FINANCIAL MANAGEMENT & RESOURCE ALLOCATION               – 2 Units

Course Purpose

The purpose of this course is to equip students with the knowledge and skills necessary to effectively manage financial resources and allocate them efficiently within an organization. Students will learn to make informed financial decisions, develop strategic financial plans, and understand the impact of financial management on organizational success.

Course Expected Learning Outcomes

By the end of this course, students should be able to:

• Understand and explain financial management principles and their application in organizational contexts.
• Analyze financial statements critically and use them to make informed decisions.
• Develop and manage budgets to ensure efficient resource allocation.
• Evaluate investment opportunities using various financial appraisal techniques.
• Understand and explain the cost of capital and its implications for financial planning.
• Apply ethical standards in financial management practices.

Course Content

This course includes:

Introduction to Financial Management

Definition and scope of financial management

Importance of financial management in organizations

Financial Statements Analysis

Balance sheet, income statement, and cash flow statement

Ratio analysis and interpretation

Budgeting and Financial Planning

Budget preparation and control

Financial forecasting and planning

Sources of Finance

Equity and debt financing

Cost of capital and capital structure

Investment Appraisal Techniques

Net present value (NPV), internal rate of return (IRR), payback period, profitability index

Working Capital Management

Cash management, inventory control, and accounts receivable management

Dividend Policy and Shareholder Value

Dividend policy theories and practices

Maximizing shareholder value

Ethical Issues in Financial Management

Corporate governance and ethical standards

Financial reporting and transparency

Reading Materials

Financial Management: Theory & Practice by Eugene F. Brigham and Michael C. Ehrhardt

Corporate Finance: Theory and Practice by Aswath Damodaran

Management byRobbins, S. P., & Coulter, M. (2016).

The Smart Money Woman by Arese Ugwu

You’re Not Broke, You’re Pre-Rich by Mapalo Maku.

General Reading Materials:

• Leadership: Kouzes, J. M., & Posner, B. Z. (2017). The Leadership Challenge.
• Management: Robbins, S. P., & Coulter, M. (2016). Management.
• Human Resource Management: Dessler, G. (2024). Human Resource Management.
• Financial Management:Atrill, P., & McLaney, E. (2024). Accounting for Managers.
• Project Management: Project Management Institute (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide.