 2012 4 (a) Sky Ltd. Determine the product mix that could optimize profit of Sky Ltd. 17
MAC W - 2012 4 Industrial Tool Ltd. Computation of sale price by adding margin of 30% above relevant costs 13
MAC S - 2013 2 Sophisticated Packaging Ltd. Computation of sale price of order by adding 20% margin on sale price 17
MAC W - 2013 3 Taj Ltd. Recommendation for disposal of Tea Segment with pros and cons 23
MAC W - 2013 5 Mujahid (Pvt) Ltd. Purchase of raw material locally or import and risks in import 21
MAC S - 2014 6 Zee Printing Decision about disposal of one machine from three machines 15
MAC W - 2014 6 Center point Hotel Assessing the feasibiility of discount schemes during off-peak season 20
MAC S - 2015 2 Junaid Ltd. Optimum selling price to maximise profit and amount of profit 12
Impact on profitabilty due to change in sales price, leather, training of
17
MAC W - 2015 1 Nasim Ltd. employees and new arrangement with distributor
MAC S - 2016 5 XYZ Ltd. Recommendation to develop new application software 18
MAC W - 2016 5 Ali Industries Ltd. Decision to increase capacity by modernising or purchasing new machine 12
23 13.70% 395
(a) Maximum profit calculations under restricted sales revenue (b)
Linear Programming &

MAC S - 2008 1 Azmat Industries Recommendation about taking further credit facility 14
Limiting Factor

MAC S - 2010 2 Buraq Motors Shadow price per hour with limited capacity in assembly department 14
Chapter 4

MAC S - 2011 6 A Company Linear programming model and determination of tables and chairs 16
MAC S - 2012 2 Quality Appliances Ltd. Drawing constraints on graph and finding optimal production mix 15
MAC S - 2014 5 A Company Optimum production plan and shadow price of scarce resources 17
MAC S - 2015 5 Asim Ltd. Decision making on the basis of shadow price 15
MAC W - 2015 3 Ali Ltd. Optimal production plan for next month 15
MAC W - 2016 6 Target Manufacturers Ltd. Shadow price per machine hour 14
8 4.16% 120
WACC calculation, NPV and sensitivity of material cost, labour cost and setup
20
BFD W - 2008 5 Zaheer Ltd. cost
BFD W - 2009 2 Kohat Ltd. NPV with inflation, taxation and decision making 14
BFD S - 2009 6 JKL Phone Ltd. Selection of suitable call rates using decision tree or joint probability approach 15
Capital investment Appraisal

BFD S - 2011 4 JAP Recreation Club NPV with inflation, relevant costing and taxation 16
(a) Draw a decision tree to depict all possibilities (b) Advise whether to
BFD W - 2011 2 Khayyam Ltd. undertake this project or not 14
Chapter 5 to 8

BFD W - 2011 6 Skill Enhancement Centre Minimum number of enrolments to justify textile course on the basis of NPV 17
BFD W - 2012 2 (a) N/A Five limitations of NPV technique of investment appraisal 5
Recommendation about EN-43 project and sensitivty of sale price, discount
BFD S - 2013 4 Katkhair Engineering Ltd. rate 24
BFD W - 2013 1 Premier Airline Company Evaluating restructuring proposal scheme using NPV approach 23
BFD S - 2014 2 Inovative Builders Suggestion of price of different appartment to earn required IRR 17
NPV of new machines replaced in place of existing machines and discussion of
BFD W - 2014 3 ZC Ltd. non-finanical factors 15
Decision to close or continue the store for 3 more years and matters to be
BFD S - 2015 1 Kamyab Mart considered before taking final decision 16

BFD W - 2016 2 Suffer Ltd. NPV with inflation, income tax, sales tax and sensitivity of direct material cost 26
13 7.70% 222

ABDUL AZEEM SKANS SCHOOL OF ACCOUNTANCY

abdulazeemeducationist@gmail.com BFD PAST PAPER ANALYSIS CA FINAL COMPENDIUM
 TOPICWISE ICAP PAST PAPER ANALYSIS - CFAP 4 (BFD/MAC)
SUMMER 2008 - WINTER 2016
STUDY TEXT BFD/
TOPICS MAC ATTEMPT Q# NAME DESCRIPTION OF QUESTIONS MARKS
(Weightage) PAPER

