In this course, the students are introduced to the basic concepts of financial analysis, budgeting, valuation and capital investment.

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1 Course No.: PPM 121 Course title: Financial Management - I Number of credits: 3 (2-1-0) Number of lectures-tutorial practicals: Course coordinator: Dr Rajiv Seth/ Prof G S Gupta Course outline In this course, the students are introduced to the basic concepts of financial analysis, budgeting, valuation and capital investment. Learning objectives The course will aim to provide a grounding in financial statements and financial statement analysis. It will discuss with the student, key concepts, tools and systems of cost accounting, budgeting and managerial decision making. The students will be given an overview of the financial system, the ideas of compounding and discounting and the basic risk-return trade-off in finance. Evaluation procedure: Assignment/s 15% Quiz 30% Minor test 25% Final exam 30% Details of course contents and allotted time Sr. Topic Allotted time (hours) No Lectures Tutorials I. An introduction to finance Evolution of finance as a discipline 1 The scope of finance function The financial decision making II. Financial analysis 1. Financial Statements 5 Basic Concepts underlying Financial Accounting and Management Accounting Generally accepted accounting principles and the accounting environment Balance Sheet concepts of share capital, reserves & surplus, secured/unsecured loans, current liabilities, fixed assets, depreciation accounting, investments, miscellaneous expenditure and losses, amortization, current assets, working capital, net worth Profit & Loss Account concepts of gross profit, operating profit, PBIDT, PBIT, PBT, PAT, Retained Earnings 2. Financial Statement Analysis 2 2

2 Sr. Topic No and uses of Financial Statement Analysis Classification of Ratios liquidity ratios, debt ratios, coverage ratios, Solvency Ratios, profitability ratios, market-value ratios Interpretation of Ratios Common Size & Index Analysis Dupont Analysis 3. Volume-cost-profit analysis Break-even analysis Break-even analysis applications III. Financing decision Concept of leverages Operating Leverage Financial Leverage EBIT-EPS analysis Allotted time (hours) Lectures Tutorials IV. Budgeting The planning process 3 1 Budget-definition, meaning and purpose Master budget Flexible budgeting Variance analysis Human aspects of budgeting V. Concepts of valuation 1. Time value of money 3 2 Compounding technique Future value Discounting techniques Present value Applications 2. Risk and return 2 2 Risk & return of a single asset Risk & return of a portfolio Measurement of market risk Relationship between risk & return: The CAPM VI. Long term investment decision 1. Capital budgeting 4 2 Nature of capital budgeting Evaluation techniques NPV, IRR, Profitability index methods 2. Cost of capital 4 2 Basic concepts Measurement of cost of capital Cost of debt Cost of equity Weighted average cost of capital Total 28 14

3 Sustainability in the area of Finance and Accounts The aspect of business sustainability in Finance and Accounts will be brought into the course with the use of examples through the course, and more specifically through the use of the following case studies to supplement the teaching: 1. Wal-Mart s strategy for sustainability 2. Sustainability scorecard in Amanco Module-wise Teaching Plan Module I: Financial Management encompasses the procurement of funds in the most economic and prudent manner and in the most optimum way to maximize returns for shareholders. In addition, it is imperative for businesses to look at sustainability issues. The introductory lecture will focus on an overview of finance as a discipline and procedures and steps to optimize business decisions. 1) Look at the evolution of finance as a discipline. 2) Understand the scope of finance as an area of study. 3) Identify the steps in financial decision making. Module II: Usually a firm prepares a balance sheet to show the financial position, profit and loss account to reflect the performance over a period of time and a cash-flow statement to display the sources and uses of cash during a period. This module will provide an overview of financial statements and explain the basic concepts underlining financial accounting. It will go on to discuss balance sheet, profit and loss account and cash-flow statements. The students will be introduced to the objectives and uses of financial statement analysis and the various ratios and their interpretations. 1) Understand concepts underlying financial and management accounting 2) Get an exposure to balance sheets and profit and loss account 3) Understand the various financial ratios and their interpretation 4) Define volume-cost-profit analysis 5) Understand break-even analysis and its applications Module III: One of the most important issues before a manager is to arrange sufficient funds for financing a project. Two sources of finance are Equity and Debt. Each financing mix has a different leverage effect on the earnings and the value of the firm. This module examines the leverage effect of the capital mix and the relationship between capital mix and value of the firm. 1) Understanding the concept of leverages 2) Defining operating leverage 3) Defining financial leverage

4 4) Identifying EBIT and the relationship with EPS Module IV: Budgets are an important tool of financial planning in a firm. This module will discuss budgeting as a method of planning. : 1) Understand the planning process in a budget. 2) Understand the meaning and purpose of a budget. 3) Defining the master budget, including the operating budget and the financial budget. 4) Understanding flexible budgeting 5) Moving away from mechanistic budgeting and looking at the human aspects of budgeting. Module V: The concept of Time Value of money relates to the fact that money received today is different in its worth from the money receivable at some other time in future. This module looks at the concept of TVM. The foundation of finance lies in the concept of the risk-return tradeoff. It is commonly understood that the return of an option is related to the risk involved. 1) Understand compounding technique to determine future value of present money 2) Understand discounting techniques to determine present value of a future sum. 3) To understand risk and return of a single asset. 4) Understand risk and return of a portfolio 5) Understand the relationship between risk and return. Module VI: Capital budgeting relates to allocation of funds to different long-term assets. Planning and control of capital expenditures is a major decision area in any organization. 1) Understand the nature of capital budgeting 2) Determine the cost of debt and cost of equity Suggested readings 1. Brigham, E. F and Houston, J. F (2004) "Fundamentals of Financial Management (Thomson, Singapore) 2. Chandra, P. (2003) Finance for Non-finance Executives (Tata McGraw Hill, New 3. Khan, M. Y. and Jain, P. K. (2004) Financial Management. Text, Problems and Cases (Tata McGraw Hill, New 4. Rustagi, R.P (2008) Financial Management (Galgotia Publishing Company, New

5 5. Siciliano, G. (2003) Finance for the Non-financial Manager (Tata McGraw Hill, New

Course No.: PPM 122. Number of credits: 3 (2-1-0) Number of lectures-tutorial practicals: 31-11-0. Introduction

Course No.: PPM 122. Number of credits: 3 (2-1-0) Number of lectures-tutorial practicals: 31-11-0. Introduction Course No.: PPM Course title: Corporate Finance Number of credits: 3 (--0) Number of lectures-tutorial practicals: 3--0 Course coordinator: Dr Rajiv Seth Introduction In this course the students are exposed

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