To complete the ACCA Qualification exams you must complete two Essentials exams (Strategic Business Leader and Strategic Business Reporting) and then complete two from four Options exams. The Options exams cover in depth the specialist areas of professional accountancy, namely: financial management; performance management; tax; and audit and assurance.
Advanced Financial Management (AFM) is designed to enable candidates to learn relevant knowledge, techniques and skills, and to exercise professional judgment, in recommending or taking decisions relating to the financial management of a business.
If you have work experience in this area, or have ambitions to work in financial management, then this exam could be a good choice for you.
You should also think about how comfortable you are with the fundamental areas of financial management. There are materials in the section below which will help you reflect on the basic understanding of financial management and make a decision as to whether this exam is right for you.
Helping you pass this exam
The exam is mainly underpinned by Performance Management (PM). You can see the relationship between Advanced Financial Management (AFM) and Financial Management (FM) in the Essential underpinning knowledge for Options exams document.
ACCA has found that if you have a good knowledge of Financial Management (FM) then you are more likely to pass Advanced Financial Management (AFM). New materials available from Kaplan, one of our Gold Approved Learning Partners – content, have been designed to help you understand the relevant fundamental knowledge underpinning the Options exams. These materials will be a worthwhile investment before you begin studying for the Options exams.
For more information on Kaplan’s Options papers products, visit the Kaplan website
Making the best options choices
The options papers are the final exam hurdle. Peter Redfern, ACCA qualifications manager, explains how choosing options papers which you are most comfortable with will, hopefully, improve your chances of success.
Download the Making the best options choices guide: