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Advanced Financial Management (AFM) Course

Home » Courses » ACCA Course – Full Syllabus Training & Support » Advanced Financial Management (AFM)
About the AFM exam

In the ACCA Advanced Financial Management or AFM exam, you will apply relevant knowledge and skills and exercise professional judgment that are expected of a senior financial executive or advisor in taking or recommending decisions relating to the financial management of organisations in the private and public sectors.

A professional headshot of Vignesh, a successful student at Phoenix Financial Training.
Vignesh Sivakumar
Syllabus

Our Advanced Financial Management course syllabus covers:

  • Role of senior financial adviser in the multinational organisation
  • Advanced investment appraisal
  • Acquisitions and mergers
  • Corporate reconstruction and reorganisation
  • Treasury and advanced risk management techniques
  • Professional skills
  • Employability and technology skills
Exam structure

The AFM exam is entirely compulsory. It is a 3-hour-and-15-minute computer-based exam with a 50% pass mark.

Download the complete AFM syllabus and study guide here.

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Frequently Asked Questions

The ACCA Advanced Financial Management (AFM) exam focuses on strategic financial decision-making. It prepares students to evaluate complex financial scenarios, manage financial risk, and make investment and financing decisions in a global context. The paper emphasizes applying professional judgment to real-world financial issues faced by businesses and financial managers.

ACCA AFM is considered one of the more challenging Strategic Professional papers due to its technical content and focus on analytical thinking. It requires a strong grasp of financial management principles and the ability to apply them in case-study style scenarios. Success depends on thorough preparation, consistent practice, and strong exam technique. PhoenixFT offers a well-structured ACCA AFM course with study materials and revision kits to help students prepare well for the exam. Contact us for more information about our study packages and how we can help you.

The ACCA AFM exam is three hours long, with an additional 10 minutes for reading and planning. It consists of two sections: one compulsory question (Section A) and two out of three optional questions (Section B). The exam is designed to test both technical knowledge and the ability to apply it in a professional context.
The pass mark for the ACCA AFM exam, like all ACCA papers, is 50 percent. Achieving this requires a balanced approach to all topics, strong application skills, and familiarity with the exam format.
ACCA Advanced Financial Management (AFM) is a Strategic Professional-level paper that should be taken after completing the Applied Skills exams. Passing the Financial Management (FM) paper is a prerequisite for attempting AFM (unless exempted), as it builds on the principles of FM. Choose a session when you can dedicate sufficient time for advanced preparation.

The ACCA AFM syllabus includes a wide range of topics such as investment appraisal, business valuations, risk management, financing decisions, international financial management, and treasury and working capital management. The paper also assesses ethical issues and the impact of economic and regulatory environments on financial decisions. At PhoenixFT, we cover the entire syllabus and provide you with study materials, revision kits, and tutor support. Contact us for more information about our AFM study packages and how to enroll.

Start by studying the official syllabus and using ACCA-approved learning resources. Focus on understanding the core principles of financial strategy, risk, and valuation. Practice extensively with past exam papers and mock exams under timed conditions. Enroll in a structured course for expert guidance, feedback, and structured learning. PhoenixFT offers flexible study packages for AFM that offer online or in-person classes taught by seasoned ACCA professionals. Contact us for more information on our study materials, revision kits, and how we can help you.

Yes, the ACCA AFM exam is delivered as a computer-based exam (CBE) in most countries. The digital format allows you to use spreadsheets and word-processing tools during the exam, closely simulating the modern finance workplace. Familiarity with the CBE platform is important for effective time management and performance. At PhoenixFT, we train our students through mock CBEs to help them prepare for the AFM exam. Contact us for more information about our course, the packages we offer, and how to enroll.

The ACCA AFM course equips you with advanced financial management skills, including strategic planning, investment appraisal, risk assessment, business valuation, and international finance. You also develop critical thinking, ethical judgment, and the ability to make sound financial decisions in complex, real-world scenarios. These skills are highly valued by employers worldwide. Contact PhoenixFT for more information about the ACCA AFM course and find out whether it is right for you.

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