A Program which considers the theories and practice, the objectives, context and processes of making business decisions about which investments to make and how best to finance them.
The Program sets the scene and discusses the factors which impact on how and why decisions are made. It considers managerial problems and conflicts of interest, the legal framework businesses operate in, and the sources and nature of information provided to financial decision makers by accounting reports.
The Program deals with the nature and importance of investment decisions and explanation of the major investment appraisal methods; practical aspects and the problems of shortages of finance; and how investments fit in with financial strategy, and the risk factors associated with investments.
Course Outline
Module 1 - The Business Finance Environment
Module 2 - A framework for financial decision making
Module 3 - Financial accounting statements and their interpretation
Module 4 - Investment appraisal methods
Module 5 - Investment appraisal methods used in practice
Module 6 - Risk in investment appraisal
Module 7 - Portfolio theory and its relevance to real investment decisions