AFMLevel 3 · ACCAComing soon

Advanced Financial Management

High-stakes corporate finance — valuations, mergers, risk management and treasury.

Tuition fee
Fees on request
Strategic Professional
Paper code · AFM
Coming soon

Advanced Financial Management (AFM) is an optional Strategic Professional paper for those heading toward senior finance and treasury roles.

It extends FM into advanced investment appraisal, business valuations, mergers and acquisitions, and sophisticated risk management.

What you'll learn

  • The role and responsibility of the senior finance executive
  • Advanced investment appraisal
  • Acquisitions and mergers
  • Corporate reconstruction and reorganisation
  • Treasury and advanced risk management (including derivatives)
How it's examined

Scenario-based computer-based exam combining calculation and evaluation, with professional-skills marks.

Exam formats follow the current ACCA syllabus — always confirm the latest timings and structure on accaglobal.com.

Common questions

Is AFM a good option choice?+

It suits students strong in FM who enjoy corporate finance. We'll help you choose your two optional papers wisely.

How numerical is AFM?+

Very — but paired with evaluation. We focus on accurate models and clear commercial recommendations.

This paper is coming soon.

It's on the way. Register your interest and we'll let you know the moment a batch opens — and help you plan the papers you can start today.