01 / ABOUT THIS PAPER
Built around the FM exam
Our FM course is organised into six areas: Financial Management Function, Working Capital Management, Investment Appraisal, Business Finance, Business Valuations and Risk Management. Each area comes with exam-style practice questions in the LMS.
Global pass rate: 47% (September 2026 sitting, source: ACCA)
02 / SYLLABUS
What the course covers
01
Financial Management Function
- The nature and purpose of financial management
- Financial objectives and relationship with corporate strategy
- Stakeholders and impact on corporate objectives
- Financial and other objectives in not-for-profit organizations
- Economic environment for business
02
Working Capital Management
- The nature, elements, and importance of working capital
- Management of inventories, accounts receivable, and payable
- Cash flow forecasting and treasury management
- Working capital funding strategies
- Working capital investment and financing policies
03
Investment Appraisal
- Investment appraisal techniques (NPV, IRR, Payback, ARR)
- Allowing for inflation and taxation in DCF
- Adjusting for risk and uncertainty in investment appraisal
- Specific investment decisions (lease or buy, asset replacement)
- Project appraisal and capital rationing
04
Business Finance
- Sources of, and raising, business finance
- Estimating the cost of capital (WACC)
- Sources of finance and their relative costs
- Capital structure theories and practical considerations
- Finance for small and medium-sized entities (SMEs)
05
Business Valuations
- Nature and purpose of the valuation of business
- Asset-based valuation models
- Income-based valuation models (DCF, earnings yield)
- Cash flow-based valuation models
- Market-based valuation models (P/E ratio)
06
Risk Management
- The nature and types of risk and approaches to risk management
- Causes of exchange rate differences and interest rate fluctuations
- Hedging techniques for foreign exchange risk
- Hedging techniques for interest rate risk
- Enterprise risk management
03 / YOUR TEACHERS
Meet your teachers
SS
Sheikh Siyaf
Managing Director
JF
Javeriya Firdous
Academic Director
More teachers will be added soon.
04 / KEEP EXPLORING