[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-374155-105":59,"doc-detail-374155-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","fm-exam-kit-2026-27-isdc-exam-preparation-and-practice","FM Exam Kit 2026-27 ISDC - Exam Preparation and Practice","","ACCA Financial Management (FM) Exam Kit designed for the revised exam format, valid across September 2026, December 2026, March 2027 and June 2027. Provides a bank of past questions with adapted constructed response (long) tasks, specimen exam content, and fully structured answers. Includes exam technique guidance, analysis of recent examinations, a Kaplan revision approach, step-by-step instructions for using Kaplan study materials, and enhanced tutor answers with key answer tips, tutorial notes, and online tutor debrief resources.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/fm-exam-kit-2026-27-isdc-exam-preparation-and-practice/374155/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/fm-exam-kit-2026-27-isdc-exam-preparation-and-practice/374155.png","ImageObject",300,407,{"name":92,"@type":93},"Cipher","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-04","2026-09-23",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",91,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does the FM Exam Kit include for the ACCA Financial Management syllabus?","Question",{"text":113,"@type":114},"It includes a wide range of real past exam questions, an index to questions and answers, analysis of recent examinations, exam-specific information, and a Kaplan revision plan. The kit also contains specimen exam questions and corresponding answers.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How are the constructed response (long) questions handled in this edition?",{"text":118,"@type":114},"Following the revised exam format, previous ACCA constructed response (long) exam questions within the kit are adapted. The specimen exam is included at the end of the kit.",{"name":120,"@type":111,"acceptedAnswer":121},"What exam-enhancement features are added to support study and answering?",{"text":122,"@type":114},"Answers include key answer tips, many include tutorial notes, and selected questions provide “walk through the answer” guidance with top tutor tips and technical tutor notes. The kit also includes complementary online resources such as full tutor debriefs.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},374155,1790326767,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":147,"preview_urls":148},687208528416,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","Validfor September 2026,  \nDecember 2026, March 2027 and June 2027  \nACCA  \nFinancial Management (FM)  \nExam Kit  \nACCA  \nApplied Skills  \nFinancial Management (FM)  \nEXAM KIT  \nBritish Library Cataloguing-in-Publication Data  \nA catalogue record for this book is available from the British Library.  \nPublished by:  \nKaplan Publishing UK 179–191 Borough High Street, London,  \nSE1 1HR  \nISBN: 978-1-83735-274-6 © Kaplan Financial Limited, 2026  \nThe text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials.  \nAll rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan Publishing.  \nAcknowledgements  \nThe pastACCA examination questions are the copyright of the Association of Chartered Certified Accountants. The original answers to the questions from June 1994 onwards were produced by the examiners themselves and have been adapted by Kaplan Publishing.  \nWe are grateful to the Chartered Institute of Management Accountants and the Institute of Chartered Accountants in England and Wales for permission to reproduce past examination questions. The answers have been prepared by Kaplan Publishing.  \nCONTENTS  \nPage  \n\n| Index to questions and answers | P.5 |\n| --- | --- |\n| Analysis of past exams | P.9 |\n| Exam Technique | P.11 |\n| Exam-specific information | P.13 |\n| Kaplan’s recommended revision approach | P.16 |\n| The Kaplan Financial Management revision plan | P.18 |\n| Mathematical tables and formulae sheet | P.24 |\n\nSection  \n\n| 1 | Objective Test Questions – Section A | 1 |\n| --- | --- | --- |\n| 2 | Objective Test Case Study Questions – Section B | 63 |\n| 3 | Constructed Response (Long) Practice Questions – Section C | 131 |\n| 4 | Answers to Objective Test Questions – Section A | 175 |\n| 5 | Answers to Objective Test Case Study Questions – Section B | 223 |\n| 6 | Answers to Constructed Response (Long) Practice Questions – Section C | 279 |\n| 7 | Specimen Exam Questions | 483 |\n| 8 | Answers to Specimen Exam Questions | 497 |\n\nKey features in this edition  \nIn addition to providing a wide ranging bank of real past exam questions, we have also included in this edition:  \n• An analysis of all of the recent examinations.  \n• Exam-specific information and advice on exam technique.  \n• Our recommended approach to make your revision for this particular subject as effective as possible.  \n• This includes step-by-step guidance on how best to use our Kaplan material (Study text, pocket notes and exam kit) at this stage in your studies.  \n• Enhanced tutorial answers packed with specific key answer tips, technical tutorial notes and exam technique tips from our experienced tutors.  \n• Complementary online resources including full tutor debriefs to point you in the right direction when you get stuck.  \nYou will find a wealth of other resources to help you with your studies on the following sites:  \n[www.mykaplan.co.uk](www.mykaplan.co.uk)  \n[https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams](https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams)study-resources/f9 . html  \nQuality and accuracy are of the utmost importance to us so if you spot an error in any of our products, please send an email to [mykaplanrep","cbCairrxRWwBJpZ3","https://ap.wps.com/l/cbCairrxRWwBJpZ3","pdf",6982408,538,"English","# Index to questions and answers\n## Analysis of past exams\n## Exam Technique\n## Exam-specific information\n## Kaplan’s recommended revision approach\n## The Kaplan Financial Management revision plan\n## Mathematical tables and formulae sheet\n# Section overview\n## Objective Test Questions – Section A\n## Objective Test Case Study Questions – Section B\n## Constructed Response (Long) Practice Questions – Section C\n## Answers to Objective Test Questions – Section A\n## Answers to Objective Test Case Study Questions – Section B\n## Answers to Constructed Response (Long) Practice Questions – Section C\n## Specimen Exam Questions\n## Answers to Specimen Exam Questions","[{\"question\":\"What does the FM Exam Kit include for the ACCA Financial Management syllabus?\",\"answer\":\"It includes a wide range of real past exam questions, an index to questions and answers, analysis of recent examinations, exam-specific information, and a Kaplan revision plan. The kit also contains specimen exam questions and corresponding answers.\"},{\"question\":\"How are the constructed response (long) questions handled in this edition?\",\"answer\":\"Following the revised exam format, previous ACCA constructed response (long) exam questions within the kit are adapted. The specimen exam is included at the end of the kit.\"},{\"question\":\"What exam-enhancement features are added to support study and answering?\",\"answer\":\"Answers include key answer tips, many include tutorial notes, and selected questions provide “walk through the answer” guidance with top tutor tips and technical tutor notes. The kit also includes complementary online resources such as full tutor debriefs.\"}]","FM Exam Kit 2026-27 ISDC - Exam Preparation and Practice | PDF",1790201222,1356,54,[149,153,157,161,165,169,173,177,181,185,189,194,199,204,209,214,219,224,229,233,237,242,247,252,257,261,266,271,276,281,285,290,295,300,305,310,315,320,325,330,334,339,344,349,354,359,364,369,374,379,383,388,393,398],{"page_no":8,"url":150,"width":151,"height":152},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/05ad059886b26028c4a43331c8c19217.webp",983,1399,{"page_no":14,"url":154,"width":155,"height":156},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/e8d619a8295aebd9de0b7633db274d89.webp",982,1389,{"page_no":81,"url":158,"width":159,"height":160},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/4c4abe96e60248ec2f76a8ce233d1754.webp",981,1387,{"page_no":19,"url":162,"width":163,"height":164},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/7d32e9f81a4fa25403af0f9df031a12a.webp",980,1386,{"page_no":24,"url":166,"width":167,"height":168},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/2e9f9f8e0998567812ca41232c6ab8b0.webp",979,1384,{"page_no":29,"url":170,"width":171,"height":172},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/3a9d9bfbbdb8a7a0a84abccba4b06515.webp",978,1383,{"page_no":34,"url":174,"width":175,"height":176},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/381d0aed10cfb4ee9fcc34633724a0b1.webp",977,1381,{"page_no":39,"url":178,"width":179,"height":180},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/574050b1028a7973c2c116cabf51e7fb.webp",976,1380,{"page_no":44,"url":182,"width":183,"height":184},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/9d0fe823225b8a8eb97c9cc315ec4a96.webp",975,1379,{"page_no":52,"url":186,"width":187,"height":188},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/06d549a491e7815f2885004adadee557.webp",974,1377,{"page_no":190,"url":191,"width":192,"height":193},11,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/ce4747e00f5a25f7d13468978a2a1420.webp",973,1376,{"page_no":195,"url":196,"width":197,"height":198},12,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/183bbaf00b3a70c062ed3ca224ae14c3.webp",972,1374,{"page_no":200,"url":201,"width":202,"height":203},13,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/7bdb08cd1792f275e044c6c0ac6851dd.webp",971,1373,{"page_no":205,"url":206,"width":207,"height":208},14,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/7eb1277c728aafd4e60dde768aca774f.webp",970,1372,{"page_no":210,"url":211,"width":212,"height":213},15,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/4871afacf86d698fb5954c6f0c997228.webp",969,1370,{"page_no":215,"url":216,"width":217,"height":218},16,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/c680fff9f0d3c88a192de3cef7b22be3.webp",968,1369,{"page_no":220,"url":221,"width":222,"height":223},17,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/51c42a1541ad81eafbd522814b48979e.webp",967,1367,{"page_no":225,"url":226,"width":227,"height":228},18,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/914574160aeda1f7448827f7c7e3c272.webp",966,1366,{"page_no":56,"url":230,"width":231,"height":232},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/81546a161ea9ae463854671382691afd.webp",965,1365,{"page_no":46,"url":234,"width