EXAMINER’S APPROACH: P 4, Advanced Financial Management
WHERE THE PAPER FITS?
Professional Level (7 papers in total) Essentials (3 papers) Options (2 from 4 papers) P4 Advanced Financial Management (AFM) P5 Advanced Performance Management (APM) P6 Advanced Taxation (ATX) P7 Advanced Audit and Assurance (AAA) Fundamentals 9 papers in total
LINKS TO OTHER PARTS OF THE QUALIFICATION?
F9F9 F2F2 P1P1
PER
OVERALL CONCEPT?
“To decide we need information, to judge we need wisdom”
BROAD THEMES?
Financing decisions Risk management Valuation Mergers and acquisitions Corporate reconstruction
P 4 CONTENT?
Section D Section A Section F Section B Section C Section E Section G
EXAM STRUCTURE?
3 hours +15 mins
Two questionsTwo from three questions Case studiesFocused scenarios Across syllabus Discrete syllabus areas One discursive question Professional Level – P4 Section ASection B
Rule of And Professional marks
EXAM TIPS
Key tactics
Time management! Question practice! Application of knowledge!
EXAM PITFALLS
Bullet lists! Irrelevant information! Disorganised approach!
Examiners’ reports Exam Review Board
TO CONCLUDE
Understand! Read! Answer!