An understanding of the business environment, markets, financial markets, entities and organizations provides an underpinning for business professionals as managers and accountants. Business and Management includes a basic understanding of the purpose and objectives of businesses and the issues of business ethics, governance, corporate social responsibility and sustainability. The business environment is seen globally, internationally and locally. This course provides a general knowledge of business financial management. Emphasis is placed on financial statement analysis, time value of money, management of cash flow, risk and return, and sources of financing. It is a field of study that also deals with how corporations, organizations and small businesses handle money. Here are some common concepts taught in business finance courses:
- Business Processes and Environment
- The Role of Finance
- Basics of Business Finance and Financial Markets
- Investment Decisions
- Basic Models for Business Analysis
- The Role of Professional Accountants in Business and Society
- Management and Organisational Behaviour
Course/Learning Objectives Upon completion, students should be able to:
- Interpret and Apply the principles of financial management in business. This lesson is targeted at introducing students or users to the types of organizations found in private and public sectors.
- Get the distinction between the objectives of a commercial/public (profit making) and Private (non-profit) businesses.
- The different types of business entity (company, partnership, sole trader) and stakeholders.
All these are necessary information which should be disclosed to the management so as to make timely and effective business decisions.
- Recognized degree of any University or Higher National Diploma of any Polytechnic.
- Any other qualification for the time being approved by the Council.
Introduction to Business and Finance