## Overview

Our free ACCA FM Cost of Capital and Capital Structure notes cover everything you need to know for this module. From cost of equity and preference shares to cost of debt and WACC, and gearing, beta, and structure theories, 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 FM. 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 FM topics. Check out our other free notes below:

- [Financial Management and the Environment](./acca-fm-financial-management-and-the-environment)
- [Risk and Return, Portfolio Theory, and CAPM](./acca-fm-risk-and-return-portfolio-theory-and-capm)
- [Working Capital Management](./acca-fm-working-capital-management)
- [Investment Appraisal](./acca-fm-investment-appraisal)
- [Cost of Capital and Capital Structure](./acca-fm-cost-of-capital-and-capital-structure)
- [Business Finance Sources](./acca-fm-business-finance-sources)
- [Dividend Policy and Share Transactions](./acca-fm-dividend-policy-and-share-transactions)
- [Business Valuations](./acca-fm-business-valuations)
- [Foreign Exchange and Interest Rate Risk Management](./acca-fm-foreign-exchange-and-interest-rate-risk-management)
- [Treasury and Short-term Financing](./acca-fm-treasury-and-short-term-financing)

## 1. Cost of equity and preference shares

- [Dividend Growth Model Application](./acca-fm-cost-of-equity-and-preference-shares-dividend-growth-model-application)
- [CAPM-based Cost of Equity](./acca-fm-cost-of-equity-and-preference-shares-capm-based-cost-of-equity)
- [Preference Share Valuation and Yield](./acca-fm-cost-of-equity-and-preference-shares-preference-share-valuation-and-yield)

## 2. Cost of debt and WACC

- [Irredeemable and Redeemable Debt Yields](./acca-fm-cost-of-debt-and-wacc-irredeemable-and-redeemable-debt-yields)
- [After-tax Cost and Weighting Choices](./acca-fm-cost-of-debt-and-wacc-after-tax-cost-and-weighting-choices)
- [WACC vs Marginal Cost of Capital](./acca-fm-cost-of-debt-and-wacc-wacc-vs-marginal-cost-of-capital)

## 3. Gearing, beta, and structure theories

- [Asset vs Equity Beta and Relevering](./acca-fm-gearing-beta-and-structure-theories-asset-vs-equity-beta-and-relevering)
- [MM Propositions with and without Tax](./acca-fm-gearing-beta-and-structure-theories-mm-propositions-with-and-without-tax)
- [Trade-off, Pecking Order, and Practical Factors](./acca-fm-gearing-beta-and-structure-theories-trade-off-pecking-order-and-practical-factors)


Free ACCA FM Cost of Capital and Capital Structure Study Guide