SCHOOL OF GRADUATE STUDIES(SOGS)
POSTGRADUATE
COURSE OUTLINE (SYLLABUS)
A. COURSE DETAILS:
Course Code
MCPC 612
Credit Hours
Course Title
Financial Management
Academic Year
2023/2024
Programme
MBA Accounting and Finance & MSc. Procurement
Semester
3
Level
600
Second
Course URL: http//:
B. COURSE INSTRUCTOR(S) DETAILS:
Name: Course Lead
Dr. David Mensah
Office Location
JJMartey Block
Mobile
Email - Course Lead
David.mensah@upsamail.edu.gh
Email - Head of
Department
Course Lecturer(s)
edward.attah-botchwey@upsamail.edu.gh
Dr Isaac Ofoeda, Dr David Mensah, Dr Gowin Musah, Dr. Joseph
Quarshie, Dr. Eric Boachie Yiadom & Dr Abubakar Musah
C. COURSE DESCRIPTION
Financial Management is a study of the forms of business organization, with special attention to the
corporation and its financial issues. This course introduces students to the role of the finance manager
in both raising and using funds. It highlights the usefulness of knowing tax, law, accounting,
investment principles, and the mathematics of finance.
The course also analyses the company’s cash flows by separating them into cash flows from
operating, investing, and financing activities and examine the methods that are frequently used for
company valuations. The course further examines the financing decisions of companies which
includes sources of finance, the cost of capital and the weighted average cost of capital. The course
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balances rigorous theoretical content and practical applications. The course further exposes students
to the application of empirical and theoretical tools through the class discussion of cases, as well as
practice problem sets.
PREREQUISITE (IF ANY)
This course has no prerequisite because it is a first-year course. Students are however required to have
studied economics or mathematics in high school.
D. COURSE OBJECTIVES
The objectives of the course are to
• To provide an introduction to the functions and concepts of Financial Management.
• Explain the time value of money in business decision making
• Identify and evaluate different types of risk in investments
• Evaluate projects as well as financial markets securities.
• Discuss the key techniques used in financial management analysis.
• Discuss the concept of firm value maximization.
• Discuss the theories of capital structures of firms and explain how these theories influence the
financing decisions of firms.
• Discuss the components of working capital management in business organizations
Discuss the management of working capital
E. COURSE LEARNING OUTCOMES
After completing this course, students will
• Demonstrate the understanding of financial management techniques and apply them to
practical business decisions in general.
• Appraise capital projects in various sectors of an economy.
• Develop working capital management systems for organizations
• Demonstrate the ability to make policy decisions on the replacement of capital assets.
• Value stock and bonds
• Demonstrate knowledge of types of risk and their management
• Evaluate decisions based on the principles of the time value of money.
• Apply appropriate financial techniques for effective financial management
• Apply appropriate tools in valuing firms
• Get abreast with current themes in finance and develop a high appetite for research in financial
management,
• Develop critical and analytical skills and the ability to work independently.
• Demonstrate communication and writing skills.
F. COURSE CONTENT IN A WEEKLY FORMAT
The course outline is prepared on a weekly format, describing the topics to be thought in each week
WEEKS
COURSE CONTENT
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WEEK 1
OVERVIEW OF FINANCIAL MANAGEMENT/CORPORATE
FINANCE
Business Finance
Definition of Financial Management
Objectives of the Firm
Financial Management Decisions
Importance of Financial Management
Forms of Business Organizations
Agency Problems and the Control of Corporations
Financial Markets and Corporations
WEEK 2-3
TIME VALUE OF MONEY
Present Value and Future Value for a Single Period
Present Value and Future Value for a Multiple Period
Determining Discount Rates and Number of Periods
Present Value and Future Value with Multiple Cashflows
Annuities and Perpetuities
Growing Annuities
Effective Annual Rates
Sinking Fund
Amortization
WEEK 4-5
RISK AND RETURN
Define Risk and Returns
Holding Period Returns
Risk and Variances
Coefficient of Variations
Portfolio Risk and Return
Systematic and Unsystematic Risk
Risk Diversification
Capital Asset Pricing Model (CAPM)
WEEK 6-7
SOURCES OF FINANCE
Introduction to sources of finance
Definition of Capital Structure
Financial Structure and Capital Structure
Factors Determining Capital Structure
Optimal Capital Structure
Capital Structure Theories
Cost of Capital
WEEK 8-9
VALUATION OF LONG TERM ASSETS
Definition of Stocks
Types of Stocks
Features of Common and Preferred Stocks
Common Stock Valuation
Definition of Bonds
Types of Bonds
Basic Features of Bonds
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Bond Indenture
Bond Valuation
WEEK 10-11
INVESTMENT APPRAISAL
Need and Importance of Capital Budgeting
Capital Budgeting Process
Kinds of Capital Budgeting of Decisions
Estimation of Cashflows
Project Evaluation and Selection Techniques
WEEK 12-13
WORKING CAPITAL MANAGEMENT
Introduction to Working Capital Management
Factors Influencing Working Capital Needs
Working Capital Management Approaches
Cash Management
Receivables Management
Inventory Management
Payables Management
G. COURSE TOPICS CREDIT HOURS ACTIVITIES AND READINGS IN A WEEKLY
FORMAT
WEEK
TOPIC
WEEK 1
CREDIT
ACTIVITIES
HRS
3
Lecture, Class
Discussion.
OVERVIEW OF
FINANCIAL
MANAGEMENT
READINGS
James C. Van Horne and John M.
Wachowicz JR. (2005), Pages 505526, 1-14
Brigham, E. F., and Ehrhardt. M. C.
(2011). Pages 3-44
Ross, S.A, Westerfield, R.W., and
Jaffe, J (2013),. Pages 1-18
WEEK 2-3
TIME VALUE OF
MONEY
3
Lecture, Class
Discussion
Brigham, E. F., and Ehrhardt. M. C.
(2011), Pages 123-160
James C. Van Horne and John M.
Wachowicz JR. (2008), Pages 41-71
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WEEK 4-5
3
Lecture, Class
Discussion,
Quiz
James C. Van Horne and John M.
Wachowicz JR. (2008), pages 97126
Ross, S.A, Westerfield, R.W., and
Jaffe, J (2013), Pages 306-400
3
Lecture, Class
Discussion.
Ross, S.A, Westerfield, R.W., and
Jaffe, J (2013. Pages 474-526
RISK AND RETURN
WEEK 6-7
SOURCES
FINANCE
OF
WEEK 8-9
James C. Van Horne and John M.
Wachowicz JR. (2008), pages 318417, 451-473
3
Lecture, Class
Discussion
VALUATION
OF
LONG
TERM
ASSETS
WEEK 10-11
Brigham, E. F., and Ehrhardt. M. C.
(2011). Pages 173-206, 267-290
James C. Van Horne and John M.
Wachowicz JR. (2005), Pages 527551
3
INVESTMENT
APPRAISAL
Lecture, Class
Discussion,
Quiz
James C. Van Horne and John M.
Wachowicz JR. (2008), Pages 379468
Brigham, E. F., and Ehrhardt. M. C.
(2011), Pages 123-160
WEEK 12-13
3
WORKING CAPITAL
MANAGEMENT
Lecture, Class
Discussion
James C. Van Horne and John M.
Wachowicz JR. (2005), pages 205281
Ross, S.A, Westerfield, R.W., and
Jaffe, J (2013),. Pages 804-856
.
H. COURSE ASSIGNMENT
The course will be assigned using the following methods Presentations,
Research essay
Group Project Report
I. COURSE INSTRUCTIONS
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The course will be delivered using the following course instruction methods
STUDENT LED LEARNING where students working together to support each other, PROBLEM
BASED LEARNING a student-centered approach, where students learn about a subject through
exploring the subject and solving problems., BUZZ GROUP DISCUSSION a method in which small
groups of 2-3 participants are created and they all discuss a specific question or issue in order to
come up with many ideas in a short time. Brainstorming
J. COURSE ASSESSMENT
The course will be assessed using the FORMATIVE AND SUMMATIVE ASSESSMENT
K. FORMATIVE ASSESSMENT
Formative assessment or assessment for learning involves a continuous way of checks and balances
in the teaching-learning processes (Jeri, 2018).
The method allows Lecturers to check their learners' progress as well as the effectiveness of their
own practice, thus allowing for self-assessment of the student.
The following formative assessment methods will be used ANALYSIS OF STUDENTS WORK. In
this, the lecturer assign, collect and examine student work continuously to assess student learning and to
revise and improve teaching., THINK-PAIR-SHARE (TPS). This is a collaborative learning strategy in
which students work together to solve a problem or answer a question about an assignment. This
technique requires students to (1) think individually about a topic or answer to a question; and (2) share
ideas with classmates.
Quizzes
LEVERAGING OF TECHNOLOGY
Moodle, email, and WhatsApp, given convenience and speed, would be used to send and retrieve course
materials.
L. SUMMATIVE ASSESSMENT EXAMINATION STRUCTURE
The structure of examination is as shown below
INTERIM EXAMINATION
FINAL EXAMINATION
Number of Questions
2
5
Allocated Hrs.
1
3
All Compulsory
All Compulsory
Compulsory Questions
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Total marks is broken down as follows
%
Final Examination
60%
Interim Examination
20%
Assignments
10%
Class attendance
10%
TOTAL
100%
Interim Examination - Additional Information
Student ID card, pen, pencil, eraser, calculator
Final Examination - Additional Information
Essay-type questions will include a mini case study
Assignments - Additional Information Group assignment,
Individual assignment,
Hard copy submission
Class Attendance - Additional Information
There is no makeup quiz or assignment for a missed one unless on medical grounds or on university
assignment.
M. READING LISTS/REFERENCES
BASIC TEXTS
Ross, S.A, Westerfield, R.W., and Jaffe, J (2013), Corporate Finance, Tenth Edition, McGraw-Hill/Irwin, New
York
James C. Van Horne and John M. Wachowicz JR. (2008) Fundamentals of Financial Management, 13th
Edition, Financial Times Prentice Hall,
SUPPLEMENTARY TEXTS
ACCA (2016), Paper F9- Financial Management , BPP Learning Media Ltd
Brigham, E. F., and Ehrhardt. M. C. (2011). Financial management: Theory and practice, 13th Edition,
United States, Thomas South-Western Publishing
Car, W. K., Ruback, R., and Tufano, P. (2005). Case Problems in finance, (12th ed.) Irwin: McGraw-Hall.
Khan, M. Y. and Jain, P. K. (2011). Financial management: Text, Problems, and Cases, (6th ed.). New
Delhi: Tata McGraw-Hill.
Sharma, R. K., and Shashi, G. K. (2008). Financial management: Theory and practice, (6th ed). New
Delhi: Kalyani Publishers.
Beck & DeMarzo
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EMPLOYABILITY SKILLS
At the end of the course the students will be equipped with the following employability skills to this
extent On a scale of 1-5. 1 is the lowest 5 is the highest.
SKILLS
SCALE
Ability to work independently
5
Ability to work under pressure
5
Analytical skills
5
Communication skills/Interpersonal skills
5
Computer skills
3
Creativity/Creative thinking
5
Decision making
5
Entrepreneurial Skills
5
Leadership skills
5
Negotiating Skills
5
Organisational skills
5
Problem Solving Skills
5
Teamwork and team orientation
5
Time management
5
Writing Skills
4
REACH THE FOLLOWING IF YOU HAVE ANY FEEDBACK OR COMPLAINT
POSITIONS
EMAIL
Lead Lecturer
david.mensah@upsamail.edu.gh
Head of Department
isaac.ofoeda@upsamail.edu.gh
Director - Quality Assurance
director.qualityassurance@upsamail.edu.gh
WHAT IS EXPECTED OF YOU
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•
•
•
•
•
•
•
Attend all lectures. The topics that will be covered in this course are cumulative; therefore,
missing even one lecture could adversely affect your understanding of subsequent material. I will
take attendance of students at each lecture.
Read the relevant chapters of the textbooks before attending lectures
Attempt all the practice questions that will be assigned to you
Submit all assignments on the due dates. Late assignments will be penalized
Read the business sections of at least one newspaper to keep up with the latest developments in
the financial community
Active class participation
Term papers will be done in groups or as individuals. All papers shall be typed in 1.5 standard
word spacing with New Time Roman with a font size of 12 and justified.
ACADEMIC DISHONESTY
Please remember Academic Dishonesty:
● Harms the good name of the University
● Affects your personal integrity
● Is a barrier to knowledge and attitude you would have acquired
● Decrease your value in the eyes of people
● Have a heavy penalty
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