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Studying F9 vii
The exam paper and exam formulae viii
Part A Financial management function
1 Financial management and financial objectives 3
Part B Financial management environment
2 The economic environment for business 35
3 Financial markets and institutions 53
Part C Working capital management
4 Working capital 65
5 Managing working capital 79
6 Working capital finance 103
Part D Investment appraisal
7 Investment decisions 127
8 Investment appraisal using DCF methods 141
9 Allowing for inflation and taxation 157
10 Project appraisal and risk 169
11 Specific investment decisions 181
Part E Business finance
12 Sources of finance 201
13 Dividend policy 223
14 Gearing and capital structure 231
Part F Cost of capital
15 The cost of capital 253
16 Capital structure 275
Part G Business valuations
17 Business valuations 293
18 Market efficiency 313
Part H Risk management
19 Foreign currency risk 325
20 Interest rate risk 349
Mathematical tables 361
Exam question bank 367
Exam answer bank 389
Index 447
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