Aim
The aim of the syllabus is to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.Objective of the Syllabus
Discuss the role and purpose of the financial management function
Assess and discuss the impact of the economic environment on financial management
Discuss and apply working capital management techniques
Carry out effective investment appraisal
Identify and evaluate alternative sources of business finance
Discuss and apply principles of business and asset valuations
Explain and apply risk management techniques in business.
The syllabus is assessed by a three hour computer based examination.
All questions are compulsory. The exam will contain both computational and discursive elements.
Some questions will adopt a scenario/case study approach. Prior to the start of the exam candidates are given an extra 10 minutes to read the exam instructions.
Section A of the computer-based exam comprises 15 objective test questions of 2 marks each plus additional content as per below.
Section B of the computer-based exam comprises three questions each containing five objective test questions plus additional content as per below.
Section C of the exam comprises two 20-mark constructed response questions. The two 20-mark questions will mainly come from the working capital management, investment appraisal and business finance areas of the syllabus. The section A and section B questions can cover any areas of the syllabus.
Candidates are provided with a formulae sheet and tables of discount and annuity factors.