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50 - ACC- Accredited Courses

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BMP 201B - Finance Management

 

Course Description

Finance and effective financial management is crucial for a firm to operate. Without money, a company will not be able to continue doing business. This module addresses the management of the financial affairs of the firm. The overriding theme is the development of strategies aimed at the maximization of the market value of the enterprise through effective financial management. Managerial decision rules designed to serve this objective will be examined. While the module relies on a theoretical framework for the establishment of such rules, based on the discipline imposed by the external capital market, the intent throughout will be to take that theoretical framework to the point of application to specific business decision problems. Thus, there will be heavy emphasis on the use of "case" situations as the vehicles for the class discussions, using regional examples of specific relevance to course participants.
 
Topics to be covered include: the nature of the firm’s cash flow cycle; cash forecasting and budgeting; working capital management; credit decisions; financial distress; long-term investment decision analysis; and the administration of a firm's capital expenditure program. Furthermore, longer-term investing and financing decisions will be discussed, including: capital structure design, measuring a firm's cost of capital, firm valuation, mergers and acquisitions, and private equity transactions.

Course Objectives

• Understanding the time value of money; 
• Valuing stocks and bonds and their impact on the firm 
• Creating financial forecasts for better decision making 
• Defining free cash flow from financial statements to better know the firm’s options and needs; 
• Knowing the factors involved in capital investment decisions 
• Understanding the ‘cost of capital’ concept and the trade-offs firms face 
• Designing the capital structure for effective use of a firm’s finances. 
• Using the basics to understand the mechanics of IPOs, mergers and restructuring transactions