Finance for Decision Making

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Syllabus

1. 1 SEPT-DEC 2026 Lesson
2. 2 MAY-AUGUST 2026 Lesson
3. 3 JAN-APRIL 2026 Lesson
4. 4 SEPT-DEC 2025 Lesson
5. 5 1. OVERVIEW OF FINANCE Lesson
6. 6 1.1 Nature and scope of finance Topic
7. 7 1.2 Finance functions – Managerial, Routine and other emerging functions Topic
8. 8 1.3 Goals of a firm; financial and non-financial objectives, overlaps and conflicts among the objectives Topic
9. 9 1.4 Agency theory, stakeholder’s theory and corporate governance Topic
10. 10 1.5 Ethical issues in financial management Topic
11. 11 2. INTRODUCTION TO FINANCING DECISION Lesson
12. 12 2.1 Nature and objectives of the financing decision Topic
13. 13 2.2 Factors to consider when making financing decisions Topic
14. 14 2.3 Sources of finances for organisations; internally generated funds and the externally generated funds, long term sources, medium term and short term sources of finance Topic
15. 15 2.4 Sources of finance for small and medium sized enterprises (SMEs) Topic
16. 16 2.5 Methods of issuing ordinary shares Topic
17. 17 3. FINANCIAL STATEMENT ANALYSIS AND FORECASTING Lesson
18. 18 3.1 Definition of financial statements analysis Topic
19. 19 3.2 The roles of financial reporting and financial statements analysis Topic
20. 20 3.3 Users of financial statements and their information needs Topic
21. 21 3.4 Importance of financial statement analysis Topic
22. 22 3.5 Cost of disclosing financial information; direct costs, indirect costs Topic
23. 23 3.6 Analysing financial statements Topic
24. 24 3.6.1 Income statement: Components and format of the income statement Topic
25. 25 3.6.2 Statement of financial position; components and format of statement of financial position Topic
26. 26 3.6.3 Statement of changes in equity; components of equity, equality valuation ratios Topic
27. 27 3.6.4 Cash flow statements; component and format of the cash flow statement Topic
28. 28 3.7 Ratio analysis: Meaning and uses of financial ratios – Calculation and interpretation of profitability ratios, Liquidity ratios, efficiency ratios, capital structure ratios, coverage ratios and equity ratio and limitation of financial ratios Topic
29. 29 3.8 Common size statements – Vertical and horizontal analysis Topic
30. 30 3.9 Red flags and accounting warning signs that may indicate financial statements are of poor quality Topic
31. 31 4. BUDGETING AND BUDGETARY CONTROL Lesson
32. 32 videos Topic
33. 33 4.1 Nature and purpose of budgets Topic
34. 34 4.2 Limitations of budgeting Topic
35. 35 4.3 Preparation of budgets; master budgets, functional budgets, department budgets, cash budgets Topic
36. 36 4.4 Purpose of budgetary control; operation of a budgetary control system, organisation and coordination of the budgeting function Topic
37. 37 4.5 Distinction between budgeting and budgetary control in the private and public sectors Topic
38. 38 4.6 Cost-Volume-Profit (CVP) Analysis Topic
39. 39 TIME-VALUE OF MONEY Lesson
40. 40 5.1 Concept of time value of money Topic
41. 41 5.2 Time value of money versus time preference of money Topic
42. 42 5.3 Relevance of the concept of time value of money Topic
43. 43 5.4 Compounding technique Topic
44. 44 5.5 Discounting techniques Topic
45. 45 5.6 The loan amortisation schedule Topic
46. 46 6. BASIC VALUATION MODELS Lesson
47. 47 6,1 Concept of value Topic
48. 48 6.2 Relevance of valuation of securities/firms Topic
49. 49 6.3 Valuation of debunters, preferences shares and ordinary shares Topic
50. 50 7. INTRODUCTION TO CAPITAL STRUCTURE DECISION Lesson
51. 51 7.1 Firms capital structure and factors influencing capital structure decisions Topic
52. 52 7.2 The meaning and relevance of cost of capital Topic
53. 53 7.3 Factors influencing firms cost of capital Topic
54. 54 7.4 Component costs of capital Topic
55. 55 7.5 The firm’s overall cost of capital – Weighted average cost of capital (WACC) Topic
56. 56 7.6 Weighted marginal cost of capital (WMCC) Topic
57. 57 8. INTRODUCTION TO CAPITAL BUDGETING DECISION UNDER CERTAINITY Lesson
58. 58 8.1 The nature and importance of capital investment decisions Topic
59. 59 8.2 Capital investment’s cash flows – initial cash outlay, terminal cash flows and annual net operating cash flows, incremental approach to cash flow estimation Topic
60. 60 8.3 Capital investment appraisal techniques; Features of an ideal capital budgeting technique. Non-discounted cash flow methods – payback period and accounting rate of return and discounted cash flow methods – net-present value, internal rate of return, profitability index and discounted payback period, Strengths and weaknesses of the investment appraisal techniques Topic
61. 61 8.4 Incorporating capital rationing in capital budgeting – The meaning and types of capital rationing Topic
62. 62 8.5 Challenges encountered when making capital investment decisions in reality Topic
63. 63 9. WORKING CAPITAL MANAGEMENT Lesson
64. 64 9.1 Introduction and concepts of working capital Topic
65. 65 9.2 Working capital versus working capital management Topic
66. 66 9.3 Factors influencing working capital requirements of a firm Topic
67. 67 9.4 Importance and objectives of working capital management Topic
68. 68 9.5 Working capital financing policies Topic
69. 69 10. DIVIDEND DECISION Lesson
70. 70 10.1 Forms of dividend payments Topic
71. 71 10.2 When to pay dividends – Interim and final dividend Topic
72. 72 10.3 Factors influencing dividend payments Topic
73. 73 10.4 The firm’s dividend policy – The residual policy, stable predictable policy, constant payout ratio policy and regular plus extra policy Topic
74. 74 10.5 Why pay dividends/Dividend theories – Dividend relevance theories; Bird in hand theory, Clientele effect theory, Information signaling theory, Waiter’s theory, Tax differential theory, Modiligliani and Miller’s dividend irrelevance theory Topic
75. 75 10.6 Impact of a dividend decision on share price Topic
76. 76 Sample reading and reference material Lesson
77. 77 1. Brigham, E. F., & Houston, J. F. (2021). Fundamentals of Financial Management (16th edition). Australia: Cengage Learning Topic
78. 78 2. Clayman, R.M. Fridson, S.M., Throughton, H.G. Corporate Finance: A Practical Approach Second Edition Topic
79. 79 3. Paramavisan, C. and Subramanian, T. Financial Management. Revised edition. Topic
80. 80 4. Kasneb e-learning resources (link on the Kasneb website). Topic
81. 81 5. Kasneb approved study packs Topic
82. 82 Quiz Quiz