ACCA F9 - exam preparation for Dec 2014
description
Transcript of 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?
All rights reserved @cert-easy 2
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)
All rights reserved @cert-easy 5
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
All rights reserved @cert-easy 7
F9 Specimen Exam (Cont’d)
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
All rights reserved @cert-easy 8
F9 Specimen Exam (Cont’d)
OSection B (Cont’d)
O Question 2 (10 marks)
OBusiness valuation
OCalculate business value by market cap,
NAV, and P/E ratio
ODiscuss dividend growth model on valuation
All rights reserved @cert-easy 9
F9 Specimen Exam (Cont’d)
OSection B (Cont’d)
O Question 3 (10 marks)
ORisk management
ODiscuss the relationship between exchange
rate and interest rate/inflation rate
OCalculate forward market hedge and money
market hedge
All rights reserved @cert-easy 10
F9 Specimen Exam (Cont’d)
OSection B (Cont’d)
O Question 4 (15 marks)
O Investment appraisal
OCalculate NPV / IRR / ROCE for project
evaluation
ODiscuss whether the project is financially
acceptable
All rights reserved @cert-easy 11
F9 Specimen Exam (Cont’d)
OSection B (Cont’d)
O Question 5 (15 marks)
OBusiness finance
OCalculate equity value by dividend growth
model
OCalculate capital gearing and WACC
ODiscuss dividend policy affecting share price
All rights reserved @cert-easy 12
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
All rights reserved @cert-easy 13
The End
All rights reserved @cert-easy 14