The Unit Finance for Managers is designed to equip students with the right tools and techniques to be able to analyse and determine different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders. Students will not just be able to assess budgets but will also be able to identify constraints involved in the achievement of targets and accounting conventions. In addition, understanding the unit will also assist in understanding of strengths and weaknesses of a financial proposal and analyzing the viability of a proposal for expenditure. The unit emphasizes the understanding of finance theory and working knowledge of the financial environment in which the firm operates in order to develop appropriate financial strategies. It attempts to challenge all students to use critical thinking in the understanding of financial theories and analysis. Financial aspects not just about textbook learning: it challenges students to use their critical/creative skills to apply the knowledge learned in both their personal and professional endeavours. Students will understand how to utilize these concepts, principles, and techniques so that they, as managers, can make well-reasoned decisions.
Basic accounting concepts, e.g. profit, cash, matching
Difference between capital & revenue, sources of financial & cost data