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Why study Financial Management

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WHY?Financial Management

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 Fundamental knowledge about finance
 Ask a sales person who has been asked to prepare a budget
 Rewarding field growin...

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Numbers- They are every where!!
 Cricket Score
 Balance in our Savings Account
 Age
 Phone number
Think of Numbers as ...

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Why study Financial Management

  1. 1. WHY?Financial Management
  2. 2.  Fundamental knowledge about finance  Ask a sales person who has been asked to prepare a budget  Rewarding field growing range of financial products  careers in financial analysis are to grow by 23 percent, corporate finance by 14 percent, and financial advising by 32 percent  Personal Finances  Anybody- who will not earn  Job Opportunities  Corporate management  International financial management  Investment Banking  Financial planning services  Brokerage firms  Insurance companies  Commercial Banking  Credit Management
  3. 3. Numbers- They are every where!!  Cricket Score  Balance in our Savings Account  Age  Phone number Think of Numbers as a Score Card ! On a serious note in business all stakeholders are interested in the score card of the business !
  4. 4. The THREE questions in Finance 1. Where do I get money from? 2. Where can I use this money? 3. How can put this money for day-to day use?
  5. 5. Unit One • Finance & its scope Financial Decisions • Sources of Finance • Time Value of Money • Profit maximization vs. Wealth maximization • Functions of Finance Manager in Modern Age • Indian Financial System : Primary and Secondary Market • Concept of Risk and Return • CAPM Model
  6. 6. Unit Two • Concept of Opportunity Cost • Cost of Debenture, Preference and Equity capital, Composite Cost of Capital • Cash Flows v/s Profit and components of Cash Flows • Capital Budgeting Decisions • Calculation of NPV and IRR • Excel Application in Analyzing Projects
  7. 7. Unit Three • Capital Structure, Relevance and Irrelevancy theory • Leverage analysis and its implications • Financial • Operating • Combined leverage • EBIT-EPS Analysis, Point of Indifference
  8. 8. Unit Four • Factors affecting Dividend Policy • Forms of Dividends , Types of Dividend Policies • Dividend Models • Walter and Gordon Model • Miller- Modigliani(MM) Hypothesis
  9. 9. Unit Five • Concepts of Working Capital and its types • Determinants of Working Capital • Adequate Working Capital • Working Capital Financing
  10. 10. What should I be prepared with? Pre-Reading: •Financial Statements • Balance Sheet • Profit/Loss Account •Basic Terms of Accountancy Books you need to refer: •Financial Management by I.M.Pandey (Vikas Publishing House) •Reference Books- • Elements of Financial Management by Dr. R.P. Rustagi (Taxmann Publications) • Financial Management by M.Y.Khan and P.K.Jain (Tata McGraw Hills)
  11. 11. Course Assessment Model
  12. 12. MOST IMPORTANT Know what is/should be your reason for studying this subject

Editor's Notes

  • http://www.onlinefinancedegree.org/5-reasons-why-finance-is-a-good-major/

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