ACCA FM · Financial Management

Everything you need to pass ACCA FM.

Covers investment appraisal, financing decisions, working capital management, business valuations, and financial risk. £149 on its own, or all six Applied Skills papers for £349, with lifetime access.

Buy FM · £149 See the Applied Skills pack

Modern tuition AI Tutor in every lesson Lifetime access as standard

3h exam length
Mar, Jun, Sep, Dec exam sessions
Applied Skills level
£149 on its own, lifetime access

Taught by experts

Real experts behind every FM course.

The qualified-accountant tutors who teach the paper, with an AI Tutor in every lesson.

Kelly Davison

Kelly Davison is VIVA's tutor for ACCA Financial Management (FM).

ACCA FM

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The syllabus

What FM covers.

Financial Management (FM) covers investment appraisal, business finance, working capital management, business valuations, and risk management techniques. It equips you with the tools to make and evaluate financial decisions at a corporate level.

Investment appraisal: NPV, IRR, payback
Sources of finance and capital structure
Working capital management
Business valuations: DCF and market-based methods
Foreign exchange risk management
Interest rate risk management

The course, section by section

7 sections · 112 lessons · 10h 21m of video

01 A. Financial management function 1 module1 lesson43m of video
1. Financial objectives 1 lesson 43m
  1. Overview, company objectives, stakeholders, performance measurement and not-for-profit objectives 43m
02 B. Financial management environment 2 modules12 lessons59m of video
1. The economic environment for business 6 lessons 28m
  1. Agenda 1m
  2. Introduction 6m
  3. Key policies 5m
  4. Economic objectives 8m
  5. Policy impacts 3m
  6. Other policies 5m
2. Financial markets, institutions and securities 6 lessons 31m
  1. Agenda 1m
  2. Introduction 4m
  3. Source of finance 10m
  4. Risk and return 3m
  5. Money market instruments 10m
  6. Market developments 3m
03 C. Working capital management 4 modules21 lessons2h 12m of video
1. The nature, elements and importance of working capital 6 lessons 33m
  1. Agenda 1m
  2. Introduction 5m
  3. Objectives of working capital management 4m
  4. Cash operating cycle 6m
  5. Working capital management 9m
  6. Working capital ratios 8m
2. Inventory control 5 lessons 26m
  1. Agenda 1m
  2. Overview 4m
  3. Managing inventory 7m
  4. Other inventory costs 10m
  5. Just-in-time 4m
3. Accounts payable and receivable 5 lessons 38m
  1. Agenda 1m
  2. Recap 3m
  3. Receivables 12m
  4. Managing receivables 15m
  5. Payables 7m
4. Managing cash and financing working capital 5 lessons 35m
  1. Agenda 1m
  2. The need for cash 1m
  3. Cash management 10m
  4. Mathematical approaches to cash management 16m
  5. Working capital policies 7m
04 D. Investment appraisal 4 modules21 lessons2h 27m of video
1. Investment appraisal techniques 6 lessons 46m
  1. Agenda 1m
  2. Overview 8m
  3. Payback period 21m
  4. Return on capital employed 4m
  5. Net present value 4m
  6. Internal rate of return 8m
2. Inflation and taxation in investment appraisal 5 lessons 36m
  1. Agenda 1m
  2. Overview 3m
  3. Taxation 15m
  4. Inflation 16m
  5. Exam approach 1m
3. Risk and uncertainty in investment appraisal 5 lessons 24m
  1. Agenda 1m
  2. Risk and uncertainty 3m
  3. Probability analysis 11m
  4. Sensitivity analysis 7m
  5. Other techniques 2m
4. Specific investment decisions 5 lessons 41m
  1. Agenda 1m
  2. Overview 2m
  3. Lease or buy 18m
  4. Asset replacement 9m
  5. Capital rationing 11m
05 E. Business finance 6 modules37 lessons2h 39m of video
1. Sources of finance 6 lessons 40m
  1. Agenda 1m
  2. Overview 3m
  3. Short-term finance 3m
  4. Long-term finance 12m
  5. Raising finance 17m
  6. SME financing 4m
2. Islamic finance 4 lessons 7m
3. Internal sources of finance and dividend policy 3 lessons 12m
  1. Agenda 1m
  2. Internal sources of finance 3m
  3. Dividend policy 8m
4. Estimating the cost of capital 14 lessons 56m
  1. Agenda
  2. Introduction 6m
  3. Cost of equity 1m
  4. Dividend valuation model 1m
  5. Dividend growth model 14m
  6. Capital asset pricing model 8m
  7. Cost of debt 1m
  8. Irredeemable debt 3m
  9. Redeemable debt 5m
  10. Convertible debt 1m
  11. Preference shares 1m
  12. Bank debt 1m
  13. Weighted average cost of capital (WACC) - part 1 8m
  14. Weighted average cost of capital (WACC) - part 2 6m
5. Capital structure theories 7 lessons 20m
  1. Agenda 1m
  2. Overview 5m
  3. Traditional view 3m
  4. Modigliani and Miller - part 1 3m
  5. Modigliani and Miller - part 2 1m
  6. Pecking order theory 1m
  7. Capital structure and risk 6m
6. Ratio analysis 3 lessons 24m
  1. Agenda
  2. Overview 5m
  3. Key ratios 19m
06 F. Business valuations 1 module6 lessons28m of video
1. Business valuations 6 lessons 28m
  1. Agenda 1m
  2. Overview 5m
  3. Asset based valuations 5m
  4. Income based valuation models 3m
  5. Cash flow based valuation models 11m
  6. Market efficiency 3m
07 G. Risk management 2 modules14 lessons53m of video
1. Currency risk management 10 lessons 35m
  1. Agenda 1m
  2. Introduction 8m
  3. Types of currency risk 3m
  4. Interest rate parity theory 5m
  5. Purchasing power parity theory 2m
  6. Four-way equivalence 4m
  7. Managing foreign currency risk 2m
  8. Forward exchange contracts 3m
  9. Money market hedges 6m
  10. Derivatives 1m
2. Interest rate risk management 4 lessons 18m
  1. Agenda 1m
  2. Overview 4m
  3. Interest rate risk 3m
  4. Managing risk 10m

