ACC415 Past Questions 2015

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    campusflava
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    ACC 415  FINANCIAL MANAGEMENT I   3 UNIT

    TIME ALLOWED:      2HOURS

    INSTRUCTION:         ANSWER THREE QUESTIONS

     

    QUESTION ONE IS COMPULSORY

     

    QUESTION 1

     

    • Define and explain strategic financial management.
    • State the two broad categories of strategic financial decisions that are normally made by the financial managers of an organisation.

    (30 Marks)

     

    QUESTION 2

     

    • Discuss and state the qualitative factors affecting capital investment decisions.
    • Identify, and discuss, the main sources of long-term finance.

     

    (20 Marks)

     

    QUESTION 3

    • Discuss how preference shareholders value their shares.
    • Explain the process of determining the value of a convertible loan stock.

    (20 Marks)

     

    QUESTION 4

     

    • Describe the main types of finance lease.
    • State the steps involved in evaluating a lease or buy decision.

    (20 Marks)

     

    QUESTION 5

     

    • According to M & M theory what is “homemade” dividends?
    • State the main legal restriction on payment of dividends.

    (20 Marks)

     

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