P4 Advanced Financial Management aims to apply relevant knowledge, skills and exercise professional judgement as expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation in private and public sectors.

MAIN CAPABILITIES

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

  • Explain and evaluate the role and responsibility of the senior financial executive or advisor in meeting conflicting needs of stakeholders and recognize the role of international financial institutions in the financial management of multinationals
  • Evaluate potential investment decisions and assessing their financial and strategic consequences, both domestically and internationally
  • Assess and plan acquisitions and mergers as an alternative growth strategy
  • Evaluate and advise on alternative corporate re-organisation strategies
  • Apply and evaluate alternative advanced treasury and risk management techniques

 

RATIONALE

This syllabus develops upon the core financial management knowledge and skills covered in the F9, Financial Management, syllabus at the Fundamentals level and prepares candidates to advise management and/or clients on complex strategic financial management issues facing an organisation.

The syllabus starts by exploring the role and responsibility of a senior executive or advisor in meeting competing needs of stakeholders within the business environment of multinationals. The syllabus then re-examines investment and financing decisions, with the emphasis moving towards the strategic consequences of making such decisions in a domestic, as well as international, context.

Candidates are then expected to develop further advisory skills in planning strategic acquisitions and mergers and corporate re-organisations.

The next part of the syllabus re-examines, in the broadest sense, the existence of risks in business and the sophisticated strategies which are employed in order to manage such risks. It builds on what candidates would have covered in the F9, Financial Management, syllabus and the P1,Governance, Risk and Ethics, syllabus.

APPROACH TO EXAMINING THE SYLLABUS

The P4, Advanced Financial Management, paper builds upon the skills and knowledge examined in the F9, Financial management, paper. At this stage candidates will be expected to demonstrate an integrated knowledge of the subject and an ability to relate their technical understanding of the subject to issues of strategic importance to the organisation.

The study guide specifies the wide range of contextual understanding that is required to achieve a satisfactory standard at this level.

Examination Structure

The syllabus is assessed by a three-hour 15 minutes paper-based examination.

Section A:

Section A will contain a compulsory question, comprising of 50 marks.

Section A will normally cover significant issues relevant to the senior financial manager or advisor and will be set in the form of a case study or scenario. The requirements of the section A question are such that candidates will be expected to show a comprehensive understanding of issues from across the syllabus. The question will contain a mix of computational and discursive elements. Within this question candidates will be expected to provide answers in a specified form such as a short report or board memorandum commensurate with the professional level of the paper in part or whole of the question.

Section B:

In section B candidates will be asked to answer two from three questions, comprising of 25 marks each.

Section B questions are designed to provide a more focused test of the syllabus. Questions will normally contain a mix of computational and discursive elements, but may also be wholly discursive or evaluative where computations are already provided.

