Financial management function and Environment
• 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
• Economic environment for business; nature and role of financial markets, nature and role of 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 and Business Finance
• 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)
• Sources of and raising business finance, Estimating the cost of capital, Sources of finance and their relative costs , 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