Unofficial practice for the ACCA Advanced Financial Management (AFM) exam. Not affiliated with or endorsed by ACCA.

Timed practice exam

Advanced financial management practice exam 1

The whole exam in its structure: 3 written questions, 100 marks in 3 hours 15 minutes. Section A: a case study of 50 marks. Section B: two questions of 25 marks.

  • The case study ends with 10 professional skills marks and each Section B question with 5, on the criteria the question states.
  • The formulae sheet and the present value and annuity tables are one tap away, as in the exam. Where a question needs N(d), it gives the values.
  • Check each figure as you enter it, and ask Mia to read each written part. She says which points your answer makes and what to add, with no mark, so the paper gives no pass or fail.
  • When the clock reaches zero the desk locks and the result opens. You can also hand in early.
  • Unofficial practice with original questions, written to the structure of the ACCA Advanced Financial Management exam.
Formulae and tables