ERRATA SHEET ACCA F9 Financial Management, 08/09, Complete Text.. ISBN: 978-1-84710-524-0 Chapter 1 Page 15 Error: Against ‘Evaluating proposed expansion plans’ the fourth example, th
Trang 1ERRATA SHEET
ACCA F9 Financial Management, 08/09, Complete Text
ISBN: 978-1-84710-524-0
Chapter 1 Page 15
Error:
Against ‘Evaluating proposed expansion plans’ (the fourth example), there should be a tick under Financial management
Chapter 5 Page 91
Error:
$4m
$30m × 80% × 365 = 61 days
Correction:
$4m
$30m × 80% × 365 = 61 days
Chapter 6 Page 123
Error: Expandable text step 2
No of re-orders pa – 3,1062
Correction: Expandable text step 2
No of re-orders pa – 3,162
Chapter 7 Page 149
Error:
Saving is 63 days (dropping from 73 days to 10) and there are 365 ÷ 3 = 5.794 periods in a year
Correction:
Saving is 63 days (dropping from 73 days to 10) and there are 365 ÷ 63 = 5.794 periods in a year
Chapter 9 Page 253
Error:
a ROCE= Average annual profit
Initial investment ×100 =
$150,000
$800,000 × 100 = 33.33%
b ROCE= Average annual profit
Average investment ×100 =
$150,000
$450,000 × 100 = 18.75%
Trang 2Correction:
a ROCE= Average annual profit
Initial investment ×100 =
$150,000
$800,000 × 100 = 18.75%
b ROCE= Average annual profit
Average investment ×100 =
$150,000
$450,000 × 100 = 33.33%
Chapter 10 Page 269
Error:
Step 1 Discount the annuity as usual
200 × 4yr 5% AF = 200 × 3.456 = 709.2
Correction:
Step 1 Discount the annuity as usual
200 × 4yr 5% AF = 200 × 3.546 = 709.2
Page 274
Error: (Expandable text)
Correction: (Expandable text)
Chapter 11 Page 329
Error:
@30%
Timing of tax relief
T0 Initial
investment
26,000
value
19,500
value
14,625
$ $ $ $ $
Trang 3Correction:
@30%
Timing of tax relief
T0 Initial
investment
26,000
value
19,500
value
14,625
Balancing allowance
2,125 638 T4
$ $ $ $ $
Chapter 12 Page 365
Error: (TYU answer 1)
(b) (i)
This is a rise of: 33
500 × 100 = 6/6%
Correction: (TYU answer 1)
(b) (i)
This is a rise of: 33
500 × 100 = 6.6%
Page 366
Error: (TYU answer 1)
(b) (v)
33
91 × 100 = 3.6%
Correction: (TYU answer 1)
(b) (v)
33
91 × 100 = 36%
Trang 4Chapter 18 Page 574
Error:
20 + 5
6+ 7.5 × 1
6 = 17.92%
Correction:
20 7.5 17.92%
Error:
7,500,000
8,300,000 20%
800,000 8,300,000 7.5% 18.79
Correction:
7,500,000
8,300,000×20% +
800,000 8,300,000 ×7.5% =18.79%
Page 587
Error:
NPV= 150,000
0.1404 – 1,150,000 = (431,624)
Correction:
NPV= 150,000
0.1404 – 1,500,000 = (431,624)
Page 589
Error:
WACC = 7
21.6 × 8.71% + 21.6 14.6= 11.29%
Correction:
WACC = 7
21.6× 8.71% + 14.6
21.6 × 12.53% = 11.29%
Chapter 19 Page 621
Error: (TYU 2)
= 1.6 × 0.7
0.7 + 0.03 (1 – 0.30)
Correction: (TYU 2)
= 1.6 × 0.7
0.7 + 0.3 (1 – 0.3)
Page 622
Error: (TYU 2)
= Rf (1 – t)
= 10% (1 – 0.30) = 7%
Correction: (TYU 2)
Kd = Rf (1 – t)
= 10% (1 – 0.3) = 7%
Trang 5Page 623
Error: (TYU 2 Step 2)
1.23 × 1.23
0.6818 = ße
Correction: (TYU 2 Step 2)
1.23 × 0.88
0.6 = ße
ße = 1.80
Chapter 22 Page 701
Error/correction:
‘Here the rates quoted apply to a loan or deposit taken out for a 3 month period.’ Should be “6 month period”
Chapter 24 Page 763
Error:
(Profit after tax × number of shares)
(Total dividends × number of shares)
Correction:
(Profit after tax ÷ number of shares)
(Total dividends ÷ number of shares)
Page 771
Errror:
Current ratio (840/409 and 508/274) 2.67 2.49
Quick ratio (320/409 and 204/274) 1.02 1
Correction:
Current ratio (840/409 and 508/274) 2.05 1.85
Quick ratio (320/409 and 204/274) 0.78 0.74