ACCA Diploma in

Financial Management
Overview:

If you’re like most middle or senior managers that work in non-accounting roles,
chances are you will have some kind of financial responsibility – whether it’s managing
budgets, cost centres or interpreting financial statements.

So why not differentiate yourself from most middle or senior managers in non-
accounting roles and gain the practical knowledge and skills you need to become
comfortable and confident when dealing with financial matters?

ACCA’s Diploma in Financial Management will provide you with the confidence you
will need to participate in financial discussions and decision making and add value to
your CV.

The Diploma aims to achieve a level of practical understanding that is genuinely useful
in the workplace by covering a range of key areas, including how to interpret financial
statements, plan, manage and measure performance using budgets and other
financial techniques, make financial decisions, manage financial risk, and develop an
understanding of corporate governance.

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Course Structure:
The Diploma programme has a modular design for convenience of study and to enable you to
progress smoothly from basic principles to more strategic issues. Each module covers two subject
areas:

Module A Module B
1. Interpretation of Financial Statements 3. Financial Strategy
2. Performance Management 4. Risk Management

EXAMS

Each of the two modules will be assessed via a 3-hour examination and a project.
ACCA offers 160 examination centres worldwide, and sessions are held twice a year in
June and December. One or both examinations can be taken at one sitting.

The examination for each module covers the two subject areas in that module and is
assessed via a combination of multiple choice and written questions. Like the
examination, the project is also based on the subject areas covered by the module,
but it can be completed in the student’s own time and submitted to ACCA for marking,
prior to examination sessions in June and December.

Both the examination and the project must be successfully completed in order to
achieve an overall pass in the module.

On successfully passing both modules, you will receive a certificate and the entitlement
to use the letters DipFM after your name.

Entry Requirements:

The minimum entry requirement for the Diploma is a recognised degree, higher national
certificate/diploma or a non-accounting professional qualification.

Individuals who do not hold these qualifications may be admitted on the basis of their
work experience. In these circumstances, you should be able to demonstrate, with an
employer’s reference, that the Diploma will be relevant to your work. If you are self-
employed, a reference from an accountant, solicitor/attorney or bank manager will be
required.

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Details:

REGISTRATION DEADLINE: 11th December 2009

START DATE January 2010

DURATION One year

DAYS OF CLASSES Tuesdays & Thursdays (5:30 pm to 8:30 pm)

VENUE: Arthur Lok Jack GSB Campus – Uriah Butler Highway North
West, Mt Hope

EXAMINATION June & December

COST 500.00 Registration fee (non-refundable)

$10,000.00 - 50% GATE FUNDED - $5,000.00
Citizens of Trinidad & Tobago pays $5,000.00
With GATE Application

METHOD of PAYMENT: Cash, manager’s cheque, company cheque, credit card,

linx. No personal cheques accepted

ACCA FEES

Subscription £ 57.00 (N.B. This is an annual fee)

Registration £ 251.00
Exam & Project £ 272.00 (£136.00 per module)
£ 580.00

N.B. All ACCA fees are to be handled by the participant. Participants are to liaise with
ACCA on all matters pertaining to ACCA fees, please be informed that the ACCA fees
are subject to change.

GATE

Gate will apply to citizens of Trinidad and Tobago completing the ENTIRE
Diploma in Financial Management Programme with full tuition.

Copies of:
o Birth certificate and national ID or passport must be provided.
o Completed and signed application form
o Job letter showing at least 3 years employment in Trinidad & Tobago

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Prerequisite to qualify for GATE:

Must be a national of Trinidad & Tobago

Must have resided in Trinidad & Tobago for at least 5 consecutive years

Must NOT be enrolled in any other state funded programme

Note: GATE only applies if you meet the above stipulations AND Gate does not cover
books and ACCA fees. GATE will only cover 50% of tuition fees.

