Professional Qualification Syllabus

SECTION NAME SYLLABUS KAPLAN (CHAPTERS) BPP (CHAPTERS)
A FINANCIAL MANAGEMENT FUNCTION

 The nature and purpose of financial management
Financial objectives and therelationship with corporate strategy
Stakeholders and impact oncorporate objectives
Financial and other objectives in not-for-profit organisation
The financial management function
Financial management and financial objectives

B FINANCIAL MANAGEMENT ENVIROMENT

The economic environment forbusiness
The nature and role of financial markets and institutions
The nature and role of moneyMarkets
The economic environment for business
Financial markets and the treasury function
The economic environment for business
Financial markets, money markets and institutions

C WORKING CAPITAL MANAGEMENT

The nature, elements andimportance of working capital
Management of inventories, accounts receivable, accounts payable and cash
Determining working capital needs and funding strategies
Working capital management8. WCM (Inventory control)
WCM (Accounts receivable and payable)10.WCM (Cash and funding strategies)
Working capital
Managing working capital
Working capital finance

D INVESTMENT APPRAISAL

Investment appraisal techniques
Allowing for inflation and taxation in DCF
Adjusting for risk and uncertainty in investment appraisal
Specific investment decisions (Lease or buy; asset replacement; capital rationing)
Basic investment appraisal techniques
Discounted cash flow techniques
Further aspects of discounted cash flows
Investment appraisal under uncertainty
Asset investment decisions and capital rationing
Investment decisions
Investment appraisal using DCF methods
Allowing for inflation and taxation10. Project appraisal and risk
Specific investment decisions

E BUSINESS FINANCE

Sources of and raising business finance
Estimating the cost of capital
Sources of finance and their relative costs
Capital structure theories and practical considerations
Finance for small and medium sized entities (SMEs)
Sources of finance16. Dividend policy
Financial ratios
The cost of capital
Capital structure
Sources of finance
Dividend policy
Gearing and capital structure
The cost of capital
Capital structure