Finance Basics for Non-Financial Managers

I Introduction: Financial Management, Goals of Financial Management, Types of Financial Decisions, Risk and Return, Importance of Valuation, Financial Planning, Global Dimensions; Financial Statements, Income Statement, Balance Sheet, Statement of Cash Flows, Special Topics, Cash flow versus accounting profit, Taxes, Depreciation Accounting, Financial Tools and Analysis; Financial Statement Analysis, Objectives of Financial Statement Analysis, Ratio Analysis, Liquidity, Asset Management, Debt Management, Profitability, Market Value, Common Size Statements; Time Value of Money, Time Lines, Time Adjustment Process, Future and Present Value, Future and Present Value of an Annuity, Practical Applications, Working Capital Decisions; Working Capital Policy and Management, Goals of Working Capital Management, The Cash Cycle - How to Reduce, Accelerating Collections, Slowing Disbursements, Policy Issues, Credit Policy, Inventory Control Policy, Accounts Payable Payment Policy, Managing Current Assets, Cash and market securities, Accounts Receivable, Inventory, Global Considerations. IV Long-Term Investment Decisions: Cost of Capital, Estimating the Required Rate of Return, Individual Component Costs, Debt, Preferred Stock, Retained Earnings, Common equity, Weighted Average Cost of Capital, Factors Affecting the Cost of Capital, Global Considerations; Capital Budgeting, Capital Budgeting Process, Estimating Cash Flows, Capital Budgeting Techniques, Net Present Value, Internal Rate of Return, Payback, Risk Analysis, Capital Budgeting in Practice, Global ConsiderationsV, Long-Term Financing Decisions; Raising Funds, Debt and Equity Markets, Debt Financing, Equity Financing, Dividend Policy, Global Considerations9; Determining the Financing Mix, Business and Financial Risk, Finding the Proper Mix of Debt and Equity, Some Considerations in the Capital Structure Decision. VI Valuation: Managing for Value, Economic Value Added, Modern Valuation Techniques.