2. SUBJECT DESCRIPTION
This course deals with the FUNDAMENTAL PRINCIPLES, TOOLS, and
TECHNIQUES of the financial operation involved in the management of
business enterprises. It covers the basic framework and tools for financial
analysis and financial planning and control, and introduces basic concepts
and principles needed in making investment and financing decisions.
Introduction to investments and personal finance are also covered in the
course. Using the dual-learning approach of theory and application, each
chapter and module engages the learners to explore all stages of the
learning process from knowledge, analysis, evaluation, and application to
preparation and development of financial plans and programs suited for a
small business
3.
4. The benefits of a dual education system
Why is a dual training program a good fit for students? There are some great benefits:
• Students develop skills that come in handy later: appropriate communication on the
work floor, asking for feedback, working with deadlines …
• Students learn at school and at work, and thus gain work experience.
• After their studies, they will find a job much easier because of their experiences.
• With dual learning and the modernization of secondary education, schools want to
ensure that every young person obtains a good qualification. Dual learning could be
the solution to decrease dropout rates as well.
• The dual education system builts a bridge between education and business.
Companies will also reap the benefits and get to know the talents of (potential) future
employees.
• Students learn to work with modern machines and technology, in which the school
cannot invest.
7. AFTER STUDYING THIS LECTURE, YOU WILL BE ABLE TO
define Finance and Financial Management;
Lesson 1
Lesson 2
explain the major role of financial management and the different
individuals involved;
Lesson 3 identify the primary activities of financial manager; and
Lesson 4
describe how the financial manager helps in achieving the goal of
the organization.
WEEK 1 - 2
LESSON 1
8. WEEK 1 - 2
LESSON 1
FINANCIAL
MANAGEM
ENT
MONEY
BUDGETING
BANKS
INVESTMENT
CREDIT
WEALTH
What do you know about our topic?
9. WEEK 1 - 2
LESSON 1
Gitman and Zutter (2012)
“ Finance can be defined as the SCIENCE and ART of MANAGING MONEY. “
Personal Finance
How they will spend
How much they save
How they invest their
savings
Business Finance
how firms raise money from investors
how firms invest
money in an attempt to earn a profit
how they decide whether to reinvest profits
in the business or distribute them back to investors
10. WEEK 1 - 2
LESSON 1
What is Finance?
What assets to buy?
How to pay for the assets you buy?
How much cash to keep on hand?
16. - An area of specialization within each of the areas
discussed so far may allow you to work in other
countries or at least travel on a regular basis.
- Need to be familiar with exchange rates and political
risk
- Need to understand the customs of other countries;
speaking a foreign language fluently is also helpful
17.
18. Marketing
- Budgets, marketing research, marketing financial products
Accounting
Dual accounting and finance function, preparation of financial
statements
Management
Strategic thinking, job performance, profitability
Personal finance
Budgeting, retirement planning, college planning, day-to-day cash
flow issues
19. DEFINITION
Financial management means planning, organizing, directing and
controlling the financial activities such as PROCUREMENT, and
UTILIZATION of FUNDS of the enterprise.
It simply means, applying general management principles to financial
resources of the enterprise.
20. Endeavors to reduce the cost of finance
Ensures sufficient availability of funds
Deals with the planning, organizing, and controlling of
financial activities like the procurement and utilization of
funds
financial management –