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CERTIFIED
FINANCIAL MANAGER Programme : FAQs
1.
What is the thrust of the CERTIFIED FINANCIAL MANAGER programme
?
The primary
thrust of the CERTIFIED FINANCIAL MANAGER programme is on
imparting a basic body of knowledge that will help participants
in valuing assets, in dealing
sensibly with market fluctuations, in managing risk, and in
developing strategies for creating value for shareholders.
More
specifically, the CERTIFIED FINANCIAL MANAGER programme will,
interalia, help participants to:
- Learn
the workings of the securities markets
- Understand
the relationship between risk and return
- Value
bonds and stocks
- Manage
a portfolio of securities
- Identify
promising capital investment opportunities
- Appraise
a capital expenditure proposal
- Prepare
a project feasibility report
- Understand
the nuances of financing options
- Structure
a suitable project financing arrangement
- Manage
working capital
- Understand
how the foreign exchange market works
- Manage
the foreign exchange exposure
- Evaluate
various sources of international financing
- Hammer
out the financing strategy of the firm
- Value
a company or a business division thereof
- Analyse
a merger proposal
- Formulate
a value based management programme
- Develop
an integrated corporate risk management strategy
- Identify
ways and means of improving corporate governance
2. Who will benefit from the CERTIFIED FINANCIAL MANAGER programme
and how ?
The CERTIFIED
FINANCIAL MANAGER programme is meant for corporate finance
executives, accountants, financial analysts, consultants,
and bankers. In addition it will benefit students of professional
programmes and post-graduate courses and software professionals
interested in acquiring domain knowledge of finance. The CERTIFIED
FINANCIAL MANAGER programme presents the basic concepts, ideas,
and information needed for good financial decisions. It also
discusses the tools of the trade of finance. You will find
the application of this knowledge rewarding. Of course, remember
that in the real world, success is a function of knowledge,
judgment, creativity, and luck.
3.
What prerequisites should the participants have ?
Participants
in the CERTIFIED FINANCIAL MANAGER programme should ordinarily
have a basic grounding in financial accounting and macroeconomics.
Generally, students of MBA, CA, CWA, and CS receive such grounding
at the first year or the corresponding level of these programmes.
In addition, they must be familiar with spreadsheets.
In case
you lack such a background you may read the following:
- R.Narayanaswamy,
Financial Accounting, published by Prentice - Hall, India.
- Shyamal
Roy, Macroeconomic Policy Environment, published by Tata
- McGraw Hill Publishing Company.
- A
.Singh, Company Law : In Nutshell, published by Eastern
Book Company
For
a very condensed primer in these areas, you may read the following
material posted on the website of the Centre for Financial
Management.
- Prasanna
Chandra : Financial Accounting : A Primer
- Prakash
G Apte : Macroeconomics : A Primer
- Pratap
Subramanyam : Law in Corporate Finance : A Primer
4.
How much time may be required to do the CERTIFIED FINANCIAL
MANAGER programmme ?
The CERTIFIED FINANCIAL MANAGER programme is a Six months
programme
5.
Do I have to buy any material other than what is provided
by the Centre for Financial Management?
You
do not have to buy any material because the courseware provided
by the centre for Financial Management is comprehensive and
complete.
6.
What kind of web learning support will I get?
The
web learning support provided by the Centre for Financial
Management will enable you to:
- Seek
clarification of your doubts by posting your queries on
the CERTIFIED FINANCIAL MANAGER
website.
- View
all the previous question papers along with solutions.
- Get
the power point presentations for all the topics
- Keep
yourself posted on important contemporary developments by
visiting
the CERTIFIED FINANCIAL MANAGER Update section on the CERTIFIED
FINANCIAL MANAGER website
7.
What is the best way to prepare for the CERTIFIED FINANCIAL
MANAGER examinations?
The best
way to prepare for the CERTIFIED FINANCIAL MANAGER examinations
is to:
- Study
regularly as per the study plan provided.
- Work
out answers to all the problems and minicases.
- Check
your solutions with the solutions posted on the website.
- Seek
prompt clarification to your doubts by posting your queries
on the website
- Take
one or two mock examinations based on the previous question
papers
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