07-03-2010, 07:19 PM
Module E and F, I believe are specializing modules. Up to module E, you find majority of things consummating your earlier studies from module A to D thereby consolidating, maturing, polishing and upgrading the knowledge on core areas.
In F, again some papers consolidate and improve the previous knowledge. However, there is a need to break down the specialized subject of BFD in the earlier modules to make out a base for the advanced level study. This can be achieved by improving the syllabus contents of math and statistics paper or by introducing a corporate finance paper in some earlier modules as well.
Personally I feel no requirement to introduce the paper for previous knowledge as E and F are nothing but an advanced stage learning and testing of previous knowledge. Yet, if Institute feels like introducing it, I will not contradict.
As far as risk management is considered, it is again a specialized subject and there is no harm in introducing a new paper or papers on this subject. Yet, risk management process in financial/capital market sectors is largely different from the risk management you expect to do in other sectors. Current paper of BFD covers this subject but not in too depth as you can expect from a CFA. Similar is situation in ICAEW, ACCA, CIMA, ICAA, CICA or whatever. We must not forget that CA is a bit different specialization than CFA.
I think somewhat restructuring is required but not to see or expect the CAs altogether in a different backdrop.
Regards,
