Syllabus Guide Detailed Outcomes
Having studied this chapter you will be able to:
• Explain the nature & purpose of financial management, and its relationship to financial and management accounting.
• Discuss the relationship between financial objectives (eg shareholder wealth maximisation, profit maximisation, earnings per share growth), corporate objectives and corporate strategy.
• Identify the range of stakeholders, their objectives and possible conflict between stakeholder objectives.
• Discuss the role of management in meeting stakeholder objectives including the use of agency theory.
• Describe and apply ways of measuring achievement of corporate objectives.
• Explain ways to encourage the achievement of stakeholder objectives, including managerial reward schemes and regulatory requirements.
• Discuss the impact of not-for-profit status on financial and other objectives.
• Discuss the nature and importance of Value for Money as an objective and how to measure the achievement of objectives in not-for-profit organisations.
Having studied this chapter you will be able to:
• Explain the nature & purpose of financial management, and its relationship to financial and management accounting.
• Discuss the relationship between financial objectives (eg shareholder wealth maximisation, profit maximisation, earnings per share growth), corporate objectives and corporate strategy.
• Identify the range of stakeholders, their objectives and possible conflict between stakeholder objectives.
• Discuss the role of management in meeting stakeholder objectives including the use of agency theory.
• Describe and apply ways of measuring achievement of corporate objectives.
• Explain ways to encourage the achievement of stakeholder objectives, including managerial reward schemes and regulatory requirements.
• Discuss the impact of not-for-profit status on financial and other objectives.
• Discuss the nature and importance of Value for Money as an objective and how to measure the achievement of objectives in not-for-profit organisations.
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Book: Financial Management (ACCA F9) Download
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