Paper 1: Interpretation of Financial Statements
• Accounting systems
• Transaction recording
• Accounting principles
• Format and content of published financial statements
• Accounting standards
• Cash flow reporting
• Interpretation of financial statements
Paper 2: Performance Management
• Collecting and analysing cost information
• Problems of overhead apportionment
• Marginal costing and decision-making
• Product and service pricing and transfer pricing
• Budgeting systems
• Standard costing and variance analysis
• Performance Measurement techniques
• Performance Management techniques
Module B
Paper 3: Financial Strategy
• Financial Objectives
• Capital Markets
• Raising Finance
• The Cost of Capital
• Investment Appraisal
• Working Capital Management
• Business Combinations
Paper 4: Risk Management
• Corporate governance
• Corporate risk management: policies and procedures
• Capital structure
• Dividend policy
• Interest rate risk
• Currency exchange rate risk
