Section A: Financial Management Function. Designed to give you knowledge and application of:. A1. The nature and purpose of financial management A2. Financial objectives and relationship with corporate strategy A3. Stakeholders and impact on corporate objectives.
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Designed to give you knowledge and application of:
A1. The nature and purpose of financial management
A2. Financial objectives and relationship with corporate strategy
A3. Stakeholders and impact on corporate objectives
Financial management: efficient and effective management of moneyforaccomplishment of organisation’s objectives.
Flow of finance
all decisions are interdependent
Nature of financial management
Working capital (WC) management decisions
SOFP (balance sheet)
SOCI (Income statement)
Working capital management
Statement of cash flows
Short term cost analysis and control
Aids decisions, perf mgt & control
Uses past and future information
Uses past information
Uses past, present and future information
Relationship between financial management and financial and management accounting