ACCA P4 Exam Tips for June 2015 Session


ACCA P4 Exam Tips:

ACCA P4 Advanced Financial Management Exam Tips for June 2015 session are given as follows by famous tuition providers


– Currency hedging and interest rate hedging – read the two recent articles published on the ACCA website.
– Black Scholes option pricing model.
– Business valuation, especially using the free cash flow to firm methodology.
– Cost of capital calculations (including asset and equity betas) and adjusted present value.


Important area to cover include
Q1: We would expect section A questions to be mainly based on core syllabus areas such: project appraisal (often in an overseas context), business valuations (both are likely to include cost of capital calculations) and risk management (hedging).
Q2-4: Currency risk management, business re-organisation, real options.

Keep checking the ACCA website for articles in the lead up to exam, these are often tested.


– International investment appraisal using adjusted present values/net present values. Sensitivity analysis and capital rationing.
– Cost of capital using the principles of Modigliani and Miller prepositions or geared and ungeared betas.
– Hedging exchange rate or interest rate risk using futures, options and swaps.
– Mergers and acquisitions – valuation using free cash flows/P/E ratio method, cash offer or share exchange and regulations of takeovers.
– Capital reconstruction schemes – designing a capital reconstruction scheme or assessing the success of a given scheme.
– Option pricing theory. Real options, example, option to abandon, expand and delay. Valuation using the Black-Schole option pricing model.

First Institution

– International investment appraisal techniques focusing on risk management tools such as value at risk.
– Impact on WACC following hedging of interest rate risk.
– Company valuation based scenario, possible MBO finance to structure.
– Adjusted present value with link to real options and Black Scholes option pricing model.


Question 1:

– Investment appraisal of investment in foreign country
– calculation of cost of capital to apply
– ethical considerations

Choice questions:

– Foreign exchange risk management
– Duration
– Written question on effects of a country leaving a common currency (such as Greece leaving the Euro)

Beckers Professional

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Manchester Metropolitan University MMU

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11 thoughts on “ACCA P4 Exam Tips for June 2015 Session”

  1. Hamish says:

    I really appreciate your efforts but I am waiting for your further Exam Tips for P series. Thanks once again.

    1. Thanks. They will be uploaded soon.

  2. Scott Ure says:


    Do you know when the rest of the examinable areas will be updated?


    1. We have requested ACCA Exam Tips from all Tuition Providers. They will be added as soon as they provide us. Please Subscribe Our Email Updates so that you will receive them in your inbox. Thank You!

  3. christopher says:


    with exams fast approaching, are there any updates of exams tips from other providers?

    1. We have requested all famous tuition providers. As soon as they send us exam tips we will add them.

  4. cathy H says:


  5. Smith says:


    The P7 and P4 exams are on the 1st of June and 2nd of June 2015 respectively and only two weeks are left now. I would really appreciate if you could upload the exam tips for these two subjects at least, initially, right now, first as I I really need them. It would be great if you did it today.



  6. Jane says:

    Any tipis from Daniel Ho :taylors?

    1. We will add them after this session!

      1. Lim says:

        Ya looking for tips from Daniel Ho Taylor please..

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