OGExamPrep

Mock exam

Advanced Financial Management (AFM) mock exam

3 constructed-response questions in one continuous 3h 15m session — matching the official ACCA AFM exam duration. There's no answer feedback during the exam, just like the real thing; once you submit, you'll self-assess each answer against a model answer to get your full score report. Each attempt draws a fresh random set from our 100-question bank, so you can retake it without seeing the same questions twice.

Note: The real AFM exam is 100% constructed-response: 1 compulsory 50-mark question plus 2 of 3 optional 25-mark questions, 195 minutes, 100 marks. This mock draws 3 constructed-response questions at random from our bank each attempt, self-assessed on your results page against a model answer — it doesn’t enforce the real compulsory/optional split, and your score is a plain correct/total count rather than weighted marks.

Question bank coverage

Breakdown of the full 100-question bank this mock samples from — not every attempt draws from every area.

A1Objectives, agency, and stakeholder conflicts9
B1Adjusted Present Value (APV) and financing side effects11
B2Risk analysis in investment appraisal10
B3International investment appraisal9
C1Business valuation techniques11
C2Regulatory framework for mergers and acquisitions10
D1Debt restructuring and corporate reconstruction9
E1Interest rate risk management (FRAs, futures, swaps)11
E2Currency risk management11
F1Emerging issues: green finance and fintech9