Modern tuition

Expert video, with a tutor in every lesson.

Built and taught by people who have lectured this material for years, with an AI Tutor sitting inside each lesson to answer the question you have right now.

Experts Former Kaplan and BPP lecturers and academics from major UK universities.
AI Tutor Ask a question inside the lesson and get an answer grounded in that lesson.
Pick up where you left off Your progress is saved lesson by lesson, so you always come back to the right place.

AI Tutor in every lesson

"Can you go through the Sources of finance and capital structure part again, more simply?"

Of course. Here is the short version from this lesson, then the worked example again, one step at a time.

Investment appraisal: NPV, IRR, payback 4:12
Sources of finance and capital structure 7:38
Working capital management 5:02
Business valuations: DCF and market-based methods 9:20

ACCA Applied Skills

FM is one of the six Applied Skills papers. ACCA lets you sit them in whatever order suits you.

See all of Applied Skills →

Personalised ACCA pack

FM is £149 on its own, or Applied Skills for £349.

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Questions

The things students ask before buying.

What does the FM course include?

Expert video lessons from qualified-accountant tutors across the FM syllabus, with an AI Tutor in every lesson and your progress saved as you go. £149 on its own, with lifetime access.

How is FM examined?

The FM exam is 3h long. FM is sat in the March, June, September and December sessions.

Does the course cover the whole FM syllabus?

Yes. The video lessons cover every section of the FM syllabus, and the AI Tutor in each lesson answers questions on it as you study.

Do ACCA courses include mock exams?

ACCA courses are taught courses: video lessons with an AI Tutor in every lesson. Online mock exams with marking are part of our CIMA courses.

Is it cheaper to buy the whole Applied Skills level?

The Applied Skills pack is £349 and covers every paper in the level, however many you have left. Anything you have already bought comes off the pack price, so buying one paper first never costs you more.

How long do I have access?

Lifetime access, on every course. There is no subscription and no renewal - if you need to resit, or come back to the material years later, it is still there.

Ready for a clearer route to your FM exam?

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Get on with your life.

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Buy FM · £149