acca f9 - exam preparation for dec 2014

ACCA (Paper F9)

Exam Preparation

for Dec 2014

By Ricky MA

All rights reserved @cert-easy 2014-

08

Summary

OWhat does “Paper F9” require?

OWhat is the new exam paper format?

OWhat are the hot topics?

OA quick review of the specimen exam paper

OHow should we prepare for the exam in

Dec?

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Objectives of F9

OAssumed to be a finance manager

OWhat are the functions of finance

manager?

O Investment decision

O Select investments with the highest return

O Financing decision

O Take financing option(s) with the lowest cost

O Dividend decision

O Retain sufficient resources for future development

and satisfy the investors as wellAll rights reserved @cert-easy 3

F9 Exam Format (New)

Oa 3-hour paper (with 15 min. reading time)

divided into two sections

OSection A (40 marks)

O 20 multiple choice questions (2 marks

each)

OSection B (5 questions with 60 marks in

total)

O 3 questions (10 marks each), and

O 2 questions (15 marks each)All rights reserved @cert-easy 4

Hot Exam Topics

OAnalysis of past 5 exam papers (on marks

allocation)


F9 Specimen Exam

OSection A (40 marks)

O 20 multiple choice questions (2 marks

each)

O 12 theories / 8 calculations

O Cover all 7 topics of the syllabus

O Theory question – select one or more

true/false statements

O Calculation question – straight-forward

result from financial data given

O Questions from every cornerAll rights reserved @cert-easy 6

F9 Specimen Exam (Cont’d)

OSection B (60 marks)

O 3 questions of 10 marks, and 2 questions

of 15 marks

O Questions cover all technical topics

O Required both calculation and discussion



OSection B (Cont’d)

O Question 1 (10 marks)

OWorking capital management

ODiscuss factors affecting working capital

policy

OCalculate whether we should accept the bulk

purchase discount





OBusiness valuation

OCalculate business value by market cap,

NAV, and P/E ratio

ODiscuss dividend growth model on valuation





ORisk management

ODiscuss the relationship between exchange

rate and interest rate/inflation rate

OCalculate forward market hedge and money

market hedge





O Investment appraisal

OCalculate NPV / IRR / ROCE for project

evaluation

ODiscuss whether the project is financially

acceptable





OBusiness finance

OCalculate equity value by dividend growth

model

OCalculate capital gearing and WACC

ODiscuss dividend policy affecting share price


Preparing for Dec Exam

OStudy the syllabus with good

understanding

OStrengthen your exam skills by doing

more exercises

OBalance your efforts on both

computational and discursive questions

OAlways keep good time management

OWork hard, be confident and don’t think of

re-try


The End


acca f9 - exam preparation for dec 2014

Education