This module examines why accounting profits alone are insufficient for business sustainability. Students learn to evaluate business performance through rates of return on capital and understand the requirements of capital providers. The module explores the importance of monitoring investments based on capital returns rather than just profit amounts.

This module focuses on the time value of money and its importance in financial decision-making. Students learn how to use discounted cash flow (DCF) techniques including future value, present value, and net present value to evaluate projects while considering both the timing and amounts of forecast cash flows.

This module covers advanced discounted cash flow techniques that produce percentage results rather than monetary values. Students learn to calculate and interpret internal rate of return (IRR) for project evaluation, understand yield in financing contexts, and measure total shareholder return (TSR) as a key performance indicator.

This module explores various valuation techniques for businesses and assets. Students learn about DCF analysis for enterprise valuation, market capitalization calculations, multiples valuation using PE ratios and EBITDA, and the differences between market values and book values including why they often differ substantially.

This module examines strategies for growing corporate value through sustainable growth of future cash flows and risk management. Students learn about enhancing shareholder value through better capital management and working capital optimization while also considering the interests of a broader range of stakeholders beyond shareholders.