Contact Information:

Shadeed ext 131; Avalaughn ext 343; Indira ext 136

Phone # - 645-6700 or 662-9895

Fax # - 868-662-1411

Email – [email protected]

Web Site – www.gsb.tt

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 Training Schedule for Module A
Cohort 17:- Jan to June 2010
January 2010
Tuesday Thursday Saturday
12th 5.30 pm – 8.30 pm (WR) 14th 5.30 pm – 8.30 pm (WR) 16th 8.00 am – 11.00 am (WR)
19th 5.30 pm – 8.30 pm (WR) 21st 5.30 pm – 8.30 pm (KR)
26th 5.30 pm – 8.30 pm (KR) 28th 5.30 pm – 8.30 pm (KR)

February 2010
Tuesday Thursday Saturday
2nd 5.30 pm – 8.30 pm (WR) 4th 5.30 pm – 8.30 pm (KR) 6th 8.00 am – 11.00 am (KR)
9th 5.30 pm – 8.30 pm (WR) 11th 5.30 pm – 8.30 pm (KR)
23rd 5.30 pm – 8.30 pm (WR) 25th 5.30 pm – 8.30 pm (KR)

March 2010
Tuesday Thursday Saturday
02nd 5.30 pm – 8.30 pm (WR) 4th 5.30 pm – 8.30 pm (KR) 6th 8.00am – 11.00am (WR)
9th 5.30 pm – 8.30 pm (WR) 11th 5.30 pm – 8.30 pm (KR)
16th 5.30 pm – 8.30 pm (WR) 18th 5.30 pm – 8.30 pm (KR)
23rd 5.30 pm – 8.30 pm (WR) 25th 5.30 pm – 8.30 pm (KR)
30th 5.30 pm – 8.30 pm (WR

April 2010
Tuesday Thursday Saturday
6th 5.30 pm – 8.30 pm (WR) 8th 5.30 pm – 8.30 pm (KR) 10th 8.00am – 11.00am (KR)
13th 5.30 pm – 8.30 pm (WR) 15th 5.30 pm – 8.30 pm (KR)
20th 5.30 pm – 8.30 pm (WR) 22nd 5.30 pm – 8.30 pm (KR)
27th 5.30 pm – 8.30 pm (WR) 29th 5.30 pm – 8.30 pm (KR)

May 2010
Tuesday Thursday Saturday
4th 5.30 pm – 8.30 pm (WR) 6th 5.30 pm – 8.30 pm (KR)
11th 5.30 pm – 8.30 pm (WR) 13th 5.30 pm – 8.30 pm (KR)
18th 5.30 pm– 8.30 pm (WR) 20th 5.30 pm – 8.30 pm (KR)
25th 5.30 pm– 8.30 pm (WR) 27th 5.30 pm – 8.30 pm (KR)

Walter Rochester – Performance Management – Paper 11

Keith Robinson – Interpretation of Financial Statements – Paper 1

Please note: These dates are subject to change based on public holidays and uncontrollable
circumstances. All students will be notified of any such changes prior to the actual class date.
This schedule applies to both cohorts.

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 Outlines of Modules

1. INTERPRETATION OF FINANCIAL STATEMENTS

AIM The overall aim of this paper is for candidates to understand and interpret the financial
statements produced by organisations for external users. Candidates should develop an
understanding of the regulatory framework in which these statements are prepared and of the
principles and methods which underlie their preparation.

OBJECTIVES: On completion of this paper candidates should be able to:

• describe the role and function of external financial reports and identify their users and
the regulatory framework in which they are prepared
• explain the accounting concepts and conventions present in generally accepted
accounting practice
• explain, supported by simple computations, the presentation, measurement and
meaning of the primary financial statements and their contents
• describe the informational role of the constituent parts of a corporate annual report
usually presented in addition to the primary financial statements
• compute, interpret and appraise financial performance, financial position and
adaptability as revealed by financial statement analysis, particularly by the use of
financial and accounting ratios.

2. PERFORMANCE MANAGEMENT

AIM: To develop a good understanding of the knowledge required and techniques available to
enable managers to measure and manage business performance within their organisation.
Financial and non- financial measures of performance are included in this paper.

OBJECTIVES: On completion of this paper candidates should be able to:

• understand how performance measures should be linked to overall organisation strategy

• prepare budgets and use them to control and evaluate organisational performance
• identify and apply techniques that aid decision-making to maximise financial
performance
• identify and implement appropriate costing systems and business control systems
• identify and apply techniques to evaluate decisions in relation to costing, pricing,
product range, marketing strategy, purchasing and production strategies
• identify and apply non-financial performance measures, and understand the inter-
relationships between different performance measures
• understand the behavioural and organisational consequences of using performance
measurement and performance management techniques

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 • identify and apply techniques for evaluating the performance of divisions
• identify and understand issues that may cause performance to fall short of expectations,
such as actions of competitors, labour disputes, supply problems, foreign exchange
movements and late payment.

