CPA-3-Financial-Management
| Institution | KASNEB |
| Course | CPA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | stephen |
| File Type | |
| Pages | 205 Pages |
| File Size | 1.15 MB |
| Views | 1792 |
| Downloads | 0 |
| Price: |
Buy Now
|
Description
Financial Management is a discipline concerned with the generation and allocation of scarce resources (usually funds) to the most efficient user within the firm (the competing projects) through a market pricing system (the required rate of return). A firm requires resources in form of funds raised from investors. The funds must be allocated within the organization to projects which will yield the highest return. We shall refer to this definition as we go through the subject.
1. 2 Required Rate of Return (Ri)
The required rate of return (Ri) is the minimum rate of return that a project must generate if it has to receive funds. It’s therefore the opportunity cost of capital or returns expected from the second best alternative. In general, Required Rate of Return = Risk-free rate + Risk premium
Below is the document preview.
COMPUTER FORM 1 NOTES
Trending!
UPDATED NOTES ON COMPUTER STUDIES
95 Pages
2605 Views
0 Downloads
1.44 MB
COMPUTER FORM2 NOTES
Trending!
UPDATED NOTES ON COMPUTER STUDIES FORM2
139 Pages
3054 Views
1 Downloads
2.61 MB
COMPUTER FORM1-4 NOTES
Trending!
UPDATED NOTES ON COMPUTER FORM1-4
20 Pages
3141 Views
1 Downloads
649.32 KB
CHEMISTRY NOTES FORM 1-4
Trending!
UPDATED CHEMISTRY NOTES FORM1-4
806 Pages
3553 Views
15 Downloads
9.24 MB
BIOLOGY NOTES FORM 1-4
Recommended!
Trending!
UPDATED BIOLOGY NOTES FORM 1-4
412 Pages
13210 Views
42 Downloads
15.04 MB
GEOGRAPHY NOTES FORM 1-4
UPDATED NOTES ON GEOGRAPHY NOTES FORM 1-4
468 Pages
457 Views
2 Downloads
4.85 MB