Diploma in Strategic Financial Management

statements are prepared and of the principles and methods which underlie their preparation. Objectives On completion of this paper candidates should be able to: describe the role and function of external financial reports and identify their users and the regulatory framework in which they are prepared; explain the accounting concepts and conventions present in generally accepted accounting practice; explain, supported by simple computations, the presentation, measurement and meaning of the primary financial statements and their contents; describe the informational role of the constituent parts of a corporate annual report usually presented in addition to the primary financial statements; - managing finance in today 9s enterprise DIPLOMA IN STRATEGIC FINANCIAL MANAGEMENT | info@ifconsultants.org compute, interpret and appraise financial performance, financial position and adaptability as revealed by financial statement analysis, particularly by the use of financial and accounting ratios.<br><br> 2 PERFORMANCE MANAGEMENT Aim To develop a good understanding of the knowledge required and techniques available to enable managers to measure and manage business performance within their organisation. Both financial and non- financial measures of performance are included in this paper. Objectives On completion of this paper candidates should be able to: understand how performance measures should be linked to overall organisation strategy; prepare budgets and use them to control and evaluate organisational performance; identify and apply techniques that aid decision-making to maximise financial performance; Diploma in Stategic Financial Management is a distance learning course understand the behavioural and organisational consequences of using performance measurement and performance management techniques identify and apply techniques for evaluating the performance of divisions identify and understand issues that may cause performance to fall short of expectations, such as actions of competitors, labour disputes, supply problems, foreign exchange movements and late payment.<br><br> DIPLOMA IN STRATEGIC FINANCIAL MANAGEMENT - managing finance in today 9s enterprise 2 PERFORMANCE MANAGEMENT Continuued from Page 2 identify and implement appropriate costing systems and business control systems identify and apply techniques to evaluate decisions in relation to costing, pricing, product range, marketing strategy, purchasing and production strategies identify and apply non-financial performance measures, and understand the inter-relationships between different performance measures DIPLOMA IN STRATEGIC FINANCIAL MANAGEMENT | info@ifconsultants.org Page 3 DIPLOMA IN STRATEGIC FINANCIAL MANAGEMENT 3 FINANCIAL STRATEGY Aim : To develop an understanding of the role of financial strategy in the investment, finance and resource allocation decisions within an organisation. Objectives On completion of this paper, candidates should be able to: explain the role and nature of financial strategy and its relationship to shareholder value; identify the main elements of investment appraisal; evaluate long-term decision opportunities through the use of appropriate techniques; identify and evaluate the major sources of finance available to an organisation; explain the role of capital markets in raising finance; discuss the main methods of managing working capital and analyse working capital policies; evaluate the motives for, and financial implications of, mergers and acquisitions; discuss the impact of taxation and inflation on financial strategy decisions . - managing finance in today 9s enterprise 4 RISK MANAGEMENT Aim : To achieve a sound appreciation of the theoretical and practical aspects of corporate governance, and to develop an understanding of the main theories and frameworks associated with the man agement of both financial and non-financial risk Objectives On completion of this paper, candidates should be able to: explain the drivers behind an organisation's appetite and consequent policy for managing risk; identify the main types of financial risk and evaluate the mechanisms available for managing exposure to them; discuss the various tools and techniques for identifying, measuring and communicating risk; discuss the importance of internal control in the management of risk; describe the various frameworks and codes enshrining good governance practice; explain the role of individuals and committees in implementing and reporting on good governance.<br><br> Assessment Examination & Assignments Passmark 70% DIPLOMA IN STRATEGIC FINANCIAL MANAGEMENT | info@ifconsultants.org Page 4 CONTACT DETAILS For further information about this course, please contact Institute of Financial Consultants Suite 420-1090 West Pender Street Vancouver, British Columbia V6E 2N7, CANADA Email: Info@ifconsultants.org Fax: 604 - 687 1221 Web: www.ifconsultants.org www.ifconsultants.org

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