Strategic Management involves outlining and implementing the main goals and objectives of a business. It is a continuous process where you should re-evaluate goals and strategies regularly according to the latest business environment and trends
It involves setting financial objectives and goals, managing financial resources and Financial Risk Management
Why has ICMAI introduced this paper, Strategic Financial Management, at the CMA Final level?
As a qualified CMA, you will be supporting in Project Planning and Investment decisions. Therefore, you need to gain thorough understanding of Investment Portfolios and Financial Instruments.
In addition, you need to have knowledge of Financial Risk Management in International Operations
What are the topics covered in Strategic Financial Management at CMA Final Level?
This paper is divided into 4 segments which are as follows:
Financial Markets and Institutions
Security Analysis and Portfolio Management
Financial Risk Management
The financial derivatives and the risk management in International Operations are the topics which are new concepts at this level and needs more attention to detail due to introduction of concepts at an advanced level
What is the best approach to study the Strategic Financial Management paper?
The best approach to study this subject is to first understand the concepts and then solve practical questions immediately. This way you will retain the concepts for a longer tenure and understand your footing on the subject
As per ICMAI rules and regulation, there should be atleast 9 months of time gap from the time of registration to the time of giving exam. The reason behind this is, a student should do a thorough study of all the concepts. Therefore, it is always recommended to start immediately after registering to the course
There are many books which are available in the market as well as various books recommended by ICMAI. However, from the point of view of exam and to conceptually understand the entire syllabus, Study materials given by ICMAI is highly recommended. Cover the ICMAI syllabus in detail and don’t indulge in any selective coverage of syllabus
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