hey, for the global market influences i didnt talk about availability of funds, i instead i talked about the influence of exchange rate instead, do you think its still corrrect
Yes, exchange rates can also be talked about.
The syllabus dot points you needed to cover were:
1. Global Economic Outlook
2. Availability of Funds
3. Interest Rates
The floating of exchange rates is also a product of change within the global environment, and it has the ability to effect financial management in terms of managing business costs and revenue. Whilst it is technically part of strategies, you would then go on to explain how financial management has responded to this - Natural Hedging (Establishing offshore subsidiaries & Denominating trade in a single currency) and/or Financial Derivatives Hedging (Futures, Options, Swaps) If you wanted to push yourself to the upper band 6 range, you could have started talking about the sustained depreciation of the AUD and/or the currency crisis experienced in emerging economies, and this has effected financial management for businesses. If you had extra time you could have also talked about how this is an increasingly dominant influence because of globalisation and the emergence of global supply chains and trade.
1. Global economic outlook was fairly straightforward, and people who do economics should do fairly well on this (Consumer/Business confdience --> Increased levels of global consumption --> Increased demand for g/s --> Increased growth for business --> Finance managers must effectively manage cash-flow to ensure there isn't supply-chain issues. This is somewhere you can back up with stats, Eg. NAB Consumer Confidence Index, Global Economic Growth etc
2. Availability of funds was pretty straightforward as well, and you can just talk about the deregulation of financial systems as well as the payments revolution.
3. Interest rates was the meat of my essay and something that could easily push you to the upper band 6 range - Not only could you talk about the low interest rate environment, but also how the role of financial management has shifted Eg. Increasing focus on corporate buybacks following rising boardroom pressure, tightened corporate governance, and the recent rise in protectionist policies from Trump's Tariffs (Increased protection --> Reduced competition --> Businesses become complacent and instead of re-investing funds back into R&D/Employee Training, it decides to prop up its stock price). If you wanted to be extra spicy you can also extend it back to how it effects the global economic outlook [Increase in corporate buybacks --> Fuels the rise in stock prices (as seen in the 10year bull market with major indexes at all time highs) --> marginally positive effect on consumer confidence and consumption --> improved global economic outlook].