Establishing a management plan: Developing a superior long term plan for the management of the company; incorporating flexibility in revising the plan quickly in response to changes in the environment; managing company‘s assets, liabilities, revenues and costs; and making investment decisions that can result in value gain. Developing Pro Forma financial statements: Develop skills in developing budgeted financial statements based on current performance and future management plans, use the financial plans to evaluate different strategies, and select a few of them that are most likely to maximize shareholder wealth. Working capital management: Highlight the importance of working capital decisions and its impact on firm value, minimizing the combination of carrying and stock out costs of cash, dynamic management of investment in marketable securities, inventory, etc. Capital budgeting analysis: Review procedures and theory underlying capital budgeting decisions, impact of demand-supply scenario in investment decisions, identifying appropriate cash flows (both new as well as savings) that need to be used in decision making, impact on flexibility of future operations. Capital structure decisions: Optimal capital structure, concept of cost of capital, weighted average cost of capital, debt financing and tenure of loans, capital issues (common stock, preference stock, and debt) and buy-back, dividend payout, impact of these capital structure decisions on flexibility of future operations. Inter-relationships between financing and other decisions: Capacity and production decisions, pricing strategy, customer discounts, advertising decisions, impact on adverse business conditions on firm performance, an integrative view of the different types of decision making in a corporate setting.