To develop the knowledge and skills expected of a finance manager, in relation to financial decisions.
Financial management function: Introduction, nature and
purpose of financial management; Financial objectives and
relationship with corporate strategy; Stakeholders and impact on
corporate objectives; Financial and other objectives in not-for-
profit organizations
Financial management environment: Economic environment
for business; nature and role of financial markets, institutions and
money market
Working Capital Management: Introduction, nature, elements
and importance of working capital; Management of inventories,
accounts
receivable, accounts payable and cash;
Determining working capital needs and funding strategies
Investment Appraisal: Investment appraisal techniques;
Allowing for inflation and taxation in investment appraisal
Adjusting for risk and uncertainty in investment
Appraisal Specific investment decisions (lease or buy;
asset replacement, capital rationing)
Business finance: Sources of and raising business finances, their
relative costs; Estimating the cost of capital, Capital structure
theories and practical
Considerations; Finance for small and medium sized entities
Business valuations: Nature and purpose of the valuation of
business and financial assets; Models for the valuation of shares;
valuation of debt and other financial assets;
Efficient market hypothesis (EMH) and practical considerations in
the valuation of shares
Risk management: nature and types of risk and approaches to
risk management; Causes of exchange rate differences and
interest rate fluctuations; Hedging techniques for foreign currency
risk and interest rate risk
Study material of ACCA
Agarwal MR- “Financial Management” Garima Publication, Jaipur
Agarwal & Agarwal "Financial Management" RBD Publication. Jaipur
Bhalla, V.K., “Financial Management & Policy,” (Anmol Publications, Delhi).. Chandra, P., “Financial Management- theory and practice”, (Tata Mc Graw Hill).
Rustagi, “Fundamentals of Financial Management”,( Galgotia Publishing House, Delhi)
Khan M.Y- Indian Financial Management, Tata Mc Graw Hill, India
Maheshwari S.N –Financial Management, Sultan Chand and Sons, New Delhi
Horne, J.C. Van., “Fundamentals of Financial Management”, 9th ed. (New Delhi Prentice Hall of India 1995).
Khan and Jain., “Financial Management text and problems”, 2nd ed. ( Tata Mc Graw Hill New Delhi 1992).
Pandey, I.M., “Financial Management”, Vikas Publications
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless