FFM Foundations in Financial Management aims to develop knowledge and understanding of ways organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to long term investment projects

FFM Foundations in Financial Management aims to develop knowledge and understanding of ways organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to long term investment projects.

RATIONALE

The syllabus for FFM, Managing Finances, introduces students to different ways of managing finance within an organisation with the aim of enhancing business performance. This includes planning and controlling of cash flow in both the short and long term, how to manage capital investment decisions and managing trade credit for an efficient flow of cash.

The syllabus starts by introducing the principles of effective working capital management, and the impact working capital has on an organisation’s cash flow. It then looks at the techniques for forecasting cash to aid an organisation in planning its cash needs.

The next area of the syllabus looks at the different ways of managing cash in the short, medium and long term, including investing funds in capital projects. It finally looks at procedures for effective credit management to maximise flow of cash to the business.

MAIN CAPABILITIES

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

  • Explain and apply the principles of working capital management
  • Apply a range of accounting techniques used to forecast cash within the organisation
  • Describe methods and procedures for managing cash balances
  • Explain principles in making medium to long term financing decisions
  • Explain and apply principles in making capital investment decisions

Describe credit management methods and procedures

APPROACH TO EXAMINING THE SYLLABUS

The syllabus is assessed by a two hour paper based examination. Questions will assess all parts of the syllabus and will include both computational and non computational elements. The examination will consist of two sections structured as follows:

  • Section A

Ten compulsory multiple choice questions each worth 1, 2 or 3 marks 20

  • Section B

Six compulsory questions

Q1 (20 marks ) 20

Q2, 3 & 4 (10 marks each) 30

Q5 & 6 (15 marks each) 30

Total 100

Course Curriculum

ACCA FIA/CAT FFM SECTION A: Working capital management
ACCA FIA/CAT FFM A1: Working capital management cycle
ACCA FIA/CAT FFM A1: Working capital management cycle Details 00:00:00
Quiz ACCA FIA/CAT FFM A1: Working capital management cycle 00:00:00
ACCA FIA/CAT FFM A2: Inventory control
ACCA FIA/CAT FFM A2: Inventory control Details 00:00:00
Quiz ACCA FIA/CAT FFM A2: Inventory control 00:00:00
ACCA FIA/CAT FFM A3: Accounts payables and receivables control
ACCA FIA/CAT FFM A3: Accounts payables and receivables control Details 00:00:00
Quiz ACCA FIA/CAT FFM A3: Accounts payables and receivables control 00:00:00
ACCA FIA/CAT FFM SECTION B: Cash budgeting
ACCA FIA/CAT FFM B1: Nature and sources of cash
ACCA FIA/CAT FFM B1: Nature and sources of cash Details 00:00:00
Quiz ACCA FIA/CAT FFM B1: Nature and sources of cash 00:00:00
ACCA FIA/CAT FFM B2: Cash budgeting and forecasting
ACCA FIA/CAT FFM B2: Cash budgeting and forecasting Details 00:00:00
Quiz ACCA FIA/CAT FFM B2: Cash budgeting and forecasting 00:00:00
ACCA FIA/CAT FFM SECTION C: Managing cash balances
ACCA FIA/CAT FFM C1: Treasury function
ACCA FIA/CAT FFM C1: Treasury function Details 00:00:00
Quiz ACCA FIA/CAT FFM C1: Treasury function 00:00:00
ACCA FIA/CAT FFM C2: Overview of financial markets
ACCA FIA/CAT FFM C2: Overview of financial markets Details 00:00:00
Quiz ACCA FIA/CAT FFM C2: Overview of financial markets 00:00:00
ACCA FIA/CAT FFM C3: Managing deficit cash balances
ACCA FIA/CAT FFM C3: Managing deficit cash balances Details 00:00:00
Quiz ACCA FIA/CAT FFM C3: Managing deficit cash balances 00:00:00
ACCA FIA/CAT FFM C4: Managing surplus cash balances
ACCA FIA/CAT FFM C4: Managing surplus cash balances Details 00:00:00
Quiz ACCA FIA/CAT FFM C4: Managing surplus cash balances 00:00:00
ACCA FIA/CAT FFM SECTION D: Financing decisions
ACCA FIA/CAT FFM D1: Money in the economy
ACCA FIA/CAT FFM D1: Money in the economy Details 00:00:00
Quiz ACCA FIA/CAT FFM D1: Money in the economy 00:00:00
ACCA FIA/CAT FFM D2: Medium term financing
ACCA FIA/CAT FFM D2: Medium term financing Details 00:00:00
Quiz ACCA FIA/CAT FFM D2: Medium term financing 00:00:00
ACCA FIA/CAT FFM D3: Long term financing
ACCA FIA/CAT FFM D3: Long term financing Details 00:00:00
Quiz ACCA FIA/CAT FFM D3: Long term financing 00:00:00
ACCA FIA/CAT FFM D4: Financing for small and medium sized enterprises
ACCA FIA/CAT FFM D4: Financing for small and medium sized enterprises Details 00:00:00
Quiz ACCA FIA/CAT FFM D4: Financing for small and medium sized enterprises 00:00:00
ACCA FIA/CAT FFM SECTION E: Investment decisions
ACCA FIA/CAT FFM E1: Financing concepts
ACCA FIA/CAT FFM E1: Financing concepts Details 00:00:00
Quiz ACCA FIA/CAT FFM E1: Financing concepts 00:00:00
ACCA FIA/CAT FFM E2: Capital budgeting
ACCA FIA/CAT FFM E2: Capital budgeting Details 00:00:00
Quiz ACCA FIA/CAT FFM E2: Capital budgeting 00:00:00
ACCA FIA/CAT FFM E3: Capital investment appraisal
ACCA FIA/CAT FFM E3: Capital investment appraisal Details 00:00:00
Quiz ACCA FIA/CAT FFM E3: Capital investment appraisal 00:00:00
ACCA FIA/CAT FFM SECTION F: Credit management
ACCA FIA/CAT FFM F1: Legal issues
ACCA FIA/CAT FFM F1: Legal issues Details 00:00:00
Quiz ACCA FIA/CAT FFM F1: Legal issues 00:00:00
ACCA FIA/CAT FFM F2: Credit granting
ACCA FIA/CAT FFM F2: Credit granting Details 00:00:00
Quiz ACCA FIA/CAT FFM F2: Credit granting 00:00:00
ACCA FIA/CAT FFM F3: Monitoring accounts receivables
ACCA FIA/CAT FFM F3: Monitoring accounts receivables Details 00:00:00
Quiz ACCA FIA/CAT FFM F3: Monitoring accounts receivables 00:00:00
ACCA FIA/CAT FFM F4: Debt collection
ACCA FIA/CAT FFM F4: Debt collection Details 00:00:00
Quiz ACCA FIA/CAT FFM F4: Debt collection 00:00:00

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