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This module will provide you with the essential understanding of financial management. It aims to equip you with the required knowledge, skills, and competencies needed to make informed financial and managerial decisions. In this respect, it focuses on understanding financial statements analysis, corporate finance structure, and various financial management tools used to make investment and financing decisions to assist organisations’ value creation. Accordingly, in this module you will learn about the main financial statements, to be able to focus on their in-depth financial analysis. Afterwards, you will touch upon the traditional and newer investment appraisal techniques that help managers decide which projects they should take on. The remainder of the module is then directed towards one of the most crucial financial management decisions – capital structure and working capital. This module will help you in your future careers as senior managers in business, where you will be able to apply the skills you have obtained to enhance firms’ values, whilst minimising financial risks.
In a nutshell, the course will cover the following points:
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Accounting I: Introduction to financial statements: Balance sheet, income statement, and statement of movement in equity and cash flow statement
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Accounting II: Notes to the accounts and analysing financial statements
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Financial management I: Investment decision; Traditional methods and discounted cash flow methods of investment appraisal
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Financial management II: Financing decision; Sources of finance and capital structure theories
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Financial management III: Financial and managerial decisions: Cost of capital and working capital management
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In this module, we will explore the following learning outcomes:
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Summarise key principles, trends and tools in accounting and corporate finance.
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Demonstrate effective approaches to the analysis of corporate finance structure and analysis of corporate financial statements.
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Assess the value of practical value of models and theories on making decisions on corporate financing in context.
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Critically evaluate the benefits of various types of financing for different kinds of organisations.
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Utilise internal and external financial information to appraise business performance.
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We recommend that you consult the following textbooks as you are working through the module materials, when you are responding to workshop tasks, and when you are doing research on your final assignments.
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Atrill, P. and McLaney, E.
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2011
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Accounting & Finance for Non-Specialists, 7th edition
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FT Prentice Hall.
(Hereinafter “A&M”)
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Recommended
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Brealey, R., Myers, S., and Allen, F.
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2008
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Principles of Corporate Finance, 9th edition
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McGraw-Hill.
(Hereinafter “BM&A”)
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Recommended
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Berk, J. and DeMarzo, P.
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2007
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Corporate Finance
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Pearson Education, Inc.
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Recommended
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Arnold, G.
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2007
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Essentials of Corporate Financial Management
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Pearson Education
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Additional
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Buckley, A.
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2003
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Multinational Finance, 5th edition
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Pearson Education
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Additional
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Hillier, D., Ross, S., Westerfield, R., and Jaffe, J.
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2005
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Corporate Finance, 7th edition
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McGraw-Hill
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Additional
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