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Course Details

Financial Concepts and Tools for Managers (Course Id 171)

QAS / Registry
Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 7.0
IRS Credits : 0
Price : $69.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Finance - Finance for Course Id 171

Description :

Finance involves obtaining, using, and managing funds to achieve the companys financial objectives (e.g., maximization of shareholder value). The course is a primer that emphasizes and develops an understanding of financial concepts, tools, strategies, and major decision areas related to the financial management of the business.

Usage Rank : 0
Release : 2012
Version : 999
Prerequisites : Basic math
Basic accounting
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
Advance Preparation : None
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE)
Revision Date : 18-Sep-2012
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 171

Keywords : Finance, Financial, Concepts, Tools, Managers, cpe, cpa, online course
Learning Objectives :

Module 1

After studying this module, your will be able to:
    1. Manage funds to maximize shareholder value.
    2. Define the concepts of finance.
    3. List and discuss basic forms of business organizations.
    4. Describe the role of the various financial institutions and markets.
    5. Demonstrate and calculate the depreciation methods.
    6. Outline the basic concepts associated with federal corporate taxation.

Module 2

After studying this module, your will be able to:
    1. List and define basic financial statements.
    2. Explain the stockholders equity section of the balance sheet.
    3. Identify and discuss the statement of cash flows.
    4. Differentiate between horizontal and vertical analysis.
    5. Calculate liquidity ratios.
    6. Describe and calculate activity ratios.
    7. Explain and give examples of solvency and debt service ratios.
    8. Recognize and enumerate examples of profitability ratios.
    9. Explain the Du Pont system.
    10. Classify and interpret market value ratios.
    11. Elaborate and clarify the limitations of ratio analysis.

Module 3

After studying this module, your will be able to:
    1. Define the basic concepts of budgeting.
    2. Explain the concepts of financial forecasting.
    3. Outline the computational steps involved in the percent-of-sales method.
    4. Demonstrate the format associated with cash budgeting.

Module 4

After studying this module, your will be able to:
    1. Explain the concept of working capital management.
    2. Describe the benefits of cash management.
    3. Demonstrate the uses of various cash management models.
    4. Define and give examples of marketable securities.
    5. Manage accounts receivable.
    6. Implement an inventory management system.

Module 5

After studying this module, your will be able to:
    1. Explain and list various types of risk.
    2. Interpret the concept of portfolio theory.
    3. Give examples of market index models.
    4. Illustrate and discuss the Capital Asset Pricing Model (CAPM).
    5. Explain betas role in assessing a security risk.
    6. Discuss and define return.
    7. Explain the concept of the risk-return trade-off.
    8. Describe how to value a bond.
    9. Calculate bond yield and the effective rate of return on a bond.
    10. Explain the concept of term structure of interest rates.
    11. Describe common stock valuation.

Module 6

After studying this module, your will be able to:
    1. Describe the concept of time value of the money.
    2. Apply the time value concept to financial decision situations.
    3. Discuss what capital budgeting is.
    4. List and define each of the various evaluation methods.
    5. Define mutually exclusive investments.
    6. Evaluate a lease versus purchase decision.
    7. Allocate a limited budget to capital investment projects.
    8. Explain the role of inflation in an investment decision.
    9. Discuss how to incorporate risk in capital investment decisions.

Module 7

After studying this module, your will be able to:
    1. Determine the cost of capital.
    2. Compute and explain the cost of equity capital.
    3. Explain the level of financing and the marginal cost of capital (MCC).
    4. Calculate and discuss break-even analysis.
    5. Compute and explain the cash break-even point.
    6. Discuss and give examples of leverage.
    7. Detail the use of operating leverage.
    8. Articulate the concept of financial leverage.
    9. Discuss the theory of capital structure.
    10. Implement the EBIT-EPS approach to capital structure.

Module 8

After studying this module, your will be able to:
    1. Distinguish between cash dividends and stock dividends.
    2. Define stock splits.
    3. Discuss various dividend policies.

Module 9

After studying this module, your will be able to:
    1. Enumerate financing strategies.
    2. Use trade credit.
    3. Identify the types of short-term bank loans.
    4. List other sources of financing.
    5. Describe the process of accounts receivable financing.
    6. Explain how to obtain inventory financing.

Module 10

After studying this module, your will be able to:
    1. Characterize the limitations of intermediate-term bank loans.
    2. Explain the function and responsibility of Small Business Administration.
    3. List the pros and cons of leasing.

Module 11

After studying this module, your will be able to:
    1. Articulate and give examples of long-term debt financing.
    2. Make a bond refunding decision.

Module 12

After studying this module, your will be able to:
    1. Describe the process of investment banking.
    2. Differentiate between public versus private placement of securities.
    3. Identify and explain the role and rights of stockholders.
    4. List and define the conditions and limitations of preferred stock.
    5. Explain the benefits and risks associated with common stock.
    6. Clarify and elaborate on stock rights.
    7. Identify and give examples of stock repurchases.
    8. Describe and implement a process for margin trading.
    9. Utilize short selling in a down trend market.
    10. List and define governmental regulations.
    11. Articulate the concept of an efficient market theory.
    12. Define and give examples of convertible securities.
    13. Explain the uses of stock warrants.

Module 13

After studying this module, your will be able to:
    1. Differentiate between mergers and acquisitions.
    2. Explain the uses and benefits of a holding company.
    3. Explain how to implement tender offer.

Module 14

After studying this module, your will be able to:
    1. Execute and implement a voluntary settlement.
    2. State how to file for bankruptcy and reorganization.
    3. Discuss how to use derivatives (options and futures) to manage risk.
    4. Outline the Black-Scholes option pricing model.
    5. Discuss the financial risks associated with doing business globally.
Course Contents :

Module 1: The Basics

      0.   Introduction

      1.   What is finance?

2.      Basic forms of business organizations

3.      Financial institutions and markets

4.      Depreciation methods

5.      Federal corporate taxation


Module 2:  Financial Statement Ratios

6.      Basic financial statements

7.      Stockholders equity section of the balance sheet

8.      Statement of cash flows

9.      Horizontal and vertical analysis

10.  Liquidity and liquidity ratios

11.  Activity ratios

12.  Solvency and debt service ratios

13.  Profitability ratios

14.  Du Pont system

15.  Market value ratios

16.  Limitations of ratio analysis


Module 3: Budgeting and Forecasting Financing Needs

17.  Budgeting

18.  Financial forecasting and the percent-of-sales method

19.  Cash budgeting


Module 4: Managing Working Capital

20.  Working capital management

21.  Cash management

22.  Cash management models

23.  Marketable securities

24.  Management of accounts receivable

25.  Inventory management  and just-in-time (JIT)


Module 5: Security, Bond, and Asset Valuation

      26. Risk

      27. Portfolio theory

      28. Market index models

      29. Capital asset pricing model (CAPM) and arbitrage pricing model (APM)

      30. Beta

      31. Return

      32. The risk-return trade-off

      33. Bond valuation

      34. Bond yieldeffective rate of return on a bond

      35. Term structure of interest rates

      36. Common stock valuation


Module 6: Time Value of Money and Capital Budgeting

37.  Time value of money and its applications

38.  Capital budgeting

39.  Accounting rate of return

40.  Payback period

41.  Net present value method

42.  Profitability index

43.  Internal rate of return (IRR)

44.  Mutually exclusive investments

45.  Lease-purchase decision

46.  Capital rationing

47.  Capital budgeting and inflation

48.  Risk analysis in capital budgeting


Module 7: Determining Cost of Capital and Capital Structure Decisions

49.  Cost of capital

50.  Computing the cost of equity capital

51.  Level of financing and the marginal cost of capital (MCC)

52.  Break-even analysis

53.  Cash break-even point

54.  Leverage

55.  Operating leverage

56.  Financial leverage

57.  Theory of capital structure

58.  EBIT-EPS approach to capital structure


Module 8: Dividends and Stock Splits

59.  Cash dividends

60.  Stock dividends and stock splits

61.  Dividend policy


Module 9: Short-Term Financing

62.  Financing strategy

63.  Trade credit

64.  Short-term bank loans

65.  Other sources of financing

66.  Accounts receivable financing

67.  Inventory financing


Module 10: Term Loans and Leasing

68.  Intermediate-term bank loans

69.  Small Business Administration

70.  Leasing


Module 11: Long-Term Debt

71.  Long-term debt financing

72.  Bond refunding


Module 12: Stock, Convertibles, and Warrants

73.  Investment banking

74.  Public versus private placement of securities

75.  Stockholders

76.  Preferred stock

77.  Common stock

78.  Stock rights

79.  Stock repurchases

80.  Margin trading

81.  Short selling

82.  Governmental regulation

83.  Efficient market theory

84.  Convertible securities

85.  Stock warrants


Module 13: Mergers and Acquisitions

86.  Mergers and acquisitions

87.  Holding company

88.  Tender offer


Module 14: Options and Option Pricing, Derivatives and Risk Management, and International Finance

89.  Voluntary settlement

90.  Bankruptcy and reorganization

91.  Derivatives (options and futures) and risk management

92.  The black-scholes option pricing model

93.  International finance



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