Institute of Commercial Management | Qualification Subject

Capital & Investment

Main Topics of Study

This is not available as a Single Subject.

Main Topics of Study:

  • Sources and employment of capital and debt
  • The concept of equity and its significance in the development of the firm
  • The short-term and long-term roles of capital and debt in strategic planning
  • Investment appraisal and decision-making
  • Analysis and calculation of risk and reward
  • The importance of gearing and the gearing ratio
  • Return on investment and the ROI ratio
  • Net present value
  • Capital structure
  • Maximising firm value versus maximising shareholder value
  • Debt versus equity
  • Dividends and share repurchases
  • The significance of capital and debt and their effect on cash flow and the balance sheet

Recommended Reading

Main Text:

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Corporate Finance: 2nd European edition 2013, Hillier, D., Ross, S., Westerfield, R., Jaffe, J. and Jordan, B., McGraw Hill

Indicative Text:

Alternative Text and Further Reading:

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Business Finance: Theory and Practice. 9th edition, McLaney, E., 2011, Harlow: Prentice Hall