Cash equivalents include purely short term and highly liquid investments which are readily convertible into cash and which are subject to an insignificant risk of changes in value.

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Financial Management syllabus: (Weightage: 50%)
1. Introduction to Financial Management
2. Tools for Financial Analysis and Planning
3. Working Capital Management
4. Cost of Capital, Capital Structure Theories, Dividend Decisions and Leverage Analysis
5. Capital Budgeting - Investment Decisions 

Related Test: CMA Intermediate Exam: Cost and Management Accounting


Cash equivalents include purely short term and highly liquid investments which are readily convertible into cash and which are subject to an insignificant risk of changes in value.