ACCA P4 Advanced Financial Management

Nature of the ACCA P4 paper

ACCA P4 Paper – Advanced Financial Management – is concerned with managing the finances of a business, and is a continuation of Paper F9. There are a few new topics to learn, but most of the topics were introduced in Paper F9.

Structure of the ACCA P4 paper

There are two sections to the exam.
Section A contains ONE compulsory question of 50 marks.
Section B is a choice of TWO from three questions, each carrying  25 marks. There are 3 hours for the exam, plus 15 minutes of reading time.
Most of the questions are mainly calculation, although there are a fair number of written sections in each. One of the three choice questions is always completely written.

Emphasis of the ACCA P4 exam

Although a large part of the syllabus has already been examined in Paper F9, this examination is testing much more the application of this earlier knowledge. The compulsory question will almost certainly involve writing a report and will present you with a large amount of information. The difficulty is as much interpreting the given information, and deciding what is important, as being able to apply learned techniques.