Financial Management

Scope and Objectives of Financial Management
Meaning, Importance and Objectives
Conflicts in profits versus value maximization principle
Role of Chief Financial Officer
Time Value of Money- Compounding and Discounting Techniques-Concepts of annuity and perpetuity

Financial Analysis and Planning
Ratio Analysis for performance evaluation and financial health
Application of ratio analysis in decision making
Analysis of cash flow statement

Financial Decisions
Cost of Capital- Weighted average cost of capital and marginal cost of capital
Capital Structure Decisions- Capital Structure Patterns, Designing Optimum Capital Structure, Constraints, Various Capital Structure Theories
Business Risk and Financial Risk- Operating and Financial Leverage, Trading on Equity
Types of Financing
Different sources of finance
Project Financing- Intermediate and long term financing
Negotiating term loans with banks and financial institutions and appraisal thereof
Introduction to lease financing
Venture Capital Finance

Investment Decisions
Purpose, Objectives, Process
Understanding different types of projects
Techniques of decisions making: non-discounted and discounted cash flow approach-payback period method, accounting rate of return, net present value, internal rate of return, modified internal rate of return, discounted payback period and profitability index
Ranking of competing projects ranking of projects with unequal lives

Management of Working Capital
Working Capital Policies
Funds Flow Analysis
Inventory Management
Receivables Management
Payables Management
Management of Cash and Marketable Securities
Financing of Working Capital