3. FINANCIAL STRATEGY

AIM: To develop an understanding of the role of financial strategy in the investment, finance
and resource allocation decisions within an organisation.

OBJECTIVES: On completion of this paper, candidates should be able to:

• explain the role and nature of financial strategy and its relationship to shareholder value
• identify the main elements of investment appraisal
• evaluate long-term decision opportunities through the use of appropriate techniques
• identify and evaluate the major sources of finance available to an organisation
• explain the role of capital markets in raising finance
• discuss the main methods of managing working capital and analyse working capital
policies
• evaluate the motives for, and financial implications of, mergers and acquisitions
• discuss the impact of taxation and inflation on financial strategy decisions.

4. RISK MANAGEMENT

AIM: To achieve a sound appreciation of the theoretical and practical aspects of corporate
governance, and to develop an understanding of the main theories and frameworks associated
with the management of both financial and non-financial risk.

OBJECTIVES: On completion of this paper, candidates should be able to:

• explain the drivers behind an organisation’s appetite and consequent policy for
managing risk
• identify the main types of financial risk and evaluate the mechanisms available for
managing exposure to them
• discuss the various tools and techniques for identifying, measuring and communicating
risk
• discuss the importance of internal control in the management of risk
• describe the various frameworks and codes enshrining good governance practice
• explain the role of individuals and committees in implementing and reporting on good
governance.

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 For official use only
ACCA - Diploma in
Financial Management Form #
Please complete in BLOCK LETTERS Contacts: 645-6700 x 131 / 136 Cohort #
SECTION 1- Personal Data shadeed / Avalaughn / Indira
Name: Surname First Name Other:

Date of Birth / / M F
DD MM YR Sex

Job Title:
Organisation:
Work address:

Work Tel: Home Tel: Mobile Tel:

Fax: Preferred E-mail:

Communications with students done through e-mail

SECTION 2 - Qualifications
Certifications Institution Date Awarded

(Other Qualifications)

Individuals who do not meet the entry qualifications may be admitted on the basis of their work
SECTION 3 - Authorization
experience with an employer's refrence and must be 23 years or older

Name:
Company:
Date:
Signature:
Company Stamp
SECTION 4 - Modules applied for (please tick accordingly)

Module A Module B
Interpretation of Financial Statements Financial Strategy

Performance Management Risk Management

SECTION 5 - Terms & Conditions

N.B. A non-refundable registration fee of TT$500.00 applies to all successful applicants
Please be advised that participants withdrawing from the programme within 4 days of its commencement will
incur a 20% administrative fee. Withdrawing after commencement of the programme - incurs a 20%
administrative fee as well as cost of classes attended.
If you agree to the above terms and conditions and attest that all other information filled out as being true and correct
please sign below.

Print Name Signature Date

For further information or clarification please contact:
Shadeed / Avalaughn / Indira at 645-6700 ext 131/343/136 or email at: [email protected]
 Checklist for registration in ACCA Diploma in Financial
Management.

 3 copies of birth paper AND Trinidad & Tobago passport OR national ID card

 Job Letter or CV showing employment in Trinidad & Tobago for the last 3 years

 2 passport size photographs

 2 Copies of degree OR

 2 copies of the letter of recommendation for persons using the practical

experience route (PER):
from a Certified Accountant or Lawyer or a letter of recommendation from
employer.

 Bank draft in the amount of £308.00 payable to ACCA - [ACCA registration &
Subscription]
o please note exam & project fees can be paid in two parts of £136.00 per semester

 Registration fee of $500.00 (non refundable)

 Payment in the amount of $5000.00ttd payable to Arthur Lok Jack Graduate

School of Business (cash, credit card, linx, bank draft – no personal cheques)

 ACCA registration form filled out

 Gate application form filled out

 GSB registration form filled out

Please note:
Registration forms will only be accepted with supporting documents, no one will be
allowed to attend classes unless ALL forms and documents are delivered to the business
school by the deadline date.