Learning Outcomes:
On successful completion of this module you will:
• Be able to use financial statements to assess a company's financial health.
• Appreciate the key distinction between corporate profitability and cashflow and the consequent implications for long- term value creation
• Understand how to identify value creating investments.
• Develop estimates of expected future cash flows and discount them to measure present value.
• Identify the different sources of financing and their benefits and limitations.
• Understand the factors that affects a firm's decision to retain earnings or distribute them as dividends.