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Aims

To develop knowledge and understanding of the way organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to capital expenditure projects.

Objectives

On completion of this paper, candidates should be able to:

• describe the cash flow cycle
• describe sources of short, medium and long-term finance
• prepare cash budgets and cash flow forecasts
• explain the principles of effective working capital management
• calculate working capital requirements
• describe credit management methods and procedures
• describe cash management methods and procedures
• evaluate capital expenditure proposals.

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