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Paper 2.4
Financial Management and Control
Syllabus aim
To develop knowledge and understanding of financial management methods for analysing the benefits of various sources of finance and capital investment opportunities, and of the application of management accounting techniques for business planning and control.
Objectives
On completion of this paper candidates should be able to:
- explain the role and purpose of financial management
- evaluate the overall management of working capital
- evaluate appropriate sources of finance for particular situations
- appraise capital investment through the use of appropriate methods
- identify and discuss appropriate costing systems and techniques
- prepare budgets and use them to control and evaluate organisational performance
- understand the basic principles of performance measurement
- critically assess the tools and techniques of financial management and control
- demonstrate the knowledge, understanding, skills, abilities and critical evaluation expected in Part 2.