EXAMINER’S GENERAL COMMENTS The performance of the students in this paper was bad compared to the previous diets. There was general misunderstanding of the questions and more importantly, some of the questions included instructions to students that were not clear. Students are advised, however, to cultivate the habit of reading generally on finance and listen more to or read financial news. This is so because the Advanced Financial Management (AFM) is built on general knowledge in business and the principles of financial management. As we move to Financial Management only in the new examination structure, this advise will be more relevant.

STANDARD OF THE PAPER The questions were of average standard compared to the recent examination papers. Some of the questions did not reflect the AFM syllabus but were financial management questions of which it is assumed that the students should have fair knowledge