ACCA Advanced Financial Management ACCA AFM P4 optional module

This optional ACCA AFM P4 Advanced Financial Management module is designed to help you build on your existing financial management skills gained in earlier modules. If you choose to study this module, you'll learn more about the role of senior financial executives, evaluating potential investment decisions, and how to plan and assess potential mergers and acquisitions. To achieve the full ACCA membership qualification you will need to complete this course, as well as 12 other modules. Alternatively, you can achieve your ACCA Strategic Professional qualification by completing the ACCA SBL P1 Strategic Business Leader and ACCA SBR P2 Strategic Business Reporting modules, as well as choosing two of the following optional modules:

• ACCA AFM P4 Advanced Financial Management
• ACCA APM P5 Advanced Performance Management
• ACCA AAA P7 Advanced Audit and Assurance

If you're looking to simply develop your management accounting knowledge, you can also study this course on its own. Read our guide to the ACCA course and modules.

Course Content

Section A Role of senior financial adviser in the multinational organisation

• The role and responsibility of senior financial executive/adviser
• Financial strategy formulation
• Ethical and governance issues
• Management of international trade and finance
• Strategic business and financial planning for multinational organisations
• Dividend policy in multinationals and transfer pricing

Section B Advanced investment appraisal

• Discounted cash flow techniques
• Application of option pricing theory in investment decisions
• Impact of financing on investment decisions and adjusted present values
• Valuation and the use of free cash flows
• International investment and financing decisions

Section C Acquisitions and mergers

• Acquisitions and mergers versus other growth strategies
• Valuation for acquisitions and mergers
• Regulatory framework and processes
• Financing acquisitions and mergers

Section D Corporate reconstruction and reorganisation

• Financial reconstruction
• Business reorganisation

Section E Treasury and advanced risk management

• The role of the treasury function in multinationals
• The use of financial derivatives to hedge against forex risk
• The use of financial derivatives to hedge against interest rate risk

Section F Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools