Fully covering the syllabus but without excessive detail, this book is written in clear English and uses an attractive, simple layout. With a large bank of practice questions and comprehensive solutions to help you with learning each topic, this book is an essential tool for passing your ACCA exam.

This book covers everything you would expect from an exam-focused text:

• The financial management function
• The financial management environment
• Working capital management
• Management of working capital: inventory control
• Management of receivables and payables
• Cash management
• Introduction to investment appraisal and capital investment decisions
• Discounted cash flow
• DCF: taxation and inflation
• DCF: risk and uncertainty
• Capital investment appraisal: further aspects
• Sources of equity finance
• Sources of finance: debt capital
• Capital structure
• Finance for small and medium sized entities (SMEs)
• Cost of capital
• Capital asset pricing model (CAPM)
• Business valuations
• Foreign exchange risk
• Interest rate risk