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Financial management

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Sarfraz Khalil
Sarfraz Khalil

This 3-credit, 16-week course provides students with an introduction to key concepts in financial management. The course objectives are to help students understand topics like capital budgeting, cash flow estimation, working capital, and financial planning. Students will learn about valuing financial instruments, the relationship between risk and return, and the capital budgeting process. The grade is based on quizzes, assignments, a midterm exam, and a final exam. Students are expected to attend all classes and participate in discussions.

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Financial Management FIN-4673 Program Master of Commerce Credit Hours 3 Duration 16 Weeks / 32 sessions Prerequisites Business Finance Resource Person
Course Introduction: Financial management plays a significant role in business management; however the design and implementation of a business strategy will eventually be handled with financial concerns and financial performance measurement. The course provides a foundation to help understand various topics in finance. Specific attention is given to capital budgeting; cash flow estimation, working capital, financial planning and forecasting. Course Objectives: This course will provide the student with basic concept of corporate finance, investment and financing concepts, which are important to most managerial decisions. Students will learn the content and scope of financial management and the vital role-played by a finance manager. Learning Outcomes: By the end of this course, you should be able to understand: That a working knowledge of finance is important even if you are not planning a career in finance The concept of fixed income securities and stocks How to value financial instruments How risk and return are related in finance Capital Budgeting process and techniques Inputs to cost of capital and its importance to organization Violation of Academic Honesty Policy: If any two projects / assignments are identical or partially identical, a zero will be awarded. The repetition of such kind may lead to an F grade in the course. How to Keep Your Professor Happy: Class attendance is mandatory. You may miss up to 6 class sessions. On the seventh absence, you will be withdrawn from the course. As a courtesy to the instructor and other students, be prepared to arrive at class and be in your seat on time. In addition, please note that each class lasts for 90 minutes. Also keep in mind some general rules as given below: Cell phones should be powered off. Eatables are not allowed in the class. The teacher will not tolerate any disruptive behavior in the class. The Dress Code has to be observed, no warnings will be given, and violators will be asked politely to leave the class and consequently will be marked absent.
Participation: Students are required to attend all classes and read all the assigned material in advance of class (although not necessarily with perfect comprehension). Advanced preparation and class participation are crucial for periods in which we discuss cases. During discussion sessions, the instructor generally keeps track of the insightful and useful comments students make. (Any unproductive contribution is not rewarded) Grade Distribution Quizzes..10 percent Assignments..20 percent Mid Term Exam30 percent Final Exam40 percent Total Points 100 percent TEXT BOOK A course pack will be available at your campus book store. Calendar of Activities Weeks 1-2 3-4 5-6-7 8 Contents Stocks and their valuation Common Stock Valuation Preferred Stocks Valuation Stocks return Constant dividends Equity adjustment in financial statements Zero, positive, negative growth in dividends Cost of Capital The Concept of Cost of Capital Components of Capital Component Cost of Equity Component Cost of Debt and Preferred Stock WACC The Implications of WACC Capital Budgeting Net Present Value and Investment Criteria Capital Budgeting Techniques NPV, IRR, PI, PBP, MIRR The Investment Decision Criteria Scale and timings of cash flow Cash Flow Estimation Projected Cash Flows Investment Cash Flows Pro Forma financial Statements Estimating NPV Estimates Activities Assignment 1 Quiz 1
MID TERM 10-11 12-13-14 15-16 Cash Flow Estimation Timing of Cash Flows Incremental Cash Flows Replacement Projects Sunk Costs Working Capital Management Current Asset Investment Policies Current Asset Financing Policies Maturity Matching, or Self-Liquidating, Approach Aggressive, Conservative, moderate Approaches The Cash Conversion Cycle, Calculating the Targeted CCC The Cash Budget Cash, Marketable Securities, Inventories, A/R Credit Policy and its Implementation Monitoring Accounts Receivable Accounts Payable (Trade Credit), Line of Credit Bank Loans, its Types, and Costs of Bank Loans Commercial Paper, Accruals (Accrued Liabilities) Financial Planning & Forecasting Strategic Planning The Sales Forecast The AFN Equation Excess Capacity Adjustments Final Exams Assignment 2 Quiz 2

