1. Profile photo of hamzaharoon says

    So, Its End of the F9 Lectures, the best lectures up till now I ever saw, Thank you Sir John, Previously I made up my Mind to take P5 and P7 as Options later but Now I am Seriously thinking to Take P4 too as an additional, I never thought I would Love F9 This much only Because of YOU :) , If I Pass this Paper Insha’allah on First Attempt then It will be confirmed That I will take P4 in future :)

    • Profile photo of John Moffat says

      All of the exams for the past 4 years are worth looking at again (with less emphasis on the June 2013 exam – he does not usually repeat many things in the next exam).

      It would be wrong to suggest questions on specific topics – the examiner tests as much as he can in each exam.

      However, if you look at the exams for the last 4 years then he has covered in them just about everything he is likely to ask this time.

      • Profile photo of maat9 says

        thnaks ,,,,,but sir you have mentioned as these question,, ,. Are these listed below questions have worth,?,, they all are below 2008 past papers,,,,
        December 2002 – Q4 – Leaminger – Lease & Buy / Capital rationing
        June 2003 – Q1 – Springbank – NPV / ratios
        June 2003 – Q3 – Velm – working capital management
        June 2003 – Q4 – Tagna – efficient markets etc
        December 2003 – Q1 – Doe – working capital management
        December 2003 – Q3 – Basril – Capital rationing
        June 2004 – Q1 – Nespa – NPV etc
        June 2004 – Q2 – Blin – working capital management
        June 2004 – Q4 – Arwin – Gearing
        December 2004 – Q3 – Tirwen – rights issues etc
        December 2004 – Q5 – Umunat – risk and uncertainty
        June 2005 – Q1 (not part (d)) – ARG – NPV / foreign exchange
        June 2005 – Q4 – RZP – shareholders ratios
        June 2005 – Q5 – TNG – working capital management
        December 2005 – Q1 (not part (e)) – BFD – NPV etc
        December 2005 – Q4 – AGD – lease and buy
        December 2005 – Q5 – Thorne – cash budget
        June 2006 – Q1 – Merton – working capital / sources of finance
        June 2006 – Q5 – Charm – NPV
        December 2006 – Q1 – Hendil – sources of finance
        December 2006 – Q2 – Replacement / capital rationing
        December 2006 – Q3 – Anjo – working capital management
        June 2007 – Q1 (not part (e)) – GTK – NPV / sources of finance
        June 2007 – Q4 – TFR – sources of finance
        June 2007 – Q5 – PNP – working capital management / foreign exchange

      • Profile photo of John Moffat says

        All of those questions are worth doing (if you can find them).
        I was assuming that you had already worked through a Revision/Exam Kit and wanted to look at some again before the exam.

        First do attempt the recent exams – although it has been the same examiner throughout, it is best to be used to his current style of questions.

      • Profile photo of maat9 says

        i have done all above questions,,,,but few questions i have not found,,,, i wanted to ask that , at this situation , i have practiced more than , 30 questions,,,but i feel that i forget many rules and formulas,,, because you know 4 days left,,,,i cannot revise the all 30 questionss,,,,i am finding 4 to 5 questions which covers all syllabus ,,,, tell me which 4 to 5 past papers covers all f9,,,,,,iam waiting of your reply

      • Profile photo of John Moffat says

        There are not 4 or 5 questions that cover all the syllabus.
        Working through the recent papers is the best, concentrating more on the written parts, since that is likely to be 50% of the marks.

    • Profile photo of John Moffat says

      This is explained in the second paragraph of section 6.1.

      The profit or loss on the futures is always calculated as though it is 3 months interest and so it only protects for 3 months.
      Since the loan is for 6 months then they way we hedge the risk using futures it to increase the futures that we deal in.
      The amount of the futures deal is always the amount of the loan x length of loan/3

      (Remember that you cannot be asked calculations on this in F9 – as the lecture says, the examples are only there to illustrate how interest rate futures work)

    • Profile photo of John Moffat says

      The rule is that when we calculate the profit or loss on the futures, we calculate it as though we are calculating 3 months interest (because they are ‘3 month’ futures).

      So, we divide by 100 to make it a percent. However that would be a yearly interest. We divide by another 4 so that we have 3 months interest (there are 4 lots of 3 months in a year).

      I hope that makes sense. However, do appreciate that you cannot be asked calculations on this in Paper F9 – the example is only there to show you the idea – and so do not worry too much.
      In Paper F9 you can only be asked (as part of a question) to explain the idea behind using futures.

    • Profile photo of John Moffat says

      It is difficult to recommend because everybody finds different things easy or hard.

      P5 follows on from F5 (but with a lot more writing and fewer calculations). P7 follows on from Paper F8.
      It really depends a lot on how you found F5 and F8 – it might be sensible to choose the paper that follows from whichever you found easier of F5 and F8.

      Also, have a look at the past two or three real exams for P5 and P7 (on the ACCA website) to get a feel for the level of difficulty.

  2. avatar says

    I am very grateful that I have had a pleasure listening to all your F9 lectures. I have found them very helpful and thanks to you I better understand FM now. Sir, you are an exceptional example of what good teaching is. Thank you very much. Now, thinking of attempting P4! Best Regards,

  3. Profile photo of louis06111 says

    Sorry I have a problem with example 1
    In the line ‘profit on futures’
    Where does the figure come from?
    Can anybody help me please?
    I’m rather confused by that calculation.

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