Concept of Financial Management

• The Goals and Functions of Financial Management
• The Three Most Important Questions Answered by Finance
• Understanding the Language of Finance and Accounting

The Key Financial Statements

• The Income Statement
• Changes in Owners’ Equity
• The Balance Sheet
• Cash Flow Statement
• Financial Statements Disclosures

Analysis of Financial Statements

• Judging the Health of the Business
• Income Statement Ratios
• Balance Sheet Ratios
• Interpreting Company Annual Reports
• Different Measures of Profitability
• Reading through the Numbers

Working Capital and the Financing Decision

• Current Assets Management
• Sources of Short-Term Financing
• Balancing Profitability and Liquidity

Cost Concepts and Decision-Making

• Cost-Volume-Profit Analysis
• Breakeven Analysis and Cost Behavior
• Economic Costs versus Accounting Costs
• Marginal Analysis and Relevant Costs
• Cost-Based Pricing

Using Financial Information to Manage the Business

• Making Business Decisions in Finance, Marketing, Production and Investment
• Financial Information as a Tool to Measure and Improve Operations

The Budgeting Process

• Importance of Budgeting
• Guidelines and Techniques
• Approaches to Budgeting
• Budgetary Cost Control

Capital Projects

• The Time Value of Money
• Cost of Capital
• The Capital Budgeting Decision
• Methods in Evaluating Capital Projects
• Net Present Value and Internal Rate of Return
• Sensitivity and Risk Analysis