Financial Management

Definition and scope of financial management

Importance of financial management in personal and business decision-making

Role of financial managers and their responsibilities

Understanding financial statements: balance sheet, income statement, and cash flow statement

Ratio analysis and financial performance evaluation

Assessing liquidity, profitability, and financial stability

Elements of financial planning and the budgeting process

Developing operational and capital budgets

Monitoring and controlling budgets for financial control

Evaluating investment projects: payback period, net present value (NPV), internal rate of return (IRR), etc.

Capital budgeting techniques and decision-making

Risk analysis in investment decisions

Managing current assets and liabilities for optimal working capital

Cash management and cash flow forecasting

Inventory and accounts receivable management

Identifying financial risks and risk management strategies

Role of insurance in risk transfer and protection

Hedging and derivatives for risk management

Key performance indicators (KPIs) for financial performance assessment

Comparative analysis and benchmarking

Using financial ratios for decision-making