Hints & Tips for P4 Advanced Financial Management
Important areas to cover for the December exam include:
Question 1
We would expect section A questions to test core syllabus areas such: discounted cash flow & business valuations (both of which are likely to include cost of capital calculations) and hedging.
Question 2-4
• risk management (interest rate risk management is more likely to be tested in Dec 2014) • business re-organisation and
• cost of capital calculations (possibly including cost of debt and credit spreads).
General advice:
Section A of the P4 exam has, from June 2013, contained one compulsory question. This 50 mark question will, inevitably, draw from a number of different syllabus areas.
The examiner has said that he does not plan exams by referring to past exams (i.e. checking that the whole syllabus is being tested over the course of a number of exam sittings).
This makes question spotting almost impossible. However we would expect section A questions to test core syllabus areas as listed above.
In section B (50 marks in total) you will need to choose two questions from a choice of three. Each question will be worth 25 marks, one of the questions may be entirely discussion based (but this is not guaranteed from June 2013). Remember that this paper is not a maths exam – the examiner is as interested in your ability to communicate well and to give good management advice as he is in your numerical ability.
Keep checking the ACCA website for articles written by the P4 examiner in the lead up to the exam, these are often tested.
You can also visit ACCA's website for more information about P4 Advanced Financial Management.
Important areas to cover for the December exam include:
Question 1
We would expect section A questions to test core syllabus areas such: discounted cash flow & business valuations (both of which are likely to include cost of capital calculations) and hedging.
Question 2-4
• risk management (interest rate risk management is more likely to be tested in Dec 2014) • business re-organisation and
• cost of capital calculations (possibly including cost of debt and credit spreads).
General advice:
Section A of the P4 exam has, from June 2013, contained one compulsory question. This 50 mark question will, inevitably, draw from a number of different syllabus areas.
The examiner has said that he does not plan exams by referring to past exams (i.e. checking that the whole syllabus is being tested over the course of a number of exam sittings).
This makes question spotting almost impossible. However we would expect section A questions to test core syllabus areas as listed above.
In section B (50 marks in total) you will need to choose two questions from a choice of three. Each question will be worth 25 marks, one of the questions may be entirely discussion based (but this is not guaranteed from June 2013). Remember that this paper is not a maths exam – the examiner is as interested in your ability to communicate well and to give good management advice as he is in your numerical ability.
Keep checking the ACCA website for articles written by the P4 examiner in the lead up to the exam, these are often tested.
You can also visit ACCA's website for more information about P4 Advanced Financial Management.
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