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GREAT LAKES INSTITUTE OF MANAGEMENT
Chennai, India
FM I
July/August 2009

COURSE FACILITATOR: Dr. Narendar V. Rao, MBA, Ph.D., CFM, CMA, CBM
Professor of Finance, Northeastern Illinois University, Chicago, Illinois, USA
CLASS MEETS: July 9, 10, 11, 13, 15, 17, 19, 30, August 1, 8
OFFICE HOURS: One-on-one meetings by appointment only
PHONE NUMBER: 97909 06510
E-MAIL: nvrao13@gmail.com


OBJECTIVES
The main objective of any business activity is to create value to its stake holders. Therefore, creating value is the central task of any manager, but it requires a strong understanding of financial management. You need to understand the strategic factors that build value and those that erode it. Every strategic decision you make has implications for value creation. But to understand these strategic implications, you need to gain a deeper understanding of finance.

This course provides a broad exposure to the principles and techniques of Financial Management. This course is designed for business professionals without prior academic exposure to Financial Management. It examines the responsibilities of the corporate financial manager, and the nature of financial decision making in the context of a public corporation. This course will address the three fundamental decisions that corporate financial mangers make: the investment decision, and the financing decision, and the payout decision.

The course consists of eight modules. The first module starts with an introduction including a discussion of the importance of shareholder value creation. The second module discusses the core time value of money concepts, the third module focuses on the process of diagnosing the profitability, risk, and growth of a company, the fourth module focuses on Cost of Capital, the fifth on Capital Structure, the sixth module discusses Payout Policy, the seventh provides an overview of Capital Budgeting Techniques, while the eighth addresses Market Efficiency.

Module 1: Creating Value for Shareholders
Module 2: Time Value of Money
Module 3: Ratio Analysis and the Diagnosis of Profitability, Risk, and Growth
Module 4: Cost of Capital
Module 5: Capital Structure