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Skill Enhancement Course in Financial Management

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  • Skill Enhancement Course in Financial Management

Exclusive for Mizoram University affiliated college students.

Program Overview Syllabus Fees FAQ Career Prospectus



Skill Enhancement Course in Financial Management


Duration:

3 Months


Eligibility:

  1. Current students from Mizoram University and its Affiliated Colleges, pursuing Sem II/Sem III/ Sem IV.
  2. This course is also available for any Past Student/Alumni of Mizoram University and its Affiliated Colleges. They may apply for admissions with the below documentary proof

Documentary proof:

(Required for Past Students/Alumnus of Mizoram University and its Affiliated Colleges) Bonafide UG/PG certificate/ ID card/ Mizoram Statehood Registration Card.


Course Fee: INR 3000

50% discount for Mizoram University students only - Discounted Course Fee: INR 1500


Learning Outcomes:


After the completion of this course, students will be able to:

  1. Comprehend the evolution, meaning, and scope of financial management, including its objectives like profit maximization and shareholder wealth maximization.
  2. Understand and apply the concept of the time value of money in financial decision-making, including compounding and discounting techniques.
  3. Evaluate investment opportunities using criteria such as payback period, accounting rate of return, net present value, and internal rate of return.
  4. Analyze various theories of capital structure and understand the practical aspects of sourcing long-term finance, including the trade-offs between debt and equity capital.
  5. Assess the cost of different capital components, understand the concept of leverage and its impact on profitability, and evaluate dividend policies and working capital management strategies.


Detailed Syllabus:


Unit I: Introduction to Financial Management Evolution, Meaning and Scope, Objectives of Financial Management: Profit Maximization, Shareholder’s Wealth Maximization, Finance Functions: Investment, Financing and Dividend Decisions, Finance Function and Organization Structure.

Unit 2: Time Value of Money and Capital Budgeting Time Value of Money: Concept, Compounding and Discounting, Capital Budgeting: Long-term Investment Decisions, Principles and Process.

Unit 3: Investment Evaluation Criteria and Project Evaluation Investment Evaluation Criteria: Payback Period, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Profitability Index, Project Evaluation: Independent, Replacement, Mutually Exclusive Projects, Capital Budgeting under Constraints (Capital Rationing).

Unit 4: Capital Structure and Sources of Finance Capital Structure: Concept and Significance, Sources of Long-term Finance: Debt vs. Equity Capital, Theories of Capital Structure: NI Approach, NOI Approach, MM Approach, Capital Structure in Practice.

Unit 5: Cost of Capital, Leverage, Dividend Policy, and Working Capital Management Cost of Capital: Meaning and Significance, Cost of Debt, Preference Capital, Equity Capital and Retained Earnings, Weighted Average Cost of Capital, Leverage: Financial, Operating and Combined Leverage, Dividend Policy: Forms, Determinants, Walter’s Model, Gordon’s Model, MM Hypothesis, Working Capital Management: Needs and Estimation, Cash Management, Inventory Management, Receivables Management, Current Assets Financing.



Reference Books:


  1. Brigham, E. F., & Ehrhardt, M. C. (2021). Financial Management: Theory & Practice (16th ed.). Cengage Learning.
  2. Ross, S. A., Westerfield, R. W., & Jaffe, J. (2020). Corporate Finance (12th ed.). McGraw- Hill Education.
  3. Gitman, L. J., & Zutter, C. J. (2019). Principles of Managerial Finance (15th ed.). Pearson.
  4. Damodaran, A. (2020). Corporate Finance: Theory and Practice (5th ed.). Wiley.
  5. Brealey, R. A., Myers, S. C., & Allen, F. (2019). Principles of Corporate Finance (13th ed.). McGraw-Hill Education.