P4 Advanced Financial Management (AFM)
THE SECRET TO EXAM SUCCESS
This is an advanced level optional paper, which builds upon the knowledge and skills examined in paper F9. Since you will be dealing with complex scenario – you should be able to read and digest quickly, apply relevant knowledge and skills and exercise the professional judgment. You should also practice to provide a good piece of written work, evidenced by a reasoned structure, narrative discussions that are relevant and in sufficient detail and clear, easy to follow numerical workings supported where appropriate by brief notes.
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.
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.
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
- Lectures 30
- Quizzes 2
- Duration 15-25 hrs
- Skill level All levels
- Language English
- Students 27
- Certificate Yes
- Assessments Self
The course really met my expectations in many regards, especially in the depth of information supplied and the access to the instructor for feedback on my progress.
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