## Overview

Our free ACCA AFM Real Options and Strategic Investment Decisions notes cover everything you need to know for this module. From types of real options to valuation methods and integration into appraisal, 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. Types of real options

- [Defer, Expand, Contract, Switch, and Abandon Options](./acca-afm-types-of-real-options-defer-expand-contract-switch-and-abandon-options)
- [Option Interactions and Compound Options](./acca-afm-types-of-real-options-option-interactions-and-compound-options)
- [Managerial Flexibility and Strategic Value](./acca-afm-types-of-real-options-managerial-flexibility-and-strategic-value)

## 2. Real option valuation methods

- [Binomial Lattices and Risk-neutral Valuation](./acca-afm-real-option-valuation-methods-binomial-lattices-and-risk-neutral-valuation)
- [Black-Scholes Inputs and Limitations](./acca-afm-real-option-valuation-methods-black-scholes-inputs-and-limitations)
- [Market-implied Parameters and Calibration](./acca-afm-real-option-valuation-methods-market-implied-parameters-and-calibration)

## 3. Integrating real options into appraisal

- [Expanding NPV to Strategic NPV](./acca-afm-integrating-real-options-into-appraisal-expanding-npv-to-strategic-npv)
- [Staging Investments and Learning Effects](./acca-afm-integrating-real-options-into-appraisal-staging-investments-and-learning-effects)
- [Competitive Interaction and Game Influences](./acca-afm-integrating-real-options-into-appraisal-competitive-interaction-and-game-influences)

Free ACCA AFM Real Options and Strategic Investment Decisions Study Guide