This unit introduces you to the major concepts and analytical tools used in the theory and practice of financial management in a business organisation. It is designed to provide you with an understanding of:
• The scope and nature of the finance function and its role within management; and
• The theory of finance and how it underpins the evaluation of investment, financing and dividend policies.
This unit also develops your practical skills in the identification and analysis of financial problems. Specifically, this unit considers the role and objectives of financial management, financial planning, working capital management, risk and return, capital budgeting, the capital market, sources of finance, the cost of capital, operating and financial leverage, the financial structure decision and dividend policy.
As business and commerce graduate you may follow a career path that may lead to owning your own business or being part of an organisation in a management role. This unit provides the theoretical framework that will allow you to understand the goal of a financial manager and help you make financial management decisions. In this unit you will learn concepts and techniques that are essential in the process of running a business, and which are applicable to the wealth creation and management of entities that range from major corporations to small businesses and individuals.