How long does it take to complete the AFM course?

The AFM course is designed for flexible learning. Most students complete it in 8-12 weeks studying 6-8 hours per week. You can progress at your own pace with lifetime access to all materials.

Do I get access to practice exams and mock assessments?

Yes — your course includes comprehensive practice questions, mock assessments, and exam-style scenarios with detailed feedback to help you identify areas for improvement.

What support is available during my studies?

You have access to expert tutors through discussion forums, weekly live Q&A sessions, and office hours. Our tutors are industry professionals with extensive teaching experience.

AFM · Strategic Professional · ACCA

Advanced Financial Management

Advanced Financial Management (AFM) covers complex corporate finance: M&A, treasury management, real options, advanced risk hedging, and international financial management. It's aimed at senior finance professionals advising on major strategic financial decisions.

125 lessons Pass guarantee

What you'll learn

Advanced investment appraisal: real options and APV
Mergers and acquisitions: valuation and financing
Treasury management and multinational finance
Complex foreign exchange risk management
Interest rate risk: advanced hedging instruments
Behavioural finance and decision-making

Objective Test Exam

AFM Objective Test

Computer-based exam taken at a Pearson VUE test centre. Sat independently — no aggregation of marks with other subjects. Available in March, June, September & December.

Questions

195

Minutes

50%

Pass mark

Sessions/yr

Practice Exams

Practice Questions

Test your understanding with practice questions covering every examinable topic. Get instant feedback and detailed explanations after every attempt.

Instant results with detailed explanations

Unlimited practice attempts

Performance tracking and analytics

Subject Access Required

Practice exams are available to all students with subject access. Get access to unlock unlimited practice exams with detailed explanations and performance analytics.

Subject access includes:

All video lessons

Unlimited practice exams

Detailed answer explanations

Performance analytics

Get Full Access

Study Plan

Personalized learning path

View Study Plan

What you'll study

A. Role of the senior financial adviser in the multinational organisation

Explore the strategic role of finance professionals in advising boards on value creation, risk, and stakeholder management within global operations.

5 modules · 17 lessons

B. Advanced investment appraisal

Apply advanced DCF techniques, including adjusted present value and real options. You'll also assess risk, financing effects, and sensitivity.

9 modules · 35 lessons

C. Acquisitions and mergers

Study how to evaluate, structure, and finance corporate takeovers. Topics include valuation methods, bid strategies, and regulatory considerations.

4 modules · 12 lessons

D. Corporate reconstruction and re-organisation

Understand strategies for dealing with financial distress, such as debt restructuring and spin-offs, and their impact on stakeholders.

2 modules · 4 lessons

E. Treasury and advanced risk management techniques

Explore techniques for managing interest rate, currency, and credit risks using instruments like swaps, options, and futures.

4 modules · 19 lessons

AFM practice exam 1

These debriefs help you unpack full-length AFM exams with expert commentary. You’ll refine calculations, narrative, and time strategy under pressure.

3 modules · 13 lessons

AFM practice exam 2

These debriefs help you unpack full-length AFM exams with expert commentary. You’ll refine calculations, narrative, and time strategy under pressure.

3 modules · 12 lessons

AFM specimen exam

These debriefs help you unpack full-length AFM exams with expert commentary. You’ll refine calculations, narrative, and time strategy under pressure.

3 modules · 13 lessons

Get access

Advanced Financial Management

£199 lifetime access

All video lessons, exercises and resources
Unlimited practice exams with detailed feedback

Get AFM — £199 View all pricing options

How it works for AFM

Step 1

Learn

Grasp the AFM syllabus fast.

125 lessons covering every examinable area — nothing more, nothing less. No 40-hour lecture series when 15 will do.

Expert-led video lessonsDownloadable course notesAI video assistant

Step 2

Practise

Sit the AFM exam before you sit it for real.

0-question objective test mocks replicating official ACCA conditions. Same format, same timing, same pressure. Full worked explanations for every answer.

0-question mock examsWorked explanationsUnlimited attemptsPerformance tracking

Step 3

Diagnose

Stop revising AFM topics you already know.

After every mock, VIVA maps your AFM strengths and weaknesses and rebuilds your study path around what actually needs work. Instant AI-enhanced marking with expert oversight. The speed of technology, the judgement of real experts.

Instant markingStrength & weakness mapSmarter sequencingExpert oversight

Not sure if AFM is your next step?

Find exactly what to buy next.

Tell us how far through ACCA you are. We'll show you the right course pack in 30 seconds.

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Frequently asked questions

Most students complete AFM in 8–12 weeks studying 6–8 hours per week. You have lifetime access so you can progress at your own pace.

Yes — every learning outcome in the AFM syllabus is covered across the video lessons and practice questions.

Yes — your course includes unlimited objective test practice with 0-question exams, instant feedback, and detailed explanations for every question.

Yes. If you complete the course and don't pass your exam, we'll refund your course fee in full. Terms apply — see our pass guarantee page for details.