Finance for Business and Strategic DecisionModule Details

Course/Module Description:

This module is designed to enable students to gain knowledge and understanding of managerial finance and accounting practices, processes and concepts that can be applied in a general management context towards effective strategic decisions. The central consideration of this module is that managers need to be aware of, and be able to critically evaluate, the informational outputs of accounting systems and financial management techniques, and how their application underpins managerial, financing and investment decisions, and contemporary issues of relevance to these techniques.

Course/Module Objectives:

The main objectives of the course are:

1. To provide an overview of the key finance principles and help students understand how financial markets operate and how security prices are determined
2. To help students to understand the use of cost accounting techniques
3. To show how managerial finance can affect the value of the firm and explore the use of performance measurement systems in organizations
4. To understand the importance and role of finance in valuation techniques and risk analysis towards investment opportunities and evaluation of those through investment techniques
5. To enable students to evaluate and use scorecard type systems, including the Balanced Scorecard as well as to monitoring and reporting financial performance to the management of an organization