Finance, as the term suggests, is the cash that a country possesses. Therefore, it is at the center of every business organization today. Whether you want to start a new business, extend an existing one, add more resources, or develop new markets, finance is unavoidable. Thus, organizations need liquid money to run the day-to-day operations. So, from the smallest investment to the most significant business experience, finance is a must. Although, finance is dependent on accounting, unlike accounting, which is mostly descriptive, finance is proactive, using accounting data to produce concrete results.
Today’s businesses are highly vulnerable. Organizations spend a huge amount of money in order to keep their operations running smoothly. However, you cannot continue to spend lavishly or not at all. For instance, it can be said that finance is today’s fuel for companies. But its management is equally critical for businesses to succeed.
The Principles of Finance course introduces you to the world of modern finance. The focus on understanding how important financial decisions are determined within the firm. In addition, it covers the concepts of the role of managerial finance, time value of money, long-term and short-term financing. Furthermore, students will be able to calculate the present and future value of money, estimate asset returns according to their risk characteristics. In addition, they will know the importance and application of financial management. Thus learners will form a basic concept or foundation in finance upon course completion.