10cp

Management of Resources: Finance

Prerequisites Nil

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

The pervasive nature of financial information and its use in decision-making, make it imperative that all managers who work, or will work, in organisations with limited financial resources, acquire a degree of financial literacy. This unit is concerned with fulfilling those managerial tasks directed to the financing, investing and operating activities of an enterprise in ways consistent with the objective of the enterprise. The course deals with these tasks in the context of the corporate environment, although much of the content is applicable to the not-for-profit sector also. Managers, at various times, have the tasks of obtaining finance for the enterprise by raising new equity capital, retaining profits within the entity, or borrowing on long term markets; using finance raised for investment in working capital assets, evaluating the returns from long-term assets, and evaluating performance of the resources once allocated; planning and controlling the flows of funds and of cash within the organisation; and analysing the financial statements prepared on management's behalf for taking decisions to correct past errors or chart future directions.

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