Financial Management

Course Description

The aim of this unit is to provide learners with knowledge of key financial theories and working capital management, and the skills to review techniques for managing an organisation’s global financial risk.

Course Objectives

The aim of this unit is to provide learners with knowledge of key financial theories and working capital management, and the skills to review techniques for managing an organisation’s global financial risk.

Key Topics

1. LO1: Understand the functions of financial management.
2. LO2: Understand working capital management.
3. LO3: Understand how capital is structured in a business.

Course Outline

Learning Outcomes

1. LO1 Understand the functions of financial management.
2. 1.1 Explain the scope and control of financial management and control in business.
3. 1.2 Explain the objectives of financial management in business.
4. 1.3 Explain the operational functions of financial management in a business.
5. LO2 Understand working capital management.
6. 2.1 Explain the nature, elements and importance of working capital in a business.
7. 2.2 Evaluate how a business assesses its working capital requirements and funding strategies.
8. 2.3 Analyse ways in which a business can manage its working capital requirements.
9. LO3 Understand how capital is structured in a business.
10. 3.1 Explain the factors that determine the capital structure of a business.
11. 3.2 Explain the factors which lead to the undercapitalisation and overcapitalisation of a business.
12. 3.3 Explain the impact of undercapitalisation and overcapitalisation on financial management strategy.