Each preparatory course is of 60 hours with an aim to provide tuition support to students for studying the MSc in Professional Accountancy. Comprehensive online learning material is to be provided by UoL and this preparatory course will provide the essential face-to-face tuition teaching support.

ACCA CPD Units

One hour of learning equates to one CPD unit. Your studies could easily provide your full 40 units for one year. You can even carry forward 21 units to the next year.

Certificate for Module (Preparatory Course - Strategic Financial Management)

The programme will consider a range of major strategic financial issues of importance to the organisation. By doing so, it blends core principles of financial management with business strategies.

Certificate for Module (Preparatory Course - Strategic Financial Management)

On completion of the programme, students should be able to

1. Formulate a financial strategy taking account of differed financing options;
2. Identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation;
3. Explain the nature and significance of financial risk and uncertainty, and apply techniques to take account of these, including diversification, capital asset pricing model (capm) and the black-scholes option pricing model;
4. Assess the implication of differing types of capital structures and their implications for cost of capital and associated decisions;
5. Critique both the theoretical issues and influences on practical decisions associated with the development of dividend policy;
6. Identify and discuss the drivers for mergers and acquisitions, the calculation of share valuation, and identify and critique the main forms of purchase consideration used; and
7. Identify and describe the key financial risks facing a business, explain and demonstrate how financial instruments can be used to manage the financial risks within an appropriate risk strategy.

Syllabus

• The finance function, financial objectives and financial markets
• Measuring "value" in business
• Financial performance evaluation. The dividend decision
• Re-visiting investment appraisal techniques
• Investment appraisal – theory, practice and complications
• Risk in investment appraisal. "Real" options
• Portfolio theory and the capital asset pricing model
• Stock exchanges
• Financing
• Corporate bonds
• Cost of capital – theory and practice
• Capital structure
• Investment and financing interactions
• Business valuation
• Mergers and acquisitions
• Treasury risk management
• Financial derivatives
• Interest rate risk
• Foreign currency risk
• Foreign direct investment

Teaching and Learning Activities

Lecture: 60 hours

Assessment

Coursework: One 3000-word assignment

Attendance Requirements

At least 70%

Award

Students who are able to satisfy both the attendance requirement (minimum 70%) and pass the programme assessment will be conferred a "Certificate for Module (Preparatory Course - Strategic Financial Management)".

• 60 hours per programme
  20 meeting(s)
  3 hours per meeting

• Course Fee : HK$9900 per module (Fees are reviewed annually and subject to change without prior notice. Mounting of each course is subject to sufficient enrolment and solely at the discretion of the School.)