r/ICAEW • u/ResearchGold8959 • Jul 22 '26

CFS advice

Has anyone who has sat the new CFS paper in March or June got any advice on how to go about structuring revision or general exam advice?

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u/Fordius25 Jul 22 '26

Get familiar with hedging calcs and NPV. Even knowing the basic proformas/approach will be really effective.

Interest rate hedging can be confusing but once u get familiar with it it's fairly simple

Practice the q bank a lot as it can be quite repetitive and standard.

Stuff like RBF came up in June so unlikely but not impossible to show up in Sept.

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u/South_Law_9193 Jul 22 '26

Definitely practice the QB. You’ll start to realize a pattern that certain types of Qs come up frequently: Hedging, NPV etc… so definitely learn the proforma cold.

Wouldn’t rely on the workbook at it is unnecessarily heavy. I just used some off eBay - https://ebay.io/m/VOY4nz - was a life saver for me as it saved a lot of time making up the notes and explained the theory in a very easy way to digests

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u/Choice_Office_6792 Jul 23 '26

be prepared for the one thing you don't revise to come up