ACCA Financial Management (FM) FAQs

Q1. What is the format of the ACCA Financial Management (FM) exam?

The ACCA Financial Management (FM) exam is a computer-based exam (CBE) that lasts for three hours. It is an essential component of the ACCA course structure and is divided into three sections:

• Section A: 15 objective test questions worth 2 marks each (30 marks total)
• Section B: Three scenario-based questions worth 10 marks each (30 marks total)
• Section C: Two constructed-response questions worth 20 marks each (40 marks total), which require numerical calculations and structured written responses

For a comprehensive guide to the FM exam structure, visit:
🔗 ACCA FM Exam Structure – ACCA Global
Website: www.accaglobal.com

Q2. What topics are covered in the FM syllabus?

The ACCA association of chartered certified accountants has structured the Financial Management syllabus to cover critical areas needed to manage an organization’s financial resources. Key topics include:

• Financial Management Function: Understanding its purpose and objectives in strategic and operational contexts
• Financial Management Environment: External factors affecting financial decision-making, such as macroeconomic policy and financial markets
• Working Capital Management: Managing inventory, receivables, payables, and cash to maintain liquidity
• Investment Appraisal: Using NPV, IRR, and other techniques to evaluate long-term investments
• Business Finance: Evaluating sources of finance, including debt and equity
• Cost of Capital and Business Valuations: Understanding WACC and business valuation models
• Risk Management: Addressing financial risk, including foreign exchange and interest rate exposure

Q3. How should candidates prepare for the FM exam?

Success in the association of chartered certified accountants course requires a structured study approach:

• Study Resources: Use ACCA-approved texts, revision kits, and notes. Many providers align with the ACCA studyhub model.
• Practice Questions: Regular practice under exam conditions is crucial. Attempt mock exams and time yourself.
• Technical Articles and Examiner Reports: Read these on the myACCA portal to learn about examiner expectations and common mistakes.
• Online Learning: Platforms like OpenTuition and aCOWtancy provide free lectures, downloadable PDFs, and mock questions.

Q4. What are some key tips for passing the FM exam?

To pass the ACCA Financial Management (FM) paper, students must blend technical knowledge with practical exam strategies:

• Understand the Exam Structure: Know the layout and mark allocation.
• Balance Theory and Practice: Focus on conceptual frameworks and also solve quantitative problems.
• Time Management: Allocate time per section—use a watch or on-screen timer during practice.
• Use Specimen Exams: Practice with ACCA’s official specimen exams available on the site or via myACCA.

Q5. Are there any specific tools or techniques I need to know for the FM exam?

Yes. Section C of the FM exam often includes spreadsheet-based questions, so you must be familiar with:

• Using Excel-style NPV and IRR functions
• Presenting clear calculations with appropriate labeling
• Adding brief comments and justifications alongside numerical work
• Understanding financial calculators is helpful but not mandatory

The ACCA course incorporates these technical skills into training. Many online providers mirror

Additional Resources and Where to Study

To compare ACCA course price, ACCA course fees, and flexible options for the ACCA my acca dashboard, explore these trusted institutions:

• 🔗 ACCA Global – Official Website
• 🔗 OpenTuition – Free ACCA FM Materials
• 🔗 Serrari Ed
• 🔗 Kaplan – Online and Classroom ACCA Courses

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