Thompson Rivers University 50th Anniversary
Thompson Rivers University 50th Anniversary

FNCE 2121: Financial Management

Students develop a basic understanding of business finance which deals with how organizations effectively manage their operating and fixed assets and fund them with an optimal mix of debt and equity financing. Topics include financial statement analysis; financial forecasting; working capital management and short-term borrowing; valuing financial assets; cost of capital; capital budgeting and risk; capital markets and sources of long-term financing; dividend policy; and foreign exchange.


By the time students finish their work on this course, they should be able to:

  • Interpret and create standard financial statements.
  • Perform financial statement analysis for the purposes of evaluating and forecasting in financial management.
  • Evaluate a firm's working capital position.
  • Manage the components of working capital to minimize the cost of carrying current assets and the cost of short-term borrowing.
  • Estimate the components of cost of capital by applying time value of money principles.
  • Perform net present value analysis for capital budgeting purposes.
  • Evaluate risk in the capital budgeting process.
  • Demonstrate how the capital markets of Canada impact on a firm's ability to raise funds.
  • Evaluate the cost of debt, preferred stock, and common stock as sources of capital.
  • Evaluate a firm's dividend policy.
  • Recognize the foreign exchange implications involved in international financial management.

Course outline

  • Module 1: What Is Financial Management and What Can It Do For Me?
  • Module 2: How Can Financial Ratio Analysis Help Me Make Better Decisions?
  • Module 3: Time Value of Money
  • Module 4: How Do I Value My Financial Assets?
  • Module 5: What is the Required Rate of Return on an Investment?
  • Module 6: How Should I Evaluate My Investment Choices?
  • Module 7: Applications in Capital Budgeting.

Required text and materials

Students enrolling in this course will need to source the following textbook on their own:

Block, S.B., Hirt, G.A., & Short, J.D. (2015). Foundations of Financial Management. (10th Canadian ed.). Toronto, ON: McGraw-Hill Ryerson Ltd.
Type: ISBN-13: 978-1-25-902497-9

Additional requirements

You will need a non-programmable financial calculator for this course.


To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course, and 50% or higher on the final mandatory exam.

Assignment 1 6%
Assignment 2 6%
Assignment 3 7%
Assignment 4 7%
Assignment 5 7%
Assignment 6 7%
Final Exam * 60%
TOTAL 100%

* Mandatory

Open learning faculty member

AAn Open Learning Faculty member is available to assist students. Primary communication is through the Learning Environment's "Mail" tool. Students will receive the necessary contact information when starting the course.

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