Lecture Notes On Financial Management

ACC 415 FINANCIAL MANAGEMENT 4 INTRODUCTION You are holding in your hand the course guide for ACC415 (Financial Management). The purpose of the course guide is to relate to you the basic structure of the course material you are expected to study as a B.Sc. Accounting Student in National Open University of Nigeria. Like the name course guide implies, it is to guide you on what to expect from the course material and at the end of studying the course material. COURSE CONTENT The course content consists basically of issues relating to how finance is managed in various organisations. COURSE AIM The aim of the course is to bring to your cognizance the theoretical and practical tools used in financial management and how issues relating to financial management are handled. COURSE OBJECTIVES At the end of studying the course material, among other objectives, you should be able to: Define and explain strategic financial management; State the two broad categories of strategic financial decisions that are normally made by the financial managers of an organisation; Mention some of the alternative courses of action (strategies) that are available to the company and capable of achieving the organisation's financial objectives; State some other