The financial management function
Objectives of the business, the conflict between stakeholders, and the three core financial decisions.
Included with membership
Mai Studies Original · Accounting & Finance
ACCA Study Support: Financial Management (FM)
A Mai Studies study-support programme written for learners preparing for the ACCA Applied Skills paper Financial Management. Every module contains original written notes with worked numerical examples, a tutor-voice classroom transcript, a practical activity with a worked solution, a mock test with explained answers and a marked written assignment. Mai Studies is an independent provider: it is not ACCA, is not an ACCA Approved Learning Partner, and this programme carries no exam credit or exemption.
10 weeks 60 guided hours Intermediate
No account needed to buy. Pay with your card and we create your student account from the email you enter, with this programme ready inside it for twelve months.
What you will achieve
- Explain the role and objectives of financial management
- Manage inventory, receivables, payables and cash effectively
- Appraise an investment using payback, return, net present value and internal rate of return
- Compare sources of short and long term finance
- Calculate a weighted average cost of capital and explain gearing
- Value a business and explain how currency and interest rate risk are managed
Entry guidance
- — Comfortable with percentages, discounting and basic financial statements
- — Access to a spreadsheet
- — Around six study hours each week
Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.
Programme syllabus
7 applied modules
4h
Working capital management
The cash operating cycle, inventory and receivable policy, and choosing between aggressive and conservative funding.
Investment appraisal
Payback, accounting rate of return, net present value and internal rate of return, with relevant cash flows.
Sources of finance
Short and long term finance, equity and debt, leasing, and what suits which business at which stage.
Cost of capital and gearing
Cost of equity and debt, weighted average cost of capital, and the effect of gearing on risk and value.
Business valuation
Valuing a business on asset, earnings and cash flow bases, and judging which basis a negotiation should start from.
Risk management: currency and interest rate
Translation, transaction and economic exposure, forward contracts, money market hedges, futures, options, swaps and forward rate agreements.
What students say
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