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Financial management

  • 1. Financial Management FIN-4673 Program Master of Commerce Credit Hours 3 Duration 16 Weeks / 32 sessions Prerequisites Business Finance Resource Person
  • 2. Course Introduction: Financial management plays a significant role in business management; however the design and implementation of a business strategy will eventually be handled with financial concerns and financial performance measurement. The course provides a foundation to help understand various topics in finance. Specific attention is given to capital budgeting; cash flow estimation, working capital, financial planning and forecasting. Course Objectives: This course will provide the student with basic concept of corporate finance, investment and financing concepts, which are important to most managerial decisions. Students will learn the content and scope of financial management and the vital role-played by a finance manager. Learning Outcomes: By the end of this course, you should be able to understand: That a working knowledge of finance is important even if you are not planning a career in finance The concept of fixed income securities and stocks How to value financial instruments How risk and return are related in finance Capital Budgeting process and techniques Inputs to cost of capital and its importance to organization Violation of Academic Honesty Policy: If any two projects / assignments are identical or partially identical, a zero will be awarded. The repetition of such kind may lead to an F grade in the course. How to Keep Your Professor Happy: Class attendance is mandatory. You may miss up to 6 class sessions. On the seventh absence, you will be withdrawn from the course. As a courtesy to the instructor and other students, be prepared to arrive at class and be in your seat on time. In addition, please note that each class lasts for 90 minutes. Also keep in mind some general rules as given below: Cell phones should be powered off. Eatables are not allowed in the class. The teacher will not tolerate any disruptive behavior in the class. The Dress Code has to be observed, no warnings will be given, and violators will be asked politely to leave the class and consequently will be marked absent.
  • 3. Participation: Students are required to attend all classes and read all the assigned material in advance of class (although not necessarily with perfect comprehension). Advanced preparation and class participation are crucial for periods in which we discuss cases. During discussion sessions, the instructor generally keeps track of the insightful and useful comments students make. (Any unproductive contribution is not rewarded) Grade Distribution Quizzes..10 percent Assignments..20 percent Mid Term Exam30 percent Final Exam40 percent Total Points 100 percent TEXT BOOK A course pack will be available at your campus book store. Calendar of Activities Weeks 1-2 3-4 5-6-7 8 Contents Stocks and their valuation Common Stock Valuation Preferred Stocks Valuation Stocks return Constant dividends Equity adjustment in financial statements Zero, positive, negative growth in dividends Cost of Capital The Concept of Cost of Capital Components of Capital Component Cost of Equity Component Cost of Debt and Preferred Stock WACC The Implications of WACC Capital Budgeting Net Present Value and Investment Criteria Capital Budgeting Techniques NPV, IRR, PI, PBP, MIRR The Investment Decision Criteria Scale and timings of cash flow Cash Flow Estimation Projected Cash Flows Investment Cash Flows Pro Forma financial Statements Estimating NPV Estimates Activities Assignment 1 Quiz 1
  • 4. MID TERM 10-11 12-13-14 15-16 Cash Flow Estimation Timing of Cash Flows Incremental Cash Flows Replacement Projects Sunk Costs Working Capital Management Current Asset Investment Policies Current Asset Financing Policies Maturity Matching, or Self-Liquidating, Approach Aggressive, Conservative, moderate Approaches The Cash Conversion Cycle, Calculating the Targeted CCC The Cash Budget Cash, Marketable Securities, Inventories, A/R Credit Policy and its Implementation Monitoring Accounts Receivable Accounts Payable (Trade Credit), Line of Credit Bank Loans, its Types, and Costs of Bank Loans Commercial Paper, Accruals (Accrued Liabilities) Financial Planning & Forecasting Strategic Planning The Sales Forecast The AFN Equation Excess Capacity Adjustments Final Exams Assignment 2 Quiz 2