Description
Advanced Financial Management
Advanced Financial Management CPA Advanced Level is a KASNEB course. It prepares students to apply advanced financial management techniques in an organization.
Download free Advanced Financial Management CPA Advanced Level PDF notes and past papers for the new KASNEB syllabus 2021. We are the largest repository in Kenya offering free KASNEB notes and revision papers.
To pass KASNEB CPA Advanced Level Advanced Financial Management New Syllabus 2021 exam, the student should cover the following topics:
- Advanced capital budgeting decision
- Portfolio theory and analysis- The modern portfolio theory, Capital Asset Pricing Model (CAPM), The Arbitrage pricing model (APM) and other multifactor models, Evaluation of portfolio performance: Treynor’s measure, Sharpe’s measure, Jensen’s measure, appraisal ratio measure, information ratio, Modigliani and Modigliani
- Advanced financing decision
- The nature of financing decision, principle objectives of making financing decision
- weighted average cost of capital (WACC) and weighted marginal cost of capital (WMCC)
- Capital structure theories- Net income theory and Net operating income theory; Franco Modigliani and Merton Miller’s propositions – MM without taxes, MM with corporation taxes, MM with corporation and personal tax rates and MM with taxes and financial distress costs; other theories of capital structure; the pecking order theory and Trade-off theory determination of the firm’s optimal capital structure using the Hamada model, CAPM and WACC
- Special topics in financing decision
- Long term financing decisions; bond refinancing decision, lease-buy evaluation and the rights issues
- Impact of financing on investment decisions – the concept of adjusted present value (APV)
- Mergers and acquisitions
- Corporate restructuring and re-organization
- Derivatives in financial risk management- The meaning, nature and importance of derivative instruments: futures, forwards, options and swaps, Types of risks: operational risks, political risks, economic risks, fiscal risks, regulatory risks, currency risks and interest rate risks
- International financial management
- Real estate finance
- Emerging issues and trends
KASNEB students should get the foundations of Advanced Financial Management in preparation for exposure to the business environment. We advise the KASNEB students to prepare for KASNEB CPA Advanced Level exams adequately. Students taking other courses like Certified Investment and Financial Analyst (CIFA), ACCA among other KASNEB certified courses will find these resources helpful.
Many students and colleges have benefited from the resources offered by the Pass Exams Team.
Other units or courses in KASNEB CPA Advanced Level include:
- Advanced Auditing and Assurance
- Advanced Public Finance and Taxation
- Advanced Financial Reporting and Analysis
- Leadership and Management
- Advanced Management Accounting
- Advanced Public Finance Management
After completion of KASNEB CPA Advanced Level, the student is well equipped with necessary skills to advance and work as Certified Public Accountants.
Download free KASNEB CPA Advanced Level PDF notes and past papers and KASNEB CPA Intermediate PDF notes and past papers now.
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