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Paper 14: Finance for Decision Making
By Traction SGB
Categories: Certified Secretary (CS)

About Course
The Professional courses are administered at Foundation, Intermediate and Advanced Levels. Each level requires an average of one year, though candidates are advised to provide for an additional one year to meet requirements for internship/ practical experience.
A student must book for a minimum of three papers in a level in any order unless is exempted or has credits.
This course is aimed at persons who wish to qualify and work or practice as corporate secretaries, policy formulators, and consultants in governance, governance and compliance auditors and administrators at county and national levels and in the private sector.
Course Content
CLASS RECORDINGS MAY TO AUGUST 2025
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JUNE 16TH
01:45:02 -
JUNE 17TH
01:55:39
JAN – APR CLASS RECORDINGS 2025
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FEB 11TH
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FEB 24TH
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FEB 25TH
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MAR 3RD
01:54:00 -
MAR 4TH
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MAR 10TH
02:11:00 -
MAR 11TH
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MAR 17TH
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MAR 18TH
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MAR 24TH
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MAR 25TH
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MAR 31ST
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APR 1ST
01:34:00 -
APR 5TH
01:26:00 -
APR 7TH
02:00:00 -
APR 7TH B
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APR 8TH
01:47:00
CLASS RECORDING SEPTEMBER – DECEMBER 2024
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Class 0 09.09.2024
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Class 1 10.09.2024
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Class 2 16.09.2024
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Class 3 17.09.2024
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Class 4 23.09.2024
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Class 5 24.09.2024
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CLASS 6 30.09.2024
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CLASS 7 01.10.2024
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CLASS 8 07.10.2024
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CLASS 9 14.10.2024
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CLASS 10 15.10.2024
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CLASS 11 22.10.2024
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CLASS 12 28.10.2024
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CLASS 13 29.10.2024
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CLASS 14 4.10.2024
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CLASS 15 5.10.2024
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CLASS 16 11.11.2024
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CLASS 17 12.11.2024
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CLASS 18 18.11.2024
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CLASS 19 19.11.2024
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CLASS 20 25.11.2024
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CLASS 21 26.11.2024
02:00:00
CLASS LINK
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online class recording
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PAST PAPERS
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PAST PAPERS
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1. Overview of Finance
1.1 Nature and scope of finance
1.2 Finance functions - Managerial, Routine and other emerging functions
1.3 Goals of a firm; financial and non-financial objectives, overlaps and conflicts among the objectives
1.4 Agency theory, stakeholder’s theory and corporate governance
1.5 Ethical issues in financial management
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OVERVIEW OF FINANCIAL MANAGEMENT (part 1)
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OVERVIEW OF FINANCIAL MANAGEMENT (part 2)
3. Financial Statement Analysis and Forecasting
Definition of financial statements analysis
The roles of financial reporting and financial statements analysis
3.3 Users of financial statements and their information needs
3.4 Importance of financial statement analysis
3.5 Cost of disclosing financial information; direct costs, indirect costs
3.6 Analysing financial statements
3.6.1 Income statement: Components and format of the income statement
3.6.2 Statement of financial position; components and format of statement of financial position
3.6.3 Statement of changes in equity; components of equity, equity valuation ratios
3.6.4 Cash flow statements; component and format of the cash flow statement
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Financial Statement Analysis and Forecasting (part 1)
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Financial Statement Analysis and Forecasting (part 2)
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Financial Statement Analysis and Forecasting (part 3)
