Exam date:
Thursday 10
June 2010
Examiner: Antony Head
Paper F9
Financial Management
Paper F9 Syllabus
Exam formulae & maths tables
Past exam papers
Examiners' reports
Examiners' guidance
Technical articles
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F9 PDF Course notes June 2010 (To download Login/Register first)
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Video Lectures for Paper F9
Please download free course notes for these lectures.
- Introduction to Paper F9
- Chapter 3 Example 1
- Chapter 3 Funding of working capital
- Chapter 5 Introduction
- Chapter 5 Factoring / Example 1
- Chapter 5 Example 2
- Chapter 5 Example 1
- Chapter 5 Example 2
- Chapter 5 Example 3
- Chapter 5 Example 4
- Chapter 6 Introduction
- Chapter 6 Cash Budgets (Example 1)
- Chapter 6 The Baumol model (Example 2)
- Chapter 6 The Miller Orr model (Example 3)
- Chapter 7 Investment Appraisal - Introduction to Discounted Cash Flow
- Chapter 8 Relevant Cash Flows for DCF - Taxation
- Chapter 8 Relevant Cash Flows for DCF - Taxation - Example 3
- Chapter 8 Relevant Cash Flows for DCF - Taxation - Example 4
- Chapter 9 Capital Rationing (Example 1)
- Chapter 10 Investment Appraisal Under Uncertainty
- Chapter 11 Sources of Finance - Equity Introduction
- Chapter 11 Sources of Finance - Equity Example 1 part a
- Chapter 11 Sources of Finance - Equity Example 1 part b
- Chapter 12 Sources of Finance - Debt part a
- Chapter 12 Sources of Finance - Debt part b
- Chapter 12 Sources of Finance - Debt part c
- Chapter 12 Sources of Finance - Debt part d
- Chapter 13 Capital Structure & Financial Ratios Introduction
- Chapter 13 Capital Structure & Financial Ratios Example 1
- Chapter 13 Capital Structure & Financial Ratios Example 3
- Chapter 14 The Valuation of securities - Valuation of Equity (Example 1)
- Chapter 14 Non-constant dividends (Example 4)
- Chapter 14 Constant growth rate in dividends (Example 5)
- Chapter 14 The valuation of debt – irredeemable debt Example 7
- Chapter 14 The valuation of debt – Redeemable debt (Example 9)
- Chapter 16 The cost of capital - The cost of equity Examples 1 & 2
- Chapter 16 The cost of capital - Example 4
- Chapter 16 The cost of debt - Example 7 & 8
- Chapter 16 The cost of capital - WACC - Example 9
- Chapter 16 The cost of capital - WACC - Example 10
- Chapter 18 The "Traditional Theory" of gearing Example 1
- Chapter 18 MM theory of gearing - ignoring taxes Example 2
- Chapter 18 MM theory of gearing - with corporation tax Example 3
- Chapter 19 Capital Asset Pricing Model Business Risk Example 1
- Chapter 19 Capital Asset Pricing Model Quick Revision
- Chapter 19 Using CAPM for investment appraisal - Example 4
- Chapter 20 CAPM & MM Combined Example 1
- Chapter 20 CAPM & MM Combined Example 2
- Chapter 22 Foreign Exchange Risk Management - Examples 1 & 2
- Chapter 22 Methods of hedging transaction exposure
- Chapter 22 Forward contracts Example 3
- Chapter 22 Forward contracts Examples 4 & 5
- Chapter 22 Money market hedging Example 6
- Chapter 22 Money market hedging Example 7
- Chapter 22 Introduction to Currency Futures
- Chapter 22 Currency Futures Example 8
- Chapter 22 Options Example 9
- Exchange Market Example 1-2
- Forward Contracts Example 3
- Money Market Hedging Example 6
- Pilot Paper - Question 1
Examiners Recommended Reading
D Watson, A Head, Corporate Finance: Principles and Practice
A Griffiths, D Wall,Applied Economics
J Van Horne, J Wachowitz, Fundamentals of Financial Management
These books are recommended by the examiner . If you are having problems with a particular paper, or if you want to do extra reading out of interest, then you might them useful.
The most efficient way of obtaining them is from Amazon in the UK.
Paper F9 Course Notes
Please note that these course notes are not meant to replace study texts.
