Course Overview
The Short course in Financial Management is an online professional development course designed to provide you with knowledge of financial management as it applies to the environment of business and finance.
If your current job has a financial management element, or you would like to move into a financial management role, then you will find this unique course a valuable addition to your CV, giving you an advantage over other applicants.
On completion of the course, you will have a solid grasp of the theory and practice of financial management including the fundamentals of improving business profit and value, financial analysis of business decisions, return on investment, capital budgeting and general finance.
Topics
- Introduction to financial management
- Function of financial management
- Financial management environment
- Major source of funds
- Short-term finance options
- Long-term finance options
- Working capital management
- Operating cycle
- Control of inventories
- Accounts receivable
- Cash and liquid assets management
- Ratio analysis
- Liquidity ratios
- Activity ratios
- Profitability ratios
- Leverage (gearing)
- Equity valuation and performance
- Limitations of ratio analysis
- Budgeting and working capital management
- Sources of finance
- Budgeting
- Internal Controls
- Working capital management
- Inventory management
- Analysis and interpretation of financial statements
- Capital expenditure analysis
- Capital budgeting
- Capital investment evaluation
- Capital investment evaluation methods
- Payback period: computations and evaluation
- Accounting rate of return (ARR)
- Net present value (NPV)
- Replacement and retirement decisions
- The internal rate of return: independent projects
- Effect of inflation on evaluation
- Capital budgeting and risk
Assessment
Assignment-based
Course Duration
Course duration: Approximately 25 hours. As a guide, short course courses can be completed within 5-10 weeks of part-time study.
Distance Learning access: 2 months’ Distance Learning access, with free extensions available.
