This course emphasizes on the management of current assets and current liabilities. It examines the various components of working capital, how they interact with one another, and how they affect firm liquidity, default risk and shareholder wealth. The course will build on the principles of financial management and will apply the principles and concepts of financial theory to problems and decisions associated with short-term (working) capital. The objective will be to use working capital optimally and ultimately to maximize shareholder wealth.
In this course, students will be introduced to taxation with emphasis on the various sections of the Income Tax Act and how these laws and regulations apply in the preparation of personal and business tax returns. This course builds a solid foundation in the fundamental concepts in taxation including the definition of income, the computation of tax liability, exclusions from income, basis and deductions available for individuals and businesses in computing taxable income.
This course is all about financial and economic appraisal of projects. It is both specific and technical, with enough theory to understand the financial and economic processes involved in such an appraisal, but the emphasis is on practice, with some critique of the methods involved. It develops a foundation of concepts and solutions that supports the planning, scheduling, controlling, resource allocation, and performance measurement activities required for successful completion of a project.
This course helps students understand the very important aspect of recognizing cost and its implication on profits. It explains how to determine cost and establishes the selling prices, and calculates profits. Details of cost center profit center etc. will be studied; the knowledge of the working of the costing section and their analysis of cost and profits will be imparted. It focuses on the Role of management accountant in financial statement analysis, relationship between cost -volume -profit, funds and cash flow, depreciation, budgetary control, standard costing and variance analysis.