ACCA AFM: Quick Guide to Study & Exam | Got is Pass

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ACCA Advanced Financial Management (AFM, was P4) exam is an option paper in Strategic Professional module extending the knowledge from Financial Management ...  ACCAAdvancedFinancialManagement QuickGuidetoStudyandExamACCAAFM(AdvancedFinancialManagement)isoneofoptionpapersinStrategicProfessionalModule.SinceSeptember2018,theexamstructureofallpapersinStrategicProfessionalModulehavebeenchanged.P4isitspredecessorandthesyllabushasn’tbeenchangedalot.   However,examstructureischangedandallquestionsarecompulsorytoanswernow.   Thesyllabusstatesitsaimistoapplyrelevantknowledge,skillsandexerciseprofessionaljudgementasexpectedofaseniorfinancialexecutiveoradvisor,intakingorrecommendingdecisionsrelatingtothefinancialmanagementofanorganizationinprivateandpublicsectors.   ACCAAdvancedFinancialManagementpassratesarerangedbetween37%and42%inthepastfivesessions,whichisconsideredtobestableandhigherthanotheroptionalstrategicprofessionalpapers.Inexaminer’sreport,ithighlightsmanycandidatesarelackofdetailedknowledgeofpartsofthesyllabusareas,focusingmoreoneitherthenumericalpartsorthediscursivepartsofthequestionandgiveverybriefanswersforaquestion.   ItisimportanttostressthatangoodunderstandingoftheknowledgeandskillsinFinancialManagement(FM)isimportanttopassAFMexam.Ifyouarefamiliarwithinvestmentappraisal,businessvaluationandriskmanagementknowledgeinFM,youareanadvantagetotakeAFMexam. ExamStructure 3-hour15-minutes  examAllquestionsarecompulsory.The3hoursand15minutesexamwillassessprofessionalcompetenceswithinthebusinessreportingenvironment. ​ SectionAwillalwaysbeasingle50markcasestudy,whichwillcontainfourprofessionalmarksinwhichyouarerequiredproduceabusinessdocumentsuchasareportorabriefingpaperfortheboardofdirectors.   Youshouldexpecttoundertakecalculations,drawcomparisonagainstrelevantinformation,analyzetheresultsandofferrecommendations.ThecasestudyfocusonarangeofissuesfromatleasttwosyllabussectionsfromAtoE,butdependingonthebusinesscontextofthecasestudy.   SectionBconsistsoftwocompulsory25markquestions.AllsectionBquestionswillbescenariobasedandcontainacombinationofcalculationandnarrativemarks.Therewillnotbeanywhollynarrativequestions. ​ ACCAwillrolloutStrategicProfessionalCBEin selectedcountriesfromMarch2020,hereisthelinkyoucanfindStrategicProfessionalCBESpecimenexams:  https://www.accaglobal.com/gb/en/student/exam-support-resources/strategic-professional-specimen-exams-cbe.htmlCourseHighlights AwardWinnerCourse Tuitionandrevisionvideos&notes Tutorsupport(replywithin24hours) Mockexamwithfeedback MoreDetails&SampleClassSyllabusTheAdvancedFinancialManagement(AFM)examdevelopsuponthecorefinancialmanagementknowledgeandskillscoveredinFinancialManagementsyllabusandpreparesyoutoadvisemanagementand/orclientsoncomplexstrategicfinancialmanagementissuesfacinganorganization.   Thesyllabusstartsbyexploringtheroleandresponsibilityofaseniorexecutiveoradvisorinmeetingcompetingneedsofstakeholderswithinthebusinessenvironmentofmultinationals.Thesyllabusthenre-examinesinvestmentandfinancingdecisions,withtheemphasismovingtowardsthestrategicconsequencesofmakingsuchdecisionsinadomestic,aswellasinternational,context.Youarethenexpectedtodevelopfurtheradvisoryskillsinplanningstrategicacquisitionsandmergersandcorporatere-organisations.   