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ICAN Strategic Financial Management Notes

Advanced investment and financing decisions in the corporate setting. This course follows the ICAN syllabus in 71 topics. All 71 are published, each with detailed notes, worked examples, exam tips and ICAN-style practice questions.

Topics in ICAN Strategic Financial Management

Read them in order or jump to the one you need.

Topics in ICAN Strategic Financial Management, grouped by syllabus section
No.TopicRead
Introduction to business strategy and financial management10 topics10% of marks
1Strategic financial management and corporate objectivesRead note
2The treasury functionRead note
3Stakeholders, corporate social responsibility and ethics in financial managementRead note
4Money laundering and the duties of directorsRead note
5The economic environment, free trade and international institutionsRead note
6Government influence on business and the financial management frameworkRead note
7Financial markets, money markets and money market instrumentsRead note
8Dividend policy, dividend capacity and transfer pricingRead note
9Emerging issues: the financial crisis, dark pools and new asset classesRead note
10Technology tools for financial managementRead note
Strategic management5 topics10% of marks
11Strategic analysis: PESTEL, SWOT and the five forcesRead note
12The Ansoff matrix and methods of strategic developmentRead note
13Assessment and selection of business strategiesRead note
14Business plans and communicating strategyRead note
15Strategic change and managing changeRead note
Risk management3 topics5% of marks
16Risk, risk management and categories of riskRead note
17Identification, assessment and measurement of riskRead note
18Monitoring and controlling risk, and enterprise risk managementRead note
Governance5 topics5% of marks
19Corporate governance: meaning, concepts and stakeholdersRead note
20Agency theory and other governance theoriesRead note
21Governance codes: rules-based and principles-based approachesRead note
22The board: roles, composition and committeesRead note
23Directors and the law, director development and auditRead note
Advanced investment appraisal29 topics30% of marks
24Discounted cash flow (i): NPV, annuities and perpetuitiesRead note
25Discounted cash flow (ii): IRR, MIRR and relevant costsRead note
26Discounted cash flow (iii): taxation and capital allowancesRead note
27Discounted cash flow (iv): inflationRead note
28Risk and uncertainty (i): sensitivity analysis and expected valuesRead note
29Risk and uncertainty (ii): decision trees, risk-adjusted rates and other methodsRead note
30The lease versus buy decisionRead note
31Asset replacement decisionsRead note
32Capital rationingRead note
33Cost of capital and the weighted average cost of capitalRead note
34Risk, return and portfolio theoryRead note
35The capital asset pricing model and the cost of capital for appraisalRead note
36Sources of finance: equity and rights issuesRead note
37Sources of finance: debt, convertibles and preference sharesRead note
38Finance for SMEs and venture capitalRead note
39Islamic financeRead note
40Financing projects and capital structure theoriesRead note
41Gearing, WACC and asset and equity betasRead note
42Adjusted present valueRead note
43International Valuation StandardsRead note
44Business valuation: asset-based and income-based methodsRead note
45Dividend valuation modelsRead note
46The valuation of debt and preference sharesRead note
47The efficient market hypothesisRead note
48Value-based management: EVA and MVARead note
49Cash flow valuation and free cash flowRead note
50International investment decisionsRead note
51Option pricing theory and the Black-Scholes modelRead note
52Real options and applications of Black-ScholesRead note
Acquisitions, mergers, corporate reconstruction and re-organisation8 topics25% of marks
53Mergers and acquisitions: strategic and regulatory issuesRead note
54Valuation for mergers and acquisitionsRead note
55Financing acquisitions and mergersRead note
56Capital reconstructionsRead note
57Business reorganisation and management buyouts (MBO)Read note
58Forecast financial statementsRead note
59Evaluating financial performance, position and proposed strategiesRead note
60Corporate failure and how to predict itRead note
Advanced risk management techniques11 topics15% of marks
61Foreign exchange rates and exposureRead note
62Exchange rate relationships: PPP and interest rate parityRead note
63Forward contracts, money market hedges and nettingRead note
64Duration and convexityRead note
65Yield curves and credit riskRead note
66Forward rate agreements and interest rate swapsRead note
67Forward rates from yield curves and currency swapsRead note
68Futures and hedging with futuresRead note
69Currency futures and short-term interest rate futuresRead note
70Hedging with options, caps, floors and collarsRead note
71Delta hedging and the GreeksRead note

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About ICAN Strategic Financial Management Notes

These are the 71 Strategic Financial Management topics, in teaching order, across 7 syllabus sections. The first note is “Strategic financial management and corporate objectives” and the last is “Delta hedging and the Greeks”. Reading them all takes about 14 hours. At an hour a day, that is about 2 weeks.

What you will learn
  • Link business strategy to financial decisions (10% of marks)
  • Use strategic management tools to analyse a situation and choose a strategy (10% of marks)
  • Identify and manage strategic and financial risk (5% of marks)
  • Apply corporate governance principles and theories (5% of marks)
  • Appraise complex investments, including under risk and uncertainty (30% of marks)
  • Value and structure acquisitions, mergers and reconstructions (25% of marks)
  • Apply advanced techniques to manage financial risk (15% of marks)

Frequently asked Questions about Strategic Financial Management

What is ICAN Strategic Financial Management?

Advanced investment and financing decisions in the corporate setting. It is a Professional level paper.

Are the Strategic Financial Management notes free?

Yes. All 71 topics are free to read online. You pay only to keep them as PDF and Word, which come in the course pack with the full question bank and marking guides.

Do the notes point me to past questions?

Yes. Almost every topic links to related Pathfinder questions by diet and year. Advanced investment appraisal carries the most marks at 30%, so start your practice there.

How many topics are in Strategic Financial Management?

There are 71 topics in 7 syllabus sections, in teaching order. Each has a summary, worked examples, exam tips and practice questions.

Which section carries the most marks in Strategic Financial Management?

Advanced investment appraisal is the biggest section, at 30% of marks. Start there, but do not skip the rest. Any section can be examined.

Can I practise with past questions?

Yes. Every topic has ICAN-style practice questions with marking guides. Where past ICAN questions exist, a Pathfinder section lists them by diet and year, so you can try the real thing.

What mark do I need to pass Strategic Financial Management?

ICAN papers are normally passed with 50%. Confirm the current rule on the official ICAN portal, because the Institute can change it.

Are the notes up to date?

They follow the ICAN Professional level syllabus, so they are the same for every diet. Found a mistake? Tap Tell us on any topic and we will check it.

Are these notes from ICAN?

No. Accountants.ng is independent of ICAN. ICAN publishes the official syllabus, study text and past papers, so use our notes alongside them.

How do I study Strategic Financial Management without getting overwhelmed?

Take one topic at a time. Read it, try the practice questions, then check the marking guide. Move through the sections in order, and give extra time to the sections with more marks.