June 2010 F9 Course notes (PDF file) are available on forums >>>
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- EXAM FORMULAE & MATHS TABLES
- Chapter 1 - Financial management objectives
- Chapter 2 - The financial management environment
- Chapter 3 - Management of working capital (1)
- Chapter 4 - Management of working capital (2) – stock
- Chapter 5 - Management of working capital (3) – debtors and creditors
- Chapter 6 - Management of working capital (4) – cash
- Chapter 7 - Investment Appraisal - Methods
- Chapter 8 - Relevant Cash Flows for DCF
- Chapter 9 - Discounted cash flow – further aspects
- Chapter 10 - Investment appraisal under uncertainty
- Chapter 11 - Sources of finance – equity
- Chapter 12 - Sources of finance – debt
- Chapter 13 - Capital structure and financial ratios
- Chapter 14 - The valuation of securities – theoretical approach
- Chapter 15 - The valuation of securities – practical issues
- Chapter 16 - The cost of capital
- Chapter 17 - When (and when not!) to use the WACC for investment appraisal
- Chapter 18 - The cost of Capital- the effect of changes in gearing
- Chapter 19 - Capital Asset Pricing Model
- Chapter 20 - CAPM and MM Combined
- Chapter 21 - Forecasting foreign currency exchange rates
- Chapter 22 - Foreign exchange risk management
- Chapter 23 - Interest rate risk management
- Answers to Examples
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Paper F9 Revision Notes (pdf)
Sunil Bhandari contribution to OpenTuition
Audio Lectures for Paper F9
You can download these lectures and listen to them on MP3 player
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Listen on line to live lectures
- Introduction to Paper F9 (part 1)
- Introduction to Paper F9 (part 2)
- Chapter 3 - Management of working Capital (1)
- Chapter 3 - Management of working Capital (2)
- Chapter 5 - Debtors and creditors (Introduction)
- Chapter 5 - Debtors and creditors (Example 1)
- Chapter 5 - Debtors and creditors (Example 2)
- Chapter 5 - Debtors and creditors (Example 3)
- Chapter 5 - Debtors and creditors (Example 5)
- Chapter 6 - Cash (Introduction)
- Chapter 6 - Cash (Example 1)
- Chapter 6 - Cash (Example 2)
- Chapter 8 Example 1 (Relevant Cash Flows for DCF)
- Chapter 8 Example 2 (Working Capital)
- Chapter 8 Example 3 (Taxation part 1)
- Chapter 8 Example 3 (Taxation part 2)
- Chapter 8 Example 4 (Inflation)
- Chapter 9 - Discounted cash flow – further aspects (Example 1)
- Chapter 9 - Discounted cash flow – further aspects (Example 3a)
- Chapter 9 - Discounted cash flow – further aspects (Example 3b)
- Chapter 10 - Investment appraisal under uncertainty (Example 1a)
- Chapter 10 - Investment appraisal under uncertainty (Example 1b)
- Chapter 10 - Investment appraisal under uncertainty (Example 2)
- Chapter 11 - Sources of finance – equity (Introduction)
- Chapter 11 - Sources of finance – equity (Example 1)
To fully benefit from these podcasts please download our course notes below
F9 Revision Video Lectures
- Answers to Revision notes
Especially for our revision notes, access these 5 video lectures.
F9 Revision Lectures
- Working Capital - Receivables
- Past Exam Question "Special Gift Suppliers"
- Working Capital - Inventory
- Receivables management Pilot Paper "Ulnad"
- Working Capital Cash Management
- Cash Management Dec 2005 Past exam Question "Thorne"
- DCF - Net Present Value (part a)
- DCF - Internal Rate of Return (part b)
- Sources of Finance: Share valuation
- Sources of Finance: Rights Issue
- Sources of Finance: Value of Debt
- Capital Rationing
- Replacement
- Financial Ratios
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Past F9 Exam Questions for Practice
All Past F9 Questions are good for practice.
Here is a list of good for practice questions for Paper F9 from OLD paper 2.4 Syllabus
You can find all these exams on this ACCA page>>
December 2002 – Q4 – Leaminger – Lease & Buy / Capital rationing
June 2003 – Q1 – Springbank – NPV / ratios
June 2003 – Q3 – Velm - working capital management
June 2003 – Q4 – Tagna – efficient markets etc
December 2003 – Q1 – Doe – working capital management
December 2003 – Q3 – Basril – Capital rationing
June 2004 – Q1 – Nespa – NPV etc
June 2004 – Q2 – Blin – working capital management
June 2004 – Q4 – Arwin – Gearing
December 2004 – Q3 – Tirwen – rights issues etc
December 2004 – Q5 – Umunat – risk and uncertainty
June 2005 – Q1 (not part (d)) – ARG – NPV / foreign exchange
June 2005 – Q4 – RZP – shareholders ratios
June 2005 – Q5 – TNG - working capital management
December 2005 – Q1 (not part (e)) – BFD – NPV etc
December 2005 – Q4 – AGD – lease and buy
December 2005 – Q5 – Thorne – cash budget
June 2006 – Q1 – Merton – working capital / sources of finance
June 2006 – Q5 – Charm – NPV
December 2006 – Q1 – Hendil – sources of finance
December 2006 – Q2 – Replacement / capital rationing
December 2006 – Q3 – Anjo – working capital management
June 2007 – Q1 (not part (e)) – GTK – NPV / sources of finance
June 2007 – Q4 – TFR – sources of finance
June 2007 – Q5 – PNP – working capital management / foreign exchange
ACCA Paper F9 December 2009 Exam tips
Question 1
Weighted average cost of capital with CAPM / calculating an asset beta from an equity beta
Question 2
Forecasting future exchange rate (purchasing power parity) / management of exchange rate risk (forward contracts and money markets) / written on managing interest rate risk
Question 3
NPV question - probably Capital Rationing / written on limitations
Question 4
Management of receivables / calculation and comment on some ratios
Please Note
Tips are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.