Thenextpartofthesyllabusre-examines,inthebroadestsense,theexistenceofrisksinbusinessandthesophisticatedstrategieswhichareemployedinordertomanagesuchrisks.ItbuildsonwhatcandidateswouldhavecoveredintheFinancialManagementsyllabus.Thereare5 sectionsinthesyllabus,whichare–A     RoleofseniorfinancialadviserinthemultinationalorganisationExplainandevaluatetheroleandresponsibilityoftheseniorfinancialexecutiveoradvisorinmeetingconflictingneedsofstakeholdersandrecognizetheroleofinternationalfinancialinstitutionsinthefinancialmanagementofmultinationalsB         AdvancedinvestmentappraisalEvaluatepotentialinvestmentdecisionsandassessingtheirfinancialandstrategicconsequences,bothdomesticallyandinternationallyC     AcquisitionandmergersAssessandplanacquisitionsandmergersasanalternativegrowthstrategyD     Corporatereconstructionandre-organisationEvaluateandadviseonalternativecorporatere-organisationstrategiesE     TreasuryandadvancedriskmanagementtechniquesApplyandevaluatealternativeadvancedtreasuryandriskmanagementtechniquesTechnicalArticlesItisasectionsharingwithyouonACCAAdvancedFinancialManagement(AFM,wasP4)technicalarticlestohelpyouunderstandingofcomplexconceptsinsimpleway. Inaddition,youcanfindexamtipsinourexaminerreviewreportonACCAexam.TimeManagementWith195minutesavailableinAFMexam,Istillrecommendyoutousethe“GoldenRule”intimemanagementforeachquestion,thatis1markper1.8minute.Andwhy? ​ InStrategicProfessionalexam,youneedtospendtimeinscanningthequestionstogetfeelforthem.Inaddition,youneedtoplanhowtoputyourpointsineachquestion.   Otherthan“GoldenRule”,theriskinAFMexamismanystudentstoomuchtimeonSectionAwhichconsistsof50marksbutinsufficienttimeontwo25-markquestionsinSectionB.   YoushouldpracticeACCAAFMpastexamonhowtowritevalidpointswithdetailsrequiredbeforeexam.ItisverycriticaltopassAFMwithadequatepracticeonhowtomakeyouranswersmeetexaminer’srequirements.AlotofstudentsaskwhethertheyneedPaperAFM textbookandsometutorssaidit'stheirownchoice. ​ Ifyouranswertoeitherofquestionbelowisyes,buythebook: Areyoudoingself-studywithsomepopulartutor'snotes?  DoyoucommittoACCAstudy? ​ Draftyourstudyplan,buyatextbookandfollowtheplanstrictlyisthepathtosuccess. ​ Clickphoto toseespecialoffer andFREE delivery*! ​ *Terms&ConditionsApplyExamTipsIngeneral,studentsperformbetterincalculationsquestionthandiscursivequestioninAFMexam.However,allthreequestionsinthisexaminationcontainedamixtureofcomputationalanddiscursiveelementswhichyouneedtotakeabalancedapproachinyourstudyandexam. ​ Themainreasonsforlesswellperformanceare– Lackofdetailedknowledge Poortimemanagement Restatingthematerialsinquestion Failingtorespondfullytotherequirements Poorlystructuredcomputationalanswers Notadoptingbalancedapproachinansweringquestions   Inaddition,youneedtopaymoreattentionofthefollowingtopicwhicharefoundquitechallenginginthepastexams– Discussionofriskmanagement,bothforeignexchangerateriskandinterestrateriskandtheapplicationoffinancialinstrumentstomanagetherisks. Whythereisaneedtouserealoptionininvestmentappraisal. Discussiononbusinessreconstructionandvaluecreated(orsynergy)duringM&A.   Tobetterpreparefortheexam,youarenotonlystudyingtextbooksandpastexamsbutalsoneedtoreadthroughaseriesoftechnicalandexamarticlesonACCAwebsite.   Youcanreadthroughpastpapersonquestionsandunderstandwhatarecommonlyrequired.Youcanthenpracticemockexambeforesothatyouknowwhichapproachisthebesttoyou.ACCAAFM Usefullinks:AFMSyllabusandStudyguide(Sep21-Jun22) ​ AFMSpecimenExam ​ AFMPassExamPapers ​ AFMACCATechnicalArticles ​ AFMACCAExaminer'sGuidanceandReports 

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