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Sir one sums from investment appraisal and one sum from risk management will be definately tested in the exam right?
The syllabus on the ACCA website says the following:
“All topics and syllabus sections will be examinable in either section A or section B of the exam, but every exam will have question(s) which have a focus on syllabus sections B and E.”
Section B of the syllabus is Advanced Investment Appraisal (which included more than just NPV calculations) and Section E is Treasury and advance risk management techniques.