FM | Financial Management

Develop the knowledge and skills required of a finance manager, specifically in the areas of investment, financing, and dividend decisions.

Course Summary

The goal of Financial Management is to develop the knowledge and skills required of a finance manager, specifically in the areas of investment, financing, and dividend decisions. The ACCA exam has been developed with the intent to provide candidates with the skills required of a finance manager in charge of a company’s finance function. The ACCA Financial Management (FM) exam is an important component of the ACCA qualification. This exam covers a wide range of topics related to financial management, including working capital management, investment appraisal, business finance, and risk management.

EXAM STRUCTURE

All questions are compulsory. The 3-hour (see below) exam will assess all parts of the syllabus and will test knowledge and some comprehensive or application of this knowledge.  

For paper-based exams, an extra 15 minutes is given to you to reflect the manual effort required as compared to the time needed for CBE.  Total exam time is therefore 3 hours and 15 minutes.  

Section A includes 15 two-mark objective test questions covering all areas in the syllabus.  
Section B comprises 3 ten-mark questions each containing five objective test questions.  
Section C comprises two 20 marks constructed response questions. The questions will examine the interpretation and preparation of financial statements for either a single entity or a group.  

Here is the link you can find Strategic Professional CBE Specimen exams: https://www.accaglobal.com/gb/en/student/exam-support-resources/strategic-professional- specimen-exams-cbe.html

SYLLABUS

From the information provided by ACCA, some knowledge learnt from Management Accounting (MA) paper should bring forward to Financial Management, such as ratio analysis.  

More important for you to know is ACCA FM is the cornerstone of ACCA AFM (Advanced Financial Management).  An in-depth knowledge and understanding of investment appraisal, business valuation and risk management will be seen in AFM exam.  

If you aim to pursue your career in commercial financial management, the knowledge learnt from ACCA FM and ACCA AFM are suitable.

FM – FINANCIAL MANAGEMENT
AFM – ADVANCED FINANCIAL MANAGEMENT
MA – MANAGEMENT ACCOUNTING  
SBL – STRATEGIC BUSINESS LEADER 

There are 8 principle areas in the syllabus, which are –

A
Financial Management Function

Understand the key elements of financial management function, conflict between financial objectives and non-financial objectives, agency theory and not-for-profit organization objectives

B
Financial Management Environment

You are expected to know the economic environment impact on business, such as government policy, regulations and competition rules.  Next, nature and role of financial markets and institutions, and the nature and role of money market are another key topics.

C
Working Capital Management
The key principle in working capital management is to manage between profitability and liquidity as they are mutually conflicting with each other.  You are probably asked on funding needs and management of inventories, account receivables and account payables.

D
Investment Appraisal
The techniques for both non-discounted cash flow (DCF) and DCF model in investment appraisal are required.  In addition, understanding of net present value (NPV) calculation with different assumptions, such as inflation, taxation, risk, uncertainty and specific situations.

E
Business Finance
Four major areas include sources of finance, estimating cost of capital, capital structure theories and financing for Small-and-Medium-sized Entities (SME).  This topic is highly linked to investment appraisal especially on cost of capital.
 

F
Business Valuation
Understanding of valuation for both equities and debt is required.  Methodologies covered in this topic include Price-to-Earnings Multiple, Dividend Growth Model (DGM) and Net Asset Valuation Model (NAV) for equity valuation while option premium calculation required for convertible debt.

G
Risk Management
Foreign exchange rate and interest rate management are two major areas in exam.  Understanding different risk exposures and causes of fluctuations are needed.  You are also expected to know different hedging techniques and instruments for both foreign exchange rate risk and interest rate risk.

TIME MANAGEMENT

The general principle in ACCA Financial Management Paper exam is 1 mark per 1.8 minute which means you have 100 marks to complete an exam within 180 minutes.  

It is observed that many good attempts in Section A and Section B but not in Section C.  You should be careful that the time spent on Section C questions of the exam.  Examiners suggest you should allocate 72 minutes (or 40%), the minimum, of your total time in attempting Section C. It is probably more than what you need to work on objective test questions.  

HOW DO WE BUILD VALUE FOR THE ACCA - FM STUDENTS

CA Sarvesh Mopkar has been training the students to meet the specific requirements of the FM exam for the past 13 years. He is known for inculcating the following value during his trainings :-
1. Building a strong foundational knowledge in financial management
2. Relating complex exam scenarios with real life examples and case studies
3. Facilitating the process where the student can confidently handle the exam pressure 

Account Information

Name: Edufin Academy
Bank: HDFC Bank
A/C No: 01852000016783
Type: Current Account
Branch: Nigdi branch
IFSC: HDFC0000185      

GPay: +91-9822243867

Course Curriculum

Sarvesh Mopkar

Sundar Rajan Subramanian

ACCA Finalist​​

Sarvesh sir tutored me for FM ( Financial Management). His classes were excellent and comprehensible. He gave the best examples to explain complex topics. He explained the doubts clearly and also encouraged us to ask more doubts. His 90+ hours of coaching for FM was fantastic! One of the best tutors ever to handle FM.

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Course Pricing

Currently we provide ONLY recorded revision sessions for the FM paper.
You will be provided with 100+ hours of recorded content which you can learn in a self-styled and self-paced manner.

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15990 INR

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