4. Budgeting and budgetary control
4.1 Nature and purposes of budgets
4.2 Limitations of budgeting
4.3 Preparation of budgets; master budgets, functional budgets, department budgets, cash budgets.
4.4 Purpose of budgetary control; operation of a budgetary control system, organisation and coordination of the budgeting function
4.5 Distinction between budgeting and budgetary control in the private and public sectors
4.6 Cost-Volume-Profit (CVP) Analysis
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Budgeting and budgetary control
2. Introduction to financing decision
2.1 Nature and objectives of the financing decision
2.2 Factors to consider when making financing decisions
2.3 Sources of finances for organisations; internally generated funds and the externally generated funds, long term sources, medium term and short term sources of finance
2.4 Sources of finance for small and medium sized enterprises (SMEs)
2.5 Methods of issuing ordinary shares
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Introduction to financing decision (part 1)
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Introduction to financing decision (part 2)
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Introduction to financing decision (part 3)
5. Time-value of money
5.1 Concept of time value of money
5.2 Time value of money versus time preference of money
5.3 Relevance of the concept of time value of money
5.4 Compounding technique
5.5 Discounting techniques
5.6 The loan amortisation schedule
6. Basic Valuation models
6.1 Concept of value
6.2 Relevance of valuation of securities/firms
6.3 Valuation of debentures, preference shares and ordinary shares
7. Introduction to capital structure decision
7.1 Firms capital structure and factors influencing capital structure decisions
7.2 The meaning and relevance of cost of capital
7.3 Factors influencing firms cost of capital
7.4 Component costs of capital
7.5 The firm’s overall cost of capital - Weighted average cost of capital (WACC) and 7.6 Weighted marginal cost of capital (WMCC)
8. Introduction to Capital Budgeting decision under Certainty
8.1 The nature and importance of capital investment decisions
8.2 Capital investment’s cash flows - initial cash outlay, terminal cash flows and annual net operating cash flows, incremental approach to cash flow estimation
8.3 Capital investment appraisal techniques; Features of an ideal capital budgeting technique, Non-discounted cash flow methods - payback period and accounting rate of return and discounted cash flow methods - net-present value, internal rate of return, profitability index and discounted payback period, Strengths and weaknesses of the investment appraisal techniques
8.5 Incorporating capital rationing in capital budgeting - The meaning and types of capital rationing
8.6 Challenges encountered when making capital investment decisions in reality
9. Working capital management
9.1 Introduction and concepts of working capital
9.2 Working capital versus working capital management
9.3 Factors influencing working capital requirements of a firm
9.4 Importance and objectives of working capital management
9.6 Working capital financing policies
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working capital management (part 1)
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working capital management (part 2)
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working capital management (part 2)
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working capital management (part 2)
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working capital management (part 3)
10. Dividend decision
10.1 Forms of dividend payments
10.2 When to pay dividends - Interim and final dividend
10.3 Factors influencing dividend payments
10.4 The firm’s dividend policy - The residual policy, stable predictable policy, constant payout ratio policy and regular plus extra policy
10.5 Why pay dividends/Dividend theories - Dividend relevance theories; Bird in hand theory, Clientele effect theory, Information signaling theory, Walter’s theory, Tax differential theory, Modigliani and Miller’s dividend irrelevance theory
10.6 Impact of a dividend decision on share price
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dividend policy (part 1)
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dividend policy (part 2)
CLASS RECORDINGS JAN – APR 2024
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Class recording 29.01.24
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Class recording 05.02.24
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Class recording 06.02.24
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class recording 19.02.24
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class recording 26.02.2024
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class recording 04.03.2024
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Class recording 05.03.2024
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CLASS RECORDINGS
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class recording 12.09.2023
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class recording 18.09.2023
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class recording 19.09.2023
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Class recording 25.09.23
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class recording 26.09.2023
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class recording 02.10.2023
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class recording 03.10.2023
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class recording 09.10.2023
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class recording 16.10.23
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class recording 24.10.23
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class recording 06.11.23
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class recording 07.11.23
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class recording 13.11.23
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class recording 14.11.23
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class recording 20.11.2023
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class recording 21.11.2023
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MAY – AUG 2024 CLASSES
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Class recording 14.05.2024
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Class recording 20.05.2024
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Class recording 21.05.2024
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Class recording 27.05.2024
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Class recording 28.05.2024
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Class recording 4th June 2024
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Class recording 6th June 2024
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Class recording 10.06.2024
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Class recording 11.06.2024
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Class recording 18.06.24
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Class recording 01.07.24
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Class recording 02.07.24
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Class recording 09.07.2024
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Class recording 14.07.2024
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Class recording 15.07.2024
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Class recording 16.07.2024
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Class recording 21.07.2024
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class recording 22.07.2023
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Revision 1
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Revision 2
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Class recording 28.07.2024
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Class recording 29.07.2024
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Class recording 31.07.2024
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Class recording 01.08.2024
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Class recording 04.08.2024
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Class recording 05.08.2024
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Class recording 07.08.2024
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Class recording 11.08.2024
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Class recording 12.08.2024
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UPDATED PAST PAPERS CHECK UNDER EXERCISE FILES
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UPDATED PAST PAPERS CHECK UNDER EXERCISE FILES
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