Financial management is concerned with the decisions that a firm makes about investing in projects and with acquiring the finance for that investment and as such is only concerned with the future.
With a financial decision, the issue may not be whether it was right or wrong in predicting the future but whether an appropriate assessment and a reasoned argument were made in taking the initial decision. As we are dealing with uncertain future predictions, risk is a major factor to be taken into account. How likely is the prediction to happen?
This course will enable students with little knowledge of finance to lay the foundations for decision making in financial management.