BFD S - 2008 4 Mohani Ltd. Evaluation of lease or borrowing to buy option 18

Specific application of DCF and Capital

(a) Calculate of annual operating lease rental to earn required NPV (b) IRR of
BFD W - 2008 4 Hafeez Ltd. lease 18
Replacement or overhauling of the generator and % change in overhauling cost
BFD S - 2009 2 UVW Rental Services to have indifferent position between two options 17
BFD S - 2010 4 DS Leasing Company (a) Breakeven lease rentals of lessor (b) Lease or buy decision by lessee 20
Chapter 9 & 11

BFD S - 2011 3 HIN Textile Mills Evaluation of two different lease options 12
Rationing

BFD S - 2012 2 CB Investment Ltd. Determination of most beneficial project mix in capital rationing situation 20
BFD W - 2012 2 (b) CDN Ltd. Determination of optimal replacement cycle of machine 15
BFD S - 2013 1 Haala Car Rental services Disposal of five cars now or retain for further two years 20
BFD W - 2013 2 Supreme Group Provision of company maintained leased cars vs car allowance 15
BFD W - 2014 1 Kailash Ltd. Determination of most beneficial project mix in capital rationing situation 14
BFD S - 2016 3 White Garments Optimal replacement cycle of cutting machine 17
BFD S - 2016 5 Silver Line rental services Evaluation of two different lease options from different banks 17
(a) Optimum investment mix under capital rationing (b) Maximum interest
rate on financing for remaining projects 20
BFD W - 2016 3 Malik Investment Ltd.
13 7.73% 223
Cost of equity using CAPM, expected rate of return on each security, value of
BFD S - 2008 1 Mr. Faraz portfolio, portfolio beta and expected rate of return of portfolio 18
Weighted average cost of Capital, Portfolio theory and CAPM &

BFD S - 2008 2 (b) Fiaz Ltd. Computation of weighted average cost of capital 6
BFD W - 2008 6 Javed Ltd. Computation of weighted average cost of capital 13
BFD W - 2008 7 Mushtaq Ltd. Project evaluation using portfolio theory and CAPM 12
BFD S - 2009 5 GHI Ltd. Recommendation of optimal capital structure 15
Beta, Risk and return comparison, Identfication of underperformed shares,
20
BFD W - 2009 1 AITF Revised beta after excluding under performing shares
BFD W - 2010 3 Iron Ltd. Project evaluation using portfolio theory and CAPM 13
FR Cooperative Housing Effective annual yield of each mutual fund and comparison of return & risk for
Adjusted Present Value

15
Chapter 13, 14 & 16

BFD S - 2011 2 Society each fund

BFD S - 2012 1 MAC Fertilizers Computation of current WACC and risk adjusted (project specific) WACC 19
(a) Computation of risk and return on investment in UAE or Bangladesh (b)
Discuss the view of directors about investments © Discussion of additional
BFD W - 2012 5 EFO Pakistan Ltd. factors before taking final decision 19
BFD W - 2013 6 Paramount Industries Ltd. Project evaluation using portfolio theory and CAPM 12
BFD S - 2014 5 (a) Sailent Engineering Ltd. Computation of existing WACC for the month of May 2014 9
(a) Preparation of revised portfolio of provident fund and its expected return
BFD S - 2015 3 Azad Textiles Ltd. (b) Comparison of revised portfolio risk and return with existing portfolio 18
(a) Difference between systematic and unsystematic risk (b) Determination of
expected return and systematic risk of proposed investment © Evaluating the
BFD W - 2015 4 Akhtar impact of company's decision making on investors' risk and return 15
BFD S - 2010 3 NS Technologies APV, its advantages over WACC and investment appraisal using APV 16
Situations under which adjusted present value (APV) is suitable, evaluation of
BFD W - 2014 4 SSG Ltd. project by using APV 16
Selection of optimal capital structure based on profit, net assets value, cash
BFD S - 2016 1 Golden Industries Ltd flow position 25
17 9.05% 261
BFD S - 2008 2 (a) Fiaz Ltd. Market price of Fiaz Ltd's equity and TFCs 6
Mergers, Acquisition and

(a) Evaluation of demerger scheme on the basis of DCF method (b) Additional
20
BFD S - 2008 5 Hali Ltd. information required for better decision making
Business valuation
Chapter 17 & 18

