: This course introduces the discipline of finance in an organizational setting. Among the basics covered: responsibilities of financial managers; roles of finance in a typical business organization; legal forms of businesses; agency relationships; and relevant financial markets of interest to financial managers. Further, you will explore the five principles that form the foundation of financial management and you will understand the non-financial manager's impact on, and role in, the finance function.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
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Lesson 1
Module 1: Finance and the Organization
Role of finance in business
Responsibilities of financial managers
Finance versus accounting
Module 2: Business Organizations and Financial Objectives
Sole proprietorships, partnerships, and corporations
Ownership and structure implications
Wealth maximization versus profit maximization
Module 3: Ethics and Social Responsibility in Finance
Ethical decision-making in financial management
Corporate social responsibility and sustainability
Impact on stakeholders and firm value
Module 4: The Finance Department and Managerial Roles
Structure and functions of the finance department
Interaction between finance and non-financial managers
Decision support and internal controls
Module 5: Agency Relationships and Governance
Principal–agent relationships
Conflicts of interest and agency costs
Incentives, monitoring, and alignment strategies
Module 6: Principles of Financial Management
The five foundational principles of financial management
Risk–return tradeoff
Time value of money and valuation concepts
Module 7: Financial Markets
Overview and purpose of financial markets
The five key financial markets
Market efficiency and information flow
Module 8: Corporate Financing and the Firm Life Cycle
Internal and external financing sources
Rules and constraints of corporate financing
Financing across the business life cycle
Module 9: Stock Markets and Trading Mechanisms
Functions of the stock market
Primary and secondary markets
Trading venues: exchanges, OTC markets, electronic networks
Module 10: Interest Rates and Financial Impact
Determinants of interest rates
Role of inflation, risk, and maturity
Impact of interest rates on organizational decisions
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