Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

F9 - anyone willing to share revision plan?

  • 09-05-2013 09:12PM
    #1
    Registered Users, Registered Users 2 Posts: 709 ✭✭✭


    I'm doing f9 home study and f7 in independent colleges.

    Just started revision classes for f7 and the lecturer handed out a revision plan and how to tackle the exam on the day.

    Would anyone have something similar for f9? About to get stuck into the papers but would appreciate if anyone has something like this that I can use as I feel I'm just going into the exam blind.

    Happy to share the revision plan for f7 if anyone is interested

    Many thanks


Comments

  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hi Frogstar, Im doing F7 and F9 aswell but studying from home. How are you finding it? What kind of things are on the revision plan you got for F7? I am on study leave from next week on and I plan to just concentrate on exam questions for the two weeks leading up to the exams and I just keep repeating questions until it sinks in.


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Just getting stuck into exam questions this week

    For f9, I'm finding it hard to get some structure. I don't find the syllabus overly difficult but there is a lot in it and it's hard to know what will come up so I'm not fully confident yet.

    F7 I find easier to. Study as we're guaranteed consol / preparation of financial accounts and interpretation in q1-3. Though I think I'll be time pressured in f7 as there is so much in just one question.

    Lecturer for f7 has us doing subs and associates in q1. Also we are doing a p+l as well as the sofp incase a p+l consol comes up

    For q2 he has us preparing a restatement question (came up years ago) rather than just the sofp. Also revising the adjustments to be revenue recognition/const contracts/fin instruments.

    More worried about f9 as I've put a lot in f7. I've looked at open tuition for f9 and have used some online lectures they have where they go through past exams. It's quite good


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    frogstar wrote: »
    Just getting stuck into exam questions this week

    For f9, I'm finding it hard to get some structure. I don't find the syllabus overly difficult but there is a lot in it and it's hard to know what will come up so I'm not fully confident yet.

    F7 I find easier to. Study as we're guaranteed consol / preparation of financial accounts and interpretation in q1-3. Though I think I'll be time pressured in f7 as there is so much in just one question.

    Lecturer for f7 has us doing subs and associates in q1. Also we are doing a p+l as well as the sofp incase a p+l consol comes up

    For q2 he has us preparing a restatement question (came up years ago) rather than just the sofp. Also revising the adjustments to be revenue recognition/const contracts/fin instruments.

    More worried about f9 as I've put a lot in f7. I've looked at open tuition for f9 and have used some online lectures they have where they go through past exams. It's quite good

    Yeah im finding f9 definitely harder. I have been looking at opentuition since I started studying I find it really good. Thanks for the tips for f7. F9 has so much in it alright hopefully it will start sinking in soon!!


  • Registered Users, Registered Users 2 Posts: 9 KaleidoJ


    Personally I found F9 is easier than F7. Read the Technical articles especially the ones written by the Examiner.
    I studied from home as well and I didnt do any cases in the revision book.
    Practice the past papers 3 times. Focus on the discussion parts(take the sentences in the official answer booklet).
    You will earn more marks for the analysis part.


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    How are you getting on Lovbnmoma?

    In still struggling with f9. I've done all the past papers. I'm a bit better on the discussion but I get stuck on the calculations ESP bus valuations. I just find there is so many ways for examiner to ask the same thing.

    I'm not too bad on f7 but that's mainly because we can be pretty much guaranteed q1, 2 and 3.

    I'm really looking forward to Friday when it's over as I've been off alcohol for the past month. A bottle of wine has my name on it!


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 443 ✭✭marizpan


    I'm studying f9 also.

    I've spent the last couple of days focusing on risk mgt-foreign currency/hedge. Next valuation!

    I am planning on not getting too worked up about some of the calculations and focusing more on discussion and analysis.
    I picked out where the easy marks are, then the medium marks and finally the hard marks and I'm working my revision around this.
    Some of the calculations aren't worth the time regards marks, where that time would earn easier marks spent else where.


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hiya im struggling with business valuation too its so complicated I find it so hard to get my head around it but im definitely gonna focus on the theory part a bit more cause I think thats what will get me through it. I really hope npv comes up and wacc im not too bad at that. Im panicking a bit now wondering do I have enough time to cram it all in!


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    frogstar wrote: »
    How are you getting on Lovbnmoma?

    In still struggling with f9. I've done all the past papers. I'm a bit better on the discussion but I get stuck on the calculations ESP bus valuations. I just find there is so many ways for examiner to ask the same thing.

    I'm not too bad on f7 but that's mainly because we can be pretty much guaranteed q1, 2 and 3.

    I'm really looking forward to Friday when it's over as I've been off alcohol for the past month. A bottle of wine has my name on it!


    Same exams this time Frogstar!
    I'm doing F7 and 9, pretty shaky on F7 if I'm being honest now. Just going to do as much as I can between today and Wednesday.

    Can't wait for Friday now.


