€0
All 63 drills, with 3 full Ezra teach-throughs. No card.
- Every AFM drill, free to attempt
- 3 full teach-throughs with Ezra
- No card, no commitment
ACCA AFMAdvanced Financial Management
Failed AFM? Find where the execution broke.
By the time you sit AFM you already know the models. It is passed by executing them without a slip, under a clock. On investment-appraisal drills, the figures in your answer are checked against the worked answer: you see which are right, which aren’t, and the step to fix first. Ezra coaches the fix; he never hands over the number.
Built on the live S26–J27 syllabus · 63 drills · 3 full Ezra teach-throughs included.
Resit diagnosis: free, 3 minutes, no sign-up. Practice: free to attempt with a quick email sign-in.
Ezra
Discounted cash flow techniques
ACCA AFM · B1a · GenFlex-7
Y3 13.5 x 1.035 = 14.0 … Net cash flows: Y3 12.1; Y4 15.2 … NPV = +0.1
S
E
Hint
Your nominal operating cash flow for year 3 is not right — it is too low.
Start with your nominal operating cash flow for year 3: it has one year of inflation applied, and a year-3 flow carries three. … Your net present value … built on it, so they will change once it is fixed.
Rework that step first, then carry it through to your NPV and recommendation.
Reply to Ezra…
↵
The answer stays sealed · Ezra online 24/7
Real tutor reply, shortened · AFM drill GenFlex-7, walk 05/10/2026
Free resit diagnostic
Failed AFM? Find out exactly why — in 3 minutes.
Your result slip gives you the score, not the reason. Three quick steps — your score, how each area went, and six honest questions about how you write — and you get a personalised resit plan. No sign-up needed.
The real test
AFM is not a knowledge test. It is an execution test.
AFM examiner reports repeatedly highlight errors around the calculation — wrong assumptions, incomplete advice, not using the result.
Near-correct answer
Contract count right. Sell direction right. Both the rate-rise and rate-fall scenarios reconcile to the same 4.95% — so the answer reads as confirmed.
Diagnosis
The 0.15pp unexpired basis was never subtracted. The omission hits both scenarios equally, so the candidate’s own cross-check reconciles just as cleanly at the wrong rate.
Reference answer
Subtracting the unexpired basis gives 4.80%, not 4.95%. Scored component by component: 2 of 7 pass, and all 5 failures trace to that one missed step.
The candidate’s own self-check will not catch this. Marking has to.
The approachTaught, not just marked
Taught, not just marked.
Gradd names the step that broke, and Ezra coaches the fix.
01 / Diagnosis
Names the step that broke.
On investment-appraisal drills, the figures in your answer are checked against the worked answer, and you’re told where to start — the inflation applied, the year the tax is paid, how a figure was built — and what depends on it.
02 / Marking
Marks the instruction, not just the outcome.
A hedge answer is a set of instructions to the board, not just a final figure. Advise and recommend requirements are marked against an advice standard: a recommendation developed from your own figures and the risks, not a one-word “accept”.
03 / Failure modes
Built on how AFM answers actually fail.
A calculation nobody asked for. A discussion abandoned after one wrong number, when the marks after it were still earnable. An assumption listed but never developed. The errors AFM examiner reports repeatedly highlight, coached out of you.
The loop
How a teach-through works.
- 1Attempt the drill.
- 2Ezra marks it against the requirement.
- 3He names the failure mode.
- 4You rework the answer.
- 5Solve it, or make two real attempts, and the worked answer opens.
Professional skills
The marks examiner reports keep flagging.
A fifth of every AFM answer is professional skills: assumptions challenged, a director’s claim tested, a board constraint respected. Gradd marks them against AFM’s own published descriptors and names the evidence.
Communication
Structure, a decisive conclusion, report style.
Analysis & evaluation
Developed points, a recommendation that follows from your own figures.
Scepticism
Challenging assumptions, a director’s claim, a stated constraint.
Commercial acumen
Business impact, scenario-specific application.
Professional skills7/10
Scepticismstrong
“challenged the stated 4% return target against the board’s own constraint, rather than accepting the director’s figure at face value…”
Analysis & evaluationcompetent
“states both NPV outcomes but stops short of a recommendation — the report ends without a decision…”
Marked against AFM’s own published professional-skills descriptors, with the evidence named.
What's included
Built where the marks are awarded.
