ACCA F9 Financial Management BPP ... - Artlands resources

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ACCA Approved

Practice & Revision Kit

PFFoianrpaFeenxrrcaFeima9elsMbinoaSnoeakpgtseem.mpebknetr 2016, December

2016, March 2017 and June 2017

Valid for both paper and

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BPP Learning Media is an ACCA Approved Content Provider for the ACCA qualification.

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This means we work closely with ACCA to ensure our products fully prepare you for your ACCA exams.

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In this Practice & Revision Kit, which has been reviewed by the ACCA examination

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Discuss the best strategies for revising and taking your ACCA exams

O Ensure you are well prepared for your exam N Provide you with lots of great guidance on tackling questions

Provide you with three mock exams

Provide ACCA exam answers as well as our own for selected questions Our Passcards also support this paper.

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FOR EXAMS IN SEPTEMBER 2016, DECEMBER 2016, MARCH 2017 AND JUNE 2017

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Freebooks.pk First edition 2008

Ninth edition February 2016

ISBN 9781 4727 4441 8 (previous ISBN ) 9781 4727 2691 9 e-ISBN 9781 4727 4656 6

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AbouFtrtehies bProaoctkicse.p&kRevision Kit Freebooks.pk ACCA will start to transfer F5?F9 to computer-based examination (CBE), beginning with a pilot in limited markets in

September 2016. Students will initially have the choice of CBE or paper exams and as a result, changes will be made to BPP's learning materials to ensure that we fully support students through this transition.

This Practice & Revision Kit is valid for exams from the September 2016 sitting through to the June 2017 sitting and in this Practice & Revision Kit you will find questions in both multiple choice question (MCQ) and objective testing question (OTQ) format. OTQs include a wider variety of questions types including MCQ as well as number entry, multiple response and drag and drop. More information on these question types will be available on the ACCA website.

OTQs will only appear in computer-based exams but these questions will still provide valuable practice for all students whichever version of the exam is taken. These are clearly marked on the contents page as either CBE style OTQ bank or CBE style OT case.

In addition please note that the specimen paper-based exam paper has been included as Mock Exam 3 in this Practice & Revision Kit. The questions in Sections A and B are MCQ only whereas in the computer-based exam these sections will contain OTQs.

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At the time of going to print, ACCA had not yet announced the proposed duration of the computer-based exam and so all timings given throughout this Practice & Revision Kit are based on the paper-based exam which is 3 hours and 15 minutes long. Time management is a key skill for success in this exam and so we recommend you use these indicative timings when attempting questions.

ACCA are recommending that all students consult the ACCA website on a regular basis for updates on the launch of the new CBEs.

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Freebooks.pk About this Practice & Revision Kit

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CoFrneetbeonoktss.pk

Finding questions

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Question index ..................................................................................................................................................................v Topic index.....................................................................................................................................................................viii

Helping you with your revision......................................................................................................................ix

Revising F9

Topics to revise .................................................................................................................................................................x Question practice...............................................................................................................................................................x Passing the F9 exam ........................................................................................................................................................xi Exam formulae................................................................................................................................................................. xv

Freebooks.pk Freebooks.pk Exam information ..........................................................................................................................................................xvii

Useful websites ........................................................................................................................................................... xviii

Questions and answers

Questions ..........................................................................................................................................................................3 Answers...........................................................................................................................................................................73

Exam practice

Mock exam 1 Questions.............................................................................................................................................................173 Plan of attack .......................................................................................................................................................185 Answers ...............................................................................................................................................................186

Mock exam 2 (CBE style) Questions.............................................................................................................................................................199 Plan of attack .......................................................................................................................................................211 Answers ...............................................................................................................................................................212

Mock exam 3 (Specimen exam)

Freebooks.pk Freebooks.pk Questions.............................................................................................................................................................225

Answers ...............................................................................................................................................................237

Mathematical tables and formulae............................................................................................................245 Review form

iv Contents Freebooks.pk

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Freebooks.pk Freebooks.pk Question index

The headings in this checklist/index indicate the main topics of questions, but questions often cover several different topics.

Questions set under the old syllabus and exam format are included because their style and content are similar to those which appear in the F9 exam. The questions have been amended to reflect the current exam format.

Part A: Financial management function

Marks

Time

allocation Mins

Page number Question Answer

Section A Questions

1-5 MCQ bank ? Financial management and financial objectives

10

Freebooks.pk 6-15 CBE style OTQ bank ? Financial management and financial

objectives Section B Questions 16-20 ABC Co

20 10

Part B: Financial management environment

20

3

73

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Section A Questions

21-25 MCQ bank ? Financial management environment

10

20

8

75

26-30 MCQ bank ? Financial management environment

10

20

9

76

31-35 MCQ bank ? Financial management environment

10

20

9

76

36-40 CBE style OTQ bank ? Financial management environment 10

20

10

77

Part C: Working capital management

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41-45 MCQ bank ? Working capital 46-55 CBE style OTQ bank ? Managing working capital 56-60 CBE style OTQ bank ? Working capital finance Section B Questions 61-65 PKA Co (12/07, amended) 66-70 CBE style OT case Gorwa Co (12/08, amended) 71-75 CBE style OT case Cat Co Section C Questions 76 APX Co (12/09, amended) 77 ZSE Co (6/10, amended) 78 WQZ Co (12/10, amended)

Freebooks.pk 79 Bold Co (12/11, amended)

10 20 10

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12

77

39

13

78

20

14

80

10

20

16

81

10

20

17

81

10

20

18

82

20

39

19

83

20

39

20

85

20

39

20

87

20

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21

90

Question index

v

Freebooks.pk 80 Wobnig Co (6/12, amended)

81 KXP Co (12/12, amended) 82 CSZ Co (6/14, amended) 83 Flit Co (12/14, amended) 84 Widnor Co (6/15, amended)

20 20 20 20

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22

92

39

23

94

39

24

97

39

24

99

20

39

25

102

Part D: Investment appraisal

Section A Questions

85-94 MCQ bank ? Investment decisions

20

39

26

103

95-104 MCQ bank ? Investment appraisal using DCF

20

39

28

105

105-114 MCQ bank ? Allowing for tax and inflation

20

39

30

107

Freebooks.pk 115-119 CBE style OTQ bank ? Project appraisal and risk

120-129 CBE style OTQ bank ? Specific investment decisions Section B Questions 130-134 Sensitivity analysis

10 20

10

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32

109

39

33

110

20

35

112

135-139 CBE style OT case Trecor Co (Specimen paper 2007, amended)

10

20

36

113

140-144 CBE style OT case BRT Co (6/11, amended)

10

20

37

113

Section C Questions

145 Calvic Co

20

39

39

114

146 Project E (6/14, amended)

20

39

39

116

147 AGD Co (FMC, 12/05, amended)

20

39

40

118

148 Basril Co (FMC, 12/03, amended)

20

39

40

121

149 Filtrex Co

20

39

41

122

Freebooks.pk 150 Warden Co (12/11, amended)

151 BQK Co (12/12, amended) 152 Uftin Co (12/14, amended) 153 Hraxin Co (6/15, amended)

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41

124

39

42

126

39

43

128

39

44

131

Part E: Business finance

Section A Questions 154-158 MCQ bank ? Sources of finance 159-163 MCQ bank ? Dividend policy 164-173 MCQ bank ? Gearing and capital structure 174 -183 CBE style OTQ bank ? The cost of capital 184- 193 CBE style OTQ bank ? Capital structure

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10

20

45

133

10

20

46

134

20

39

47

135

20

39

49

136

20

39

51

138

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