This course introduces first-year undergraduate students of Banking and Finance to the fundamentals of finance within business organizations. It explores the nature, scope, functions, and risks associated with finance. Students will learn to analyze financial statements, plan for profit, and manage working capital. The course also covers basic business organization forms, sources of finance, and the role of financial managers in decision-making, providing a foundational understanding of finance principles and practices.
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Everything you need to know about this course
Key areas covered in this course
No specific requirements needed
This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.
How your progress will be evaluated (3 methods)
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Explore the career paths this course opens up for you
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Real-world sectors where you can apply your knowledge
Expert tips to help you succeed in this course
Review all Tutor-Marked Assignments (TMAs) and Self-Assessment Exercises to reinforce key concepts.
Create concept maps linking the functions of finance (investment, financing, dividend, liquidity) from Module 1, Unit 3.
Practice financial ratio analysis from Module 2, Unit 3 using sample financial statements.
Focus on understanding the differences between profit maximization and wealth maximization from Module 2, Unit 1.
Review the different sources of business finance (short-term and long-term) from Module 3, Unit 2 and their implications.
Allocate study time proportionally based on the weight of each module in the final examination.