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:

1. R.Narayanaswamy, Financial Accounting, published by Prentice - Hall, India.

2. Shyamal Roy, Macroeconomic Policy Environment, published by Tata - McGraw Hill Publishing Company.

3. 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.

1. Prasanna Chandra : Financial Accounting : A Primer

2. Prakash G Apte : Macroeconomics : A Primer

3. 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 One year 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