ACCA Advanced Financial Management Notes

KAPLAN EXAM TIPS FOR ACCA P4

P4 – ADVANCED FINANCIAL MANAGEMENT

At the February 2009 ACCA Conference, Bob Ryan suggested that his papers are set 'at random' to prevent students from being able to question spot. Therefore these tips should be treated with care.

However, Bob has already shown that when he writes an article he likes to test that topic (MIRR in June 2008, Default risk in Dec 2008) so certainly students should read his recent Toxic Assets article with interest.

Other key topic areas which are likely to be tested are:

• Business valuation – calculation (especially free cash flow method) and discussion of Methods
• Adjusted Present Value
• Sources of finance discussion (including Business Angels)
• Hedging foreign exchange risk
• Share buyback v Dividends discussion
• Black Scholes model