Financial Management Fundamentals
Week 1
Introduction to Financial Management
- Overview of financial management and its importance for businesses.
- Key financial concepts and terminology.
- The role of a financial manager in an organization.
Week 2
Financial Planning
- Importance of financial planning for early
- stage businesses.
- Techniques for creating a financial plan.
- Setting financial goals and objectives.
Week 3
Understand Financial Statements
- Introduction to key financial statements: Balance Sheet, Income Statement, Cash Flow Statement.
- How to read and interpret financial statements.
- The significance of financial ratios and metrics.
Week 4
Capitalization and Financing Decisions
- Overview of different sources of financing (equity, debt, grants).
- Choosing the right financing options for your business.
- Understanding the cost of capital and its implications.
Week 5
Budgeting and Forecasting
- Techniques for creating effective budgets.
- Importance of forecasting in financial management.
- Tools and software for budgeting and forecasting.
Week 6
Cash Management
- Strategies for effective cash flow management.
- Understanding working capital and its impact on business operations.
- Techniques for managing receivables and payables.
Week 7
Investment Decisions
- Evaluating investment opportunities and risks.
- Introduction to capital budgeting techniques (NPV, IRR).
- Understanding the importance of return on investment (ROI).
Week 8
Financial Performance Analysis
- Techniques for analyzing financial performance.
- Key performance indicators (KPIs) for early
- stage businesses.
- Preparing for financial audits and compliance.