Every AFM sitting draws on sections B and E — investment appraisal, financing, treasury and risk — so that is where Gradd is built first.
Drills
63 exam-style drills.
Sections B, E and A are live: investment appraisal & financing, treasury & risk, ethics & advisory. M&A and reorganisation (C and D) are next — it does not yet cover the whole syllabus.
Cases
5 practice cases.
Multi-exhibit, multi-requirement, marked as one case. In four of the five, the figures in your calculation are checked and you’re told which one to fix first.
Worksheet
A guided NPV worksheet.
On the four NPV drills: rows laid out the way an examiner expects, and every cell checked — ✓ right, ✗ not right, ↳ built on an earlier figure. Laptop or desktop; on a phone you answer in text.
Mock
AFM Mock Paper 1.
One 50-mark case plus two 25-mark questions, sat and timed as one paper — the same 3h 15m clock the real exam gives you.
The timed mock
Sit the paper. Find out where the marks — and the minutes — went.
One 50-mark case and two 25-markers, 3h 15m, one clock, marked as one paper. What comes back is not a score.
Turnaround
Marked when you finish.
Every requirement, technical and professional skills, per-case subtotals, one paper total. Re-sit it as often as you like.
Diagnosis
The figure, and the step.
The marker names where your working diverged — not just that it did.
“You used 95.00 and 96.80 rather than 94.85 and 96.65, so your gain was €132,000 not €168,000, so your rate was 4.95% not 4.80%.”
Pacing
Where the minutes went.
Requirement by requirement, against the marks available.
“End-of-paper collapse. Between submitting Q2 (ii) and finishing, 12 minutes elapsed across Q3 (i)–Q3 (ii), against a combined budget of 39 minutes.”
Measured submission to submission — not time on task.
Routing
It routes you back.
The debrief points you at drills in the syllabus areas where you lost marks.
How it compares
Marked when you finish — not a self-check or a wait of days.
| ACCA’s Practice Platform | Tutor-marked mocks | Gradd | |
|---|---|---|---|
| Marks your written answer | You do — against a model answer | A tutor | Ezra, against the requirement |
| Marking turnaround | Instant, self-graded | Days | Minutes |
| Names the step where your figure diverged | — | Tutor’s discretion | On investment appraisal and case calculations |
| Professional skills, against AFM’s own descriptors | — | Tutor’s discretion | ✓ |
| Full timed mock paper | Past papers, unmarked | Varies by provider | AFM Mock Paper 1, marked as one paper |
| Attempts | Unlimited | Varies by provider | Every attempt marked |
| Cost for the sitting | Free | Varies by provider | €99 for the whole sitting |
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Pricing
Free to start. AFM access when you need it — priced on its own.
Upgrade for unlimited coaching, the practice cases, marking and the timed mock.
€99one-time · 90 days
The 5 practice cases, AFM Mock Paper 1 and professional-skills marking, with unlimited coaching, through your sitting.
- Unlimited teach-throughs with Ezra
- 5 practice cases + professional-skills marking
- AFM Mock Paper 1, marked as one paper
- One payment — no recurring charge
€49/ month
Everything in the pass, month to month.
- Unlimited teach-throughs with Ezra
- 5 practice cases + professional-skills marking
- AFM Mock Paper 1, marked as one paper
- Cancel any time
AFM only, priced on its own. Drills cover sections B, E and A; C and D are next.
FAQ
Questions, answered.
- Is this based on the current AFM syllabus?
- Yes — S26–J27, verified against the official study guide.
- How is this different from a general AI chatbot?
- Structured drills and cases built from the syllabus and the errors AFM examiner reports repeatedly highlight, sealed reference answers, and professional-skills marking against AFM’s own descriptors.
- Can I use it if I failed before?
- Yes — built for exactly that: finding the execution slip that lost you the marks, not just the topic.
- Does it give model answers?
- Yes — once you’ve solved the drill, or after two real attempts (on the exam pass).
- What’s free?
- All 63 drills to attempt, 3 full teach-throughs, no card.
- What do I pay for?
- Unlimited teach-throughs, 5 practice cases, professional-skills marking, AFM Mock Paper 1.
Every drill free to attempt · No card
Preparing for the next AFM sitting?
Upgrade when you commit to the sitting.
€99 for 90 days or €49/month · AFM only, priced on its own