Total 100 marks

Course Curriculum

ACCA P4 SECTION A: Role of senior financial adviser in the multinational organisation
ACCA P4 A1: The role and responsibility of senior financial executive/advisor
ACCA P4 A1: The role and responsibility of senior financial executive/advisor Details 00:00:00
Quiz ACCA P4 A1: The role and responsibility of senior financial executive/advisor 00:00:00
ACCA P4 A2: Financial strategy formulation
ACCA P4 A2: Financial strategy formulation Details 00:00:00
Quiz ACCA P4 A2: Financial strategy formulation 00:00:00
ACCA P4 A3: Ethical and governance issues
ACCA P4 A3: Ethical and governance issues Details 00:00:00
Quiz ACCA P4 A3: Ethical and governance issues 00:00:00
ACCA P4 A4: Management of international trade and finance
ACCA P4 A4: Management of international trade and finance Details 00:00:00
Quiz ACCA P4 A4: Management of international trade and finance 00:00:00
ACCA P4 A5: Strategic business and financial planning for multinational organisations
ACCA P4 A5: Strategic business and financial planning for multinational organisations Details 00:00:00
Quiz ACCA P4 A5: Strategic business and financial planning for multinational organisations 00:00:00
ACCA P4 A6: Dividend policy in multinationals and transfer pricing
ACCA P4 A6: Dividend policy in multinationals and transfer pricing Details 00:00:00
Quiz ACCA P4 A6: Dividend policy in multinationals and transfer pricing 00:00:00
ACCA P4 SECTION B: Advanced investment appraisal
ACCA P4 B1: Discounted cash flow techniques
ACCA P4 B1: Discounted cash flow techniques Details 00:00:00
Quiz ACCA P4 B1: Discounted cash flow techniques 00:00:00
ACCA P4 B2: Application of option pricing theory in investment decisions
ACCA P4 B2: Application of option pricing theory in investment decisions Details 00:00:00
Quiz ACCA P4 B2: Application of option pricing theory in investment decisions 00:00:00
ACCA P4 B3: Impact of financing on investment decisions and adjusted present values
ACCA P4 B3: Impact of financing on investment decisions and adjusted present values Details 00:00:00
Quiz ACCA P4 B3: Impact of financing on investment decisions and adjusted present values 00:00:00
ACCA P4 B4: Valuation and the use of free cash flows
ACCA P4 B4: Valuation and the use of free cash flows Details 00:00:00
Quiz ACCA P4 B4: Valuation and the use of free cash flows 00:00:00
ACCA P4 B5: International investment and financing decisions
ACCA P4 B5: International investment and financing decisions Details 00:00:00
Quiz ACCA P4 B5: International investment and financing decisions 00:00:00
ACCA P4 SECTION C: Acquisitions and mergers
ACCA P4 C1: Acquisitions and mergers versus other growth strategies
ACCA P4 C1: Acquisitions and mergers versus other growth strategies Details 00:00:00
Quiz ACCA P4 C1: Acquisitions and mergers versus other growth strategies 00:00:00
ACCA P4 C2: Valuation for acquisitions and mergers
ACCA P4 C2: Valuation for acquisitions and mergers Details 00:00:00
Quiz ACCA P4 C2: Valuation for acquisitions and mergers 00:00:00
ACCA P4 C3: Regulatory framework and processes
ACCA P4 C3: Regulatory framework and processes Details 00:00:00
Quiz ACCA P4 C3: Regulatory framework and processes 00:00:00
ACCA P4 C4: Financing acquisitions and mergers
ACCA P4 C4: Financing acquisitions and mergers Details 00:00:00
Quiz ACCA P4 C4: Financing acquisitions and mergers 00:00:00
ACCA P4 SECTION D: Corporate reconstruction and re-organisation
ACCA P4 D1: Financial reconstruction
ACCA P4 D1: Financial reconstruction Details 00:00:00
ACCA P4 D2: Business re-organisation
ACCA P4 D2: Business re-organisation Details 00:00:00
ACCA P4 SECTION E: Treasury and advanced risk management techniques
ACCA P4 SECTION E: Treasury and advanced risk management techniques Details 00:00:00
Quiz ACCA P4 SECTION E: Treasury and advanced risk management techniques 00:00:00
ACCA P4 E1: The role of the treasury function in multinationals
ACCA P4 E1: The role of the treasury function in multinationals Details 00:00:00
Quiz ACCA P4 E1: The role of the treasury function in multinationals 00:00:00
ACCA P4 E2: The use of financial derivatives to hedge against forex risk
ACCA P4 E2: The use of financial derivatives to hedge against forex risk Details 00:00:00
Quiz ACCA P4 E2: The use of financial derivatives to hedge against forex risk 00:00:00
ACCA P4 E3: The use of financial derivatives to hedge against interest rate risk
ACCA P4 E3: The use of financial derivatives to hedge against interest rate risk Details 00:00:00
Quiz ACCA P4 E3: The use of financial derivatives to hedge against interest rate risk 00:00:00

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