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 2 marks each, 10 marks per case
construct effective written
Approaches response answers
Financial
to risk ✓ Ensure you are competent
objectives Tips for answering
management working in the Computer Based
OT questions
Exam environment
✓ Read the question carefully
R ✓ Attempt at least two full exams
K Working Foreign I under exam conditions, debrief ✓ Think before answering, don’t rush!
E capital exchange S your answers, then focus your ✓ 
Answer all questions even if unsure
Y management risk
K study on weaker areas of the answer

D M
E Effective Foreign A
C
Business
finance
finance exchange N Key Section C (40 marks)
Two scenarios which relate to one
I hedging A n 
S
manager
G resources or more requirement(s)
I E
n The examiner’s approach to FM
O Interest M
Investment n Objective test questions for Tips for answering
N rate E
appraisal Applied Skills exams Section C questions
S hedging N
T n How to approach discursive ✓ 
Plan your answer
questions in FM ✓ 
Answer the requirement directly
n Examiner’s reports ✓ 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
THE ECONOMIC ENVIRONMENT FOR BUSINESS n Inflation and investment appraisal ✓ Attempt all parts of all questions
n Read the mind of the marker