PAPER F9 - FINANCIAL MANAGEMENT - Study Text

Sep 17, 2026

Uploaded by Marry

Study Text for ACCA exam paper F9, Financial Management, approved by ACCA. Provides study strategies, maps each chapter to the syllabus and study guide, and includes exam-focused points showing what the examiner expects. Uses fast-forward summaries to emphasise key topics, quick quizzes to test retained knowledge, and an exam question bank to assess understanding. Includes a full index referencing important syllabus areas and supports PER alert guidance for practical experience requirements.

LanguageEnglish

CategoryExam

FormatPDF

Pages465

Reading Time19 h 32 min

AccessFree to download

Introduction

How the BPP ACCA-approved Study Text can help you pass your exams

The PER alert feature

Tackling studying

Developing exam awareness

Contents

Part A Financial management function

Part B Financial management environment

Part C Working capital management

Part D Investment appraisal

Part E Business finance

Part F Cost of capital

Part G Business valuations

Part H Risk management

Exam question bank

Exam answer bank

Index

PAPER F9 FINANCIAL MANAGEMENT S T U D Y T E X T In this edition approved by ACCA x We discuss the best strategies for studying for ACCA exams x We highlight the most important elements in the syllabus and the key skills you will need x We signpost how each chapter links to the syllabus and the study guide x We provide lots of exam focus points demonstrating what the examiner will want you to do x We emphasise key points in regular fast forward summaries x We test your knowledge of what you've studied in quick quizzes x We examine your understanding in our exam question bank x We reference all the important topics in our full index BPP's i-Learn and i-Pass products also support this paper. FOR EXAMS IN DECEMBER 2009 AND JUNE 2010 First edition 2007 Third edition June 2009 ISBN 9780 7517 6373 7 (Previous ISBN 9780 7517 4732 4) British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA [www.bpp.com/learningmedia](www.bpp.com/learningmedia) Printed in the United Kingdom Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated. © BPP Learning Media Ltd 2009 ii Contents Page Introduction How the BPP ACCA-approved Study Text can help you pass iv Studying F9 vii The exam paper and exam formulae viii Part A Financial management function 1 Financial management and financial objectives 3 Part B Financial management environment 2 The economic environment for business 35 3 Financial markets and institutions 53 Part C Working capital management 4 Working capital 65 5 Managing working capital 79 6 Working capital finance 103 Part D Investment appraisal 7 Investment decisions 127 8 Investment appraisal using DCF methods 141 9 Allowing for inflation and taxation 157 10 Project appraisal and risk 169 11 Specific investment decisions 181 Part E Business finance 12 Sources of finance 201 13 Dividend policy 223 14 Gearing and capital structure 231 Part F Cost of capital 15 The cost of capital 253 16 Capital structure 275 Part G Business valuations 17 Business valuations 293 18 Market efficiency 313 Part H Risk management 19 Foreign currency risk 325 20 Interest rate risk 349 Mathematical tables 361 Exam question bank 367 Exam answer bank 389 Index 447 Review form and free prize draw Contents iii A note about copyright Dear Customer What does the little © mean and why does it matter? Your market-leading BPP books, course materials and e-learning materials do not write and update themselves. People write them: on their own behalf or as employees of an organisation that invests in this activity. Copyright law protects their livelihoods. It does so by creating rights over the use of the content. Breach of copyright is a form of theft – as well as being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics. With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: x Photocopying our materials is a breach of copyright x Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or emailing them to your friend

FAQs

What exam support does this F9 Study Text provide?

It outlines study strategies, highlights key syllabus elements and skills, and provides exam focus points, quizzes, and an exam question bank with an answer bank.

How does the Study Text link chapters to the syllabus?

It signposts how each chapter links to the syllabus and the study guide, and references important topics through a full index.

What is the “PER alert” feature and when is it used?

The “PER alert” feature helps identify syllabus areas that can be applied in the workplace to meet different performance objectives for the ACCA three-year practical experience requirement.

Sep 17, 2026

Uploaded by Marry