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Disclaimer: All reasonable steps have been taken to ensure that the information contained on the website is accurate at the date it was published. Nelson Mandela University reserves the right to make changes to the module details (e.g. lecturer, pre-requisites, etc.) as published on the website.
Advanced Financial Management (EBMJ402)
This module is presented as follows in 2024:
- SUMMERSTRAND CAMPUS SOUTH: Full-Time (A1)
Can be used as a major: No
Offered in: Term 3+4
Credit value: 20
Estimated fees: R5010
Lecturer: MAZIBUKO, NE
- SUMMERSTRAND CAMPUS SOUTH: Part-Time (A2)
Can be used as a major: No
Offered in: Term 3+4
Credit value: 20
Estimated fees: R5010
Lecturer: MAZIBUKO, NE
Syllabus
PURPOSE
This module will prepare students to:
• Identify the tasks and responsibilities of the financial manager;
• Understand the overall impact of the business environment on financial decision-making;
• Gain knowledge, insight and understanding of relevant financial theories, with the objective inter alia to draw a line between good (or acceptable) and bad (or unacceptable) financial theories, as well as good and bad financial practices;
• Demonstrate knowledge and insight by adopting a systematic approach when analysing specific financial problems;
• Reinforce and extend the undergraduate syllabus, by inter alia a study of the financial literature in its broadest context;
• Stimulate active class participation on topical issues;
• Prepare assignments where the focus is on specific financial phenomena;
• Prepare solutions for the end-of-chapter problems, spreadsheet problems and mini-cases.
CORE CONTENT
• Fundamental concepts:
o An overview of financial management.
o Risk and return (includes the modern portfolio theory, beta analysis and the capital assets pricing model).
o Valuation of securities (includes bond yields and different risk premiums).
o Valuing the firm: The cash flow model.
• Strategic investment decisions:
o Determining the cost of capital.
o Capital budgeting decision criteria.
o Cash flow estimation.
o Risk analysis and real options.
• Strategic financing decisions:
o Long-term financial planning.
o Capital structure decisions.
o Dividend policy.
• Tactical financing decisions:
o Investment banking and financial restructuring.
o Lease financing.
o Hybrid financing.
• Working capital management:
o Current asset management.
o Short-term financing.
o Other topics in working capital management.
Evaluation criteria
100% Continuous assessment:
The weights of the various continuous assessments done for this module throughout the semester are indicated in the study guide.
MODERATION
External.
Prerequisites
None.
Evaluation criteria
Evaluation criteria
100% Continuous assessment:
The weights of the various continuous assessments done for this module throughout the semester are indicated in the study guide.
Prerequisites
None