Financial Management

MicroMasters Program

Level:

Beginner/
Intermediate

Duration:

136 hours

Effort:

4-6 Hours weekly

Language:

Arabic/English

Price:

£ 2200

Why Financial Management MicroMasters?

Financial Management comes in two forms. Business financial management helps you to make better decisions for your organization, and Personal management is the process of understanding your personal wealth. Everest Business School offers a micro-masters course in Accounting and Financial Management that will provide a comprehensive overview of financial services and accounting. It is designed for both financial managers and financial accounting teams seeking to gain an understanding of the aspects of decision-making on an organizational level. There is a wide range of courses tackling the principles of risk management, financial decision-making and capital structure of investment markets. You will learn everything you need to know to build wealth both for you and your company. Financial management involves planning for the future by understanding your cash flow and your financial goals. It can help you make better financial decisions and manage the risk involved in things like investments and emergencies.

Financial management is more than just balance sheet management. It is comprised of short term and long-term goals, with cash management plans and investment decisions. Without an in-depth understanding of how these things affect your bottom line, your decision-making will always be one step behind.

Who is this program for?

From asset management, to corporations, to official institutions, the career opportunities for qualified finance professionals continue to grow and evolve. Everest Business School offers this MicroMasters is designed for:

Syllabus

  • Personal Financial Planning Process.
  • Basic Financial Statements and Budgeting.
  • Taxation Concepts and Tax Planning.
  • Strategies for Personal Financial success.
  • Managing Liquid Assets, Savings, Checking & other Liquidity Products.
  • Open Consumer Credit, Credit Card Features & Costs.
  • Obtaining & Managing Credit, Credit Analysis, Reporting & Prudent Use.
  • Consumer Loans, Loan Features, Sources & Uses.
  • Planning for Risk and Retirement.
  • Insuring Your Life.
  • Retirement Planning.
  • Investment Planning.
  • Risk and Return.
    • Return. 
    • Risk. 
    • Types of Risk.
    • The Relationship Between Risk and Return 151.
    • Capital Asset Pricing Model (CAPM).
    • Portfolio Risk and Return.
  • Long-Term Financial Management.
    • Capital Structure.
    • Bonds (Debt Securities).
    • The Term Structure of Interest Rates and the Yield Curve.
    • The Bond Instrument.
    • Stock (Equity Securities).
    • The Fair Value or Intrinsic Value (Appropriate Price) of a Share of Stock.
  • Cost of Capital.
    • Overall Cost of Capital and the Weighted-Average Cost of Capital.
    • Capital Structure Decisions.
    • Inflation, Interest Rates, and Prices of Financial Instruments.
  • Raising Capital.
    • Commercial Bank or Finance Company Loans.
    • Venture Capitalists.
    • Initial Public Offering (IPO).
    • Primary, Subsequent, and Secondary Offerings.
    • Investment Banks.
    • Private Placements.
    • Crowdfunding Under the Jumpstart Our Business Startups (JOBS) Act.
    • Bonds. 
    • International Bonds.
    • Bonds and Rating Agencies.
    • Benefits and Limitations of the Various Financing Sources.
    • Financial Markets.
    • Market Efficiency and the Efficient Market Hypothesis.
    • Insider Trading.
    • Dividends, Dividend Policy, and Stock Splits.
    • Treasury Stock.
  • Working Capital Management.
    • Working Capital Finance 304.
    • The Operating Cycle 310.
    • Cash Flow Management 314.
    • Marketable Securities Management 321.
    • Accounts Receivable Management 328.
    • Inventory Management 332.
    • Short-Term Financing 341.
    • Maturity Matching Approach to Working Capital Management.
  • Corporate Restructuring.
    • Business Combinations.
    • Takeover Strategies and Defenses.
    • Divestitures. 
    • The Discounted Cash Flow Approach to Valuing a Business.
  • International Finance.
    • Multinational Corporations (MNCs).
    • Foreign Direct Investment.
    • International Buying and Selling.
    • Foreign Currency Cross Rates.
    • Managing Exchange Rate Risk.
    • Use of Foreign Financing to Reduce Costs.
    • International Payments.
  • Strategic planning.
    • Analysis of internal and external factors affecting strategy.
    • Long-term mission and goals.
    • Alignment of tactics with long-term strategic goals.
    • Analytical techniques and Strategic planning models.
    • Characteristics of successful strategic planning process.
  • Budgeting Concepts.
    • Operations and performance goals.
    • Characteristics of a successful budget process.
    • Resource allocation.
    • Other budgeting concepts.
  • Forecasting techniques.
    • Regression analysis.
    • Learning Curve analysis.
    • Expected value.
  • Budgeting methodologies.
    • Annual business plans (master budgets).
    • Project budgeting.
    • Activity-based budgeting.
    • Zero-based budgeting.
    • Continuous (rolling) budgets.
    • Flexible budgeting.
  • Annual profit plan and supporting schedules.
    • Operational Budgets.
    • Financial Budgets.
    • Capital Budgets.
  • Top-level planning and analysis.
    • Pro forma income.
    • Financial statement projects.
    • Cash flow projections.
    • Basic Financial Statement Analysis.
      • Common size financial statements.
      • Common base year financial statements.
    • Financial Ratios.
      • Liquidity.
      • Leverage. 
      • Activity. 
      • Profitability. 
      • Marketing. 
    • Profitability Analysis.
      • Income measure analysis.
      • Revenue analysis.
      • Cost of sales analysis.
      • Expense analysis.
      • Variation analysis.
    • Special Issues.
      • Impact of foreign operations.
      • Effects of changing prices and inflation.
      • Impact of changes in accounting treatment.
      • Accounting and economic concepts of value and income.
      • Earnings equality. 
  • Financial Statements.
    • Balance Sheets.
    • Income Statements.
    • Statement of Changes in Equity.
    • Statement of Cash Flows.
    • Integrated Reporting.
  • Recognition, Measurement, Valuation, and Disclosure:
    • Asset Valuation.
      • Cash and Cash Equivalents.
      • Accounts Receivable.
      • Inventory. 
      • Investments (Debt and Equity Securities).
      • Property, Plant, and Equipment.
      • Intangible Assets.
    • Valuation of Liabilities.
      • Reclassification of Short-term Debt.
      • Warranty Liabilities.
      • Accounting for Income Taxes.
      • Accounting for Leases.
    • Equity Transactions.
      • Corporate Shareholders’ Equity.
      • Retained Earnings & Treasury Stock.
    • Revenue Recognition.
    • Income Measurement.
    • Significant differences between U.S. GAAP and IFRS.
  • Types of risk.
  • Risk identification and assessment.
  • Risk mitigation strategies.
  • Managing risk.

Key Programme Takeaways

  • Understand how financial statements are built.

  • How to incorporate the time value of money to value assets.

  • Understand how a portfolio selection problem is solved.

  • Practical skills for evaluating and forecasting project ideas and decisions from various perspectives.

  • How to use the free cash flow method for firm evaluation.

  • Measure risk and estimate the expected return of an asset based on its risk.

Your Learning Journey

The first week is orientation week. During this week you will be introduced to the other participants in the class from across the world and you will learn about the track details, materials, assignments, and final project.

On other weeks, you have learning goals set for the week. The goals would include the online interactive lectures and completing the assignments. All assignments need to be submitted within one week.

The programme features weekly live online sessions with industry practitioners who are available to help you clarify your doubts pertaining to the content. Assignments are graded by the program faculty.

Discussion boards are an integral part of each module and provide a forum where participants can interact, share ideas, and ask questions.

Live webinars with Everest Business School provide opportunity for additional instruction as well as Q&A sessions for the group.

The Programme Support team will follow up over emails and phone calls with learners who are unable to submit their assignments on time or have any other concerns during the learning journey till sending the MicroMasters’ final grade.