Paper F2 financial management: even the best-prepared students sometimes falter when tackling step acquisitions because they see them as too tough. But adopting a step-by-step approach should help to overcome the fear factor

Since the introduction of the current syllabus in May 2010, step acquisitions--also called piecemeal acquisitions or, more formally, 'business combinations achieved in stages'--have been examined four times. It's clear that [...]