This course offers an introduction to the principles of financial management. Students gain an understanding of the roles and responsibilities of corporate financial managers and the tools and techniques used to deliver information and results to internal and stakeholders to enable effective decision-making. Students will learn which financial statements a company must prepare and key ratios that measure the health of the company’s financial position.
The course covers the important concept of the time value of money and provides students with tools to properly assess capital and project investments.
Students will also gain an understanding of the importance of cash flow and liquidity management, the key considerations companies consider when seeking funding via in the debt and equity markets, and the importance of a capital structure policy.
The course provides students with a strong foundation for subsequent courses in accounting, business, and finance.
Upon successful completion of this course, students will be able to:
- Communicate the role of Finance within successful organizations, the basics of accounting and how the reporting of results support and inform company management and other stakeholders.
- Understand the financial statements companies produce and the ratios that are key in the assessment of a company’s financial position.
- Learn the tools used to successfully manage cash flow and the importance of liquidity to all organizations.
- Employ capital budgeting decision-making techniques that reflect the time value of money concept, including net present value (NPV), internal rate of return (IRR), and discounted cash flow (DCF) methods.
- Perform risk analyses, such as scenario and break-even (BE) analyses, that test the sensitivity to which assumptions used in decision-making calculations impact projected results.
- Analyze how companies determine their capital structures and communicate the benefits and requirements of debt and equity funding providers and financial markets.
Applies Towards the Following Certificates
- Business Administration : Required 3 Courses (12 Units)