Business Finance course aims at imparting knowledge about the very basic concepts and tools of Business Finance. It emphasizes the importance of Business Finance skills to individuals and enterprises. It deals with the finance function in an organization, the role of the finance manager and the financial environment in which the firm operates. The financial environment covers the understanding of financial and capital markets along with the broad orientation of macro-economic factors affecting the business. The emphasis will remain on developing the skills for planning, appraising and evaluating the investment, financing and operating decisions.
On completion of the course, students will be able to understand:
1. Functions of business finance and finance manager.
2. The basics of finance theory and its applications to corporate financial
3. Analysis of financial statements.
4. Tools and techniques of time value of money for investing decisions.
5. Concepts of risk and return for portfolio management.
6. The principles of capital structure.
7. The concept of cost of capital.
An Overview of Business Finance · Finance a quick look. · Business finance and financial manager. · Forms of business organization. · Goals of business finance. · Agency problem.
Understanding financial statements and cash flows. The balance sheet. The income statement. Taxes. Cash flow
Analyzing the financial statements Standardized financial statements. Ratio analysis. The Du-pont identity. Internal and sustainable growth. Using financial statement information
Week 4 & 5
Time Value of Money · The role and perspectives of the TVM concept · Future values · Present values · The relationship between future and present values · Annuities · Future and present values of cash flows under high compounding frequency · Impact of higher compounding frequency · Inflation and the Time Value of Money
Bond and Their Valuation
· Definition, types and features of bonds · Valuation of bonds (the basic process) · Basic relationships in bond valuation · Bondholder’s expected rate of return · Risks associated with bond returns
Week 7 & 8
Stocks and Their Valuation
· Shares and their basic features · Benefits from a share investments · Price of ordinary shares · Behaviour of expected dividend growth and share price · Price of shares based on earnings · Expected rate of return · Preferred shares and their characteristics · Price of preferred shared and the expected rate of return · Valuing the entire business
Week 9 & 10
Net present value and other investment Criteria
Net present value. The payback rule. The average accounting return. The internal rate of return. The profitability index. The practice of capital budgeting.
Week 11 & 12
Introduction to Islamic Finance.
The concept of: Mudarba, Musharqa, Murabah, Ijarah Comparison with the conventional financial system
Week 13 & 14
Risk and Return
· Expected returns and risk defined · Calculating expected return · Calculating risk (Variance and Standard deviation) · Portfolio expected returns · Portfolio variance and standard deviation · Systematic and unsystematic risk · Diversification and portfolio risk
Week 15 & 16
The Cost of Capital
· The cost of capital concepts · Individual and weighted average costs of capital · Costs of capital and valuation · Capital structure · Capital structure decision (No taxes or other capital market imperfections) · Taxation and capital structure decision · Debt equity ratio, cost of capital and the value of the firm (The MM Propositions) · Optimal capital structure · Costs of financial distress and bankruptcy · The static trade-off theory · The pecking order theory · Personal taxes · Evidence on capital structure determinants
- Teacher: Awon Mehdi
This course is basically designed to provide students the basic understanding of key HRM functions, which include HR planning, recruitment & selection, compensation, performance evaluation, and training & development. Since human resource provides a competitive advantage that ultimately has a vital role in success and effectiveness of any organization, this course emphasizes on the understanding of the basic concepts of managing human resource and their applications in today‟s organizations. The course is designed to help the students understand if western human resource management theories and practices have any relevance to the local settings. The course will also discuss the Islamic perspective of managing human resource. It will shed light on the basic tenets of human resource management given by Qura‟n and Sunnah. The students will also be encouraged to compare and contrast the human resource practices suggested in their text books and the practices critical for achieving success from indigenous perspective.
INTENDED LEARNING OUTCOMESAt the end of this course, students should be able to:
- Demonstrate an in-depth knowledge of the activities and decisions that inform the employment relationship and management including recruitment, selection, training, health and safety, employment laws, motivation, and productivity of employees.
- Understand the relevance of the HRM theories and practices, developed in Western settings, in indigenous cultures.
- Develop and design different forms and memos for recruitment, selection, TNA and performance appraisal of employees
- Understand the Islamic perspective of managing human resource.
- Demonstrate and assess leadership in a professional context, by selecting and appraising appropriate styles for situations, and contributing and discussing relevant expertise, liasing with and assessing professional colleagues, and managing and evaluating a supporting team.
- Identify and discuss ethical implications of situations and decisions, and develop appropriate professional stances.
- Participate in selection of personnel using psychometric assessment techniques.
- Conduct internal research on HR-related problems at work, and communicate results effectively to colleagues and peers.
- Understand the difference between HRM theories, their relevance and application from indigenous context.
- Teacher: Rafia Yasmeen
COURSE DESCRIPTIONThis course is designed to give an overview of the principles and methods of business research: identification of research question, development of theoretical framework and model, securing the respondents, making a test investigation, sampling, collecting data, types and errors of collected data, tabulating and analyzing the information, interpreting the findings and stating the conclusion through a series of class projects. Practical experience is offered to the students on how research techniques and procedures are applied to solve the business problems. This course is also designed to encourage the students to explore the application of theories that have been predominantly developed in Western cultures by using different research method techniques. An understanding of the relevance of Western research for local practice would help students to explore various business related problems and their plausible solutions from indigenous perspective. The course will also help the students in understanding the importance of the business research as a management decision tool and in dealing with various business- related theoretical and applied problems.
INDENTED LEARNING OUTCOMES
At the end of this course, the students should be able to
- Recognize the importance of research as a first step in Business Studies.
- Translate basic/applied business issues into appropriate academic research questions.
- Understand the links between the issues being investigated and the method of investigation.
- Understand the relevance of Western research in providing solutions to the local managers by investigating the dominant theories business education.
- Understand the governing principles in the qualitative and the survey research traditions, the merits and limitations of each, and of their independent and supporting roles in business contexts.
- Use different software for statistical analysis and interpretation including SPSS, Amos, and E-Views etc.
- Understand and apply the skills required to design and conduct research studies using qualitative and/or survey methods.
- Acquire the ability to interpret research results and establish the substantive meaning and implications of the findings for managerial practice
- Teacher: Ahmad Buzdar
Marketing Management is a course that examines the role and importance of marketing in the firm and other organizations. We will cover topics such as marketing plans/strategies, marketing research, market segmentation, retailing, advertising, pricing, Internet marketing, etc. You will find the course interesting and informative. Keep on top of the work. All the best.
- Teacher: Iqra Munir