By the end of this course, you should be able to:

• Provide a comprehensive explanation of the functions performed by financial management, including its roles in planning, organising, directing, and controlling financial resources to achieve organisational goals effectively.
• Clarify the concept of the time value of money, understanding its fundamental principle that money available today is worth more than the same amount in the future due to its potential earning capacity or interest.
• Demonstrate the ability to calculate present values and future values of both lump sum investments and annuities, employing appropriate financial formulas and techniques to determine the worth of cash flows over time.
• Provide a detailed explanation of financial statements, understanding their purpose, components, and importance in communicating the financial performance and position of an entity to stakeholders.