Why has Paper 3.7 Strategic Financial Management become an Options paper under the new syllabus?
An understanding of the fundamental techniques of project appraisal, raising finance and working capital management are regarded as vital by ACCA members. To reflect their importance, Paper F9, Financial Management – has been created in Fundamentals. The more strategic areas of Corporate Governance and Risk Management are addressed in the new Professional level Paper P1, Professional Accountant. Specialist areas of finance such as treasury management are regarded as more suitable to individuals working, or aiming to work within a corporate finance environment. Therefore, Paper 3.7 Strategic Financial Management has been removed as a compulsory paper at the final level and replaced in the new syllabus by optional Paper P4, Advanced Financial Management.
