The ACCA Financial Management (FM) exam is one of the core papers in the Applied Skills level of the ACCA qualification — and a critical milestone for anyone pursuing a career in corporate finance, investment analysis, or financial planning. In this comprehensive blog post, we break down everything you need to know about the FM paper: from the structure and format of the exam to a detailed overview of the syllabus topics, including working capital management, investment appraisal, business valuations, and risk management.

We’ll also explore the most common challenges students face with FM and share practical strategies to help you avoid pitfalls and improve your exam technique. Whether you’re self-studying or learning through Kaplan, this guide includes expert insights on how to effectively approach theoretical questions, master key calculations, and manage your time during the exam. Plus, you'll learn how Kaplan’s study resources — including Live Online sessions, OnDemand learning, and tutor-led revision — can give you the confidence and preparation needed to pass.

Whether you're preparing for your first attempt or retaking the exam, this blog is your go-to resource for understanding, mastering, and succeeding in ACCA FM.