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A list of articles relevant to P9 Management Accounting Financial Strategy are available to download below.

Reading widely is an important part of preparing for the exams – so use these articles as part of your study.

Some of the articles were written for the old 2000 syllabus. We have reviewed each article and those relevant to Management Accounting Financial Strategy are listed.

You will need Adobe Acrobat software to view the PDF files. If you do not have this installed on your computer you can download it free from the Adobe website.

• Company valuations (PDF 208KB) by Sarah McHenry (February 2007)
  Most P9 students find company valuations a challenge, writes Sarah McHenry, but they needn't be so hard if you use basic business sense and remember key principles.
• Currency risk management (PDF 380KB) by the Examiner (July/August 2006)
  One of the examiners for P9 analyses the issues raised by an exam question on the use of fixed forward and option contracts in currency risk management.
• Principles of finance and financial management (PDF 71KB) by the Examiner (October 2006 - full web version)
  The Examiner provides a short study guide to some first principles of finance and financial management, suitable for all candidates revising for this paper.
• Guidance on how to use your additional 20 minutes reading time (PDF 85KB) by Martin Taylor (May 2005)
• Advice on how reading the business pages of quality newspapers can make your exam answers far more insightful (PDF 366KB) by Graham Pitcher (April 2005).
• Get capital-lettered (PDF 379KB) by Kirsty Flint (September 2003)
  You need to know the underlying theories of cost of capital as well as how to do the calculations.
• The gentle touch (PDF 371KB) by Bob Scarlett (February 2003)
  Sensitivity analysis is a useful decision-making tool that gives a feel for how a project’s results might be affected by changes to the values of critical variables.
• Suggested answer (PDF 29KB) to the sensitivity analysis exercise from ‘The gentle touch’ article (see above) by Bob Scarlett (February 2003).
• Cut to the chase (PDF 373KB) by Carol Cashmore (September 2002)
  Save precious time by using the cumulative present value tables provided.
• Exchequered history (PDF 363KB) by John Ogilvie (June 2002)
  An explanation of the role and management of the treasury function.
• Extremely well adjusted (PDF 361KB) by Ian Cornelius (May 2002)
  The third and final article explaining the many aspects of cost of capital theory.
• If the CAPM fits….. (PDF 357KB) by Ian Cornelius (April 2002)
  The second in a series of three articles explaining the many aspects of cost of capital theory.
• WACC attack (PDF 359KB) by Ian Cornelius (March 2002)
  The first part in a series of three articles explaining the many aspects of cost of capital theory.
• Invesment appraisal - a ‘balanced scorecard’ approach (PDF 454KB) by Kevin Mayes (October 2000)
  An introduction to the links between corporate governance, investment appraisal and post-project audit by Kevin Mayes (October 2000).
• Allowing for uncertainty (PDF 351KB) by David Allen (June 2000)
  This article looks at the idea of a ‘certainty equivalent’ for use in appraising investment proposals nad evaluating businesses.
• Corporate Finance Forum: currency options (PDF 347KB) by David Allen (April 2000).
• Corporate Finance Forum: interrelationships (foreign exchange) (PDF 345KB) by David Allen (January 2000).
• Beyond Discounted Cash Flow (DCF) (PDF 608KB) by Roger Peskett (November 1999)
  This covers options in investment appraisal.
• What is reality? (PDF 343KB) by David Allen (October 1999)
  This article looks at the treatment of changes in sales volumes and prices in financial management exams.
• Gearing: the impact of borrowing on the return on equity capital (PDF 345KB) by David Allen (June 1999)
  This looks at the relationship between the return on assets and the return on equity.

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