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Subject: Clarification and Resolution Request for Errors in CA Final Nov 2024 - Paper 2 (Advanced Financial Management)
Dear Sir/Madam,
I am writing to bring to your attention certain errors and ambiguities encountered in the CA Final Nov 2024 examination, specifically in Paper 2 - Advanced Financial Management. I hope this letter will help initiate a prompt resolution to these concerns.
Below are my details for your reference:
- Name :
- Registration Number :
- Roll Number :
- Email ID :
- Mobile Number :
Observations and Concerns:
Q2(b)
The discount rate necessary for calculating the present value is missing. This omission created confusion and hindered the ability to accurately respond to the question.
Q5(a)
- The question provided two discount rates, 15% and 12%, but did not specify which rate pertains to the Rupee and which to the Dollar, causing significant ambiguity.
- Although the question states that there is no salvage value, a net surplus of 1858.08 lakhs is mentioned as receivable after the project closure (post-5 years). If this amount is not intended as salvage value, it may be expected as the NPV. However, this interpretation also seems improbable given it is receivable after 5 years.
- Additionally, the question requests the calculation of the recommended forward rate but does not clarify if this calculation is required for each year, further complicating the interpretation.
- Due to these ambiguities, a considerable amount of time was lost attempting to decipher the intent of the question.
With all due respect, I kindly request that my observations be taken into consideration for the above-mentioned questions. I trust in the diligence and professionalism of ICAI to address these concerns and ensure a fair outcome for all candidates affected by these ambiguities.
Thank you for your time and consideration.
Regards,
[Your Name]
examfeedback@icai.in
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