ACCA PM students. The examiner keeps saying it: "Candidates included costs that were not relevant to the decision." Here's the fix. Three tests. Every cost must be: → Future → Incremental → A cash flow Fails one? Leave it out. You paid $5,000 for materials in stock.

ACCA FR students. The examiner keeps flagging this: "Candidates expensed the full lease payment to profit or loss." That's the old rules. Here's the new ones: Day one: → Dr Right-of-use asset → Cr Lease liability Each payment splits into: → Interest (to P&L) → Capital

AFM students. The examiner keeps saying it: "Candidates used the company's WACC where a project-specific rate was required." Match the rate to the risk. Pure-play in a new industry? → Ungear the pure-play's beta → Regear with your project's gearing → CAPM for new Ke →