Cambridge DIPLOMA ON FINANCIAL MANAGEMENT

A Program which provides a comprehensive introduction to the core elements of financial management and its role in business success. This Program covers the principles and importance of efficient financial management, and how financial information can be used to improve the quality of management decision-making. It deals with planning, investment decisions, project analysis, managing risk, types and sources of finance and financial markets. It covers the vitally important topic of the management of working capital, of ensuring liquidity and business survival. Key terms are highlighted for rapid understanding of the main techniques and concepts. 

• The nature and importance of capital investment decisions, and the resources involved.
• Investment appraisal methods: accounting rate of return (ARR), return on capital employed (ROCE), payback period; net present value (NPV).
• Risk in investment appraisal, calculating and using probabilities.
• The impact of interest and inflation, risk premiums; considering the effect on and meaning of wealth.
• Investment in practice and reality, the concept of logical investors.
• The cost of capital; review and control for capital expenditure projects.
• The process of decision making relating to capital management, auditing.
• Short-term finance, gearing, factoring, discounting.
• Sources of short-term finance: internal, external, profits, credit control.
• Long-term finance, the stock exchange, primary and secondary markets, stock listing.
• Shares, share issues, debentures.
• Small business finance, venture capital, funding, business angels, Government roles and support.
• Managing working capital, its definition and elements, the scale of capital.
• Managing stocks, stock ordering systems, MRQ, JIT and inventory control models. 
• Budgeting for demand, financial ratios, debtor and credit control.
• The working capital cycle; discounts, collection policies, settlement period.
• Cash management and budgets, the cash cycle. 
• Policies for working capital control; balance, banking, overdrafts.