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How to approach Financial Management (FM)

What is FM about? Steps to Tackling


Financial Management provides you with the skills required success the exam
to effectively manage the finance function of an organisation.
✓ If possible, study with an Section A (30 marks)
Approved Learning Partner
and with Approved Content 15 objective test (OT) questions,
n 
each worth 2 marks
✓ Study the whole syllabus
FM: An overview ✓ Practice exam style and standard Section B (30 marks)
questions, to time, using the
ACCA Practice Platform Three OT cases, each containing
n 
CORPORATE OBJECTIVES AND STAKEHOLDER OBJECTIVES a scenario with five OT questions worth
✓ Develop your ability to construct 2 marks each, 10 marks per case
effective written response answers

Financial
Approaches ✓ Ensure you are competent
to risk working in the Computer Based
objectives Tips for answering
management Exam environment
OT questions
✓ Attempt at least two full exams
✓ Read the question carefully
R under exam conditions, debrief
K Working Foreign I your answers, then focus your ✓ Think before answering, don’t rush!
E capital exchange S study on weaker areas ✓ 
Answer all questions even if unsure
management risk of the answer
Y K

D M
E
Business
Effective Foreign A Key Section C (40 marks)
C finance exchange N
I
finance
manager hedging A resources Two scenarios which relate to one
n 
or more requirement(s)
S G
I E n Examiner approach
O M n Objective test questions for
Interest Tips for answering
Investment session CBEs
N rate E
appraisal Section C questions
S hedging N n Guide to session CBEs
T n How to approach discursive ✓ 
Plan your answer
questions in FM ✓ 
Answer the requirement directly
n Examining team guidance ✓ Refer to the scenario
Business Interest
valuations rate risk n ACCA Practice Platform ✓ Break your answer up with headings
n Working capital management ✓ Be clear and concise, but ensure you
n Dividend theory develop each point in your answer
n Inflation and investment appraisal ✓ Attempt all parts of all questions
THE ECONOMIC ENVIRONMENT FOR BUSINESS
n Read the mind of the FM marker

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