CAP2 Print + digital
CAP2 Auditing & Assurance Study Notes
Audit risk, evidence, procedures, controls, ethics, reporting, and exam-ready decision frameworks.
Printed notes €85
Digital notes €45
Print + digital €105 Save €25
CAP2
CAP2 Strategic Finance & Management Accounting (SFMA) Study Notes
CAP2 SFMA notes for strategic finance, investment appraisal, valuation, treasury, costing, budgeting, variances, and performance.
What's included
This pack is built for calculation and recommendation. It helps students choose the correct method, build the calculation, interpret the result, and explain the business consequence.
- Covers strategic finance, investment appraisal, valuation, treasury, costing, budgeting, and performance.
- Includes formula cards, calculation skeletons, and integration maps.
- Built for method selection, not formula dumping.
- Connects numbers to narrative recommendations.
- Available in printed format, with digital access where selected.
Coverage areas
Strategic Finance & Investment DecisionsValuation, M&A, Treasury & RiskCosting, Budgeting & Variance AnalysisPerformance, Transfer Pricing & Business Advice
What's inside the pack.
Each ACA Notes module is split into three practical parts. Part C teaches the subject, Part B turns it into exam-ready competency notes, and Part A gives you the tools for final revision and exam execution.
Part C - Long-form Notes
Part C — Learn the subject
Strategic finance, investment appraisal, working capital, sources of finance, cost of capital, capital structure, valuation, M&A, treasury, risk management, costing, budgeting, variances, transfer pricing, and performance are taught as connected business finance and management accounting.
- Builds the finance and management accounting spine across appraisal, valuation, treasury, costing, budgeting, and performance.
- Explains formulas through business decisions and interpretation.
- Connects calculation methods to commercial consequences.
Part B - Mastery Notes
Part B — Turn knowledge into exam judgement
The material is reorganised around exam judgement: selecting the right method, interpreting the result, explaining the business implication, and making recommendations rather than stopping at the calculation.
- Focuses on method selection, interpretation, and recommendation.
- Targets the gap between getting a number and explaining what it means.
- Turns calculations into exam-ready advice.
Part A - Exam Desk
Part A — Execute under exam conditions
The tools focus on calculation and advice execution: formula cards for finance and costing techniques, investment appraisal skeletons, valuation and M&A routes, FX and interest-rate hedge frameworks, working-capital and budgeting structures, variance-analysis routes, and performance recommendation skeletons.
- Includes formula cards, appraisal skeletons, valuation routes, hedge frameworks, and variance routes.
- Provides structures for working capital, budgeting, transfer pricing, and performance advice.
- Supports calculation setup, interpretation, and recommendation writing.
See the Notes
We provide a substantial free sample — approximately 10% of the full notes, typically 30–45 pages — so you can review the structure, tone, and depth before purchasing.
What Students Say
I honestly found FAE Core so hard to get my head around at the start because it covers such a mix of topics. These notes made it all feel a lot more manageable. They helped me tie together strategy, leadership, risk, sustainability and the data side of things in a way that actually stuck.
What I liked most was that the notes did not feel overly academic or dragged out. FAE Core can get overwhelming quickly, especially when you are trying to cover things like governance, risk, AI and business strategy all at once. These notes made it much easier to manage.
I used these notes when I was struggling to bring my answers up to FAE standard. They helped me think more commercially and link different parts of the syllabus together instead of treating everything as separate topics. The real world examples were really great too.
Pack options
Refund policy applies — see terms. Full details →
Tracked shipping Digital access where selected Refund policy applies