ACCA Financial Management (FM) Study Text - 2026-27 (ACCA - 2026-27)

Fully covering the syllabus but without excessive detail, this book is written in clear English and uses an attractive, simple layout. With a large bank of practice questions and comprehensive solutions to help you with learning each topic, this book is an essential tool for passing your ACCA exam.This book covers everything you would expect from an exam-focused text:The financial management functionThe financial management environmentWorking capital managementManagement of working capital: inventory controlManagement of receivables and payablesCash managementIntroduction to investment appraisal and capital investment decisionsDiscounted cash flowDCF: taxation and inflationDCF: risk and uncertaintyCapital investment appraisal: further aspectsSources of equity financeSources of finance: debt capitalCapital structureFinance for small and medium sized entities (SMEs)Cost of capitalCapital asset pricing model (CAPM)Business valuationsForeign exchange riskInterest rate risk Read more