COM MGMT *723 / Financial Management

3 unit(s)

An introduction for the non-finance manager to the issues faced by the finance managers of large businesses. No prior knowledge of business finance is expected from the students. However, understanding of the basic accounting principles (balance sheet and income statements) is a prerequisite. The course begins by examining a corporation’s responsibility to its various stakeholders - stockholders, employees, customers, and society. This leads to a well-defined objective of financial management. Various decisions and responsibilities of the financial manager consistent with the objective above are studied. These may be divided into two components: capital acquisition and its deployment. Key aspects of the financial environment and some methods of determining the financial health of a corporation are also studied.