ACCA F9 Exam Tips September 2015 session given below are just intelligent guesses from exam point of view provided by famous tuition providers.
After introduction of MCQ’s in ACCA F9 and other skill level papers, it is now important that you should prepare each and every area of syllabus thoroughly to maximize chances of success.
These ACCA Exam Tips will help you in questions other than MCQ’s while MCQ’s can come up from any area in exam so in order to get success you must cover the breadth of every topic and syllabus.
ACCA F9 Exam Tips:
ACCA Exam Tips for F9 Financial Management Paper for September 2015 session are given below by famous tuition providers
MCQ’s will be from any syllabus area
Some most frequently tested areas are
- Cost of capital
- Working capital
- Business valuations
- Sources of finance and financial ratios
- Foreign currency/interest rate management
Don’t just focus on numbers. Although the numbers are important, approx half of the marks are for the written elements. In the June 2010 paper more than 40% of the marks were available for writing more of a response to scenario.
20 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B to make sure that all aspects of the syllabus are examined. It is likely that some of the MCQs will test the financial management and objectives (ratio analysis, the concept of shareholder wealth) as well as economic environment and financial institutions topics (financial intermediation, fiscal and monetary policies). The efficient market hypothesis is likely to be tested here too.
But bear in mind that the whole point of setting MCQs is to test good coverage of the syllabus in the exam.
Q1 – Q3: Three 10 mark questions. The questions will be broken down into sub requirements and may also be based on a short scenario.
Areas expected to be tested in questions 1 to 3 working capital management (the impact of a change in credit period or accepting a factor’s offer), business or security valuations (assets method and earnings valuation), financial risk management (most likely in the form of currency risk but it is possible that interest rate risk is examined here).
Q4, Q5: Two 15 mark questions which will be broken down into sub requirements and be scenario based. These two questions will focus on these topics investment appraisal (likely to be an NPV with inflation and tax), working capital management and business finance (either an evaluation of financing options – interest coverage and gearing ratios are likely to be important here or a cost of capital calculation are most likely). Whichever of these three topics does not feature in question 4 or 5 will appear in question 1, 2 or 3.
The exam is written so that approximately 50% of the marks will be numerical in nature and the other 50% will be narrative (either knowledge or understanding in the case of multiple choice questions or requiring written answers in section B questions). You should not neglect your written skills. Try to explain your points in full sentences rather than simply leaving a bullet point answer.
At the beginning of the exam you are given 15 minutes “reading and planning” time. During this time you can read and annotate your question paper and so this is a perfect chance to make notes next to the information in the scenarios of things to include in your answer.
During this time you should also think about the order in which you will attempt the questions – start with your best question first but remember to watch your timing very closely – you seriously damage your chances of passing if you do not attempt all the questions set or if you significantly run out of time.
Presentation is important. It is up to you to make it easy for your marker to give you marks. It is your responsibility to convince the marker you deserve to pass, so make your computations, workings and narrative easy to follow.
– Read the examiner’s/exam teams articles – capital asset pricing model, myopic management , equivalent annual costs and benefits, business valuation, advanced investment appraisal, foreign exchange risk and its management, and introduction to Islamic finance.
- Bond valuation.
- Dividend policy.
– Discussion of the economic environment and the impact on interest and exchange rates.
– Working capital management.
– Investment appraisal & cost of capital.
– Business valuations.
– Risk management.
Manchester Metropolitan University (MMU)