":235,"height":236},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/42b8b80ba0028014382ce97860114e55.webp",964,1363,{"page_no":238,"url":239,"width":240,"height":241},21,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/ba9c2d44b83851662ec57eee4437d92a.webp",963,1362,{"page_no":243,"url":244,"width":245,"height":246},22,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/11f3077e1cae4f019ca41fa7dbf621e1.webp",962,1360,{"page_no":248,"url":249,"width":250,"height":251},23,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/70686b12b5a275fa8aa77a3161d87062.webp",961,1359,{"page_no":253,"url":254,"width":255,"height":256},24,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/911f48437c4fc6ead6528a1707b794e1.webp",960,1357,{"page_no":258,"url":259,"width":260,"height":146},25,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/2a1ccc613a1b8995783aea1d926e7461.webp",959,{"page_no":262,"url":263,"width":264,"height":265},26,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/baa684082870ae88b71a1128205d0174.webp",958,1355,{"page_no":267,"url":268,"width":269,"height":270},27,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/ce27f16d990050825c46ea95405f9583.webp",957,1353,{"page_no":272,"url":273,"width":274,"height":275},28,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/ccf9ecfcbdac47b5b5c8db8e8f68bf38.webp",956,1352,{"page_no":277,"url":278,"width":279,"height":280},29,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/b1ed99f3bbe91c85531b91ef41701cfb.webp",955,1350,{"page_no":41,"url":282,"width":283,"height":284},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/c669c04eaca9b09da1a18a0f08b14c43.webp",954,1349,{"page_no":286,"url":287,"width":288,"height":289},31,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/7f3525994d1f6071c4d9a82820531bde.webp",953,1348,{"page_no":291,"url":292,"width":293,"height":294},32,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/2233762c210f046d387934fca763e7d9.webp",952,1346,{"page_no":296,"url":297,"width":298,"height":299},33,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/0c739f7c910f8c588ef095221e19a456.webp",951,1345,{"page_no":301,"url":302,"width":303,"height":304},34,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/d1224e4cd17f21e745d6abf53ab0868e.webp",950,1343,{"page_no":306,"url":307,"width":308,"height":309},35,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/0e98ce7d0ddb69d0764fa43a34041ad9.webp",949,1342,{"page_no":311,"url":312,"width":313,"height":314},36,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/c249abdc88c3934c468e86e0b2836ee1.webp",948,1340,{"page_no":316,"url":317,"width":318,"height":319},37,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/3ef03f286249a8989506f89583b84f27.webp",947,1339,{"page_no":321,"url":322,"width":323,"height":324},38,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/57652186f071dd830b915ae78c6c5230.webp",946,1338,{"page_no":326,"url":327,"width":328,"height":329},39,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/1b2abeed9534a4718247d1f968d1652b.webp",945,1336,{"page_no":36,"url":331,"width":332,"height":333},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/4d94f042532d86e129b6f5f2c65656e6.webp",944,1335,{"page_no":335,"url":336,"width":337,"height":338},41,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/b8655396eef0307e8a3c3b0f2e41041a.webp",943,1333,{"page_no":340,"url":341,"width":342,"height":343},42,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/3247de9074a389782552b224560db8a5.webp",942,1332,{"page_no":345,"url":346,"width":347,"height":348},43,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/42e5d9166245e9866384836990217f13.webp",941,1331,{"page_no":350,"url":351,"width":352,"height":353},44,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/c8b862b44eebd4254dea8b41ab89b3b6.webp",940,1329,{"page_no":355,"url":356,"width":357,"height":358},45,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/6620293c04b8706b338d8ce6d001030c.webp",939,1328,{"page_no":360,"url":361,"width":362,"height":363},46,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/b64855d0992824c15fda19cf9071be64.webp",938,1326,{"page_no":365,"url":366,"width":367,"height":368},47,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/922d4672d424cba5295a716df82d6f67.webp",937,1325,{"page_no":370,"url":371,"width":372,"height":373},48,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/e258f82641397e4f3491bb51e1c086fc.webp",936,1323,{"page_no":375,"url":376,"width":377,"height":378},49,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/393a9c74b9ecf8363120a9bcecb1cfcd.webp",935,1322,{"page_no":31,"url":380,"width":381,"height":382},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/d5ed44f89ab612db47ccc3e51ba89e04.webp",934,1321,{"page_no":384,"url":385,"width":386,"height":387},51,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/3f64202111b5fde241af3d98cc23cf80.webp",933,1319,{"page_no":389,"url":390,"width":391,"height":392},52,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/084df00897831695eb7e3d5b8d3a35ed.webp",932,1318,{"page_no":394,"url":395,"width":396,"height":397},53,"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/aa4421defcf347ac4e6766816ed87116.webp",931,1316,{"page_no":147,"url":399,"width":400,"height":401},"https://res-academy.cache.wpscdn.com/upload/kdocshare/2026-11-08/c7beb07cb9f4b89ba6c32cb919ab5a3a.webp",930,1315]