## Overview

Our free ACCA AFM Capital Structure, Financing, and Payout Policy notes cover everything you need to know for this module. From capital structure theory to sources of finance and dividend policy, we've got you covered. Whether you're intensively reviewing or looking to solidify specific concepts, these notes provide added peace of mind, knowing that you have a comprehensive resource to help consolidate and revise effectively for ACCA AFM. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created detailed study guides for all ACCA AFM topics. Check out our other free notes below:

- [Strategic Financial Management and Professional Issues](./acca-afm-strategic-financial-management-and-professional-issues)
- [Advanced Investment Appraisal](./acca-afm-advanced-investment-appraisal)
- [Real Options and Strategic Investment Decisions](./acca-afm-real-options-and-strategic-investment-decisions)
- [Business Valuation and Corporate Transactions](./acca-afm-business-valuation-and-corporate-transactions)
- [Mergers, Acquisitions, and Restructuring](./acca-afm-mergers-acquisitions-and-restructuring)
- [Capital Structure, Financing, and Payout Policy](./acca-afm-capital-structure-financing-and-payout-policy)
- [International Finance and Treasury Management](./acca-afm-international-finance-and-treasury-management)
- [Risk Management: Foreign Exchange and Interest Rates](./acca-afm-risk-management-foreign-exchange-and-interest-rates)
- [Working Capital and Short-term Finance](./acca-afm-working-capital-and-short-term-finance)
- [Performance Measurement and Value Creation](./acca-afm-performance-measurement-and-value-creation)

## 1. Capital structure theory and practice

- [MM Propositions with and without Tax](./acca-afm-capital-structure-theory-and-practice-mm-propositions-with-and-without-tax)
- [Trade-off, Pecking Order, and Market Timing](./acca-afm-capital-structure-theory-and-practice-trade-off-pecking-order-and-market-timing)
- [Target Structure and Financial Flexibility](./acca-afm-capital-structure-theory-and-practice-target-structure-and-financial-flexibility)

## 2. Sources of finance

- [Equity, Debt, Mezzanine, and Hybrids](./acca-afm-sources-of-finance-equity-debt-mezzanine-and-hybrids)
- [Venture Capital, Private Equity, and IPOs](./acca-afm-sources-of-finance-venture-capital-private-equity-and-ipos)
- [Islamic Finance Instruments and Structures](./acca-afm-sources-of-finance-islamic-finance-instruments-and-structures)

## 3. Dividend and payout policy

- [Residual Policy, Stability, and Constraints](./acca-afm-dividend-and-payout-policy-residual-policy-stability-and-constraints)
- [Share Repurchases and Signalling Effects](./acca-afm-dividend-and-payout-policy-share-repurchases-and-signalling-effects)
- [Clientele Effects and Taxation Considerations](./acca-afm-dividend-and-payout-policy-clientele-effects-and-taxation-considerations)


Free ACCA AFM Capital Structure, Financing and Payout Policy Study Guide