Finance involves obtaining, using, and managing funds to achieve the company's financial objectives (e.g., maximization of shareholder value). The course emphasizes and develops an understanding of financial concepts, tools, strategies, and major decision areas related to the financial management of the business. This course is directed toward the businessperson who must have financial knowledge but has not recently had training in finance.
Topics include a broad overview of business types and formation, funding, capital markets, tax planning, budgeting, financial statement and analysis and many other aspects of running a business. Many subjects are discussed with the intention of providing the businessperson with a quick introduction to commonly used business terms and requirements.
Learning Objectives
After studying this course, you will be able to:
Chapter 1
Identify the influence and concerns of financial managers;
Identify depreciation methods and tax deductions;
Differentiate between several financial analysis ratios;and
Calculate return on investment.
Chapter 2
Identify the different types of budgets an organization might need, and the steps required in projecting external financial need; and
Recognize the different ways to improve cash management.
Chapter 3
Recognize different methods for measuring risk;
Identify the relationship between bond price and interest rates;
Recognize the concept of time value of money;
Recognize various evaluation methods for capital budgeting; and
Recognize steps in the lease versus purchase decision.
Chapter 4
Identify the relative costs associated with using different types of capital;and
Distinguish between the different objectives for dividend policies.
Chapter 5
Recognize different financing strategies; and
Recognize characteristics of intermediate-term bank loans.
Chapter 6
Identify the characteristics of different types of long term debt, and the associated risks; and
Identify different purchase and sales processes for securities.
Chapter 7
Differentiate between different types of mergers and acquisitions;
Recognize the uses and benefits of business combinations;
Recognize the characteristics of a tender offer; and
Recognize different techniques for assigning risk to companies.
Major Topics
Budgeting and Financial Forecasting
Risk, Return and Valuation
Determining Cost of Capital and Capital Structure Decisions
Short Term Financing
Long Term Debt and Stocks
Business Combinations and Reoranizations
