Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › ACCA AFM Exam Results – December 2020 – Instant Poll and Comments
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claramusonda.
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January 18, 2021 at 8:14 am #606633
moveone
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This is my last paper, and it was a retake at that and I got… 49%. Previously had 46%. You can imagine how gutted I am. But I’m not giving up yet!
January 18, 2021 at 8:53 am #606651planit
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Failed with 44%, really surprised as I answered everything and thought I got a decent mark. Will take a day to absorb this before formulating a new plan.
January 18, 2021 at 8:59 am #606653hasani1996
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I passed with 71 marks. Very happy to say that I am now an affiliate.
I am very grateful for Open Tuition as I did self study and this platform was very helpful. The work you guys do is invaluable and I hope to support Open Tuition financially in the future. I would like to specially thank Mr. John Moffat for his amazing work. Open Tuition is such a valuable platform specially for self studying students and I hope this amazing work continues on. My heartfelt gratitude to the Open Tuition team and best of luck for the future.
For anyone who plans to sit for AFM in the future, the best advice I can give is practice as many questions as you can. Question practice is key in this exam. Even if you know the theory very well, it will be very difficult to pass without practicing questions. Allocate as much time as you can for question practice.
January 18, 2021 at 9:22 am #606670beth33
Moderator- Topics: 5
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Passed 55%! So happy I did as I didn’t answer one of the questions so for sure thought it was a fail.
January 18, 2021 at 9:29 am #606675amorgan95
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Passed AFM first attempt 68%, thank you so much open tuition!!
January 18, 2021 at 9:39 am #606678Violeta
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Passed!!! This was my last exam, ACCA journey has finished 🙂 thanks to Opentuition – it was a really long and challenging journey for me.
Does anyone know if ACCA should email finalists regarding the application of membership?January 18, 2021 at 9:42 am #606679kerryhurren
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Passed at the 2nd attempt. First took in September and did awful so was pleasantly surprised! I definitely agree with making sure you know risk management really well. That definitely was a change for me from 1st to 2nd attempt snd I think that’s the reason I managed to pass. I have 1 exam left now which I will be taking in March.
January 18, 2021 at 10:46 am #606725emakinde
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Congratulations, i didn’t have the heart to continue AFM so I switched to APM the exam didn’t like me as well
January 18, 2021 at 11:20 am #606772Samuel
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Two words of advice I will give anyone planning to take the exam are:
1. Get the knowledge
2. Practice1. Get the knowledge:
This involves making sure you are using the most effective method of studying, e.g. self-study or getting a good tuition provider. The lectures on OpenTuition is very good. I will highly recommend getting a study text and a revision kit from an ACCA approved content provider e.g. Kaplan or BPP.
Also, think about how many papers you are sitting in an exam. Depending on other current commitments, would it be good to do maybe just one paper at a time rather than two? I find it better to focus on one paper and pass than do multiple papers and fail them. By passing the papers one at a time, it helps keep the momentum.
I heard a quote in a movie that says:“The steps you take don’t need to be big. They just need to take you in the right direction.”
2. Practice:
When you study, make sure you have got the knowledge and understand what you have studied. One way to ensure this is to practice exam standard questions.
Practice is very important for many reasons: you intensify your understanding, detect any weaknesses, and enhance exam technique. All of these are very important not just to your exam success, but also to your whole studying experience and also at the workplace.One thing I realised from my early papers was that I fail not because I don’t have the knowledge, but because I have not practiced enough.
So I say: Practice, practice, practice!I will say one thing to those who failed their papers:
Failure is not final, failure is a part of our journeys and sometimes a vital part of our successes. Some of us who passed have failed once or several times before.
In all things, it is the courage to continue that counts. So don’t give up, press on, and enjoy the journey. You are already a success when you decided to sit the exam. Keep putting one step in front of the other. You can do this!All the best of luck to everyone!
January 18, 2021 at 11:29 am #606779zubs09
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I would recommend doing every single question from Kaplan revision book especially section A questions, learn all the complications and master how to write reports for section A , you should be able to pass the next time, Finally managed to pass on my 3rd attempt with 60%, very relieved considering the disastrous attempt at the second question.
January 18, 2021 at 11:37 am #606783chioma12345678
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Please how do I join Mr john Moffat ‘s lecture and ask him my questions?
January 18, 2021 at 11:49 am #606800harpreetnanda09
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Passed with 71. The tip is attempt majority paper in the time allocated, practise last 5 years past papers, attempt mock, you should be good in both theory and calculations!
January 18, 2021 at 12:04 pm #606818sabaaizaz
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Go for one paper if you’re working.
