Financial management refers to the strategic planning, organizing, directing, and controlling of an organization's financial resources to achieve its goals and objectives. It involves making decisions related to financial activities such as budgeting, accounting, financial analysis, investing, and risk management. The goal of financial management is to maximize the value of an organization by managing its financial resources efficiently and effectively. This includes managing cash flows, minimizing financial risks, and identifying opportunities to generate revenue or reduce costs. Financial management is essential for the success of any organization, whether it is a business, nonprofit organization, or government agency, as it provides the necessary information and tools to make informed financial decisions and achieve financial stability and growth.
Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.
Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives
Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses
Who should take this course?
Are you struggling in understanding Financial Management concepts like Time Value of Money, Ratio Analysis, Cash Flow Analysis, Fund Flow Analysis, Cost of Capital & Capital Structuring Decisions, Capital Budgeting & Working Capital Management?
Are you a student pursuing professional courses like CA / CMA / CS / CFA /CPA / ACCA / CIMA / MBA Finance or are you a Finance Professional / Banker aspiring to excel in Finance and rise to top in your career?
Then this course is for you - Financial Management A Complete Study.
You will be exposed to following concepts of Financial Management
a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines, Financial Management Functions, Importance of Financial Management)
b) Time Value of Money
c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making).
d) Financial Analysis through Cash Flow Statement (Cash flow statement indirect method, direct method, how to prepare, etc.)
e) Financial Analysis through Fund Flow Statement
f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital)
g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories).
h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage)
I) Various Sources of Finance
j) Capital Budgeting Decisions (Payback Period, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Profitability Index, Discounted Payback Period, Modified Internal Rate of Return)
k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management)
What are the pre-requisites for taking this course?
You should have basic knowledge of Accounting.