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The aim of this module is to ensure that candidates develop a critical understanding of the nature and scope of financial management. They should be able to assess organisational funding requirements, calculate the cost of the available sources of finance, advise on the optimum financing structure for an entity, advise management on optimal investment decisions including mergers and acquisitions, manage working capital, apply business valuation techniques, and apply financial risk management techniques.
On completion of this module, candidates will reach a competency sufficient to be able to:
(A) Explain the financial management function and its environment(B) Explain the sources of finance available to businesses, calculate the cost of such funds and determine the optimal capital structure of businesses(C) Apply the concept of time value of money(D) Apply financial investment appraisal techniques to assist in the process of evaluating long-term investments including mergers and acquisitions(E) Explain effective treasury management and apply techniques to manage financial risk(F) Explain and apply efficient and effective working capital management techniques(G) Explain the nature and purpose of business valuation and apply valuation models