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), 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
Correction:
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)
Year 13% 13% 13%
Correction: (Expandable text)
Year 13% 11% 8%
Chapter 11 Page 329
Error:
Correction:
T0 Initial
investment
Net trading inflows
16,000
16,000
16,000
Tax
payable
(30%)
(4,800) (4,800) (4,800)
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
Chapter 18 Page 574
NPV= 150,000
0.1404 – 1,150,000 = (431,624)
Correction:
NPV= 150,000
0.1404 – 1,500,000 = (431,624)
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 Correction: (TYU 2) Kd = Rf (1 – t)
Page 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:
