These are short notes, summarised ACCA Financial Management notes. click on the subtopic titles below to open the notes.
FINANCIAL MANAGEMENT FUNCTION
- The nature and purpose of financial management
- Financial objectives and the relationship with corporate strategy
- Stakeholders and impact on corporate objectives
- Financial and other objectives in not-for-profit organisations
FINANCIAL MANAGEMENT ENVIRONMENT
- The economic environment for business
- The Nature and Role of Financial Markets and Institutions
- The nature and role of money markets
WORKING CAPITAL MANAGEMENT
- The 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 DCF
- Adjusting for risk and uncertainty in investment appraisal
- Specific investment decisions
BUSINESS FINANCE
- 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 (SMEs)
BUSINESS VALUATIONS
- Nature and purpose of the valuation of business and financial assets
- Models for the valuation of shares
- The valuation of debt and other financial assets
- Efficient Market Hypothesis (EMH) and practical considerations in the valuation of shares
RISK MANAGEMENT
- The 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
- Hedging techniques for interest rate risk