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Think I'm over thinking some of the calculations. Some were only three marks but had nearly a full page in workings.

    Hoping npv, capm, wacc comes up. Seem to be on most papers but some have had more marks. Would be happy if they leave valuations off

    Optimistic, any part in particular you are struggling with on f7? I think it's easy enough to get through q1 and q2 by just lifting some numbers off the question, without actually doing any hard work. I also think q 3 ties in with a lot of what is done in f9.


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    frogstar wrote: »
    Think I'm over thinking some of the calculations. Some were only three marks but had nearly a full page in workings.

    Hoping npv, capm, wacc comes up. Seem to be on most papers but some have had more marks. Would be happy if they leave valuations off

    Optimistic, any part in particular you are struggling with on f7? I think it's easy enough to get through q1 and q2 by just lifting some numbers off the question, without actually doing any hard work. I also think q 3 ties in with a lot of what is done in f9.

    Ah no, I've just been shockingly lazy with it all! I just have to work through some questions and then lace through the IFRS's, I'm sure my cramming will pay off as it has done for the last four exams!

    One thing for F9 I've been told to watch out for is a full question on de-gear, re-gear, CAPM, WACC

    From what I can see, you're pretty much guaranteed a good NPV question, WACC and CAPM will come up somewhere at the very least if not in a full question with adjusted Betas (above)

    I think with the valuations (you mean with the dividend growth and price earnings ratios etc?)
    So far I've been okay with those having the EPS, PE ratio and Div growth model down

    If I pass these, I'm doing P1 at home and going to lectures for P2,. this time around i've been to no lectures so essentially doing them at home.

    http://acornprotutors.com/wp-content/uploads/P4AFM-SQB-Questions.pdf
    Scroll to Q12 called "Hotalot" - it's a full question on degearing, regearing - in part (a) ignore the "significance of alpha" - it's outside our syllabus

    http://www.scribd.com/doc/91191425/24/HOTALOT-CO

    That's the answer for it there as well, I actually thought there was a WACC in it but there's not.


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    Lovbnmoma wrote: »
    Hiya im struggling with business valuation too its so complicated I find it so hard to get my head around it but im definitely gonna focus on the theory part a bit more cause I think thats what will get me through it. I really hope npv comes up and wacc im not too bad at that. Im panicking a bit now wondering do I have enough time to cram it all in!


    You've absolutely loads of time - get the past papers, the theory questions - study and reword the ideal answers. After you've done that, go back and try to do them again, only looking at what you've written when you're stuck. Then read over everything in your new answers comparing them to your original notes. Then go back and try them again tomorrow.
    It's a lot to do - but put in a few hours, take a break, do a few more hours, etc

    Says he who is currently sitting posting on Boards instead of concentrating on F7


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Thanks for the regear example. I've done lots of revision questions but I don't think I did a regear one in them!

    At this time of night, can't look at the books. Will do study from 9-6 over the next few days.


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    frogstar wrote: »
    Thanks for the regear example. I've done lots of revision questions but I don't think I did a regear one in them!

    At this time of night, can't look at the books. Will do study from 9-6 over the next few days.

    No probs at all, will be putting in longer days myself! Eep.
    If I'm not talking to you, best of luck on Wednesday and Friday, and I'm sure we'll be fine! See you on the other side!


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hey thanks optimistic for that question ill definitely look at that one! God I cant wait til its all over on Friday! Im gonna watch a couple of open tuition lectures about the business valuation again hopefully it will sink in then.


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Best of luck tomorrow guys!


  • Registered Users, Registered Users 2 Posts: 766 ✭✭✭mkdon05


    .


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Good luck everyone.

    Getting nervous now!


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Well what did we think of f7?

    When I saw the paper I thought, good, I like this. But god I was all over the place with my answers. I forgot how time pressured this exam is. I spent most of my time watching the clock rather than actually thinking about what I was answering. I moved on if time was against me.

    Happy with q 3. 1+2 I thought were ok but the losses threw me a bit but I tried to move on and get the main parts down.

    4+5 should have been ok but I think I lost it at that stage and was just writing crap!

    Overall I think I may have scraped by. I don't think I could have done any more revision but I'm not happy with my technique


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hiya I was the same god I was so time pressured. It was the first exam where I struggled getting it finished. I haven't a clue how I did to be honest. Did ya get any of them to balance?


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Usually I have 15 mins or so but didn't on this, my hand kept cramping!

    Didn't balance any of them but that doesn't bother me, sure even if it balances it could still be wrong :)

    I'm wrecked now. I don't think I can manage looking at f9 tonight. So glad I have tomorrow to revise that


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    Very same, when I opened the paper I thought "This is an absolute gift" but then when getting stuck in, there were a good few little things that were throwing my train of thought
    I would say if I passed it'll be a 50-55% mark at the most.

    I was happy discontinued ops came up (despite having spent so long on revenue recognition last night) - I had the theory all but perfect, but quantifying it- I just hadn't the time.
    Question 5 - I might get some pity marks. I had some of the main points in the question, and i think I got the consolidated theory part of Q5 right as well.
    I'm a bit worried, but I'm glad it's over.

    Straight to Wallace's on Friday when I get out of there.
    Walked home today to clear the head and enjoy the sunshine a bit, long long walk!!


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    Oh and well done everyone for doing the paper, it's tough going. Don't think people who have never done it actually realise how much work goes into these exams and how much it takes out of you.


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    frogstar wrote: »
    Usually I have 15 mins or so but didn't on this, my hand kept cramping!

    Didn't balance any of them but that doesn't bother me, sure even if it balances it could still be wrong :)

    I'm wrecked now. I don't think I can manage looking at f9 tonight. So glad I have tomorrow to revise that

    nothing of mine balanced, but yeah, never anything to worry about, it's your methods that get you the marks in the end , not the exact correct figures.


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Yeah im absolutely shattered but I better do a bit this eve. Today kind of threw me I was so prepared for f7 not half as prepared for f9.


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Lovbnmoma there's a decent article in the student acct magazine from 2011/2012 that is helping me make sense of business valuations

    Worth a read if you havent read it yet


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Thanks do you access it via the website? Just getting stuck into the past papers now. Head is melted though!;-)


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Yep. Here it is. It's quite simple but my head was wrecked for awhile. I kinda understand it a bit better now

    http://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_feb12_f9_valuations.pdf

    There's a few more here. That reminds me I haven't looked at Islamic finance. Must read that!

    http://www.accaglobal.com/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f9/exams-f93.html


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    How's the nerves folks?
    Have to say, I'm feeling okay about this now.
    Although I felt okay about Wednesday too


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hiya! I was a bit stressed bout it earlier and now I couldn't care less just want it over with now! Just going over notes again now. Still not very confident about it. Any last min things to look at?


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    I get worried when I'm not worried!

    Went through all the past papers today and my notes

    Was iffy on a couple questions but plan to head in early tomorrow to attempt them again.

    Not sure I can handle another year and a half of this!


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    I've been concentrating on the theory for the last couple of hours

    I guess just be very confident in NPV's, be able to calculate the cost of debt for bonds, and cost of equity with capm - be comfortable with WACC and getting the market values of the debt and equity to use in the formula.

    Be able to explain the steps for risk adjusting a discount rate for a project outside of the normal business risk of the company (de-gear, re-gear, CAPM)

    Always be sure you're using the after tax costs of debt Kd(1-T) - watch out in case the question has already given you the after tax cost - although i can't see any more than half a mark being lost if you used the wrong cost of debt - it's all method, the marking schemes are all aimed at method.

    And the theory, go over past papers for all the part c's and d's that ask a question like "what are the aims of working capital management and how do they conflict?" - liquidity vs profitability, the strategies of aggressive, conservative and moderate/matching.

    You'll be fine though, and hopefully tomorrow is your last exam of the summer too? Have a deserved few drinks in the sun tomorrow evening!

    Best of luck! I'm sure I'll be back here tomorrow to discuss how it went!


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    There are some questions in the past papers that completely threw me, and I hope nothing like them come up. I'm very confident on the bulk of the questions - but all it takes is one of the ones i'm not happy with to come up. It's a risk.

    Once tomorrow morning hits, that's me done with study. I get too nervous if I have a look at books the morning of the paper!


  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Thanks for the advice! Yeah thank god its the last for summer. I had a look through the past papers there and was the same a couple of the questions threw me but I think I have the theory part in my head ok now. Well very best of luck tomorrow and hopefully we will get a good paper!


  • Registered Users, Registered Users 2 Posts: 709 ✭✭✭frogstar


    Well.... I thought it was ok.

    Didn't like q4 and kicking myself re q1 as I read about the fisher formula last nite and today but could I remember it! Nope

    After looking at OT I realise that I forgotten to include the bank loan in the wacc

    Ah well. Sitting in the hair dressers now getting my hair done for tonight!

    Enjoy! !


  • Registered Users, Registered Users 2 Posts: 657 ✭✭✭optimistic_


    Q4 was tough actually, and I hadn't gotten a lot done for exchange risk, thank God that was such a small part of the question it came up in!! Thought the rest was actually really ok, I'm much more confident in that than F7!
    If I pass both i think I'm going to home study the rest


  • Advertisement
  • Registered Users, Registered Users 2 Posts: 179 ✭✭Lovbnmoma


    Hiya I thought question 4 was hard too but the rest was grand. Im definitely more confident about that one than I am about f7 too. At least I got time to go over the answers with f9! Im now suffering today with an outrageous hangover but it was worth it. Dont know what to do with myself in the evenings now! I have studied all so far at home just did a revision course for f6 but done the rest at home. Hopefully onto the p papers in dec and will also do them at home.


Advertisement