Advanced Financial Management (AFM) (Earlier SFM)

Modern thinking in financial management accords a greater importance to management decision and policy. Today Finance managers do not perform the passive role of scorekeepers of financial data and information, and arranging funds, whenever directed to do so. rather they occupy key positions in top management areas and play a dynamic role in solving complex management problems. It is their duty to ensure that the funds are raised and utilised in the most efficient and effective manner. Because of this change in emphasis, the treatment of subject has changed from descriptive to analytical.

SFM combines theory with practical applications. The subject discusses the theories, concepts, assumptions and mechanics underlying financial decisions like investment, financing, and dividend. It also discusses sources and instruments of short term and long term finances, mergers & acquisitions, international financial management and derivative products. The subjects helps students to relate theories and concepts to practice.

Strategic Financial Management aims to assist the students to develop a thorough understanding of the concepts and theories underlying financial management in a systematic way. The subject contains a comprehensive treatment of topics on valuation, Risk and Return, Derivative products, Merger and Acquisitions, Foreign Exchange and Shareholder’s value.

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Batch Schedule
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Batch Schedule

Weekend Batch

Saturday
Morning 7:00 AM to 11:00 AM
Sunday
Morning 7:00 AM to 11:00 AM
Batch starts from : 10th December, 2022 23500 (Including GST)

Features:

  • 240+ hours of Live face to face lecture
  • 700+ Sums Solved & Practiced in the Classroom
  • Focus on developing fundamental concepts on each topic
  • 100% coverage of ICAI Study Material
  • Short notes dictated in the classroom for future reference
  • Training on developing Problem Solving skills and Techniques
  • Evolved methodology based on easy to remember rules of thumb
  • Rigorous Practice cum Sum Solving in the Classroom
  • Effective recovery of Missed Lectures (Recorded Viewing in Class)
  • Live streaming available

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Syllabus

1. Financial Policy and Corporate Strategy

After reading this chapter student shall be able to understand:

  1. Strategic Financial Decision Making Frame Work
  2. Strategy at different hierarchy levels
  3. Financial Planning
  4. Interface of Financial Policy and Strategic Management
  5. Balancing Financial Goals vis-a?-vis Sustainable Growth

2. Indian Financial System

After reading this chapter student shall be able to understand:

  1. Introduction to Indian Financial System
  2. Role of financial markets in economic Development

3. Risk Management

After reading this chapter student shall be able to understand:

  1. Identification of the types of the risk faced by an organisation
  2. Evaluation of financial Risk
  3. Value At Risk (VAR)
  4. Evaluation of appropriate method for the identification and management of financial risk.

4. Security Analysis

After reading this chapter student shall be able to understand

  1. Fundamental Analysis
  2. Technical Analysis
  • Meaning
  • Assumptions
  • Theories and Principles
  • Charting Techniques
  • Efficient Market Hypothesis (EMH)

5. Security Valuation

After reading this chapter student shall be able to understand:

  1. Theory of Valuation
  2. Return Concepts
  3. Equity Risk Premium
  4. Required Return on Equity
  5. Discount Rate Selection in Relation to Cash Flows
  6. Approaches to Valuation of Equity Share
  7. Valuation of Preference Share
  8. Valuation of Debentures/ Bonds
  9. Arbitrage Pricing Theory

6. Portfolio Management

After reading this chapter student shall be able to understand:

  1. Activities in Portfolio Management
  2. Objectives of Portfolio Management
  3. Phases of Portfolio Management
  4. Portfolio Theories
  5. Risk Analysis
  6. Markowitz Model of Risk-Return Optimization
  7. Capital Asset Pricing Model (CAPM)
  8. Arbitrage Pricing Theory Model (APT)
  9. Sharpe Index Model
  10. Formulation of Portfolio Strategy
  11. Asset Allocation Strategies
  12. Random Walk Theory
  13. Efficient Market Theory

7. Securitization

After reading this chapter student shall be able to understand:

  1. Introduction
  2. Concept and Definition
  3. Benefits of Securitization
  4. Participants in Securitization
  5. Mechanism of Securitization
  6. Problems in Securitization
  7. Securitization Instruments
  8. Pricing of Securitization Instruments
  9. Securitization in India

8. Mutual Funds

After reading this chapter student shall be able to understand:

  1. Basics of Mutual Funds
  2. Evolution of Mutual Funds
  3. Classification of Mutual Funds
  4. Types of Schemes
  5. Advantages of Mutual Fund
  6. Drawbacks of Mutual Fund
  7. Terms associated with Mutual Fund

9. Derivative Analysis and Valuation

After reading this chapter student shall be able to understand:

  1. Forward/ Future Contract
  2. Options
  3. Swaps
  4. Commodity Derivatives

10. Foreign Exchange Exposure and Risk Management

After reading this chapter student shall be able to understand

  1. Exchange rate determination
  2. Foreign currency market
  3. Management of transaction, translation and economic exposures
  4. Hedging currency risk
  5. Foreign exchange derivatives – Forward, futures, options and swaps

11. International financial management

After reading this chapter student shall be able to understand:

  1. International Capital Budgeting
  2. International Sources of Finance
  3. International Working Capital Management
  4. Multinational Cash Management
  5. Multinational Receivable Management
  6. Multinational Inventory Management

12. Interest Rate risk Management

After reading this chapter student shall be able to understand:

  1. Interest Rate Risk
  2. Hedging Interest Rate Risk
  • Traditional Methods
  • Modern Methods including Interest Rate derivatives

13. Corporate Valuation

After reading this chapter student shall be able to understand:

  1. Conceptual Framework of Valuation
  2. Approaches/ Methods of Valuation
  • Assets Based Valuation Model
  • Earning Based Models
  • Cash Flow Based Model
  • Measuring Cost of Equity
  • Relative Valuation
  • Other Approaches to Value Measurement - Economic Value Added (EVA), Market Value Added (MVA), Shareholder Value Analysis (SVA)
  • Arriving at Fair Value

14. Mergers, Acquisition and Corporate structuring

After reading this chapter student shall be able to understand:

  1. Conceptual Framework
    - Rationale
    - Forms
  2. Mergers and Acquisitions
  3. Divestitures
  4. Ownership Restructuring - Going Private, Management/ Leveraged Buyouts
  5. Cross Border Merger

15. International Financial Centre

After reading this chapter student shall be able to understand:

  1. Constituents of IFC
  2. Islamic Finance
  • Major Difference between Islamic Finance & other Forms of Finance
  • Concept of Riba
  • Major Islamic Financial Instruments

16. Start-up Finance

After reading this chapter student shall be able to understand:

  1. Introduction of Startup finance
  2. Pitch Presentation
  3. Sources of Funding
  4. Startup financing through Venture Capital Financing

17. Small and medium Enterprises

After reading this chapter student shall be able to understand:

  1. Introduction: Market size, Employment generation and Contribution to GDP
  2. Arranging Finance
  3. Small & Medium Enterprises (SMEs) Finance – A Global Perspective
  4. Export Promotion
  5. Benefits available to Micro, Small or Medium Enterprises
  6. SME Listing

Material

Theory Book for SFM C.A. Final