Managerial Finance

About this written course

A self-paced written course in cash-flow reasoning, introductory investment appraisal, financing assumptions and small linked forecasts. This edition contains 14 lessons. Examples are fictional educational models in monetary units (MU), not investment, lending or tax recommendations. Advanced valuation, derivatives, jurisdiction-specific taxation and professional qualification preparation are outside this edition.

Level: intermediate

Prerequisites

• Confident percentages, basic algebra and spreadsheet arithmetic.
• Understand revenue, expenses, assets, liabilities and equity; complete accounting foundations if these are unfamiliar.
• Understand compound growth and present value; a brief refresher is included.

Learning outcomes

• Distinguish operating profit, operating cash generation and financing flows.
• Build incremental project cash flows with explicit timing and working-capital assumptions.
• Calculate present value and NPV, and explain limitations of payback and IRR.
• Evaluate toy debt, equity and cost-of-capital assumptions without treating estimates as guaranteed returns.
• Reconcile a small forecast and explain sensitivity, liquidity limits and decision uncertainty.

Materials in this written edition

• 14 original written lessons with 14 worked examples.
• 42 independent practice questions and 28 exit checks with explanatory answer keys.
• 4 topic self-assessments with 16 questions and marking guidance.
• One integrated 20-point capstone with model answer and rubric.
• Accessible text explanations and labelled learning tables.

Course contents

1. Cash Flows and Financial Foundations (4 lessons)
2. Investment Appraisal (4 lessons)
3. Financing and Cost of Capital (3 lessons)
4. Financial Modelling and Review (3 lessons)

New written edition. Earlier course completion is not evidence of completing this revised material. Worked keys are provided for self-checking.