Credential type: professional designation earned by examination · verified on the issuer's site September 20, 2026 issuer page

Scheduled retirement

AFM retires on June 30, 2027

ACCA retires AFM/P4 on 2027-06-30. SCF is the named replacement path.

Prepare for SCF: Corporate Finance Professional (SCF)

Exam Domains

1 Strategic role of FM Weight not published

2 Advanced investment appraisal Weight not published

3 Acquisitions Weight not published

4 Risk management Weight not published

Exam Details

Question TypesObjective Test Questions (OTQ), Constructed Response

FormatLinear

Online ProctoringAvailable

ID RequirementsValid government-issued photo ID required. Name on ID must match ACCA registration exactly.

RenewalRequired -- Passed exams do not expire. Once qualified, ACCA members must complete 40 CPD hours per year (21 verifiable hours minimum). Annual membership subscription required to maintain active ACCA status.

PrerequisitesMust complete all Applied Skills exams; optional Strategic Professional paper

Retake PolicyMaximum 4 attempts per exam in total for Applied Knowledge CBEs (on-demand). Applied Skills and Strategic Professional: 4 exam sessions per year (March, June, September, December). Full exam fee required for each retake.

LanguagesEnglish

AFM Retires June 30, 2027: Transition Guide

AFM retires on June 30, 2027

Exam Domains

Exam Details

Official Study Resources