What you will study
The module starts with an introduction to corporate finance and culminates by relating finance to the other activities of an organisation. The topics covered are the relationship between finance and accounting, corporate governance, the time value of money, finance tools, project appraisal and company appraisal.
By the end of the module you should:
- appreciate the financial strategy issues that affect organisations
- understand the relevance of finance and accounting both within the organisation and to stakeholders
- be aware of the financing choices available to organisations, and how financial structure should be determined
- be able to make investment decisions, both for projects and for companies.
Most finance courses in business schools treat accounting and finance as separate topics, failing to exploit the relationships that the two have in practice. For example, managers might be judged on their ability to achieve the financial objective of maximising shareholder value through internal accounting performance measures. This module explains how accounting and finance interact, as well as giving you the key techniques applicable to financial analysis.
Another difference between this module and more conventional courses is that it considers both public and private sector finance issues. The boundary between public sector and private sector is, in any case, increasingly blurred as public sector organisations are forced to compete in the private sector or are privatised, while private sector organisations are made to be accountable to society as a whole, not just to shareholders.
Many managers are apprehensive at the thought of taking a finance course because they expect it to be dull and difficult. This module is neither. It includes case studies and examples that show how relevant finance is to all aspects of management. It also uses multimedia to get the concepts of financial theory across. From video, podcasts, spreadsheets, and related readings you will have substantial support in learning the key concepts of finance. Online discussion forums and a module website are also included. By the end of the module you should have no difficulty with financial jargon and you will be more than able to hold your own in the world of finance.