ACCA F9 Financial Management aims to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.

MAIN CAPABILITIES

On successful completion of this paper candidates should be able to:

  • 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.

RATIONALE

The syllabus for Paper F9, Financial Management, is designed to equip candidates with the skills that would be expected from a finance manager responsible for the finance function of a business. It prepares candidates for more advanced and specialist study in Paper P4, Advanced Financial Management.

The paper, therefore, starts by introducing the role and purpose of the financial management function within a business. Before looking at the three key financial management decisions of investing, financing, and dividend policy, the syllabus explores the economic environment in which such decisions are made.

The next section of the syllabus is the introduction of investing decisions. This is done in two stages – investment in (and the management of) working capital and the appraisal of long-term investments.

The next area introduced is financing decisions. This section of the syllabus starts by examining the various sources of business finance, including dividend policy and how much finance can be raised from within the business. It also looks at the cost of capital and other factors that influence the choice of the type of capital a business will raise.

The principles underlying the valuation of business and financial assets, including the impact of cost of capital on the value of business, is covered next.

The syllabus finishes with an introduction to, and examination of, risk and the main techniques employed in the management of such risk.

APPROACH TO EXAMINING THE SYLLABUS

The syllabus is assessed by a three-hour 15 minutes paper-based examination, All questions are compulsory.

All questions are compulsory. It will contain both computational and discursive elements.

Some questions will adopt a scenario/case study approach.

  • Section A of the exam comprises 15 multiple choice questions of 2 marks each.
  • Section B of the exam comprises three scenarios consisting of 15 multiple choice questions of 2 marks each
  • Section C contains two 20 mark questions.

The two 20 mark questions will mainly come from 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

