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Financial Management | 1st Class | CMA Inter Group 2 New Syllabus 2022 | CA Satish Jalan

SJC Institute・49 minutes read

Financial Management and Business Data Analytics class involves a new syllabus with increased emphasis on Cost and Financial Management, shifting focus from Tax. The goal is for students to deeply understand the subjects through intuitive learning methods and pass exams with good marks.

Insights

  • The syllabus changes have increased the importance of Cost and Financial Management subjects, emphasizing a shift towards these areas from Tax. Business Data Analytics has also been integrated to keep students updated with modern trends, indicating a focus on practical, relevant knowledge in financial education.
  • Financial Management encompasses various crucial aspects such as wealth maximization for equity shareholders, efficient management practices, and compliance with regulations. The goal of financial management is to ensure long-term sustainability through ethical practices, emphasizing the significance of market value, earnings, and strategic decision-making to drive business success.

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Recent questions

  • What subjects are emphasized in the new syllabus?

    Financial Management, Cost Management, and Data Analytics.

  • How is Data Analytics integrated into the syllabus?

    Integrated into Financial Management and Strategic Management.

  • What is the teaching approach in the Financial Management class?

    Emphasizes understanding over rote learning.

  • How are students prepared for exams in the Financial Management class?

    Through revision classes, tests, and active participation.

  • What is the significance of continuous learning in financial management?

    Ensures staying updated and innovative in the field.

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Summary

00:00

New Financial Management and Data Analytics Syllabus

  • Financial Management and Business Data Analytics class is being introduced, with Financial Management paper number 11 in the new syllabus.
  • In the previous syllabus, Financial Management and Cost Management were combined for 50-50 marks, but in the new syllabus, Cost Management is now a full 100 marks, while Management Accounting and Financial Management are 80 marks each, with Data Analytics at 20 marks.
  • The institute has increased the importance of Cost and Financial Management subjects, shifting focus from Tax to Cost and Financial Management.
  • The inclusion of Business Data Analytics in the syllabus is to keep students updated with modern trends and ensure they don't fall behind.
  • Data Analytics is a separate science with dedicated classes, and it's integrated into Financial Management and Strategic Management subjects.
  • The teaching method aims to make students intuitively answer questions, emphasizing understanding over rote learning.
  • The goal is for students to pass with good marks, with a focus on understanding the subject deeply to excel in exams.
  • Revision classes, chapter-wise tests, and block tests are conducted to ensure thorough preparation and confidence in passing exams.
  • Students are encouraged to actively participate in classes, utilize Telegram groups for doubt resolution, and keep updated with batch notifications.
  • Financial Management is a crucial subject, with 80 marks in exams, and the teaching method involves using a supplement to simplify learning and reduce confusion.

22:37

"Essentials of Financial Management and Currency"

  • The text emphasizes the importance of practicing financial management through various examples and explanations.
  • It discusses the origins of the term "finance" and its significance as a medium of exchange.
  • Different countries have different names for currency, regulated by institutions like RBI.
  • The text delves into the necessity of money in various aspects of life, from basic needs to business operations.
  • It explains the distinction between working capital and fixed capital in business.
  • The concept of cost of capital is crucial in procurement decisions, determining the extra charge for every rupee invested.
  • Monitoring business performance involves creating financial statements like PL, balance sheets, and cash flow statements.
  • Dividend decisions are vital in business, involving rewarding investors and deciding on reinvestment or returns.
  • The text highlights the importance of continuous learning and staying updated in the dynamic field of finance.
  • It encourages reading financial publications like Business Standard to stay informed and innovative in financial management.

47:12

Essentials of Financial Management for Business Success

  • Reading headlines from the Atlas Business Standard newspaper is recommended for those interested in finance management.
  • Understanding the need and meaning of finance is crucial for financial management.
  • Working capital of ₹10 crores is discussed in relation to finance management.
  • The objective of financial management is wealth maximization for equity shareholders.
  • Efficient management practices, worker efficiency, and timely maintenance are essential for financial success.
  • Compliance with regulations, quality product creation, and goodwill generation are key aspects of financial management.
  • Long-term sustainability and ethical practices are emphasized for business longevity.
  • Market value and earnings play a significant role in determining a company's worth.
  • The concept of wealth maximization and profit maximization are explained in financial management.
  • Procurement of funds through debentures, term loans, and preference shares is discussed for financial stability.

01:20:23

"Financial Management: Maximizing Wealth Through Financing"

  • Debenture holders are allowed inside the company for voting, with separate meetings called for voting decisions.
  • Voting rights are based on majority decisions, with the majority's choice being followed.
  • Implied Obligation refers to receiving money without a specific obligation for repayment.
  • Equity shareholders are those who receive money without a fixed obligation for repayment.
  • Finance management aims at wealth maximization for debenture holders.
  • Preference shareholders expect fixed dividends, while equity shareholders do not require fixed returns.
  • Returns from funds are distributed first to preference shareholders, then to equity shareholders.
  • Leveraging involves maximizing returns to equity shareholders by taking funds from fixed obligations.
  • Financial analysis tools monitor balance sheets and sources of finance, like fixed duplication and implied obligations.
  • Financial management involves making decisions on financing, working capital, and dividend distribution to maximize wealth.
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