MB810 – Financial Management of Business & Organizations

The objectives for this course are (1) to provide a comprehensive overview of accounting principles and standards to allow students develop and improve their financial intelligence so as to understand, interpret, and use accounting information to make (better) decisions and evaluate business performance as part of their job routine, and (2) introduce the fundamental concepts of the theory and practice of finance paying particular attention to helping managers make value-creating corporate finance decisions and balance risk and return issues in an optimal way. The course provides students with an analytical framework incorporating various financial planning techniques and tools, both short-term and long-term, which are needed to analyze a public or private organization, and design and implement a sound financial management strategy. The course covers the following key topics: financial statements analysis, forecasting and budgeting, financial decision-making frameworks, investment appraisal and capital budgeting. In this course students will learn to analyze financial strengths and weaknesses of a business/organization and design financial management strategies that align with overall strategic business objectives. Students will also learn to evaluate the feasibility and profitability of new business ventures, including conducting break-even analysis and employing scenario planning. The course also emphasizes the importance of effective communication and collaboration between financial managers and non-financial managers within a business/organization to ensure sound decision-making and successful business planning.