BFD S - 2009 4 MNO Chemicals Acquisition decision from two companies 21

BFD W - 2009 3 Tarbella Enterprises Calculation of maxiumum price for target company using DCF method 13
Management buyout - Debt equity ratio covenant verification for commercial
BFD W - 2009 4 Bannu Holdings bank financing and investment bank financing 24
(a) Value of target company using DCF method (b) computation of synergy
BFD S - 2010 2 MK Ltd. effect 25
(i) Types of synergies (ii) Total value of bid at current market price, EPS after
acquisition (iii) Evaluation of zero coupon debentures as purchase
BFD W - 2010 1 Platinium Ltd. consideration 15

ABDUL AZEEM SKANS SCHOOL OF ACCOUNTANCY

abdulazeemeducationist@gmail.com BFD PAST PAPER ANALYSIS CA FINAL COMPENDIUM
 TOPICWISE ICAP PAST PAPER ANALYSIS - CFAP 4 (BFD/MAC)
SUMMER 2008 - WINTER 2016
STUDY TEXT BFD/
TOPICS MAC ATTEMPT Q# NAME DESCRIPTION OF QUESTIONS MARKS
(Weightage) PAPER

a (i) Calculation of WACC (ii) Value of company using FCF method (b)
BFD W - 2010 5 Cooper Industries Ltd. Comaprison of three options and recommendations 23
Determine the purchase consideration that ARA should be willing to pay for
BFD S - 2011 5 ARA Venture Capital Ltd. the acquisition of 60% shares in PUN 25
(a) Selection of purchase consideration from entire debt and 60:40 debt equity
ratio (b) Other matters to be considered and impact on debt equity ratio,
BFD S - 2011 6 URD Pakistan Ltd. market price 17
(a) Bid price that ISL may offer for acquisition of APPL (b) Impact of
BFD W - 2011 3 Ibn - Seena Ltd. acquisition on wealth of shareholders after 5 years. 20
(a) Two advantages and disadvantages of growth by acquisition (b) Optimal
sales level to maximise profit and amount of cash flow gap at optimal level of
BFD S - 2012 FF Internationals sales © bid price that FFI may offer for acquisition of CSL
Mergers, Acquisition and Business valuation

4 30
(a) (i) Share price after takeover (ii) cost of equity of merged entity (b) Discuss
the bid from the point of view of shareholders of IJQ including the concerns
BFD W - 2012 3 GHP Ltd. raised by Mr. Danish 18
(a) WACC of both companies after demerger (b) Evaluation of demerger
BFD W - 2012 4 KLR Ltd. scheme using FCF method 25
Chapter 17 & 18

Analyse each of the three alternatives relating to issuance of debentures and

BFD S - 2013 2 (b) Harappa Pakistan Ltd. circumstances of suitability 13
(a) Maximum price that TPL may pay for the acquisition of DPL (b) (i)
Number of shares which TPL would be required to issue to the shareholders of
DPL as price consideration (ii) Benefits accured to exiting shareholders of TPL
BFD S - 2013 5 Taxila Power Ltd. and DPL (iii) Other relevant factors for acquisition of DPL by TPL 25
Maximum price that MGL may offer for the acquisition of entire shareholdings
BFD S - 2014 1 Modern Garments Ltd. of ETML - a foreign subsidiary 18
BFD S - 2014 3 Grand Power Ltd. Evaluation of dividend withholding or market borrowing 17
Effect of the above investment on SEL's share price under each of three types
BFD S - 2014 5 (c) Sailent Engineering Ltd. of market hypothesis. 5
BFD W - 2014 6 Insaaf Chemicals Ltd. Evaluate the proposal of acquisiton on the basis of different factors 20
(a) Range of market values using different valuation methods and limitations
(b) Most suitable price for IPO © Other matters that should consider before
BFD S - 2015 2 Ajar Cement (Pvt) Ltd. deciding to list the company 24
BFD W - 2015 1 National Airline Ltd. Bid price for acquisition of 40% stake in NAL by using FCF method 21
Management buyout - Debt equity ratio covenant verification by using
BFD W - 2015 2 Ryan Group multiple sources of financing and discussion of difficulties in MBO 15
(a) Share exchange ratio and its acceptability to both shareholders (b)
BFD S - 2016 2 Violet Telecom Ltd. Additional factors to be consdiered for proposed acquisition 17
(a) Evaluation of proposed acquisition for shareholders of both companies
under weak efficient and strong efficient market hypothesis (b) Other factors
BFD W - 2016 5 Mangal Ltd. which may influence the interests of shareholders 20
25 16.55% 477
Recommendation of international investment in Bangladesh and Sri Lanka via
Investment Decision

