Need help with AFM (P4) ACCA exam?
Tips to do well in AFM
From the examiner and I
AFM is technically tough - but here's some things to keep in mind - when planning your pass in AFM
Ok here goes
In the exam - keep moving on
So not too long on simple transactions - try to keep up the pace at all times - keep moving on..
Make sure you can deal with simple discounting and compounding
You know the sort of thing ..100 compounded with inflation for 3 years at 10% = 100 x 1.10 x 1.10 x 1.10 = 133.1
Similarly 133.1 discounted for 3 years at 10 % = 133.1 / 1.10 /1.10 / 1.10 = 100
Make sure your wordy answers are analytical
Never use bullet points or simple statements - say why you think its important and what effect it has etc.
Analyse and evaluate
Make sure your study and answers are a good balance
Of words and numbers.. don't go overboard on just one of them
Remember to use the report format
When asked for, especially in Q1 - easy professional marks
Make your answers specific to the scenario
General answers and points don't score well
That's it from me - hope all is going well - and you're enjoying the online classroom