Title AC3059 - Financial management - 2016 Examiners Commentaries.pdf ✅

Examiners’ commentaries 2016 unless your workings are shown. In the essay-type questions, you should structure your answers, starting with an introductory paragraph that outlines the answer you will be giving and the arguments you will be making. In the main body of your answer, describe the theories and concepts that provide the basis of the argument that can then be developed and substantiated. The concluding section should draw together the main points of your argument in a summary. Key steps to improvement • Read beyond the subject guide. • Practise computational questions in the subject guide, textbooks and any other appropriate sources. • Practise both computational and written questions from past examination papers. As the examination draws closer, practise under time pressure, remembering that you probably only have approximately 42 minutes per question in which to write your answer. • Ensure your written answers to your practice questions do attempt to answer the questions posed and not the one you wish you could be answering. Learn to focus on the contents, context, and requirements of that specific question. Readings for this paper Please note that shorthand will be used when referring to the following books: BMA – Brealey, R.A., S.C. Myers and F. Allen, Principles of corporate finance. (New York: McGraw–Hill Inc, 2010) tenth edition [ISBN 9780071314268]. SG – subject guide. Fung, L. Financial management. (London: University of London International Programmes, 2012). Examination revision strategy Many candidates are disappointed to find that their examination performance is poorer than they expected. This may be due to a number of reasons. The Examiners’ commentaries suggest ways of addressing common problems and improving your performance. One particular failing is ‘question spotting’, that is, confining your examination preparation to a few questions and/or topics which have come up in past papers for the course. This can have serious consequences. We recognise that candidates may not cover all topics in the syllabus in the same depth, but you need to be aware that the examiners are free to set questions on any aspect of the syllabus. This means that you need to study enough of the syllabus to enable you to answer the required number of examination questions. The syllabus can be found in the Course information sheet in the section of the VLE dedicated to each course. You should read the syllabus carefully and ensure that you cover sufficient material in preparation for the examination. Examiners will vary the topics and questions from year to year and may well set questions that have not appeared in past papers. Examination papers may legitimately include questions on any topic in the syllabus. So, although past papers can be helpful during your revision, you cannot assume that topics or specific questions that have come up in past examinations will occur again. 3