Overview
In general, finance can be defined as the area which deals with the markets, institutions, and instruments for transferring money among economic agents – consumers, producers (business units), and the government. Therefore, each and every individual or organization is affected by the decisions made in the financial sector. Finance is intrinsically tied with economics. The broader economic environment, both at the national and international levels, shapes the financial planning and decisions made by individuals and business units. When the economy goes into a recession, people curtail their expenditures and the businesses write off many previously planned investment projects. Quite the opposite is expected when the economy experiences a boom.
Corporate finance, in particular, is about management of cash inflows and outflows of a business firm. And, with increased globalized activities, such cash flows are not only in terms of domestic currency but also in terms of foreign currencies. The main objectives of corporate finance are maximization of corporate value and management of corporate financial risks. It deals with both short-term and long-term financial decisions made by business firms as well as with the analytical frameworks and techniques involved in such decisions.
This course is definitely useful for those who are planning a career in financial management. Most of the topics discussed are also expected to enhance understanding of the business environment for people pursuing other careers as well. Finance is, and will remain to be, an inseparable function of any business; perhaps more importantly, most business decisions of a firm are evaluated by looking at its financial conditions and outcomes. An understanding of firm’s financial management is crucial for all business managers.
Evaluation
Students will complete reflective problems, group discussions, group projects, and a comprehensive individual assignment.