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Certainly! Here's a comprehensive review and recommendation for the Coursera course on Financial Management: --- **Course Review: Financial Management (FM & AFM) on Coursera** If you're aiming to develop robust financial management skills suitable for a future role as a finance manager or executive, this Coursera course offers an extensive and well-structured curriculum. The course covers foundational principles of financial management and advances into strategic, international, and technical financial topics, making it an excellent choice for aspiring finance professionals. **Course Highlights:** - **Comprehensive Content:** The course is divided into two parts—Financial Management (FM) and Advanced Financial Management (AFM). The FM component prepares learners with essential knowledge such as investment appraisal, working capital management, financial markets, and risk management. The AFM module pushes further into complex areas like international finance, mergers, acquisitions, corporate restructuring, treasury functions, and risk hedging strategies. - **Practical and Strategic Focus:** The curriculum emphasizes not just theoretical understanding but also practical decision-making skills. Topics such as valuation models, investment appraisal considering inflation and taxation, and the use of derivatives for hedging are directly applicable in real-world scenarios. - **Preparation for Advanced Study:** This course is designed to lay a solid foundation for those interested in pursuing more specialized fields such as Advanced Financial Management or Strategic Finance, serving as an excellent stepping stone. - **Skills Development:** Beyond technical knowledge, the course fosters key professional skills such as communication, analysis, skepticism, and commercial acumen, which are vital for effective financial management and advising. - **Global Perspective:** The inclusion of international trade, cross-border finance, and multinational corporate strategies prepares learners for global financial environments. **Who Should Enroll:** - Aspiring finance managers and executives - Students pursuing finance or business degrees - Professionals seeking to strengthen their financial decision-making skills - Entrepreneurs and SME owners looking to deepen their financial understanding **Recommendations:** - Pass the course if you're seeking a detailed, structured overview of financial management principles with an emphasis on practical application. - Its modular structure allows learners to revisit complex topics such as valuation or risk management as needed. - Supplement the course with real-world case studies or practical projects for hands-on experience. **Conclusion:** This Coursera course on Financial Management is an invaluable resource for anyone looking to build or enhance their financial expertise. Its comprehensive scope, combined with strategic and international perspectives, makes it suitable for beginners and experienced professionals alike. Enrolling in this course will undoubtedly enhance your capacity to make informed financial decisions, supporting your career growth in finance or business management. ---
I. Financial Management (FM)The aim of FM is to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.The syllabus for Financial Management (FM) is designed to equip candidates with the skills that would be expected from a finance manager responsible for the finance function of a business. It prepares candidates for more advanced and specialist study in Advanced Financial Management (AFM).A Financial management function1. The nature and purpose of financial management2. Financial objectives and relationship with corporate strategy3. Stakeholders and impact on corporate objectives4. Financial and other objectives in not-for-profit organisationsB Financial management environment1. The economic environment for business2. The nature and role of financial markets and institutions3. The nature and role of money marketsC Working capital management1. The nature, elements and importance of working capital2. Management of inventories, accounts receivable, accounts payable and cash3. Determining working capital needs and funding strategiesD Investment appraisal1. Investment appraisal techniques2. Allowing for inflation and taxation in DCF3. Adjusting for risk and uncertainty in investment appraisal4. Specific investment decisions (lease or buy, asset replacement, capital rationing)E Business finance1. Sources of, and raising, business finance2. Estimating the cost of capital3. Sources of finance and their relative costs4. Capital structure theories and practical considerations5. Finance for small- and medium-sized entities (SMEs)F Business valuations1. Nature and purpose of the valuation of business and financial assets2. Models for the valuation of shares3. The valuation of debt and other financial assets4. Efficient market hypothesis (EMH) and practical considerations in the valuation of sharesG Risk management1. The nature and types of risk and approaches to risk management2. Causes of exchange rate differences and interest rate fluctuations3. Hedging techniques for foreign currency risk4. Hedging techniques for interest rate riskH Employability and technology skillsII. Advanced Financial Management (AFM)AFM develops upon the core financial management knowledge and skills covered in the Financial Management (FM) syllabus and prepares candidates to advise management and/or clients on complex strategic financial management issues facing an organisation.A Role of senior financial adviser in the multinational organisation1. The role and responsibility of senior financial executive/advisor2. Financial strategy formulation3. Corporate environmental, social, governance (ESG) and ethical issues4. Management of international trade and finance5. Strategic business and financial planning for multinational organisations6. Dividend policy in multinationals and transfer pricingB Advanced investment appraisal1. Discounted cash flow techniques2. Application of option pricing theory in investment decisions3. Impact of financing on investment decisions and adjusted present values4. Valuation and the use of free cash flows5. International investment and financing decisionsC Acquisitions and mergers1. Acquisitions and mergers versus other growth strategies2. Valuation for acquisitions and mergers3. Regulatory framework and processes4. Financing acquisitions and mergersD Corporate reconstruction and re-organisation1. Financial reconstruction2. Business re-organisationE Treasury and advanced risk management techniques1. The role of the treasury function in multinationals2. The use of financial derivatives to hedge against forex risk3. The use of financial derivatives to hedge against interest rate riskF Professional skills1. Communication2. Analysis and evaluation3. Scepticism4. Commercial acumenG Employability and technology skills