ACCA F9 Exam Tips December 2016 session given below are just intelligent guesses from exam point of view provided by famous tuition providers. These exam tips must not be relied on totally. To increase chances of success in Exams you must prepare full breadth of syllabus and topics
ACCA F9 Exam Tips December 2016:
ACCA F9 Exam Tips December 2016 Session are given below by famous tuition providers
Part A: MCQs will be from any syllabus area.
Part B: Some frequently tested areas in the past were
- NPV with Inflation and Taxation
- Cash operating cycle
- Receivable, Payable & Inventory Management
- Financial Gearing
- Cost of Equity & Debt
- CAPM & MM
- Foreign Exchange Risk Management
- Interest Rate Risk Management
- Sources of Finance
Don’t just keep focusing on numbers. Although the numbers are important but approximately half of the marks are for the written elements. Prepare every topic thoroughly to increase chances of passing the exam.
ACCA F9 has a new exam format from the September 2016 exams onwards.
15 multiple choice questions worth 2 marks each. The MCQs will largely be knowledge based and will balance out the questions in Section B and C to make sure that all aspects of the syllabus are examined. It is likely that some of the MCQs will test your understanding of financial management and objectives (ratio analysis, the concept of shareholder wealth) as well as the 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.
Three 10 mark mini case-studies. Each case-study will be broken down into 5 separate 2 mark multiple choice questions (so 15 questions in total).
Areas expected to be tested in this section are 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), and financial risk management (most likely in the form of currency risk but it is possible that an aspect of interest rate risk is examined here)
Two 20 mark questions which will be broken down into sub requirements and be scenario based. These two questions will focus sections C,D and E. Section C is working capital management, section D is investment appraisal and is likely to feature NPV with inflation and tax. Section E is 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 section C is likely to appear in section B.
Section A – Multiple Choice Questions
- Do not waste time doing neat workings for calculation questions – your workings will not be marked. Only the answer on the answer sheet is marked. You should not attempt to justify or explain any of your answers.
- Look first for the short questions and those on topics you feel most happy with. All the questions carry 2 marks and so don’t waste time on a question that requires a lot of reading – come back to it later when you have finished the shorter questions.
- If you come across a question that you know little about, you might be able to eliminate one or two answers as being obviously wrong and this will improve your odds at guessing the correct answer. If you know nothing about a question, then staring at it will not make any difference – guess an answer and move on. A guess is always worthwhile.
- Watch your time. You should spend 72 minutes on Section A and no longer. You can always go back to it later if you find you have time left after completing Section B.
- Keep your eye on the clock and when there is 5 minutes left before the end of the exam stop what you are doing, and guess any of the Section A questions that you have not answered. To maximise you marks be sure to answer all 20 questions even if it means guessing several of them.
Section B – long form questions
- Make sure you write something for every part of every question. You are unlikely to be able to finish every part of every question – either because you run out of time or you get stuck – but you can always write something for each part. In the calculations, each part of the workings is marked separately, whether or not you have finished. In the written parts, each comment is marked separately.
Even if you can only think of one brief comment and get just one mark, that could turn a 49% fail into a 50% pass.
- For calculation parts of questions, show your workings neatly. It is the workings that get the marks (whether the final answer is right or wrong) but the marker can only give you the marks if they can follow what you are doing.
- For the written parts of questions, make sure that your writing is legible. (Before the exam day, ask someone if they can read your writing easily – if they can’t then consider printing the words!)
- For the written parts of questions, write each separate point on a new line (with a line space between points). If you write one long paragraph containing several points, then there is a danger that the marker will miss some of the points.
- Allocate your time. You should allow 18 minutes for each 10-mark question, and 27 minutes for each 15-mark question. There are 5 questions and submitting 5 questions all part finished will get you more marks than only submitting 4 questions and missing one question completely.
- Start each part of each question on a new page in the answer booklet (if you run out of pages they will provide an extra booklet!).
That way you can always go back to questions and be able to add more to your answer neatly, if you have time left at the end of the exam.
You do not have to attempt the questions in order or even every part within a question in order, but do make sure you make it clear at the top of the page which part of which question you are answering.