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For all I know, you can’t. I have noticed however that there is a CBE Dec 2016 F9 is available on the ACCA F9 study material page.
The ACCA do not publish every exam. Usually they publish extracts every six months from the previous two exams.
However they published the whole of the September 2016 exam (because of the change in exam format) which is why they have not published the December 2016 exam.
Rather than simply using past exams, you must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam-standard questions (in the current exam format) for practice, and practice is vital if you are to pass the exam.
Swap Co is due to receive goods costing $2,500. The terms of trade state that payment must be received within
three months. However, a discount of 1·5% will be given for payment within one month.
Which of the following is the annual percentage cost of ignoring the discount and paying in three months?
A=6·23%
B=9·34%
C=6·14%
D=9·49%
The correct response is as follows:
D
If the discount is accepted, the company must pay $2,462·50 at the end of one month.
Alternatively, the company can effectively borrow the $2,462·50 for an additional two months at a cost of
$37·50.
The two-month rate of interest is therefore 37·50/2,462·5 x 100 = 1·5228%
The annual equivalent rate (AER) = (1 + 0·015228)^6 – 1 = 0·0949 or 9·49%
My Question:
I want o know how the six (6) in the last sentence came about.There are 6 two-month periods in a year (12/2) and therefore 1 + R = (1 + r)^6 – 1 (where R is the annual rate and r is the 2 monthly rate)
The CBE format exams were published for September and December 2016 because CBE was new.
However in future they will only be publishing a sample of the questions every six months (as before), so next time they publish any will be after the June exam (containing a sample of questions from the March and June exams).
(They will not be able to publish the actual CBE exams anyway because in future everyone sitting a CBE exam will get different questions from each other 🙂 )
For December 2016 that was indeed the case.
However it will not be the case in future – the questions in the CBE exams will be picked at random by the computer (and there will be extra unmarked questions to make sure they an check it is fair for everyone). That is already the case for Papers F1 to F4.
Part of the reason is that you will be able to select morning or afternoon to take the CBE exam – both will be available – and they obviously can’t have people in the afternoon having the same questions as the people who took it in the morning 🙂
The paper exams (for so long as they remain available) will be the same for everyone, but gradually they will disappear complete when everyone has access to CBE exams.
I agree.
We will see what happens, but since there is still a paper-based exam I think they will just in future publish questions from Section C.
(It is much better anyway to practice questions in a Revision Kit from one of the ACCA approved publishers, rather than just using past exams.)
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