Payback and discounted payback
Recent Paper FFM exam sittings have shown that candidates are not studying payback in sufficient depth or breadth to answer exam questions successfully. This article aims to help candidates with this.
The internal rate of return
Paper FFM candidates need to be able to perform the IRR calculation, as well as explain the concept of IRR, how it can be used for project appraisal, and to consider the merits and problems of this method of investment appraisal. Candidates have historically not performed well when this topic has been examined, and this article provides a sound grasp of the concept, the calculations, and the advantages and disadvantages of IRR.
Relevant cash flows
This article explains the principles behind relevant cash flows, as well as identifying/calculating such cash flows, possibly for further use within an investment appraisal calculation. This will help candidates understand these elements.
This article aims to demonstrate how, with a logical approach, candidates can deal with calcuations that involve a change in receivables collection policy or payables payment policy.
The two approaches for inventory control.
Short-term decision making
This article covers some of the issues arising in the area of short-term decision making.
Interest rates and early settlement discounts
The difference between simple and compound interest, and how to make use of this knowledge to understand early settlement discounts.
Factoring and invoice discounting
The concepts of factoring and invoice discounting.
The discounted cash flow internal rate of return
How and when to use the internal rate of return (IRR) formula in capital investment appraisal.
Capital investment appraisal
Capital investment appraisal using discounted cash flow.
Projected cash flow statements
A look at alternative approaches to preparing a projected cash flow statement.
Cleared funds forecasts
The need for cleared funds forecasts and provides a worked example.
The theory and the practicality of stock management and control.
Selecting sources of finance for business
The practical issues facing a business when selecting appropriate sources of finance.
Changes to the ACCA Qualification and Foundation level in 2015–16
This article explains the planned updates to the ACCA Qualification syllabuses taking place as part of the process of continuous syllabus refreshment and improvement.
Exam changes from February 2014 to August 2015
The article summarises the rationale for the latest qualification developments to the Foundation level and Knowledge papers, indicating which syllabuses are affected and when, outlining specifically which areas are being amended.
How to answer multiple-choice questions
Answering MCQs successfully requires you to develop a range of skills and exam techniques. Taking the steps set out in this article will help you to maximise your marks.
This article considers the benefits of computer-based exams (CBEs), highlights the points that you need to be aware of when completing ACCA's current CBEs, and looks at the different types of questions.
Five steps to multiple-choice success
A five-step approach to answering multiple-choice questions.
Stronger foundations for CAT work experience
Gareth Owen explains how the work experience requirements have changed, how they link more closely with the ACCA Qualification practical experience requirements and how they can be demonstrated.
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Last updated: 13 May 2015