BFD W - 2010 4 Gold Ltd. subsidiary 24

(a) net present value of foreign investment project and its viablity (b)
Interational
Chapter 20

Identification of risks and uncertinities in foreign investment © Strategies to

BFD W - 2011 5 Ghazali Ltd. counter the risks of increase in local taxes and exchange controls 20
Evaluation of introducing low quality products in local market or importing
variety of plastic products from China using NPV, IRR, MIRR, DPP with
BFD S - 2012 3 Beta Ltd. comments 17
BFD W - 2015 6 Sandra Ltd. Evaluation of investment in plant to assemble a vehicle (Ferris) 22
4 2.88% 83
(a) Six monthly interest payment under interest rate swap (b) Amount
Management
Interest Rate
Chapter 24

BFD W - 2008 3 Imran Ltd. receivable or payable by each party in swap during first six months 10
BFD W - 2010 2 (b) Silver Ltd. (b) Hedging of interest rate risk on lending via interest rate futures 10
Risk

(a) (i) Net interest payable or receivable under interest rate swap (ii) Merits and
demerits of interest rate swap (b) Hedging of interest rate risk using interest rate
BFD W - 2016 1 Ramzi Corporation futures 17
3 1.28% 37

ABDUL AZEEM SKANS SCHOOL OF ACCOUNTANCY

abdulazeemeducationist@gmail.com BFD PAST PAPER ANALYSIS CA FINAL COMPENDIUM
 TOPICWISE ICAP PAST PAPER ANALYSIS - CFAP 4 (BFD/MAC)
SUMMER 2008 - WINTER 2016
STUDY TEXT BFD/
TOPICS MAC ATTEMPT Q# NAME DESCRIPTION OF QUESTIONS MARKS
(Weightage) PAPER
9
Profit & loss under forward cover for on time shipment,delayed shipment and
Foreign Currency Risk Management

BFD S - 2008 6 Momin Industries Ltd. cancelled shipment 17

Computation of net receipt or payment under forward cover and money market
BFD W - 2009 6 Qalat Industries Ltd. hedge 12
Chapter 19, 21,22,23

BFD W - 2010 2 (a) Silver Ltd. US $ net receipt hedging using Forward cover and money market hedge 10
(a) Net payment or receipt after hedging under forward contract and money
market hedge (b) Demonstrate how multilateral netting might be beneficial to
BFD W - 2011 4 Khaldun Corporation Khaldun 14
Selection of best foreign currency risk hedging method from forward contract,
BFD S - 2012 5 Alpha Automobiles Ltd. money market, currency futures and currency options 14
BFD S - 2013 3 Shariq Holdings Ltd. Foreign currency risk hedging by using forward contract and futures 11
BFD W - 2013 3 Finest Holding Co. Ltd. Demonstrate how multilateral netting might be of benefit to FHCL. 7

BFD S - 2015 6 Zain Exporters Enterprise Profit & loss under forward cover for on time shipment and delayed shipment
BFD W - 2015 3 Wonder Limited Advise and devise a hedging strategy for WL and ME 10
9 3.30% 95
(a) Calculate minimum amount of equity to be issued to comply with TFCs
covenant (b) Calculation of right share ratio, price of right share and impact on
BFD S - 2008 3 Jalib Ltd. market price 15
(a) Amount of equity required to be injected to maintain debt equity ratio (b)
BFD W - 2008 1 Shoaib Investment Ltd. Computation of % holding of single large investor for part( a) 13
BFD S - 2009 1 ABC Ltd. Recommendation about local currency loan vs foreign currency loan 20
Sources of Finance and Dividend Policy