Course Curriculum

ACCA F9 SECTION A: Financial management function
ACCA F9 A1: The nature and purpose of financial management
ACCA F9 A1: The nature and purpose of financial management Details 00:00:00
Quiz ACCA F9 A1: The nature and purpose of financial management 00:00:00
ACCA F9 A2: Financial objectives and relationship with corporate strategy
ACCA F9 A2: Financial objectives and relationship with corporate strategy Details 00:00:00
Quiz ACCA F9 A2: Financial objectives and relationship with corporate strategy 00:00:00
ACCA F9 A3: Stakeholders and impact on corporate objectives
ACCA F9 A3: Stakeholders and impact on corporate objectives Details 00:00:00
Quiz ACCA F9 A3: Stakeholders and impact on corporate objectives 00:00:00
ACCA F9 A4: Financial and other objectives in not-for-profit organisations
ACCA F9 A4: Financial and other objectives in not-for-profit organisations Details 00:00:00
Quiz ACCA F9 A4: Financial and other objectives in not-for-profit organisations 00:00:00
ACCA F9 SECTION B: Financial management environment
ACCA F9 B1: The economic environment for business
ACCA F9 B1: The economic environment for business Details 00:00:00
Quiz ACCA F9 B1: The economic environment for business 00:00:00
ACCA F9 B2: The nature and role of financial markets and institutions
ACCA F9 B2: The nature and role of financial markets and institutions Details 00:00:00
Quiz ACCA F9 B2: The nature and role of financial markets and institutions 00:00:00
ACCA F9 B3: The nature and role of money market
ACCA F9 B3: The nature and role of money market Details 00:00:00
Quiz ACCA F9 B3: The nature and role of money market 00:00:00
ACCA F9 SECTION C: Working capital management
ACCA F9 C1: The nature, elements and importance of working capital
ACCA F9 C1: The nature, elements and importance of working capital Details 00:00:00
Quiz ACCA F9 C1: The nature, elements and importance of working capital 00:00:00
ACCA F9 C2: Management of inventories, accounts receivable, accounts payable and cash
ACCA F9 C2: Management of inventories, accounts receivable, accounts payable and cash Details 00:00:00
Quiz ACCA F9 C2: Management of inventories, accounts receivable, accounts payable and cash 00:00:00
ACCA F9 C3: Determining working capital needs and funding strategies
ACCA F9 C3: Determining working capital needs and funding strategies Details 00:00:00
Quiz ACCA F9 C3: Determining working capital needs and funding strategies 00:00:00
ACCA F9 SECTION D: Investment appraisal
ACCA F9 D1: Investment appraisal techniques
ACCA F9 D1: Investment appraisal techniques Details 00:00:00
Quiz ACCA F9 D1: Investment appraisal techniques 00:00:00
ACCA F9 D2: Allowing for inflation and taxation in investment appraisal
ACCA F9 D2: Allowing for inflation and taxation in investment appraisal Details 00:00:00
Quiz ACCA F9 D2: Allowing for inflation and taxation in investment appraisal 00:00:00
ACCA F9 D3: Adjusting for risk and uncertainty in investment appraisal
ACCA F9 D3: Adjusting for risk and uncertainty in investment appraisal Details 00:00:00
Quiz ACCA F9 D3: Adjusting for risk and uncertainty in investment appraisal 00:00:00
ACCA F9 D4: Specific investment decisions (lease or buy; asset replacement, capital rationing)
ACCA F9 D4: Specific investment decisions (lease or buy; asset replacement, capital rationing) Details 00:00:00
Quiz ACCA F9 D4: Specific investment decisions (lease or buy; asset replacement, capital rationing) 00:00:00
ACCA F9 SECTION E: Business finance
ACCA F9 E1: Sources of, and raising business finance
ACCA F9 E1: Sources of, and raising business finance Details 00:00:00
Quiz ACCA F9 E1: Sources of, and raising business finance 00:00:00
ACCA F9 E2: Estimating the cost of capital
ACCA F9 E2: Estimating the cost of capital Details 00:00:00
Quiz ACCA F9 E2: Estimating the cost of capital 00:00:00
ACCA F9 E3: Sources of finance and their relative costs
ACCA F9 E3: Sources of finance and their relative costs Details 00:00:00
Quiz ACCA F9 E3: Sources of finance and their relative costs 00:00:00
ACCA F9 E4: Capital structure theories and practical considerations
ACCA F9 E4: Capital structure theories and practical considerations Details 00:00:00
Quiz ACCA F9 E4: Capital structure theories and practical considerations 00:00:00
ACCA F9 E5: Finance for small- and medium-sized entities
ACCA F9 E5: Finance for small- and medium-sized entities Details 00:00:00
Quiz ACCA F9 E5: Finance for small- and medium-sized entities 00:00:00
ACCA F9 SECTION F: Business valuations
ACCA F9 F1: Nature and purpose of the valuation of business and financial assets
ACCA F9 F1: Nature and purpose of the valuation of business and financial assets Details 00:00:00
Quiz ACCA F9 F1: Nature and purpose of the valuation of business and financial assets 00:00:00
ACCA F9 F2: Models for the valuation of shares
ACCA F9 F2: Models for the valuation of shares Details 00:00:00
Quiz ACCA F9 F2: Models for the valuation of shares 00:00:00
ACCA F9 F3: The valuation of debt and other financial assets
ACCA F9 F3: The valuation of debt and other financial assets Details 00:00:00
Quiz ACCA F9 F3: The valuation of debt and other financial assets 00:00:00
ACCA F9 F4: Efficient market hypothesis (EMH) and practical considerations in the valuation of shares
ACCA F9 F4: Efficient market hypothesis (EMH) and practical considerations in the valuation of shares Details 00:00:00
Quiz ACCA F9 F4: Efficient market hypothesis (EMH) and practical considerations in the valuation of shares 00:00:00
ACCA F9 SECTION G: Risk management
ACCA F9 G1: The nature and types of risk and approaches to risk management
ACCA F9 G1: The nature and types of risk and approaches to risk management Details 00:00:00
Quiz ACCA F9 G1: The nature and types of risk and approaches to risk management 00:00:00
ACCA F9 G2: Causes of exchange rate differences and interest rate fluctuations
ACCA F9 G2: Causes of exchange rate differences and interest rate fluctuations Details 00:00:00
Quiz ACCA F9 G2: Causes of exchange rate differences and interest rate fluctuations 00:00:00
ACCA F9 G3: Hedging techniques for foreign currency risk
ACCA F9 G3: Hedging techniques for foreign currency risk Details 00:00:00
Quiz ACCA F9 G3: Hedging techniques for foreign currency risk 00:00:00
ACCA F9 G4: Hedging techniques for interest rate risk
ACCA F9 G4: Hedging techniques for interest rate risk Details 00:00:00
Quiz ACCA F9 G4: Hedging techniques for interest rate risk 00:00:00

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