Financial Management

1. Apply financial management principles to make informed investment and financing decisions.
2. Analyze financial statements to assess an organization's financial performance and position.
3. Evaluate capital budgeting projects using various techniques.
4. Manage working capital efficiently to optimize liquidity and profitability.
5. Understand and manage financial risks in different organizational settings.
6. Evaluate the impact of dividend policy on shareholder value.
7. Apply different methods to value shares of companies.
8. Understand the Nigerian banking system and its role in the economy.

13 weeks, about 103 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: Nature, Scope and Purpose of Financial Management · 6 hours

     Define financial management and its objectives.. Discuss the functions of financial managers, including investment, financing, and dividend decisions.. Analyze the types of questions financial management seeks to answer..

2. Week 2Module 1: Introduction

   • Unit 2: Sources of Finance · 7 hours

     Identify and differentiate between short-term, medium-term, and long-term sources of finance.. Explain concepts like rights issue, preference shares, and commercial papers.. Calculate the cost of cash discount and overdraft facilities..

3. Week 3Module 1: Introduction

   • Unit 3: Cost of Short, Medium and Long Term Finance · 8 hours

     Understand the meaning and usefulness of cost of capital.. Examine the opportunity cost of capital.. Calculate the cost of debt, preference shares, and equity using various methods..

4. Week 4Module 2: Capital Budgeting and Working Capital

   • Unit 1: Capital Budgeting Under Certainty 1 · 7 hours

     Define capital budgeting and its importance.. Discuss the procedures involved in capital budgeting decisions.. Evaluate capital budgeting projects using the payback period method and accounting rate of return..

5. Week 5Module 2: Capital Budgeting and Working Capital

   • Unit 2: Capital Budgeting Under Uncertainty 2 · 8 hours

     Explain the modern/discounted cash flow methods of investment appraisal.. Identify the problems associated with Net Present Value (NPV), Internal Rate of Return (IRR), and Profitability Index (PI).. Calculate NPV and IRR for investment projects..

6. Week 6Module 2: Capital Budgeting and Working Capital

   • Unit 3: Working capital management · 6 hours

     Explain working capital management and its concepts.. Understand the factors affecting working capital.. Describe the operating cycle and its components..

   • Unit 4: Cash Management · 6 hours

     Define cash management and its objectives.. Explain cash planning, budgeting, and financing.. Apply cash management techniques such as accelerated cash collections and optimal cash level determination..

7. Week 7Module 2: Capital Budgeting and Working Capital

   • Unit 5: Inventory Management · 7 hours

     Define inventory/stock management and its concepts.. Calculate Economic Order Quantity (EOQ) and understand its implications.. Determine minimum and maximum stock levels..

8. Week 8Module 2: Capital Budgeting and Working Capital

   • Unit 6: Account Receivables and Payables · 8 hours

     Explain accounts receivable and payable management.. State the factors influencing credit control policy.. Mention the factors to be considered in granting credits to customers..

9. Week 9Module 3: Financial Analysis and Business Combinations

   • Unit 1: Analysis and Interpretation of Basic Financial Statement · 7 hours

     Define financial statement and its components.. Analyze and interpret basic financial statements, including income statement and balance sheet.. Calculate and interpret financial ratios..

10. Week 10Module 3: Financial Analysis and Business Combinations

    • Unit 2: Business Mergers and Take-Overs · 6 hours

      Explain merger and take-over (acquisition).. State the reasons for mergers and take-overs.. State the legal and regulatory considerations for mergers and acquisition..

11. Week 11Module 4: Advanced Topics

    • Unit 1: Dividend Policy · 7 hours

      Define dividend policy and its impact on share price.. Explain the theory of dividend irrelevance.. Discuss the influence of shareholder expectations and liquidity constraints on dividend decisions..

12. Week 12Module 4: Advanced Topics

    • Unit 2: Valuation of Shares · 8 hours

      Explain valuation of shares and its purpose.. State the key factors affecting value: growth, return, risk, and interest rates.. Discuss the various methods of valuing shares..

13. Week 13Module 4: Advanced Topics

    • Unit 3: Asset Management · 6 hours

      Define asset management and its objectives.. State what constitutes asset management and what does not.. Discuss the functions of an asset manager..

    • Unit 4: Enterprise Management · 6 hours

      Define business in contemporary society.. State the cycle of business.. State the various forms of business organization..