ACCA Financial Management Module - ACCA FM F9

This ACCA FM F9 Financial Management module is designed to develop your knowledge of investment, financing, and dividend policy decisions. During this course, you'll learn more about the purpose of the financial management function, how to assess the economic environment, and the risk management techniques involved in financial management for businesses. To achieve the full ACCA membership qualification you will need to complete this course, as well as 12 other modules. Alternatively, you can complete this module, plus the following five modules to achieve the ACCA Fundamentals - Applied Skills qualification:

• ACCA LW F4 Corporate and Business Law
• ACCA PM F5 Performance Management
• ACCA TX F6 Taxation
• ACCA FR F7 Financial Reporting
• ACCA AA F8 Audit and Assurance

Or, if you're looking to simply develop your knowledge of business environments, you can also study this course on its own. Read our guide to the ACCA course and modules.

Course Content

Section A Financial management function

• The nature and purpose of financial management
• Financial objectives and relationship with corporate strategy
• Stakeholders and impact on corporate objectives
• Financial and other objectives in not-for-profit organisations

Section B Financial management environment

• The economic environment for business
• The nature and role of financial markets
• The nature and role of money markets

Section C Working capital management

• The nature, elements, and importance of working capital
• Management of inventories, accounts receivable, accounts payable, and cash
• Determining working capital needs and funding strategies

Section 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)

Section 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)

Section F Business valuations

• Nature and purpose of the valuation of business and financial assets
• Models for the valuation of shares
• The valuation of debt and other financial assets
• Efficient market hypothesis (EMH) and practical considerations in the valuation of shares

Section G Risk management

• The nature and types of risk and approaches to risk management
• Causes of exchange rate differences and interest rate fluctuations
• Hedging techniques for interest rate risk

Section H Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as would be required in the workplace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools