Internal and External Finance ^{3rd Ed.}

The aim of this course is to introduce students to accounting and finance problems which face organsations at board level and to enable them to feel at ease working with finance and accounting experts as and when necessary.

By the end of this course, students will have a grasp of the fundamentals of financial analysis and corporate financial theory and will know how to tackle the main financial problems they are likely to encounter in the work environment. The financial issues discussed will be those relevant in the private and public sectors and will also be relevant in a global context.

Financial Strategy covers financial statement analysis, the cost of capital, project appraisal, company valuation, foreign exchange and interest rate markets, management and investor performance measures.

On completing this course, managers should be able to:

• appreciate the financial strategy issues affecting organisations
• understand the relevance of finance and accounting both within the organisation and to stakeholders in organisations
• undertake a financial analysis of an organisation and be able to interpret the results in the context of lending and investing decisions
• make investment decisions, both for projects and companies
• be aware of the financing choices available to organisations and how financial structure should be determined
• assess the financial risks facing organisations, in particular credit, interest and foreign exchange risk, and adopt risk hedging strategies which suit the risk profile of the organisation concerned
• understand how organisations measure financial performance internally and how their financial performance is assessed by stakeholders in a global context
  

1. Introduction
• Outline of Unit 10
• Objectives of the unit
2. Corporate Governance
• 2.1 Market-Based Systems
• 2.2 Relationship-Based Systems
3. Internal v. External Reporting
• 3.1 Management and Financial Accounting
• 3.2 Trends in Performance Measurement
• 3.3 Economic and Accounting Performance Measures
• Economic income in external reporting
• Economic income in internal reporting
4. Audit and Accountability in the Public Sector
• 4.1 Definitions of Value-For-Money Auditing
1. Review of management systems, arrangements and procedures
2. The value for money procedures audit
3. Policy audit
4. Audit of management representations of value for money
5. Comparative performance audit
6. Quality audit
• 4.2 The Future of Value-For-Money Auditing
• 4.3 Best Value
5. Performance Measurement and Investment
• 5.1 Measurement of Trustee Performance
• 5.2 Measurement of Fund Manager Performance
• Measurement of management performance

MBA material, so what do you expect?