F3 Textbook Syllabus
SearchSyllabus A
Financial policy decisions
A1Advise on strategic financial objectives
Types of organisations
Non-Quantifiable objectives
Value for Money (VFM)
Non-financial objectives
Non-Financial Performance Indicators
Balanced Score card - Performance
Financial strategy - international operations
Limitation of FS - non-financial capital
Sustainability
Framework for environmental and sustainability reporting
'CSR strategy' and 'strategic CSR
Purpose and content of an integrated report
Total Shareholder Return
A2Financial policy decisions
Purpose of Financial Management
3:48
Internal, Connected and external Stakeholders
How different Stakeholder groups interact
Cashflow Forecasts
1:42
Gordon's growth
Financing requirements
Hedging
2:58
Impact of hedge accounting on stakeholder assessment
Disclosure of financial risk
Financial objectives and corporate strategy
3:51
Changes in economic and business variables
Ratios and Strategy
A3Influences on financial strategic decisions
Lenders’ assessment of creditworthiness
Financial strategy- regulatory requirements
Consideration of taxation regulations
Syllabus B
Sources of long term funds
B1Capital structure
Capital structure theories
8:09
Cost of equity and WACC (M&M)
Impact of capital structure on ratios
Capital structure of group companies
B2Analyse long-term debt finance
Short term finance
7:50
Money market instruments
Long term finance
2:01
Factors influencing the choice of debt finance
Procedures for issuing debt securities
The role of advisors
Target debt profile
Types of foreign currency risk
3:13
Currency Swaps
1:05
Interest rate risk management
Interest Swaps
3:14
Debt covenants
Leases - Introduction
Lease or Buy
4:54
Foreign Exchange Single company
B3Evaluate equity finance
Methods of flotation
Rights issue
Yield-adjusted TERP
Syllabus C
Financial risks
C1The sources and types of financial risks
Different types of interest rate risk
C2Evaluate financial risk
Understanding Exchange Rates
3:41
Predicting Exchange Rates
5:47
Learn by doing - Foreign exchange basics
Interest Rate Risk
14:17
Value at risk
C3Hedging techniques for foreign currency risk
Forward Rates
3:14
Money Market Hedges - payment
9:23
Money Market Hedge - Receipt
6:13
Currency Futures
2:43
Currency Options
Currency Swaps
1:05
C3Hedging techniques for interest rate risk
Market Value of Bonds
2:47
Interest Rate - Forwards & Futures
1:20
Interest Options and Swaps
3:14
Syllabus D
Business valuation
D1Acquisition, merger and divestment
Interests of different stakeholders
Reasons for and against acquisitions, mergers and divestments
Acquisitions and mergers as a method of corporate expansion
Synergy
Taxation implications
Acquisition by private equity or venture capitalist
Role and scope of competition authorities
D2Valuation methods
Valuations - Introduction
7:14
Market Capitalisation
2:01
Asset Based Valuations
3:19
IAS 38 Intangible asset
1:48
Forms of intangible asset and methods of valuation
capm
3:13
capm continued
Share prices (quoted and non-quoted entities)
Using PE ratio
2:03
Earnings Yield
Discounted Cashflows
Discounted Free cash flow basis
Dividend Valuation
Efficient Market Hypothesis (EMH)
2:20
Impact of government incentives on entity value
D3Pricing and bid issues
Forms of consideration
Earn-out arrangements
The conduct of a takeover
Methods of raising cash
Treatment of target entity debt
Divestment
Spin-offs/demergers
Sell-offs
Management buy-out (MBO) and buy-in
Liquidation
Going private
D4Post-transaction issues
Potential post-transaction value
Integration of management
Exist strategies