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ICAN · Skills

Financial Management

The Financial Management syllabus for the Institute of Chartered Accountants of Nigeria, broken down by how much of the paper each area is worth. Investment Appraisal is the heaviest at 25% of the marks.

Where the marks are

Percentages are the examinable weighting for each area. Revising in this order puts your time where the marks are.

  1. Investment Appraisal

    25%

    Investment appraisal methods · Inflation and taxation in DCF · Risk and uncertainty in investment appraisal · Specific investment decisions

  2. Business Finance

    20%

    Sources of finance · Cost of capital · Sources of finance and their relative costs · Capital structure theories and practical considerations · Finance for micro, small and medium sized entities (MSMEs)

  3. Business Valuations

    15%

    Nature and purpose of the valuation of business and financial assets · Choice of assets valuation bases · The valuation of debt and other financial assets · Efficient Market Hypothesis (EMH) and practical considerations in the valuation of shares

  4. Risk Management

    15%

    The nature and types of risks and approaches to risk management · Causes of exchange rate differences and interest rate fluctuations · Hedging techniques for foreign currency risk · Hedging techniques for interest rate risk

  5. Working Capital Management

    15%

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

  6. Financial Management Function and Environment

    10%

    The nature and purpose of financial management · Corporate objectives and the influence of stakeholders · Financial management in not-for-profit organisations · The economic environment of business · Financial markets and institutions

What Edentos holds for this paper

  • 53 past questions from the Institute’s own papers, with its published solutions.
  • Timed mock examinations, written by hand and marked against the examiner’s guide.
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Syllabus areas and weightings are published by the Institute of Chartered Accountants of Nigeria. Past questions and their official solutions are the Institute’s copyright and are available to signed-in candidates only.