## Overview

Our free ACCA APM Investment Appraisal and Value Creation notes cover everything you need to know for this module. From DCF techniques to value based management metrics, 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 APM. 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 APM topics. Check out our other free notes below:

- [Strategic performance management and control](./acca-apm-strategic-performance-management-and-control)
- [Performance measurement frameworks and KPIs](./acca-apm-performance-measurement-frameworks-and-kpis)
- [Data information and analytics for performance](./acca-apm-data-information-and-analytics-for-performance)
- [Budgeting forecasting and planning](./acca-apm-budgeting-forecasting-and-planning)
- [Variance analysis and performance improvement](./acca-apm-variance-analysis-and-performance-improvement)
- [Strategic costing and pricing decisions](./acca-apm-strategic-costing-and-pricing-decisions)
- [Divisional performance and transfer pricing](./acca-apm-divisional-performance-and-transfer-pricing)
- [Risk uncertainty and decision analysis](./acca-apm-risk-uncertainty-and-decision-analysis)
- [Performance reporting behaviour and ethics](./acca-apm-performance-reporting-behaviour-and-ethics)

## 1. DCF techniques and complexities

- [NPV IRR and modified IRR interpretation](acca-apm-dcf-techniques-and-complexities-npv-irr-and-modified-irr-interpretation.md)
- [Taxation inflation and working capital effects](acca-apm-dcf-techniques-and-complexities-taxation-inflation-and-working-capital-effects.md)
- [Project appraisal with capital rationing](acca-apm-dcf-techniques-and-complexities-project-appraisal-with-capital-rationing.md)

## 2. Risk incorporation in appraisal

- [Risk adjusted discount rates and certainty equivalents](acca-apm-risk-incorporation-in-appraisal-risk-adjusted-discount-rates-and-certainty-equivalents.md)
- [Sensitivity scenario and simulation](acca-apm-risk-incorporation-in-appraisal-sensitivity-scenario-and-simulation.md)
- [Real options intuition and strategic flexibility](acca-apm-risk-incorporation-in-appraisal-real-options-intuition-and-strategic-flexibility.md)

## 3. Value based management metrics

- [Economic value added and capital charge](acca-apm-value-based-management-metrics-economic-value-added-and-capital-charge.md)
- [Shareholder value analysis drivers](acca-apm-value-based-management-metrics-shareholder-value-analysis-drivers.md)
- [Linking value metrics to KPIs and rewards](acca-apm-value-based-management-metrics-linking-value-metrics-to-kpis-and-rewards.md)


Free ACCA APM Investment Appraisal and Value Creation Study Guide