Introduction
The module instils the notion of capital budgeting in participants; namely, the analysis of cash flows, risk, and the financial aspects involved in project evaluations. Other important topics covered are debt vs. equity financing and corporate valuation models.

Learning Outcomes
Upon the successful completion of the module, students will be able to:

• understand the role of the finance manager within the firm
• understand core concepts such as present values, objectives of the firm
• explain the process of investment decision making
• calculate the value of stocks and bonds
• understand the concept of risk, and its relationship with expected return
• measure risk and demonstrate that knowledge through problem solving
• apply the theories of risk measurement to the capital budgeting decision process
• understand various securities issued by a company,
• determine the appropriate level of debt financing for a firm
• set a suitable dividend policy