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ACCA Advanced Financial Management (AFM) · review course

ACCA-12 · Professional qualifications

CertiFi's review course for ACCA's Strategic Professional Options exam Advanced Financial Management (AFM). It follows ACCA's AFM syllabus and study guide for September 2026 to June 2027 (areas A–E): the senior financial adviser's role, advanced investment appraisal, cost of capital, real options and valuation, acquisitions and mergers, reconstruction, and foreign exchange and interest rate hedging, with step-by-step worked examples and a large bank of original case-based practice questions. Independent preparation course by CertiFi FZ LLC, not endorsed by ACCA.

Who it's for

ACCA students preparing for the AFM exam who want structured lessons, worked calculations and case-based practice that builds the judgement the written exam rewards.

What you'll be able to do

  • Advise on financial strategy, dividend capacity, transfer pricing and ethical and ESG issues for a multinational
  • Appraise projects using nominal NPV, MIRR, duration, VaR, project-specific costs of capital and adjusted present value
  • Value bonds, real options and companies using yield curves, Black-Scholes and free cash flow models
  • Evaluate acquisitions, offers and defences, financial reconstructions, unbundling and management buy-outs
  • Recommend foreign exchange and interest rate hedges using forwards, money market hedges, futures, options, swaps and netting

Lessons

  1. 1The AFM exam and the role of the senior financial adviserreading
  2. 2Ethics, international finance, dividend capacity and transfer pricingreading
  3. 3Advanced NPV: inflation, tax, sensitivity and capital rationingreading
  4. 4IRR, MIRR, project duration, simulation and value at riskreading
  5. 5Cost of capital: CAPM, asset betas and project-specific WACCreading
  6. 6Sources of finance, capital structure theory and adjusted present valuereading
  7. 7Credit risk, the yield curve, bond valuation and durationreading
  8. 8Real options and the Black-Scholes modelreading
  9. 9Business valuation and free cash flowsreading
  10. 10International investment appraisal and financingreading
  11. 11Acquisitions: growth strategy, synergy, regulation and defencesreading
  12. 12Valuing and financing acquisitionsreading
  13. 13Financial reconstruction and business reorganisationreading
  14. 14Treasury, derivatives markets and foreign exchange hedgingreading
  15. 15Hedging interest rate riskreading