Musanze Campus

The course is aimed at exposing students to the Investment functions, Current Assets, Cash, Receivables, Fixed Assets, Purchasing, Hire Purchases Leasing, The Financial functions: Capital structure, Capital market theory, costs of capital, The Dividend Function: Declaration, Long-term policy decision stock or reverse splits of finance. Tools of Financial control: Ratio analysis fund flows, simulation, budgeting. International Aspects of Finance.

Course Content 

Indicative Content

Introduction:  Overview of Finance Management and Mathematics of finance.

Management of assets: Management of fixed assets, Capital budgeting, Management of cash and marketable securities, management of accounts receivables, management of inventory.

Management of sources of funds: Management of short term sources of funds, Management of intermediate sources of funds, management of long term sources of funds, cost of capital. Management of earnings:  The dividend question, setting dividend policy

Tools and techniques of financial planning and analysis: Cash budget and financial plans, ratio analysis, funds flow analysis, break even analysis.

Managing financial distress: Nature and causes of financial distress, Schemes to address financial distress.

Financial Environment: The finance function and its contribution to business, objectives; corporate governance and agency theory, general macro-economic factors that impact upon financial goals and strategies; ethical issues facing finance manager.

Financing: Sources of finance; finance mix; long term vs. short term funds; internal vs. external funds, factors influencing a company's choice of funds; characteristics, benefits, limitations, appropriateness, availability and risk profile of sources of finance; procedure of raising funds; Terms and conditions associated with each source; issues SMEs facein raising finance; managing relationships with fund providers; venture capital funds; due diligence processin fund raising.

Determining Financial Requirement of a Business: Company's financial requirements and optimal asset mix; ratio analysis to determine financial position and performance of a company from the perspective of fund raising; Calculation of free cash-flow; Key issues in company's position/performance relevant to borrowing and rising of funds.

Investment Decisions: Investment Appraisal: Techniques; Risk and return, Capital rationing, Consideration of inflation, uncertainty and probability; non-financial factors; financing options, costs and benefits.

Working Capital Management: Working capital, Working capital cycle; inventory management, Debtors management, Creditors management, Cash management; short, medium and long-term funding requirements and strategies to address the same.

Cost of Capital: Appropriate discount rate; Determination of cost of funds from each source, Calculation of WACC using dividend valuation model and capital assets pricing model; Application and limitations of WACC.

Capital Structure: Factors influencing capital structure, Mix of equity and debt; impact of varying gearing levels; Capital structure theories including relevancy theory, Modigliani Miller's irrelevancy theory, pecking order theory-assumptions, impact and limitations; Portfolio theory and the Efficient Market Hypothesis;

Dividend Policy: Factors influencing dividend decisions; dividend policy theories: Relevancy theory, irrelevancy theory, residual theory, clientele effect, information signalling; Dividend distribution; Bonus shares and share repurchase.

Mergers, Acquisitions and Takeovers: Meaning of Mergers, Acquisitions and Takeovers, Forms of Mergers, Acquisition and Takeovers, Benefits to businesses; financial treatment for deals, Payment and settlement of deals.

As long as companies have conducted business, some have been outstanding successes while others have been dismal failure. Some companies are adept at seizing new opportunities, others watch passively or let them slip through the cracks. Some companies perform well because of good internal management, others barely survive because of inefficiency and misdirected operations. Various researches have been carried out to study reasons why some businesses succeeded and many others failed. The main question was "Why do some organizations succeed while others fail?" In the telecommunication industry, what distinguishes MTN from Airtel? Why have some Banks in Rwanda  outperformed rivals in the banking industry?
The aim of the results drawn from these studies was to provide both practitioners and students with useful tools to successfully manage the survival as well as the growth of a business. Therefore the results enabled to build  assumption that the strategies an organization pursues have major implications upon its performance  relative to that of competitors. Issues such as those currently faced by most organizations are the focus of strategic management 
This module enables postgraduate students conduct environment scanning process to understand the factors/forces that can influence success or failure of the organization and strategize for its future success or failure. A number of strategic management models will be discussed and related issues will be reviewed with scientific readings in support.

this module will enable students to be familiar with different persons from different aspect

this course will equip you to get experience in researh

This course will equip you will experience in research. 

Dear students, this course will equip you with skills in ...