With the ACCA FM Exam being held next week, this is the first of four revision guidance points that will help you pass.

Account Receivables Management is the most tested topic under the Working Capital syllabus category.

The calculations will require to convert a settlement discount offer into an APR. These questions appear in Section A & B. Using the scratch pad & calculator will suffice here.

Constructive Response questions will ask you to assess the change in receivables management policy, maybe including an offer from a factoring company. A simple layout showing the change in annual cash flows is what I use. Far easier than the formats shown in exam kits.

The theory/written just repeat the same requirements over & over again. Learn & repeat those and you will do very well indeed.