(a) Right shares ratio (b) Right share offer price © Theoretical ex-right price (d)
BFD W - 2009 5 Sajawal Sugar Mills Ltd. Value of each right 17
(a) Estimation of dividend amount under existing payout policy (b) Evaluation
BFD S - 2010 1 YB Pakistan Ltd. of loan repayment after five years 22
Chapter 12 & 15

(a) Theoretical ex-right price, value of right and price after one year (b) Why
BFD S - 2010 5 PSD Engineering Ltd. issue of TFCs is expected to result in fall in price to earning ratio 17
(a) Amount of sales in next year to maintain existing financial leverage and
effect on operating leverage (b) Selection of one product on the basis of
BFD S - 2011 1 GER Auto Parts Ltd. operating and financial leverage. 15
(a) Argument of Dividend Irrelevance Theory (b) Estimation of price by using
BFD W - 2011 1 Al-Ghazali Pakistan Ltd. MM dividend irrelevance theory © Justification of MM theory 15

(a) Amount raised by issue of debt and equity (b) Number of right shares and
BFD W - 2012 1 ABM Ltd. ex-right price © Whether debt equity ratio would remain within threshold? 18
BFD S - 2013 2 (a) Harappa Pakistan Ltd. Seven factors for credit rating of debt instrument 7
BFD S - 2014 5 (b) Sailent Engineering Ltd. Evaluation of equity or debt finance for new investments 11
Using FCFE, discuss the company's decision for 2014 and evaluate the
BFD S - 2015 4 Target Company Ltd. directors' plan to increase dividend payment 15
BFD W - 2015 5 Impression Home furnishing (a) Amount to be raised by issue of debt and equity (b) Increase in PBIT 15
BFD S - 2016 4 Modern Vehicles Ltd. Evaluation of local and international financing options 24
14 7.77% 224
MAC W - 2008 6 RS Enterprises Forecast profit statement for the year ending 30th November, 2009 16
MAC S - 2010 1 Shahid Footwear Budgeted profit and loss for year 2010 - 11 16
Forecasting and Budgeting

MAC S - 2010 3 Abdul Habib Ltd. Cash requirements for first two quarters 17
(a) Total budgeted profit under present situation and under the
MAC W - 2010 1 Umair Enterprises recommendations of consultant (b) Discussion of other factors 20
Chapter 25

MAC W - 2011 3 Takneek Co. Ltd. Monthwise cash flow for the project 14
MAC W - 2012 1 SGL Ltd. Projected cash flow statement for the year ending 31st December, 2013 17
MAC W - 2013 6 Beta (Pvt.) Ltd. Budgeted profit and loss for year 2013 - 14 20
MAC S - 2014 1(b) SMPL Construction Statement showing monthly cash flows relating to first 8 months of project 18
MAC W - 2014 4 Cinemax Ltd. Budgeted P&L for first year of operation 16
MAC W - 2015 5 (b) N/A Advantages of zero based budgeting 3
MAC S - 2016 6 Company A Monthwise cash budget for July, August & September 20X6 20
MAC W - 2016 1 ABC Ltd. Budgeted profit and loss account for the year 2017 23
12 6.94% 200

ABDUL AZEEM SKANS SCHOOL OF ACCOUNTANCY

abdulazeemeducationist@gmail.com BFD PAST PAPER ANALYSIS CA FINAL COMPENDIUM
 TOPICWISE ICAP PAST PAPER ANALYSIS - CFAP 4 (BFD/MAC)
SUMMER 2008 - WINTER 2016

STUDY TEXT BFD/

TOPICS MAC ATTEMPT Q# NAME DESCRIPTION OF QUESTIONS MARKS
(Weightage) PAPER

MAC S - 2008 4 Nihal Ltd. Actual cost of material used, mix and labour cost variances 20
Standard Costing & Variance Analysis

MAC S - 2009 2 AMAX Ltd. Computation of 8 variances and contribution reconciliation statement 18
MAC W - 2009 3 Wahid Ltd. Material price, usage, mix and yield variances 18
(a) Calculation of sales price, volume, material price, mix, yield, labour rate
MAC S - 2011 1 Mubin Ltd. and efficiency variances (b) Causes of variances 20
Chapter 26 & 27

Calculation of sales volume , sales price and labour efficiency variances with
MAC W - 2011 2 Sanatkar Ltd. bifuration into planning and operational variances 16

