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F9

Accounts receivable management
Section C2d) of the F9 Study Guide states that candidates should be able to ‘discuss, apply and evaluate the use of relevant techniques in managing accounts receivable’.

Hedging techniques for interest rate risk
This article looks at Section G of the F9 Study Guide relating to the management of interest rate risk.

The capital asset pricing model – part 1
In the first of a three-part series of articles, we consider the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduces the asset beta formula.

The capital asset pricing model – part 2
This article describes how to apply the CAPM when calculating a project-specific discount rate to use in investment appraisal.

CAPM: theory, advantages, and disadvantages
In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM.

Management of foreign accounts receivable
This article focuses on foreign accounts receivable, which present some additional challenges to a business that are not present with domestic-based customers.

Business finance for SMEs
Also available as a podcast on iTunes
In this article, we consider potential finance sources that an SME could use, with a particular focus on the more modern sources of crowdfunding and supply chain financing introduced to the F9 syllabus and examinable from September 2015.

Equivalent annual costs and benefits
The calculation of equivalent annual costs is a tool that can be used by companies to assist in asset replacement decisions.

Myopic management
Also available as a podcast on iTunes
For many years, managers of large businesses have been accused of focusing on short-term rather than long-term performance. In this article by Peter Atrill, freelance academic and writer, we explore the causes of management short termism and the remedies available.

Business valuations
This article discusses the three broad approaches to business valuations – assets-based, income-based, and cash flow-based. 

Analysing the suitability of financing alternatives
This article suggests an approach for students to apply to a key area of the F9 syllabus before finishing with a worked example to demonstrate the technique discussed.

Introduction to Islamic finance
This article takes a look at Islamic finance, which has just been introduced to the F9 syllabus.

Business finance
Section E of the syllabus deals with business finance. This article covers types of finance, sources of finance and mix of finance.

Advanced investment appraisal
Investment appraisal is one of the eight core topics within F9 and it is a topic which has been well represented in the F9 exam.

Foreign currency risk and its management
A focus on the three types of currency risk – economic risk, translation risk and transaction risk.

Cost of capital, gearing and CAPM – part 1
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the first part of the article that looks at how a suitable discount rate can be calculated.

Cost of capital, gearing and CAPM – part 2
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the second part of the article that looks at how a suitable discount rate can be calculated.

Receivables collection
This article considers two methods a company could adopt in order to speed up the collection of cash from its customers.

Optimum capital structure
Is it possible to increase shareholder wealth by changing the capital structure?

Being an angel
Business angels are an important source of finance for smaller businesses. This article looks at the role that business angels play in providing finance, the way in which they approach making an investment, and the financial and non-financial returns that may be expected.

 

Study support videos

Exam question debrief
Andrew Mower, a tutor from Kaplan, provides a debrief of the December 2014 F9 exam focusing on Questions 2 (market price of convertible loan notes) and 5 (weighted average cost of capital – WACC).
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Business finance

Jo Ryan from BPP provides an overview of how to develop good exam technique for F9 questions.
Cannot access Youtube? Watch it here

Working capital management
Chris Walsh from Kaplan Financial outlines some useful ways to answer F9 exam questions on working capital management.
Cannot access Youtube? Watch it here

Lease or buy
Chris Walsh from Kaplan outlines some useful ways to answer ACCA Qualification F9 exam questions on lease or buy decisions
Cannot access Youtube? Watch it here

Advice for students retaking exams
This video is about turning your exam fail into a pass at your next attempt. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions.

Syllabus updates

Changes to the ACCA Qualification skills module, Professional level and Foundations in 2016–17
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement.

Changes to the ACCA Qualification and Foundation level in 2015–16
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement.

Exam technique

Untangling F9 terminology
Guidance to help explain commonly used terms in F9. We consider them in the context of a recent exam question to help you see how they are applied in the real world.

Multiple-choice questions
What you need to know about the multiple-choice questions (MCQs) in the paper-based exams for F4, F5, F7, F8 and F9 from December 2014.

F9 examiner's approach
A member of the F9 examining team outlines the structure of the financial management exam.

F9 – A guide to using the examiner’s reports
Guidance to help you if you are taking the F9 exam for the first time as this takes you through how to use the examiner’s reports as part of your revision phase as directed by the self-study guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

F9 – A guide to reflection for retake students
Guidance to help you if you are retaking the F9 exam as this takes you through the process of reflection using the examiner’s reports as directed in the retake guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

Last updated: 12 Sep 2016