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ACCA March 2024 exam tips at your fingertips


Now is not the time to panic! Check out all our March ACCA exam tips in the latest PQ magazine, out now.
 
Here are some highlights of just some of the tips we are providing:
 
PM
If you are sitting ACCA PM exams this time around never be tempted to spend longer than 5 minutes on any section A question, according to BPP’s top team of tutors. Good time management is key here – you don’t want to get caught up in a tough calculation. Remember, they are only ever worth 2 marks!
It doesn’t pay either to neglect the written elements in section C as they are normally worth 60% of the marks. And, make sure you always fully explain your ideas.
 
FR
As ACCA clarified that a consolidated financial statements preparation question could include two subsidies and one associate you must be prepared for such a question, say the experts. This gives the examiner scope to examine the disposal of a subsidiary, including a discontinued operation.
As the ACCA has also clarified the syllabus wording emphasising the importance of cash flows in interpreting financial statements you have to be prepared for a question on this too!
Don’t be knocked off course too this March by a question or two in section A on no-core areas such as sustainability!
 
AA
Those sitting AA this Spring should know tutors expect questions in section A to focus on syllabus areas A and E. The majority of marks in section B in each question will test syllabus areas B, C and/or D.
The AA exam often provides a table for you to complete your answer. For example, audit risk questions will have a table with two columns, one for 'Audit risk' and one for 'Auditor's response' with each properly explained point being worth one mark. Using this tabular approach should help you to answer both parts of the question, therefore maximising your marks! Well, that is the theory anyway.
 
FM
The commonly examined areas of FM’s section B are working capital management, business or security valuations, and financial risk management, say our tipsters.
Meanwhile the two questions in section C will focus mainly on syllabus sections C, D and E. Remember that whichever of these topics does not appear in section C is most likely to appear in section B.
Finally, questions in section A will often test your understanding of financial management and objectives as well as the economic environment and financial institutions topics.
Remember you can subscribe to your own free copy of PQ magazine at www.pqmagazine.com
PQ magazine – a free resource for all accountancy students.