Course Details
Country:
United Kingdom
Institution:
University of Kent
Course Title:
Principles of Finance
Course Number:
AC523
Course Description:
This module is concerned with the principles which underlie the investment and financing decision making process. Before a rational decision can be made objectives need to be considered and models need to be built. Short-term decisions are dealt with first, together with relevant costs. One such cost is the time value of money. This leads to long term investment decisions which are examined using the economic theory of choice, first assuming perfect capital markets and certainty. These assumptions are then relaxed so that such problems as incorporating capital rationing and risk into the investment decision are fully considered. The module proceeds by looking at the financing decision. The financial system within which business organizations operate is examined, followed by the specific sources and costs of long and short-term capital, including the management of fixed and working capital
Language:
English
Approved Equivalent:
FNAN 303
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