Advanced Financial ManagementThe Advanced Financial Management exam requires students to apply relevant knowledge and skills and exercise professional judgement as expected of a senior financial adviser in taking or recommending decisions concerning the financial management of the organisation. The syllabus includes a number of topics which were covered in Financial Management (FM), but develops them further and requires candidates to be able to apply them to more complex

Process receipts and payments

and dividend policy decisions

Principles of Costing

including the responsibilities of auditors

as are many of the tools and techniques used by project managers involved in project work

P3 Risk Management is a deceptively complex subject: you could be forgiven for thinking that it is just about finding ways to manage risk

This unit provides students with an understanding of the business

C Decision-making techniques

E Finance Interacting with the Organisation

Apply and integrate knowledge gained from other papers in the AIA professional qualification to a case scenario representing a practical context

It builds on a good knowledge of recording financial transactions from FA1 Recording Financial Transactions

Describe the principal differences between IFRS® Standards and UK GAAP and prepare simple extracts from financial statements in accordance with UK GAAP