How long does it take to complete the FM course?

The FM 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.

FM · Applied Skills · ACCA

Financial Management

Financial Management (FM) covers investment appraisal, business finance, working capital management, business valuations, and risk management techniques. It equips you with the tools to make and evaluate financial decisions at a corporate level.

112 lessons Pass guarantee

What you'll learn

Investment appraisal: NPV, IRR, payback
Sources of finance and capital structure
Working capital management
Business valuations: DCF and market-based methods
Foreign exchange risk management
Interest rate risk management

Objective Test Exam

FM 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

180

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. Financial management function

Understand the role of the finance function in value creation. This section explores financial objectives, stakeholder interests, the finance manager’s responsibilities, and how financial decisions support strategy and shareholder wealth.

1 module · 1 lesson

B. Financial management environment

Explore the external context in which financial decisions are made. You’ll cover capital markets, interest rates, inflation, exchange rates, and the global financial environment, all of which impact financial planning and risk.

2 modules · 12 lessons

C. Working capital management

Learn how to manage short-term resources efficiently. This section covers cash, receivables, payables, and inventory management strategies, including the cash operating cycle and financing options.

4 modules · 21 lessons

D. Investment appraisal

Master tools for evaluating capital investment decisions. You’ll study NPV, IRR, payback, and other techniques, learning how to account for inflation, risk, and tax impacts when assessing long-term projects.

4 modules · 21 lessons

E. Business finance

Understand how companies raise finance. This section covers equity, debt, and hybrid sources, their cost implications, and how gearing affects financial risk and performance metrics.

6 modules · 37 lessons

F. Business valuations

Explore how businesses and shares are valued. You’ll learn key valuation techniques, including asset-based, income-based, and market-based methods—plus how assumptions and market conditions influence valuation outcomes.

1 module · 6 lessons

G. Risk management

Learn how to identify and manage financial risks. This section covers interest rate and exchange rate risk, including hedging techniques using derivatives and operational strategies.

2 modules · 14 lessons

FM practice exam 1

Coming soon

Refine your approach by working through full practice exams with tutor commentary. You’ll see how to tackle each section effectively, avoid common errors, and apply technical knowledge under time pressure.

3 modules

FM practice exam 2

Coming soon

3 modules

Get access

Financial Management

£199 lifetime access

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

Get FM — £199 View all pricing options

How it works for FM

Step 1

Learn

Grasp the FM syllabus fast.

112 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 FM exam before you sit it for real.

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

60-question mock examsWorked explanationsUnlimited attemptsPerformance tracking

Step 3

Diagnose

Stop revising FM topics you already know.

After every mock, VIVA maps your FM 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

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Frequently asked questions

Most students complete FM 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 FM syllabus is covered across the video lessons and practice questions.

Yes — your course includes unlimited objective test practice with 60-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.