TYBAF/SEm VI/ syllabus

v  Ty baf: 3.6.3 financial management – paper iii

.1              Financial policy and corporate strategy (10 lectures)

.1.1              Meaning of strategic financial management

.1.2              Strategic financial decision making framework

.1.3              Functions of strategic financial management

.1.4              Financial planning

.2              Security analysis (15 lectures)

.2.1              Fundamental analysis –

.2.1.1              meaning,

.2.1.2              dividend growth model

.2.1.3              PE multiple

.2.2              Industry analysis –

.2.2.1              factors affecting industry analysis,

.2.2.2               techniques used industry analysis,

.2.2.3              company analysis

.2.3              Technical analysis –

.2.3.1              meaning ,

.2.3.2               general principles and methods,

.2.3.3               the dow theory,

.2.3.4               market indicators

.2.4              Bond valuation –

.2.4.1               introduction ,

.2.4.2               bond valuation model ,

.2.4.3              bond value theorems ,

.2.4.4              yield to maturity bond values with semi-annual interest

.3              Dividend decisions (15 lectures)

.3.1              Introduction of dividend policy

.3.2              Practical considerations in dividend policy

.3.3              Theories on dividend policy,

.3.3.1              traditional position,

.3.3.2              walter approach, 

.3.3.3              gorden growth approach

.3.3.4              Modigilani and miller hypothesis

.4              Mutual funds (10 lectures)

.4.1              Introduction

.4.2              Classification of mfs             

.4.3              Evaluating performance mfs,

.4.3.1              nav,

.4.3.2              costs incurred by mfs,

.4.3.3              holding period return

.4.4              Criteria for evaluating the performance,

.4.4.1              sharpe ratio,

.4.4.2               treynor ratio,

.4.4.3               jensen’s ratio

.5              Portfolio theory (10 lectures)

.5.1              Activities in portfolio management

.5.2              Objectives of portfolio management

.5.3              Theories,

.5.3.1              traditional approach,

.5.3.2              modern approach

.5.4              Portfolio analysis