ACCA FM - Financial Management eLearning - 12 Months Access
Master financial management and pass with confidence. Your ACCA FM course from ExP provides a clear, structured and supportive learning experience - designed to help you understand investment appraisal, working capital, business finance and risk management so you can perform strongly in the exam.
Your FM course includes:
- Clear Tuition Videos – Expert-led explanations that cover the entire syllabus including investment appraisal, cost of capital, risk management, business valuations and financial planning
- Exam-Standard Practice – Tutorials featuring real exam-style questions to build strong calculation and application skills
- Motivation Support – A focused energiser and dedicated webinar to help you stay motivated and consistent
- Official Kaplan eBooks – Study Text and Exam Kit eBooks for trusted, high-quality ACCA learning
- Interactive Activities – Reinforce your understanding and identify areas to revisit
- CBE-Style Mock Exam – A full ACCA-format simulation that mirrors the real FM exam
- Personalised Study Plan – Tailored to your schedule, pace and intended exam date
With ExP, you gain the clarity, structure and confidence you need to master financial management and pass FM with success.
Everything you need to pass your FM exam with ExP is included
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What You’ll Learn in ACCA Financial Management (FM)
The ACCA Financial Management (FM) exam equips you with the knowledge and tools needed to make sound financial decisions within an organisation. You’ll learn how businesses manage money, evaluate investments, raise finance, control risk, and maximise shareholder wealth — essential skills for any aspiring finance professional.
FM builds on earlier papers such as MA and prepares you for the Strategic Professional level Financial Management and Strategic Business Leader papers.
The financial management function
Understand the role and objectives of financial management within a business. You’ll explore the goal of shareholder wealth maximisation, stakeholder impacts, the financial manager’s responsibilities, and how financial strategy supports long-term success.
Financial management environment
Study the external factors that influence financial decisions. You’ll examine financial markets, interest rates, inflation, taxation, government policy, and the economic environment — and how these interact to shape corporate finance strategies.
Working capital management
Learn how organisations manage short-term assets and liabilities to maintain liquidity and operational efficiency. You’ll cover cash management, inventory control, receivables and payables policies, the operating cycle, and techniques that improve working capital performance.
Investment appraisal
Develop essential skills in evaluating long-term investment opportunities. You’ll learn how to apply discounted cash flow techniques such as NPV and IRR, as well as payback, ARR, capital budgeting under constraints, relevant cash flows, and tax considerations.
Business finance
Understand how organisations raise finance through equity, debt, and alternative sources. You’ll explore the cost of capital, gearing, dividend policy, rights issues, venture capital, leasing, Islamic finance, and how the choice of finance affects risk and return.
Cost of capital and capital structure
Learn how to calculate WACC and assess how different levels of debt and equity influence a company’s value. You’ll examine theories of capital structure, financial risk, the impact of leverage, and how the optimal mix varies across industries and economic climates.
Business valuations
Develop your ability to estimate the value of shares, businesses, and investments. You’ll cover asset-based valuations, earnings multiples, discounted cash flow valuations, and how analysts assess market value versus theoretical value.
Risk management
Understand how businesses identify and manage financial risks, including interest rate risk, foreign exchange risk, and economic uncertainty. You’ll learn how to apply hedging techniques using forward contracts, futures, options, and money market instruments.
Efficient market hypothesis and behaviour
Explore how financial markets operate and the extent to which they reflect available information. You’ll study the Efficient Market Hypothesis (EMH), behavioural finance concepts, and how investor behaviour affects market prices and corporate decisions.
