These papers featured in past exam sessions and should therefore be used as a guide only.
Behaviour in all of these areas is largely discretionary and it is possible to adopt a range of approaches from being very concerned about some or all of them, to having no such concern at all.
Part iii was generally answered rather better, although some candidates wasted time by discussing hedge accounting, when the question specifically stated that the purchase of the share options was not part of a hedging arrangement.