om
i.c
ng
si
om
m
Advanced Financial Management
o
as
.m
w
w
w
Advanced Financial Management
July 2018
DISTANCE LEARNING CENTRE
7
31
P.O. Box 59857,
6
77
00200, Nairobi,
28
KENYA.
07
Tel: +254 (02) 606155
Fax: +254 (02) 607498
Email
Copyright
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval
system or transmitted in any form or by any means, electronic, mechanical, photocopying,
recording or otherwise without the prior written permission of the copyright owner. This
publication may not be lent, resold, hired or otherwise disposed of by any way of trade without
the prior written consent of the copyright owner.
© THE REGISTERED TRUSTEES STRATHMORE EDUCATION TRUST 2014
se
ot
N
eb
n
as
, om
i.c
ng
ii Acknowledgement
si
om
o m
as
ACKNOWLEDGMENT
.m
w
w
w
We gratefully acknowledge permission to quote from the past examination papers of the
following bodies: Kenya Accountants and Secretaries National Examination Board
(KASNEB); Chartered Institute of Management Accountants (CIMA); Chartered
Association of Certified Accountants (ACCA).
We also wish to express our sincere gratitude and deep appreciation to Mr. Cyrus Iraya
MBA, B.COM (Accounting), CPA (K), currently pursuing his PhD in Finance at the
University of Nairobi. He is a senior lecturer at Strathmore University, School of
Accountancy. He has generously given his time and expertise and skilfully co-ordinated the
detailed effort of reviewing this Advanced Financial Management.
7
31
6
77
28
07
se
ot
N
STRATHMORE UNIVERSITY ● ADVANCED FINANCIAL MANAGEMENT
eb
n
as
, om
i.c
ng
Instructions for Students iii
si
om
om
as
INSTRUCTIONS FOR STUDENTS
.m
w
w
w
This study guide is intended to assist distance-learning students in their independent studies. In addition,
it is only for the personal use of the purchaser, see copyright clause. The course has been broken down
into eight lessons each of which should be considered as approximately one week of study for a full time
student. Solve the reinforcement problems verifying your answer with the suggested solution contained at
the back of the distance learning pack. When the lesson is completed, repeat the same procedure for each
of the following lessons.
At the end of lessons 2, 4, 6 and 8 there is a comprehensive assignment that you should complete and
submit for marking to the distance learning administrator.
SUBMISSION PROCEDURE
1. After you have completed a comprehensive assignment clearly identify each question and number
your pages.
2. If you do not understand a portion of the course content or an assignment question indicate this
in your answer so that your marker can respond to your problem areas. Be as specific as possible.
3. Arrange the order of your pages by question number and fix them securely to the data sheet
provided. Adequate postage must be affixed to the envelope.
4. While waiting for your assignment to be marked and returned to you, continue to work through
the next two lessons and the corresponding reinforcement problems and comprehensive
7
31
assignment.
6
77
On the completion of the last comprehensive assignment a two-week period of revision should be carried
out of the whole course using the material in the revision section of the Advanced Financial Management.
28
At the completion of this period the final Mock Examination paper should be completed under
07
examination conditions. This should be sent to the distance-learning administrator to arrive in Nairobi at
least five weeks before the date of your sitting the KASNEB Examinations. This paper will be marked
and posted back to you within two weeks of receipt by the Distance Learning Administrator.
s
e
ot
N
ADVANCED FINANCIAL MANAGEMENT
n eb
as
, om
i.c
ng
iv
si
om
mo
as
.m
w
w
w
7
31
6
77
28
07
s
e
ot
N
STRATHMORE UNIVERSITY ● ADVANCED FINANCIAL MANAGEMENT
n eb
as
i.c
ng
si
om
m
Advanced Financial Management
o
as
.m
w
w
w
Advanced Financial Management
July 2018
DISTANCE LEARNING CENTRE
7
31
P.O. Box 59857,
6
77
00200, Nairobi,
28
KENYA.
07
Tel: +254 (02) 606155
Fax: +254 (02) 607498
Copyright
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval
system or transmitted in any form or by any means, electronic, mechanical, photocopying,
recording or otherwise without the prior written permission of the copyright owner. This
publication may not be lent, resold, hired or otherwise disposed of by any way of trade without
the prior written consent of the copyright owner.
© THE REGISTERED TRUSTEES STRATHMORE EDUCATION TRUST 2014
se
ot
N
eb
n
as
, om
i.c
ng
ii Acknowledgement
si
om
o m
as
ACKNOWLEDGMENT
.m
w
w
w
We gratefully acknowledge permission to quote from the past examination papers of the
following bodies: Kenya Accountants and Secretaries National Examination Board
(KASNEB); Chartered Institute of Management Accountants (CIMA); Chartered
Association of Certified Accountants (ACCA).
We also wish to express our sincere gratitude and deep appreciation to Mr. Cyrus Iraya
MBA, B.COM (Accounting), CPA (K), currently pursuing his PhD in Finance at the
University of Nairobi. He is a senior lecturer at Strathmore University, School of
Accountancy. He has generously given his time and expertise and skilfully co-ordinated the
detailed effort of reviewing this Advanced Financial Management.
7
31
6
77
28
07
se
ot
N
STRATHMORE UNIVERSITY ● ADVANCED FINANCIAL MANAGEMENT
eb
n
as
, om
i.c
ng
Instructions for Students iii
si
om
om
as
INSTRUCTIONS FOR STUDENTS
.m
w
w
w
This study guide is intended to assist distance-learning students in their independent studies. In addition,
it is only for the personal use of the purchaser, see copyright clause. The course has been broken down
into eight lessons each of which should be considered as approximately one week of study for a full time
student. Solve the reinforcement problems verifying your answer with the suggested solution contained at
the back of the distance learning pack. When the lesson is completed, repeat the same procedure for each
of the following lessons.
At the end of lessons 2, 4, 6 and 8 there is a comprehensive assignment that you should complete and
submit for marking to the distance learning administrator.
SUBMISSION PROCEDURE
1. After you have completed a comprehensive assignment clearly identify each question and number
your pages.
2. If you do not understand a portion of the course content or an assignment question indicate this
in your answer so that your marker can respond to your problem areas. Be as specific as possible.
3. Arrange the order of your pages by question number and fix them securely to the data sheet
provided. Adequate postage must be affixed to the envelope.
4. While waiting for your assignment to be marked and returned to you, continue to work through
the next two lessons and the corresponding reinforcement problems and comprehensive
7
31
assignment.
6
77
On the completion of the last comprehensive assignment a two-week period of revision should be carried
out of the whole course using the material in the revision section of the Advanced Financial Management.
28
At the completion of this period the final Mock Examination paper should be completed under
07
examination conditions. This should be sent to the distance-learning administrator to arrive in Nairobi at
least five weeks before the date of your sitting the KASNEB Examinations. This paper will be marked
and posted back to you within two weeks of receipt by the Distance Learning Administrator.
s
e
ot
N
ADVANCED FINANCIAL MANAGEMENT
n eb
as
, om
i.c
ng
iv
si
om
mo
as
.m
w
w
w
7
31
6
77
28
07
s
e
ot
N
STRATHMORE UNIVERSITY ● ADVANCED FINANCIAL MANAGEMENT
n eb
as
