To consolidate and develop students` knowledge of financial decision-making and to promote an understanding of how capital markets operate, how companies are valued and how markets shape the financial manager`s operating context.
Outline Syllabus
Overview of financial management: investment and financing decisions, shareholder value analysis, strategic investment
Valuation of companies: quoted companies and the EMH
Unquoted companies: using P/E ratios and Net Asset Values and Discounted Cash Flow Approaches
Financial strategy: short-term and long-term finance, sustainability
Dividend Policy. Do dividends matter? The information content of dividends
Using debt finance; short and long-term debt instruments
Measurement of gearing: impact on shareholder value and the required rate of return