This Financial Management course from JK Michaels Institute will help you acquire the theoretical and analytical finance skills needed to succeed in business and financial institutions.
You’ll develop critical knowledge and understanding of financial principles, concepts, and theories and analytical skills for dealing with financial management difficulties in domestic and international business environments.
Financial Management Course-What does the term “financial management” mean?
One of the easiest methods to increase your wealth is understanding your money and resources and where they’re going. Making long-term goals based on understanding your cash flow and financial objectives is what financial management is all about. In areas like investing and emergencies, it can help you make better financial decisions and manage risk.
Financial management course will equip delegate with the skill of planning, organizing, directing, and managing a company’s economic activities, such as purchasing and using funds. It entails applying general management ideas to the organization’s financial resources.
Financial Management Course -What Are the Benefits of Studying Financial Management?
If money flows in, you can’t expect it to grow without scrutinizing it. Financial management course ,teaches you how to handle your money and your business plan’s finances. It’s about a lot more than just balance sheets. Short- and long-term goals, financial management, and investment decisions are all part of it. If you don’t know how these elements affect your bottom line, your decision-making will constantly be one step behind.
The financial management course will strengthen your ability to identify, assess, and propose/implement financial solutions and offer you transferable skills for employment in financial institutions, stockbroking, investment and portfolio management, and treasury and corporate finance departments.
This financial management course allows you to add a year to your studies to complete a 48-week work experience. According to a study, graduates with relevant work experience have a better probability of finding a graduate-level job.
Financial Management Course -Objectives of Financial Management
The procurement, allocation, and control of a company’s financial resources are part of financial management. The objectives could be:
To ensure that the organization has a steady and sufficient source of funds.
To give shareholders acceptable returns, defined by earning capacity, stock market price, and shareholder expectations.
To ensure that the organization used funds to their maximum capacity. Once they collect the funds, they should put them to the best possible use for the least amount of money.
Assets should be invested in safe ventures to ensure investment safety and a reasonable rate of return.
To build a strong capital structure-
A sound and equitable capital composition are essential to balance debt and equity capital.
Financial Management Course -Functions of Financial Management
A financial manager must make assumptions regarding the company’s capital requirements while estimating capital requirements. For example, a corporation’s expected costs and earnings and its future programmes and policies will decide this. Therefore, they must create estimates to increase the enterprise’s earning capacity.
Determination of capital composition: After the estimation, they must determine the capital structure. It comprises a short-term and long-term debt-equity analysis. The amount of equity capital a company possesses and raising additional funds from outside sources will impact this.
Additional cash sources: A corporation can get additional funds through various methods, including the issuing of shares and debentures.
They must obtain loans from banks and financial institutions.
They will use deposits from the general public to purchase bonds.
They will choose the factor based on the respective benefits and downsides of each source and the length of the funding period.
Investment of funds: The finance manager must decide whether or not to invest funds in successful enterprises to ensure that the investment is safe and that they can expect consistent returns.
The financial manager is in charge of selecting how to dispose of surplus funds.
Determining the dividend rate and other benefits such as bonuses are all part of the dividend declaration process.
Retained earnings: Must decide a volume based on the company’s expansion, innovation, and diversification goals.
Making cash management decisions is the responsibility of the financial manager. Which must pay wages and salaries, as must energy and water bills, creditors, current liabilities, appropriate stock must be maintained, and raw materials must be obtained, among other things.
Financial controls: The finance manager is responsible for maintaining financial management and planning, acquiring, and using funds. As a result, many tactics might be utilized, including ratio analysis, economic forecasts, cost and profit control, etc.
