F5必做真题

　　Topic 1 Specialist Costing System

　　2015 June Q1(ABC)

　　2015 Dec Q1(target costing+service industry)

　　2014 Dec Q2(throughput accounting)

　　Topic 2 Decision Making

　　2014 Dec Q3(relevant CF/minimum pricing)

　　2015 Dec Q4(CVP+做图)

　　2010 Dec Q3(multi-limiting factor+shadow price)

　　2015 June Q4(high-low method+optimal pricing)

　　2011 Dec Q2(transfer price)

　　Specimen paper from 2014 Q2(risk+maximin)

　　Topic 3 Budgeting

　　2014 Dec Q1(learning effect)

　　2010 Dec Q5(Budgeting method)

　　Topic 4 Standard Costing and Variance Analysis

　　2016 June Q1(planning and operational variance

　　2015 Dec Q3(mix and yield variance)

　　Topic 5 Performance Management System

　　2014 Dec Q4(balance score card)

　　2015 Dec Q5(division performance evaluation)

　　F9必做真题

　　Topic 1 WC Management(Syllabus Part C)

　　MCQ

　　2015 Dec B3 Early settlement discount+foreign receivables

　　2015 June B3 Factor

　　2013 Dec Q3 Payable+stock

　　2007 Dec Q4 Stock with lead time

　　2014 Dec B1 Cash budget

　　2016 June B1 Overtrading ratio

　　Topic 2 Investment Appraisal(Syllabus Part D)

　　MCQ

　　2015 Dec Q5复杂NPV and discussion

　　2010 June Q3 NPV改错

　　2011 Dec Q1 NPV+sensitivity analysis+capital rationing

　　2013 June Q1复杂NPV,ignore WC recovery

　　2009 Dec Q1 Lease or buy+NPV

　　2016 June Q5 NPV+terminal valuation

　　Topic 3 Business Finance and Cost of Capital(Syllabus Part E)

　　MCQ

　　2016 June B4 complicated WACC

　　2015 Dec B4 financing effect,project-specific cost of capital discuss

　　2013 June Q2(complicated WACC,CAPM and project-specific cost of capital discussions)

　　2013 Dec Q2(project-specific cost of capital calculation)

　　2010 June Q2(measure capital structure)

　　Topic 4 Valuation(Syllabus Part F) MCQ

　　2008 June Q2 right issue+EMH

　　2011 Dec Q3 Earning yield

　　2013 June Q4 3 options(complicated)

　　2012 June Q4 P/E+DVM(complicated)

　　2015 June Q2 DVM+earning yield

　　2015 June Q4 right issue+capital structure

　　Topic 5 Risk(Syllabus G) MCQ

　　2012 June Q3 SME+Islamism finance+forex risk(receipt)

　　2012 Dec Q4 interest rate risk

　　2016 June B2 Forex risk:forward+money market hedge(payment)interest rate risk type

　　2015 June B1 forward+money market hedge(receipt)简单

　　P4必做真题

　　Topic 1 Advanced Investment Appraisal

　　2013 June Q1(APV,FCF valuation)

　　2015 June Q1(Oversea NPV)

　　2013 Dec Q1 b(Real option of abandon)

　　2010 Dec Q4(Dividend capacity)

　　2009 June Q1(Project duration)

　　Topic 2 A&M Valuation

　　2015 Dec Q1(beta of Portfolio,P/E,FCF valuation,MBI,defense)

　　2012 Dec Q4(consideration premium per share)

　　2014 June Q4(BSOP valuation of E discussion)

　　2010 June Q2(BSOP valuation of E calculation)

　　Topic 3 Capital Reorganization&Business Reconstruction

　　2015 Dec Q4(Islamic finance,securitization)

　　Pilot paper 2013 Q3(MBO,reorganization)

　　Topic 4 Advanced Risk Management

　　2016 June Q1(dividend capacity,currency forward,option,future)

　　2015 Dec Q2(Netting,Interest option,collar)

　　2013 June Q3(Currency forward,money market hedge,option)

　　2014 June Q4(interest rate swap,duration