- Memorize and understand essential financial formulas, such as ratios, profitability, liquidity, and gearing ratios. - Practice applying these formulas in different scenarios. - Be proficient in analyzing financial statements, including the income statement, balance sheet, and cash flow statement. Understand how changes in one statement affect the others. -Practice Calculation Questions - Practice numerical questions that involve calculations related to finance. - Focus on areas like working capital, net present value, and investment appraisal. - Develop strong skills in interpreting financial information and making informed decisions based on financial data. - Practice extracting insights from financial statements and using them to evaluate a company's performance. -Link Theory to Real-World Examples - Relate theoretical concepts to real-world examples in the business environment. - Use case studies and news articles to illustrate how financial decisions impact companies. -Risk and Return Relationships - Understand the risk and return trade-off in financial decision-making. - Be able to discuss the implications of different risk levels on investment choices. -Cash Management Techniques - Learn about effective cash management techniques and their importance for a business. - Understand how businesses can optimize their cash flow and working capital. -Study Capital Structure - Explore the concept of capital structure and its impact on a company's financial performance. - Understand the advantages and disadvantages of various financing options. -Financial Decision Criteria - Know the different criteria used in financial decision-making, such as payback period, accounting rate of return, and discounted cash flow. - Be able to compare and contrast these criteria. -Utilize Graphs - Where applicable, use diagrams and graphs to illustrate your points in a clear and concise manner. - Pay attention to the wording of questions and practice answering in a concise yet comprehensive manner.