Indicative Content
This subject introduces main concepts and methods associated with financial decision-making for individuals and enterprises: the concept of cash flow valuation, evaluation of financial performance, valuation of securities, risk and returns, capital budgeting, and an overview of international finance.
Topics include:
• Intro to Financial Management
• Financial Statement, Taxes and Cash Flow
• Working with Financial Statement
• Valuation of Future Cash Flows – Time Value of Money
• Valuation of Future Cash Flows
• Interest Rates and Bond Valuation
• Equity Market and Stock Valuation
• Capital Budgeting – Net Present Value & Capital Decisions
• Risk and Return
• Financing Issues – Cost of Capital
• Financing Issues – Leverage and Capital Market Structure
• Financing Issues – Raising Capital
• International Aspects of Financial Management

Learning Strategies
Action Learning. Learning is achieved by engaging students in activities that have elements of problem solving combined with intentional learning.

Authentic Learning. Students will be presented with activities that are framed around "real life" contexts in which students will find learning more meaningful and motivating. Thus they will be more engaged in the process of acquiring knowledge.

Assessment strategy will be diagnostic, formative and summative. Diagnostic assessments are used to determine the progressive capability of students. Types of assessments include discussions on tutorial questions, weekly tutorial assignments and mid semester test. Formative assessment strategies are used to test the current level of understanding and progress at any in a learning programme and provide feedback to teacher and learner and to guide the next phase of learning. The formative assessment for this course will be the group project assignment.

Group Assignment (1500 words), based on a reflective review of accounting techniques. 50%
Learning outcomes 1,2 & 3.

Final Examination (duration 1 Hour). This will be a closed book exam testing the concepts, principles and practical application of the principles of accounting. 50%
Learning outcomes 1,2,3,4 & 5.

BUV VLE

Main Texts:
Ross, Stephan A.; Westerfield, Randolph W.; & Jordan, Bradford D. Essentials of Corporate Finance, 6th Edition (2008), McGraw-Hill / Irwin

Additional Texts:
Arnold, Glenn. Corporate Financial Management, 3rd Edition, Financial Times / Prentice Hall
Keown, A,J. , Martin, J.D., Burrow, Petty, J.W., (2011) Foundations of Finance, 7th Edition, Prentice Hall, Pearson (USA)

1. DESCRIBE THE MAIN AREAS IN FINANCIAL MANAGEMENT, THE GOAL OF FIRMS, AGENCY PROBLEMS AND ROLE OF FINANCIAL MANAGERS
Knowledge & Understanding, Learning.

2. DEMONSTRATE THE ABILITY TO INTERPRET AND DEVELOP THE ABILITY TO WORK WITH FINANCIAL STATEMENTS
Knowledge & Understanding

3. INTERPRET THE RELATIONSHIP BETWEEN RISK AND RETURN WHILE APPLYING KNOWLEDGE FROM DIFFERENT INVESTMENTS SUCH AS BONDS AND EQUITY
Analysis, Problem Solving

4. DESCRIBE A FIRM'S COST OF CAPITAL, AND THE IMPACT OF LEVERAGE AND DIVIDEND ON CAPITAL & IDENTIFY THE COMMON APPROACHES TOWARDS RAISING CAPITAL
Application

5. EXPLAIN THE IMPACT OF CURRENCY CHANGES ON INTERNATIONAL TRANSACTIONS AND THE ASSOCIATED RISKS
Analysis, Reflection