BUSINESS FINANCE. Part 1 (Chapter 1-4)

Abstract

This module was created to introduces students to the subject of finance with a view to provide students with knowledge that can be developed in the financial specialism in a diploma programme. The goal of this module is to illustrate the basic financial decisions that finance managers face on a daily basis to students; to provide basic knowledge and understanding of what finance is and to engage students with the type of decision-making expected of those who are pursuing a career in this field. Business finance exposes students to the concepts of finance and methods used to manage an organization's financial planning. Basic finance theories and concepts are discussed as a benchmark in order to make financial decisions based on the financing and investment aspects in the short and long term. Besides that, financial analysis is used to analyze the financial positions of an organization. This module consists of seven chapters which is parallel to the syllabus prescribed by the Department of Polytechnic Education, Ministry of Higher Education of Malaysia and suitable used as a reference book for Polytechnic students pursuing business management course especially Diploma in Business Studies. Each chapter begins with learning outcomes and ends with the example of problem solving questions and past final exam questions. The effectiveness of this module has been tested where students are required to answer the questionnaires that have been distributed about the effectiveness of using this business finance module. The results showed that 93% of the students agreed that this module helped them in mastering this course while the remaining 7% answered neutral. Key words: business finance, financial decisions, investment