CMA Study Group

Dear All,

Requesting some inputs from candidates who have already pursued Part 2 or currently preparing for the same.

Does the exam actually have problems on calculating IRR? While its quite easy on spreadsheet, and I am aware of the IRR concept, do I still need to purchase the recommended calculators from Wiley or Gleim to do these calculations?

Since I know how to calculate NPV problems on normal calc, was just wondering if purchasing a new calc only for IRR (and that too really if we need to solve these problems in the exams?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Dear Abdul,

You will be permitted to take only normal calculator.

As you know to calculate NPV in normal calculator then its easy for you to get the range in which IRR comes. IRR is the rate in which NPV becomes ZERO. so just check 2 or 3 discount rates which will bring your NPV near Zero.

To Get exact IRR you can use this formula.


------------------------------
Mohammed Nadeem
Accountant
Vi Sigma Apparel Group FZE
Abu Dhabi
United Arab Emirates
------------------------------

Original Message:
Sent: 04-27-2021 02:31 AM
From: Abdul Naser Parkar
Subject: IRR and NPV

Dear All,

Requesting some inputs from candidates who have already pursued Part 2 or currently preparing for the same.

Does the exam actually have problems on calculating IRR? While its quite easy on spreadsheet, and I am aware of the IRR concept, do I still need to purchase the recommended calculators from Wiley or Gleim to do these calculations?

Since I know how to calculate NPV problems on normal calc, was just wondering if purchasing a new calc only for IRR (and that too really if we need to solve these problems in the exams?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Dear Mohammed,

Thank you for your inputs.. This is helpful.. Will try it this way.

So the calculator recommended by Wiley, too isn't allowed at the exam site?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Original Message:
Sent: 04-29-2021 02:42 AM
From: Mohammed Nadeem
Subject: IRR and NPV

Dear Abdul,

You will be permitted to take only normal calculator.

As you know to calculate NPV in normal calculator then its easy for you to get the range in which IRR comes. IRR is the rate in which NPV becomes ZERO. so just check 2 or 3 discount rates which will bring your NPV near Zero.

To Get exact IRR you can use this formula.


------------------------------
Mohammed Nadeem
Accountant
Vi Sigma Apparel Group FZE
Abu Dhabi
United Arab Emirates

Original Message:
Sent: 04-27-2021 02:31 AM
From: Abdul Naser Parkar
Subject: IRR and NPV

Dear All,

Requesting some inputs from candidates who have already pursued Part 2 or currently preparing for the same.

Does the exam actually have problems on calculating IRR? While its quite easy on spreadsheet, and I am aware of the IRR concept, do I still need to purchase the recommended calculators from Wiley or Gleim to do these calculations?

Since I know how to calculate NPV problems on normal calc, was just wondering if purchasing a new calc only for IRR (and that too really if we need to solve these problems in the exams?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Original Message:
Sent: 4/29/2021 4:23:00 AM
From: Abdul Naser Parkar
Subject: RE: IRR and NPV

Dear Mohammed,

Thank you for your inputs.. This is helpful.. Will try it this way.

So the calculator recommended by Wiley, too isn't allowed at the exam site?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Original Message:
Sent: 04-29-2021 02:42 AM
From: Mohammed Nadeem
Subject: IRR and NPV

Dear Abdul,

You will be permitted to take only normal calculator.

As you know to calculate NPV in normal calculator then its easy for you to get the range in which IRR comes. IRR is the rate in which NPV becomes ZERO. so just check 2 or 3 discount rates which will bring your NPV near Zero.

To Get exact IRR you can use this formula.


------------------------------
Mohammed Nadeem
Accountant
Vi Sigma Apparel Group FZE
Abu Dhabi
United Arab Emirates

Original Message:
Sent: 04-27-2021 02:31 AM
From: Abdul Naser Parkar
Subject: IRR and NPV

Dear All,

Requesting some inputs from candidates who have already pursued Part 2 or currently preparing for the same.

Does the exam actually have problems on calculating IRR? While its quite easy on spreadsheet, and I am aware of the IRR concept, do I still need to purchase the recommended calculators from Wiley or Gleim to do these calculations?

Since I know how to calculate NPV problems on normal calc, was just wondering if purchasing a new calc only for IRR (and that too really if we need to solve these problems in the exams?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------

Hi Muhammad.

I'm interested in the BA Plus Prpfessional. Where did you read that is not allowed by IMA?

Thanks

------------------------------
Roberto Maia
Controller
San Ramon CA
United States
------------------------------

Original Message:
Sent: 05-01-2021 04:07 AM
From: Muhammad Usman Cheema
Subject: IRR and NPV

Hi,

As per IMA, BAII Plus is allowed in the Exam. However, I bought BA II Plus Professional and that was not allowed as per IMA., and it's always advisable to use this calculator instead of a manual calculator, it will save your time on the exam and energy.

Regards,

M. Usman

Original Message:
Sent: 4/29/2021 4:23:00 AM
From: Abdul Naser Parkar
Subject: RE: IRR and NPV

Dear Mohammed,

Thank you for your inputs.. This is helpful.. Will try it this way.

So the calculator recommended by Wiley, too isn't allowed at the exam site?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar

Original Message:
Sent: 04-29-2021 02:42 AM
From: Mohammed Nadeem
Subject: IRR and NPV

Dear Abdul,

You will be permitted to take only normal calculator.

As you know to calculate NPV in normal calculator then its easy for you to get the range in which IRR comes. IRR is the rate in which NPV becomes ZERO. so just check 2 or 3 discount rates which will bring your NPV near Zero.

To Get exact IRR you can use this formula.


------------------------------
Mohammed Nadeem
Accountant
Vi Sigma Apparel Group FZE
Abu Dhabi
United Arab Emirates

Original Message:
Sent: 04-27-2021 02:31 AM
From: Abdul Naser Parkar
Subject: IRR and NPV

Dear All,

Requesting some inputs from candidates who have already pursued Part 2 or currently preparing for the same.

Does the exam actually have problems on calculating IRR? While its quite easy on spreadsheet, and I am aware of the IRR concept, do I still need to purchase the recommended calculators from Wiley or Gleim to do these calculations?

Since I know how to calculate NPV problems on normal calc, was just wondering if purchasing a new calc only for IRR (and that too really if we need to solve these problems in the exams?


------------------------------
Abdul Naser Parkar
Analyst
Al Nasr, Al Sadd Doha
Qatar
------------------------------