The ACC501 – Business Finance book is the major book for students at Virtual University studying in the field of finance. It explains critical concepts and applications of business finance and hence will arm students with the ability to succeed in both academic and professional fields.
ACC501 introduces students to important principles in finance, time value for money, financial markets, and sources of financing open to businesses. This course first revisits the basic concepts associated with financial management and then outlines how these principles bring about each organizational decision concerning its current and future investments’ performance. Will also enable the student to appreciate the importance of financial planning, budgeting, and forecasting in keeping one’s finances healthy.
The other core subject under ACC501 is the treatment of capital budgeting. This contains detailed assessment and selection of long-term investment together with its use of discounted cash flow such as NPV and IRR. This will also show how to ascertain the risk of investment projects so as to come up with the best financial decisions.
Proceeding to ACC501, the book takes care of capital structure and identifies the mix of debt and equity financing that a company uses in financing its operation. This will enable the student to understand the cost of capital, trade off between risk and return, and finally find out about determining the optimal capital structure for business.
Other than the core topics noted, the working capital management sections of the book relate to managing short-term assets and liabilities of a firm in such a manner that both liquidity and efficient operation are well assured. The book treats in detail strategies used in managing cash, inventory, and receivables—important areas for a company to remain effective in operations.
The ACC501 book also gives more advanced topics, including financial markets, international finance, and the impact of global economic factors on business finance. This will enable the student to understand how markets work, the role of interest rates, and the complexities of financing in a global context.
The theoretical concepts are explained in a very effective manner. Then, in each chapter or unit, related real-life examples, case studies, and practical applications are given so that the students can put into practice the theoretical knowledge that they have acquired. The book ACC501 also contains practice problems and exercises to test students’ understanding of the important concepts and to develop problem-solving skills.
This textbook will provide ACC501 students with the foundations of finance, both theory and practice, to pursue in the future different careers in financial analysis, investment banking, and corporate finance-related areas.
Order the book now from our VU Bookshop Online. Improve your studies at Virtual University with ACC501 – Business Finance.