Objectives and competences
Main course objective is to acquaint students with concepts of modern corporate finance and financial management,, clarification of teoretical framework and in continuation its applicative use on different case studies and practical analysis of best business practice. Transferable/Key Skills and other attributes: Understanding and use of discussed subject with ability of problem analysis and profound systematic consideration.
Content (Syllabus outline)
This course is an introduction to Financial Management, approached from the view of a general manager. The objective of the course is to provide you with the conceptual and practical framework necessary to evaluate the financial impact of operating decisions. Readings, case analysis, and problem sets focus on the basic tools used by financial analysts and financial decision makers. The course is devoted to the two basic financial problems that all companies face: (1) On what should funds be spent and what are risks and returns of those decisions (investment decisions and capital budgeting) (2) From where should funds be obtained, what should be their structure and what are their costs (i.e., optimal capital structure and cost of capital). In this course, we consider such topics as financial statement analysis, financial planning, financial instruments and investments decisions valuation, estimating and using the capital structure and cost of capital in practice, understanding the differences among financing alternatives, understanding financing decisions, and valuation of an operating business.
Learning and teaching methods
Common lectures
AV presentations
Case studies
Team work with active participation
Intended learning outcomes - knowledge and understanding
Knowledge and understanding:
Knowledge base: Students acquire depth and systematic understanding of knowledge in area of corporate finances and can work with theoretical background at the field of financial management and research-based knowledge at the forefront of their academic discipline. Ethical issues: has the awareness and ability to manage the implications of ethical dilemmas and work pro-actively with others to formulate solutions. Disciplinary methodologies: Student acquire sufficient insight in to corporate finance and understanding of fundamentals techniques financial management that are applicable to his own work area.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Analysis: with Student is able to criticaly asses and undertake analysis of complex or contradictory areas of knowledge and in continuation communicating the outcome effectively. Synthesis: with critical awareness, can synthesise information in a manner that may be innovative, utilising knowledge or processes from the discipline. Evaluation: has a level of conceptual understanding that will allow her/him critically to evaluate research, advanced scholarship and methodologies and argue alternative approaches. Application: can demonstrate initiative and originality in problem solving. Can act autonomously in planning and implementing tasks at a professional or equivalent level, making decisions in complex and unpredictable situations
Key/Transferable skills
Learning resources: is able to use full range of learning resources. Autonomy: is an independent and self critical learner, guiding the learning of others and managing own requirements for continuing professional development.
Problem solving: has independent learning ability required for continuing professional study, making professional use of others where appropriate
Practical skills:
Technical expertise: has technical expertise, performs smoothly with precision and effectiveness; can adapt skills and design or develop new skills and/or procedures for new situations.
Readings
Ross, S.A., Westerfield, R.W., Jaffe, J.(2015) Corporate finance, 11th ed., McGraw-Hill Education
Brealey, R., Myers, S. and Marcus, A. (2018). Fundamentals of corporate finance. New York: McGraw-Hill Ed.
Berk, J., DeMarzo, P. and Harford, J. (2018). Fundamentals of Corporate Finance, Global Edition. Harlow, United Kingdom: Pearson Education Limited.
Damodaran, Aswath, Corporate finance: Theory and practice, spletna izdaja; http://pages.stern.nyu.edu/~adamodar/
Additional information on implementation and assessment • Written examination
• Seminar work
Student passes the exam, when each part of the examination is evaluated as positiv.
