FM is quite a technical paper, requiring complex calculations and application of techniques used in business scenarios.
You are required to understand the role of the financial manager responsible for the finance function of a business, relating to issues affecting investment, financing and dividend policy decisions.
The key syllabus areas are:
The FM exam is a 3 hour computer based exam. All questions are compulsory and will cover numerical and discursive elements. Some questions will adopt a scenario/case study approach.
Candidates are provided with a formulae sheet and tables of discount factors and annuity factors.
There will, inevitably, be a lot of time pressure in this exam. You must try not to spend too long on the computational side to the detriment of the written areas.
FM prepares those candidates who decide to go on to study Advanced Financial Management (AFM), at the professional level.