Financial Management (FM) - Syllabus and study guide - September 2025 to June 2026

Oct 22, 2026

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Financial Management (FM) syllabus and study guide for September 2025 to June 2026 outlining the knowledge, skills, and professional capabilities expected from a finance manager. It defines learning aims across investing, financing, dividend policy decisions, the economic environment, working capital management, investment appraisal, and business/asset valuation principles. The guide also covers risk management techniques and the required digital and employability skills for computer-based examination delivery, including interactive question item types and technology-supported response preparation.

LanguageEnglish

CategoryExam

FormatPDF

Pages19

Reading Time48 min

AccessFree to download

Introduction to the syllabus

Main capabilities

Intellectual levels

The syllabus

Detailed study guide

Summary of changes to Financial Management (FM)

Approach to examining the syllabus

Relational diagram linking Financial Management (FM) with other exams

Guide to ACCA examination structure and delivery mode

The structure of ACCA qualification

Guide to ACCA examination assessment

Learning hours and education recognition

(FM) reserved Financial Management (FM) Syllabus and study guide. September 2025 to June 2026 Designed to help with planning study and to provide detailed information on what could be assessed in any examination session Financial Management (FM) Contents 1. Introduction to the syllabus ................................................................................................ 3 2. Main capabilities ................................................................................................................ 4 3. Intellectual levels ............................................................................................................... 5 4. The syllabus ....................................................................................................................... 6 5. Detailed study guide ........................................................................................................... 8 6. Summary of changes to Financial Management (FM) ......................................................... 15 7. Approach to examining the syllabus .................................................................................. 15 8. Relational diagram linking Financial Management (FM) with other exams ........................... 16 9. Guide to ACCA examination structure and delivery mode .................................................. 16 10. The structure of ACCA qualification ................................................................................ 18 11. Guide to ACCA examination assessment ........................................................................ 18 12. Learning hours and education recognition ....................................................................... 19 2 © ACCA 2025-2026 All rights reserved. Financial Management (FM) 1. Introduction to the syllabus The aim of the syllabus is to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions. The syllabus for Financial Management (FM) is designed to equip candidates with the skills that would be expected from a finance manager responsible for the finance function of a business. It prepares candidates for more advanced and specialist study in Advanced Financial Management (AFM) . The syllabus, therefore, starts by introducing the role and purpose of the financial management function within a business. Before looking at the three key financial management decisions of investing, financing, and dividend policy, the syllabus explores the economic environment in which such decisions are made. The next section of the syllabus is the introduction of investing decisions. This is done in two stages- investment in (and the management of) working capital and the appraisal of long-term investments. The next area introduced is financing decisions. This section of the syllabus starts by examining the various sources of business finance, including dividend policy and how much finance can be raised from within the business. It also looks at the cost of capital and other factors that influence the choice of the type of capital a business will raise. The principles underlying thevaluation of business and financial assets, including the impact of cost of capital on the value of business, is covered next. The syllabus then covers an introduction to, and examination of, risk and the main techniques employed in managing such risk. Section H of the syllabus contains outcomes relating to the demonstration of appropriate digital and employability skills in preparing for and taking the FM examination. This includes being able to interact with different question item types, manage information presented in digital format and being able to use the relevant functionality and technology to prepare and present response options in a professional manner. These skills are specifically developed by practicing and preparing for th

FAQs

What knowledge and skills does the Financial Management (FM) syllabus aim to develop?

It aims to develop knowledge and skills expected of a finance manager, including investment, financing, and dividend policy decision-making within a business.

Which core decision areas are covered in the syllabus?

The syllabus covers investing decisions (including working capital and long-term investment appraisal), financing decisions (sources of finance and cost of capital), and dividend policy considerations.

How are digital and employability skills assessed in the FM examination?

Section H includes outcomes requiring appropriate digital and employability skills, such as interacting with different question item types, managing information in digital format, and using relevant technology to prepare and present professional response options during the live exam.

Oct 22, 2026

Uploaded by Melati