(a) Differnece between fixed overheads variances under absorption costing and
MAC W - 2012 6 Ancient Pharma Ltd. marginal costing (b) Profit reconciliation statement under absorption costing 20
MAC S - 2013 7 A Company Material price, usage, mix and yield variances 7
MAC S - 2014 1 (a) SMPL Construction Four criticisms on standard costing system 4
MAC W - 2014 2 Umair (Pvt) Ltd. Material price, usage, mix and yield variances 12
MAC S - 2016 6 Adil Ltd. Journal entries of standard costing with process costing concepts 20
Variances calculation and contribution reconciliation statement using planning
& operational variances 17
BFD W - 2016 4 Smart Ltd.
11 5.97% 172
MAC S - 2010 6 Emmad Ltd. (a) Profit maximisation price (b) Minimum price acceptable to Faisalabad 22
Transfer
Pricing
Ch: 28

MAC S - 2012 4 (b) Sky Ltd. Minimum transfer price for component Beta 3
MAC S - 2014 3 Sigma Ltd. (a) Profit maximisation of company (b) Determination of transfer price 16
MAC S - 2016 1 Alpha (Pvt) Ltd. Most feasible plan for company giving priority to product Z 12
4 1.84% 53
MAC S - 2008 2 Yousaf Aziz & Company Working capital at the end of year 15
Management

MAC W - 2009 1 Zain Ltd. Working capital requirment 18

Working
Capital
Ch: 29

MAC S - 2011 2 Punjnad Juice Company Projected working capital requirment for two years 15
MAC S - 2014 2 ABC Ltd. Evaluation of working capital revision policy 15
Minimum increase in running finance limit which company should seek from
MAC S - 2015 4 Riaz Ltd. bankers 13
MAC W - 2010 3 Faheem Ltd. (a) Optimal reorder level (b) EOQ with bulk quantity discount 16
Ch: 30

Stock

MAC W - 2013 1 Alpha Motors (a) EOQ (b) Optimal safety stock of component Y 14
MAC W - 2014 1 Owais Ltd. (a) EOQ, Total Cost (b) Revised safety stock level 16
MAC S - 2016 3 Efficient Company Ltd. (a) Stockout cost (b) Revised EOQ © Limitations of EOQ model 15
MAC W - 2008 4 XYZ & FGH Ltd. Evaluation of financing from factor or bank loan 15
Debtors
Ch : 31

MAC S - 2009 6 Ahmed Sons (Pvt) Ltd. Evaluation of factor finance, bank loan or losing cash discount 12
MAC S - 2012 6 Zen Trading Ltd. Evaluation of factoring proposal 15
MAC S - 2013 1 ABC Ltd. Evaluation of early settlement discount and charging penalty for late payment 18
MAC W - 2015 2 Alpha Trading Company Evaluation of working capital financing and increase in profit 16
MAC W - 2016 4 Alpha Ltd. Financing rate at which loan acquisition would be feasible 15
(a) Difference between aggressive and conversative strategies of working
Ch : 32

capital financing (b) Analysing the proposed working capital financing strategy
Cash

BFD W - 2013 5 Top Generator Pakistan Ltd. and its consequences 14

(a) Maximum growth in sales (b) Financing requirement to achieve sales of Rs.
BFD W - 2014 2 AQR (Pvt) Ltd. 100 million 12
Evaluation of most appropriate working capital strategy with significance of
BFD S - 2015 5 Ultra Comfort Footwear each policy 10
18 9.16% 264
(a) Evaluation of existing and proposed options for each vehicle (b) Sensitivity
BFD S - 2014 4 Pioneer Steel Mills Ltd. of average running per day, fuel efficiency and fuel price 23
(a) Additional finance required to achieve growth in sales (b) Maximum
Misc.

BFD W - 2008 2 Financial planning growth without and with external finance 14
Analyse the loan substitution option and give appropriate recommendations
BFD W - 2014 5 Energy Gen Ltd. for only year 2015 20
BFD S - 2009 3 DEF Securities Ltd. Evaluation of best strategy for American call option and European put option 12
4 1.98% 57

Total Questions 178 Total Marks 2883

ABDUL AZEEM SKANS SCHOOL OF ACCOUNTANCY

abdulazeemeducationist@gmail.com BFD PAST PAPER ANALYSIS CA FINAL COMPENDIUM