Learning Outcomes:
On successful completion of this module you will:
• Be able to contribute to and develop business cases in financial terms
• Appreciate the key distinction between corporate profitability and cashflow and the consequent implications for long- term value creation
• Understand the linkages between managerial decision making and corporate financial performance (including reference to discounted cash-flow analysis and economic profit)
• Identify and decide on the optimal mix of long-term financing options, conditional on the risk profile of the company, its stage in the industry life cycle, its degree of operational gearing, and other important factors
• Understand the principles associated with short- term and long- term financial planning and the factors driving the magnitude of funding required to finance company operations
• Understand the importance of actively managing a firm’s operating cash cycle in a cash constrained environment