2. EXAMINER’S APPROACH: P 4, Advanced Financial Management

3. WHERE THE PAPER FITS?

4. 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

5. LINKS TO OTHER PARTS OF THE QUALIFICATION?

6. F9F9 F2F2 P1P1

7. PER

8. OVERALL CONCEPT?

9. “To decide we need information, to judge we need wisdom”

10. BROAD THEMES?

11. Financing decisions Risk management Valuation Mergers and acquisitions Corporate reconstruction

12. P 4 CONTENT?

13. Section D Section A Section F Section B Section C Section E Section G

14. EXAM STRUCTURE?

15. 3 hours +15 mins

16. Two questionsTwo from three questions Case studiesFocused scenarios Across syllabus Discrete syllabus areas One discursive question Professional Level – P4 Section ASection B

17. Rule of And Professional marks

18. EXAM TIPS

19. Key tactics

20. Time management! Question practice! Application of knowledge!

21. EXAM PITFALLS

22. Bullet lists! Irrelevant information! Disorganised approach!

23. Examiners’ reports Exam Review Board

24. TO CONCLUDE

25. Understand! Read! Answer!