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Ask the Tutor ACCA AFM

Essential reading for the AFM exam

John MoffatJohn MoffatTutor7y ago
The ACCA has a new article ‘Read the mind of an AFM marker’ that you really should read. Before reading the article, do work through question 2 of the March/June AFM exam yourself first, in order to get full benefit from the article. You can find the article here:https://www.accaglobal.com/content/dam/ACCA_Global/Students/prof/p4/Read_the_mind_of_AFM_marker_WEB_v3.pdf You can find the question here: https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p4/exampapers/p4-2018-marjun-q.pdf
YYovani7y ago#1
Hello Sir, Kindly explain to me why the ,marketing cost was considered? Is not a sunk cost? Thank you
John MoffatJohn MoffatTutor7y ago#2
No it isn't a sunk cost because it has not yet been spent.
John MoffatJohn MoffatTutor6y ago#4
It is saying the same as what is in the examiners answer. However not every sentence in the examiners answer gets a mark (otherwise it would be a lot more than 8 marks). That sentence is really just stating a fact, but as the note by the marker has written it is neither an advantage nor a disadvantage when comparing with the subsidised loan. The rest of that paragraph in the examiners answer is more important.
JJide6y ago#5
Dear John Moffat, Please what will be the best question practice strategy and technique and exam techniques and strategy to getting a very high potential prize-winning score in AFM after completing your lecture videos and notes for June or Sept 2020. Which do you think I should write? June 2020 or sep 2020 that will enable me enough time to understand and practice well without rushing and feeling pressured before and during the exam? many thanks
John MoffatJohn MoffatTutor6y ago#6
The most important things are firstly to have a Revision Kit from one of the ACCA Approved Publishers and to attempt every question (and learn from your mistakes) and secondly to read all of the technical articles on the ACCA website. As to whether you take the exam in June or September really depends on how much time you have available for studying. Unless you are restricted a lot due to work etc. then you should be able to manage the June exam.
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