Learning and revision that is effective
Learning and reviewing are the two phases of exam preparation. Acca AFM Exam success can only be ensured during the reviewing phase, which is meant to assist students to get a comprehensive comprehension of their course content before the examination. With our Introduction to Advanced Financial Management course, you’ll get vital help and guidance after the principles of the exam have been mastered.
Approved Learning Partners should be used whenever possible. You may find a variety of online tutoring services for students that follow this technique, and they perform better on their assessments.
Learning phase
Planning
Preparation for an exam requires advance planning and strict time management. Plan your study and revision schedule in the time left before the test. Use the study schedules offered by educational institutions as a starting point for designing your own. When you’re in the learning phase, consider how many topics you’ll need to cover and how much time you’ll need to devote to each one.
Make sure to keep in mind that the material you learned in Financial Management will be used in Advanced Financial Management. You may use our AFM self-check tests at the beginning of your study to verify and refresh your FM knowledge.
This is the time to concentrate on mastering all of the topics taught in class. In order to better comprehend what you’re reading, ask yourself, “Do I understand this?” The examples may need to be revised if they aren’t clear enough.
You must cover the whole range of subjects, regardless of how exciting or easy they may be. Avoid the urge to spend more time on the things you find intriguing. Make a concerted effort to master the areas in which you struggle the most, and then put that expertise to good use.
Make sure you’re on the same page
You may test your understanding of the topic you’ve studied by answering exam-style questions and then comparing your answers to the model answers. Until later in your education, timed exams are not essential, but you should always try to answer all of the questions you attempt.
In addition to reading the AFM technical papers, use them as a supplement to your learning process.
Phase of revision
You may now go on to revision, where your major aim is to prepare for exam success after you have a general understanding of the curriculum.
Practicing and debriefing questions
Spend some time working on exam-style questions under exam conditions as part of your test preparation. Using the example replies and grading criteria, go over your answers and make sure they’re correct before moving on.
This rule applies to all three parts of the exam. When you get a wrong response on an objective test question, take the time to clearly explain your reasoning. You should also take the time to analyze your written and numerical answers to the constructed response questions so that you may make future responses even more precise and effective.
The ACCA afm Practice Platform features a blank workspace in which you may reply to questions for the CBE exam.
Additionally, you will have access to examiner comments on student performance if you use an outdated test question.
Exam technique
To ace a test, you’ll need a combination of technical knowledge and time management skills that can be applied to a variety of exam settings and questions. Exam technique tools may teach you how to use the material you’ve learned to its fullest potential on exam day.
The ACCA’s Practice Platform and mock examinations are available
As you revise in the CBE environment, at least one full mock exam should be performed and debriefed A practice exam on the ACCA Practice Platform lets you test your knowledge of previous exam subjects in the same CBE environment in which you will be taking them.
You must fully and thoroughly debrief your mock examinations in order to get the most out of them. It’s critical to do a comprehensive debriefing before the exam to discover areas of weakness.
You may wish to go back and examine questions that were especially challenging for you as the test nears in order to improve your performance.