About This Course
This course unit is divided into two parts, Business Economics (70%) and Business Finance Fundamentals
The test paper, with the following composition, will be of three hours duration.
Part I (20 marks): Consists of around ten multiple choice/ structured questions that require short answers.
Questions will be distributed proportionately between Business Economics and Business Finance
Part II (80 marks): Consists of two sections, Section A: Business Economics (4 questions) and Section B:
Business Finance Fundamentals (2 questions). Candidates are required to answer four questions in all,
selecting three questions from Section A and one question from Section B.
Every decision made in an organization has a finance element in it. Hence, financial management is of vital
significance in managing organizations. Management accountants invariably have to be familiar with aspects of
finance. In this context, this foundation level course unit provides an introductory but comprehensive
description of the concepts and practice of financial management, which will be treated at length in
subsequent course units in the study programme.