Contents 

 Page 

Finding questions 

Question index..................................................................................................................................................................v Topic index......................................................................................................................................................................ix 

Helping you with your revision................................................................................... xi 

Revising P5 

Topics to revise & Question practice...............................................................................................................................xii Passing the P5 exam......................................................................................................................................................xiii Exam formulae.............................................................................................................................................................xviii Exam information............................................................................................................................................................xx Analysis of past papers .................................................................................................................................................xxi Useful websites............................................................................................................................................................xxiii 

Questions and answers 

Questions..........................................................................................................................................................................3 Answers........................................................................................................................................................................131 

Exam practice 

Mock exam 1 

 Questions............................................................................................................................................................487 

 Plan of attack.......................................................................................................................................................497 

 Answers...............................................................................................................................................................499 Mock exam 2 (Pilot paper)

 Questions............................................................................................................................................................519 

 Plan of attack.......................................................................................................................................................527 

 Answers...............................................................................................................................................................529 Mock exam 3 (December 2013)

 Questions............................................................................................................................................................551 

 Plan of attack.......................................................................................................................................................559 

 Answers...............................................................................................................................................................561 ACCA’s exam answers 

 June 2013............................................................................................................................................................583 

 December 2013...................................................................................................................................................591 

Review form 

 iii