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Get insights, resources, the heads up on exam tips and more with the aCOWtancy blog.

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ACCA SBR September 2026: IFRS 15 Contract Modifications — The Q3 Topic Almost Nobody Answered

Richard Clarke

SBR Q3 contract modifications: separate contract, prospective, or catch-up? The 3-way test, a worked example, and why the five-step model scores zero.

ACCA FM September 2026: Money Market Hedge vs Forward Contract — The Two Errors That Score Zero in Section B

Richard Clarke

FM examiner-flagged errors in money market hedge and forward contract questions: unprorated rates and wrong direction. Worked example with the correct fix.

ACCA AAA September 2026: One Audit Opinion, Not Three — The Aggregation Mistake in the Completion Question

Richard Clarke

AAA examiner: candidates gave a different opinion per misstatement in Q3. Aggregate, test pervasive, give one opinion. Wrong vs right answer inside.

ACCA PM September 2026: The Multi-Product CVP Mistakes the SD25 Examiner Flagged in Kaylene Co

Richard Clarke

Multi-product CVP in ACCA PM: SD25 examiner on the weighted C/S ratio, decimal places and the (c)(ii) trap that cost Kaylene Co candidates marks. Example.

ACCA SBL September 2026: The Mendelow Mistake That Made Task 2(b) the Worst-Answered in the Exam

Richard Clarke

SD25 SBL examiner: Task 2(b) Mendelow was the worst-answered in the exam. Unjustified power and interest scores zero. The 3-marks-per-group fix inside.

ACCA AFM September 2026: The 40.4 Contracts Mistake That Costs Marks in Every Currency Futures Hedge

Richard Clarke

AFM examiner: you cannot sell 40.4 futures contracts. Round to whole contracts, state buy/sell and month, get unexpired basis right. Worked example inside.

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