Syllabus D3

a) Discuss situations where it may be appropriate to raise long-term finance.
b) Describe the key factors to be considered when deciding on an appropriate source of long term finance (debt or equity).
c) Calculate relative gearing and earnings per share under different financial structures.
d) Discuss the relative merits and limitations of long term finance.
e) Describe the key factors that should be considered in deciding the mix of short/medium/long term finance in an
organisation.
f) Discuss the nature and importance of internally generated funds.
g) Outline the major sources of government funds e.g. grants, regional and national schemes.