Financial Management
Description
This module covers many broad areas of Finance and Financial Management with a particular focus on how to deal with business challenges such as identifying appropriate sources of finance, evaluating investments, interpreting financial statements and managing working capital. Having an appropriate knowledge of Financial Management is valuable across all sectors of business, regardless of whether students choose to work in Finance, Marketing, Human Resources, IT or other disciplines. By having a strong knowledge of financial management, students will be able to contribute and add value both within a business context and also on a personal level.
Learning Outcomes
Discuss the role and purpose of financial management.
Analyse and interpret financial statements for the purposes of investment and financial management decisions.
Assess the working capital requirements of various business entities considering each of the components of working capital such as Trade Receivables, Trade Payables, Inventory & Cash.
Evaluate capital investment projects by collating and presenting relevant information and by using appropriate methods such as Pay-back Period, Accounting Rate of Return, Net Present Value & Internal Rate of Return.
Recommend appropriate sources of finance for particular situations.
Discuss contemporary issues in financial management such as ESG reporting (Environmental, Social & Governance), and consider the ethical role of finance professionals.