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Table Of Contents

Financial Management vs. Accounting Function
Goal of the “Financial Management” and “Firm”
Stakeholders Groups:
What is Wealth?
WHY MANAGERS SHOULD WORK IN THE INTEREST OF SHAREHOLDERS
COMPARISON OF FINANCIAL OBJECTIVES IN PRIVATE AND PUBLIC BUSINESS
CHAPTER TWO
MATHEMATICS OF FINANCE
Discounting:
Discounting a series:
Period Now after 1 year after 2 years after after 3 years
Annuities:
Solution:
Perpetuities:
Compounding/discounting at intervals other than annual:
Question 1:
Required:
Question 2:
CHAPTER THREE
SOURCES OF FINANCE
CHAPTER FOUR
COST OF CAPITAL
GORDON MODEL:
Bank Overdraft
Convertible Loan Stock
THEORIES OF CAPITAL STRUCTURE
Specific Assumptions of MM:
Company A:
Company B:
Case 1: Additional income from the same investment
Income:
Conclusion:
CHAPTER SIX INVESTMENT POLICY (CAPITAL BUDGETING)
Definitions:
1. Traditional or Non-discounting Techniques:
Disadvantages of ARR:
PROJECT A PROJECT B
PROJECT A PROJECT B
Advantages of PBP:
Treatment of some Common Items of Cost Under the DCF Method
a. Net Present Value (NPV) Method:
Note:
Advantages of NPV:
b. International Rate of Return (IRR) Method:
Advantages of IRR:
Disadvantages of IRR:
NPV VS IRR
REASONS FOR THE CONTROVERSY BETWEEN THE TWO METHODS
Advantages of PI:
Disadvantages of PI:
Project Required Investment
SOLUTION:
NPV VS PI
CHAPTER SEVEN DIVIDEND POLICY
Factors Affecting Dividend Policy
CHAPTER EIGHT WORKING CAPITAL MANAGEMENT
Net Working capital can be positive or negative
DETERMINANTS OF WORKING CAPITAL
Permanent Working Capital
Fluctuating Working Capital:
THE WORKING CAPITAL CYCLE
ESTIMATING WORKING CAPITAL REQUIREMENT
Overtrading
SYMPTOMS AND CONSEQUENCES OF OVERTRADING
Internal Factors:
SYMPTOMS AND CONSEQUENCES OF OVER-CAPITALISATION
CASH MANAGEMENT
Transactions motive:
Precautionary Motive:
Credit Policy:
Notes:
Decision with Effective Rate:
ACCEPT REJECT DISCOUNT DISCOUNT
Cash budgets:
Solution Workings Notes:
CHAPTER NINE
STOCK CONTROL
Stocks Costs
Costs of Holding Stock
Basic Terminology
CHAPTER TEN BUSINESS VALUATION
Values and Forecast
Theoretical Value of a Business
Basis of Valuation
The procedure is as follows:
Meaning of a Value
CHAPTER ELEVEN
MERGERS AND ACQUISITION
De-Merger
The possible methods are:
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Elumilade Financial Management Textbook

Elumilade Financial Management Textbook

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Published by: olu4real on Dec 30, 2010
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