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For many years, managers of large businesses have been accused of focusing on short-term rather than long-term performance. In this article we explore the causes of management short termism and the remedies available.
This article discusses the three broad approaches to business valuations - assets-based, income-based, and cash flow-based.
Analysing the suitability of financing alternatives
This article suggests an approach for students to apply to a key area of the Paper F9 syllabus before finishing with a worked example to demonstrate the technique discussed.
Introduction to Islamic finance
This article takes a look at Islamic finance, which has just been introduced to the Paper F9 syllabus.
Section E of the syllabus deals with business finance. This article covers types of finance, sources of finance and mix of finance.
Advanced investment appraisal
Investment appraisal is one of the eight core topics within Paper F9 and it is a topic which has been well represented in the F9 exam.
Foreign currency risk and its management
A focus on the three types of currency risk - economic risk, translation risk and transaction risk.
Cost of capital, gearing and CAPM
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the second part of the article that looks at how a suitable discount rate can be calculated.
Cost of capital, gearing and CAPM
A fundamental part of financial management is investment appraisal: into which long-term projects should a company put money? This is the first part of the article that looks at how a suitable discount rate can be calculated.
This article considers two methods a company could adopt in order to speed up the collection of cash from its customers.
Optimum capital structure
Is it possible to increase shareholder wealth by changing the capital structure?
Being an angel
Business angels are an important source of finance for smaller businesses. This article looks at the role that business angels play in providing finance, the way in which they approach making an investment, and the financial and non-financial returns that may be expected.
CAPM: theory, advantages, and disadvantages
In the final article in his three-part series, we look at the theory, advantages and disadvantages of CAPM.
The capital asset pricing model - part 2
This article describes how to apply the CAPM when calculating a project-specific discount rate to use in investment appraisal.
The capital asset pricing model
In the first of a three-part series of articles, we consider the CAPM and its components, shows how it can be used to estimate the cost of equity, and introduces the asset beta formula.
Exam changes from February 2014 to August 2015
The article summarises the rationale for the latest qualification developments to the Foundation level and Knowledge papers, indicating which syllabuses are affected and when, outlining specifically which areas are being amended.
Examiner's approach to Paper F9
A member of the Paper F9 examining team outlines the structure of the financial management paper.
Last updated: 19 Feb 2014