January 18, 2021 at 12:23 pm #606829Stephen
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Failed at 48..my first P paper..I am aware I screwed up on Q2…but did not expect to lose so many marks in Q1 and Q3…
How did you all managed to do Q2..such as using PE to find asset beta…any similar question in the past…
January 18, 2021 at 12:53 pm #606843ashlan
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@chioma12345678
Click on ACCA and you can select a subject (e.g. AFM) then click on “watch all AFM lectures”. Be sure to download the notes that accompany it as well, it’s on the same page. Hope this helps.January 18, 2021 at 1:03 pm #606845valdimiro01
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Congratulations
January 18, 2021 at 1:04 pm #606846valdimiro01
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You can do this!!
January 18, 2021 at 2:15 pm #606882vw0845528
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My entire exams can be summed up in one word. Failed.
AFM -34 second attempt.
AFM -20 first attempt (December 2018)January 18, 2021 at 3:26 pm #606919ashlan
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@vw0845528
You only fail when you give up, and you’re not giving up. So those 2 attempts are stepping stones to your next success. Perhaps you could look at what you could have done a bit differently.I would suggest getting a BPP Revision Kit and attempting ALL the questions (there’s about 58 for AFM, do them all multiple times if necessary). Even if you read the question and the answer at the same time, write out the answer in your own words. That way you will get an idea of how questions are asked and how you’re expected to answer it in the exam. It really helps so much. Relying on theory alone is dangerous. You’ve got this!
January 18, 2021 at 4:10 pm #606945adamrobs96
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Passed with 78%!
I must have scored nearly full marks in the 50 marker and the football question as the currency swap one was a disaster
January 18, 2021 at 4:41 pm #606965jbrodowy
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Finally passed, at the 3rd attempt 59% and finally an affiliate! I am so happy it is over! Good luck to everyone!
PS: Do you know when the PER section will be available??? I am pretty sure I have completed it, but I cannot find it on myACCA…January 18, 2021 at 5:41 pm #606984Stephen
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Can share how did you tackle question 2 please..I did the apv radio question but got not enough time for the unbundling question in Q2…Q2 mixing the asset beta together with business valuation topic… which is confusing.. the question requirements are also not clear….can anyone help please..
January 18, 2021 at 7:07 pm #607005SimKaur24
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I have failed with 48% second attempt and might resit in march but it will be remotely. I am worried about working as no scrap paper is allowed. How did you manage and any tips please share.
January 18, 2021 at 7:20 pm #607008ashlan
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@SimKaur24 – the advantage of CBEs, especially for AFM, is that you gain part marks for your workings. On a CBE (and remote exam), you’re given a ‘scratch pad’ on the software where you can type your rough workings.
However, I would strongly recommend doing all workings on the response area instead (the spreadsheet) because this spreadsheet will be marked. You would save a lot of time, instead of typing it on your scratch pad and then copying it to your response area. I personally don’t see a need for the scratch pad in AFM, unless it’s something you don’t want the marker to see. Of course you’d want them to see all your workings so you maximise the amount of marks you can get.
January 18, 2021 at 7:33 pm #607010Quinnacca
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adamrobs96 wrote:Passed with 78%!
Hi, I had the same . Passed with 50%!! I only did the 1st question and the 2nd one, the football one. Didn’t attempt the third one at all. So relieved, even with just 50 marks
January 18, 2021 at 7:37 pm #607013roman7
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53 marks on first attempt…huge relieve as I found December exam quite hard.
Finally became affiliate after 5 years of juggling full time job, family and ACCA study priorities.January 19, 2021 at 3:45 am #607069charliedenu
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Congratulations
January 19, 2021 at 5:27 am #607078anwarkhan786
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you are a star…..Well-done and congratulation
January 19, 2021 at 6:13 am #607083teohyoonhui
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Cant believe i pass the paper with 57! The paper is hard for me and i not manage to finish all the question. Thank you so much for the help from John, this is the second p paper i passed with rely on open tuition notes and past year question from acca!
January 19, 2021 at 8:31 am #607113kudaje
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I am finally an Affiliate! I Passed AFM and APM (53 and 63) on second attempt after scoring 49 in both exams in September! My general advice for anyone taking in March is 1. Cover everything! Don’t ignore any area For example Q3 of AFM was on Collars and Swaps, nothing on the more popular derivatives. Q1 in September was on Bond valuation (often ignored). 2. Demonstrate your understanding! Even when you get stuck technically a demonstration of your understanding of the scenario and basic concept will earn you marks. 3. Pick the easy marks like those available for presentation 4. Fight Fight Fight!!! Don’t despair. Even when you get stuck, make an assumption, state your assumption and move on. For example I got stuck computing the asset beta in Q2, I just estimated and stated my assumption and then proceeded! Don’t give up hope!
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