The subject of Financial Management is the most exciting, scoring and practical oriented in the CA IPCC curriculum. FM at IPCC forms the backbone for SFM at CA Final. Hence, it is strategically important for a student planning a career in Financial Markets.
We do not assume any prior knowledge base as we teach from scratch. We cannot tell you to mug up this or that and be prepared for the exam. It is 100% conceptual understanding that is focused right from the first class. Students get to feel this as soon as they begin their classes. Such level of sophisticated and professional approach to a subject is
We will be devoting around 90 hours in class for the preparation of FM. Depending upon your background, you have to devote roughly 80-100 hours of personal time to prepare comprehensively for this paper.
There is no shortcut and the only way to generate confidence is to read the class notes page by page and cover by cover multiple times. We can divide the entire syllabus into two parts -
PART A CONCEPTUAL (EXANTE PREPARATION REQD)
- TIME VALUE OF MONEY
- CAPITAL BUDGETING
- COST OF CAPITAL, CAPITAL STRUCTURE AND LEVERAGE
PART B MECHANICAL (EXPOST PREPARATION REQD)
- WORKING CAPITAL MANAGEMENT
- CASH MANAGEMENT
- RECEIVABLES MANAGEMENT
- INVENTORY MANAGEMENT
- FINANCIAL STATEMENT ANALYSIS (CASH FLOW, FUND FLOW AND RATIO)
You should prepare for PART A strategically i.e. stressing on pure understanding. Even if somebody skips the past papers, and prepares only from our class notes, it would suffice.
PART B should be prepared tactically. Look at the types of sums that have come in the past exams. You should be able to replicate the solutions with detailed working notes and preparation.
I know you know but still at the risk of sounding repetitive, we will leave no stones unturned in preparing for the FM IPCC paper and if you study positively, you would crack the paper comprehensively.