Financial Management

You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!

This course contains a CourseBookTM, which is an innovative fusion of the traditional textbook and online course, combining quality educational content with an interactive, social learning experience to promote success. The course has been broken into three Study Phases:

1. Study Phase 1 Quiz:
   • The role and environment of financial management
   • Time value of money
   • Risk and return
2. Study Phase 2 Quiz:
   • Interest rates and bond valuation
   • Share valuation
   • Capital budgeting
   • Advanced capital budgeting
3. Study Phase 3 Quiz:
   • Cost of capital
   • Leverage and capital structure
   • Dividend policy
   • Working capital and current assets management
   • Management of current liabilities
   • Leases, and hybrid and derivative financial instruments
   • Mergers and takeovers

Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.

After completing this course, you should be able to:

• Analyze financial management roles and wealth maximization, incorporating the interplay between financial institutions and markets to support strategic financial decision-making.
• Apply time value of money concepts using computational tools for future and present value calculations, enhancing the accuracy of financial analysis and decisions.
• Assess risk and return dynamics within portfolio management, leveraging CAPM and diversification principles to optimize investment strategies.
• Calculate bond valuations and interest rates, including yield to maturity, employing strategic approaches for effective bond portfolio management.
• Evaluate equity valuation models, distinguishing between share types and employing dividend growth and free cash flow models for accurate equity analysis.
• Develop capital budgeting decisions utilizing NPV and IRR methods, integrating risk considerations through sensitivity and scenario analysis to inform capital expenditure analysis.
• Determine the cost of capital, including WACC, to guide strategic investment and financing decisions, acknowledging the impact of capital structure on company valuation.
• Formulate dividend policies and manage working capital, addressing liquidity, cash conversion cycles, and optimizing current asset management for financial stability.
• Evaluate current liabilities management strategies, focusing on short-term financing options and leveraging insights into mergers and takeovers for corporate growth.
• Dissect mergers and takeover processes, understanding valuation, negotiation, and strategic considerations, to master complex financial restructuring and value enhancement.