Subject 5 Financial management and control

Goal

to develop knowledge of financial management to analyze and apply the advantages of various sources of financing and capital investment opportunities,
to provide in-depth knowledge and skills in the field of financial management necessary for an accountant and financier to carry out their professional activities,
to apply management accounting methods for planning and controlling business activities:

Content

FINANCIAL MANAGEMENT

Government intervention and regulation
Financial management goals
Financial management environment
Fundamentals of Financial Mathematics
Fundamentals of financial analysis
Working capital management
Operational cycle
Inventory management
Debit and Credit management
Cash management
Sources of funding
Sources of equity
Sources of debt financing
Other forms of financing
Capital structure decisions
Financial and operational leverage
In-depth assessment of capital investments
Investment valuation methods
Choosing a financing method
Selection of investment projects with moderation of capital
Evaluation of investments in conditions of uncertainty

IN-DEPTH MANAGEMENT ACCOUNTING

Cost calculation methods, current situation in this area
Indirect methods of cost formation. ABC method
Calculating the cost of special orders and services
Calculation phase
Regulatory (standard) costs and deviation analysis
Budget planning
Alternative budget systems
Cost and decision making

Evaluation method

The exam is considered passed if the applicant scored 50 or more points out of 100 possible points: