Professional Qualification Syllabus

SECTION NAME SYLLABUS KAPLAN (CHAPTERS) BPP (CHAPTERS) A FINANCIAL MANAGEMENT FUNCTIONÂ  The nature and purpose of financial managementFinancial objectives and therelationship with corporate strategyStakeholders and impact oncorporate objectivesFinancial and other objectives in not-for-profit organisationThe financial management functionFinancial management and financial objectivesB FINANCIAL MANAGEMENT ENVIROMENTThe economic environment forbusinessThe nature and role of financial markets and institutionsThe nature and role of moneyMarketsThe economic environment for businessFinancial markets and the treasury functionThe economic environment for businessFinancial markets, money markets and institutionsC WORKING CAPITAL MANAGEMENTThe nature, elements andimportance of working capitalManagement of inventories, accounts receivable, accounts payable and cashDetermining working capital needs and funding strategiesWorking capital management8. WCM (Inventory control)WCM (Accounts receivable and payable)10.WCM (Cash and funding strategies)Workin g capitalManaging working capitalWorking capital financeD INVESTMENT APPRAISALInvestment appraisal techniquesAllowing for inflation and taxation in DCFAdjusting for risk and uncertainty in investment appraisalSpecific investment decisions (Lease or buy; asset replacement; capital rationing)Basic investment appraisal techniquesDiscounted cash flow techniquesFurther aspects of discounted cash flowsInvestment appraisal under uncertaintyAsset investment decisions and capital rationingInvestment decisionsInvestment appraisal using DCF methodsAllowing for inflation and taxation10. Project appraisal and riskSpecific investment decisionsE BUSINESS FINANCESources of and raising business financeEstimating the cost of capitalSources of finance and their relative costsCapital structure theories and practical considerationsFinance for small and medium sized entities (SMEs)Sources of finance16. Dividend policyFinancial ratiosThe cost of capitalCapital structureSources of financeDividend policyGea ring and capital structureThe cost of capitalCapital structure