Financial Management (5cr)

Evaluation scale

0-5

Objective

The course aims to help you understand, explore, and analyze multiple financial aspects in the corporate sector. The emphasis is on understanding conceptual aspects, and their practical applications from the point of view of investors, and finance managers, in the field of corporate risk management, quantitative financial analysis, investment analysis, corporate finance, international finance, accounting information analysis, strategic management accounting, financial forecasting, financial institutions and markets, personal finance, etc.

At the end of the course, you will develop the following Intended Learning Outcomes (ILOs):

Skills in Critical and Analytical Understanding (IBCRI)- Critically review, analyze, and understand the information available from academic and professional business sources.
You can identify, outline, master, analyze, and synthesize the core financial concepts at the firm-level as well as global level with respect to financial structure, fundamentals of risks and return, dynamics of wealth management and asset prices, investment appraisal, sustainable finance, the board of directors dynamics, etc. You are encouraged to analyze the core financial concepts and to synthesize them into coherent financial information and its implications.

Applied Business Skills (IBBUS)- Apply disciplinary and interdisciplinary knowledge to analyze business challenges and global trends to propose or put into action practical business solutions based on the findings.
You can gather, analyze, and apply financial data, for example, in the context of portfolio management and capital structure, and make interpretations and draw inferences by applying diverse and interdisciplinary knowledge. You will outline and evaluate the key patterns and trends in the asset portfolios, and interpret and infer diverse financial aspects in the light of a dynamic global business environment comprising investors’ background, institutional settings, attitudes and behaviors of investors, policies, rules, regulations, technical specifications, and legal practices. You will also develop your intellectual skills concerning micro, and macro-financial policies from the multiple stakeholders’ perspectives and understand the major variables that make up the financial structure of the firms and their interactions with the corporate strategic decision-making and business operations. You will understand and underpin the factors emanating from the financial activities of the firms and global financial developments, risks, and challenges that affect business operations, strategies, and planning. By doing so, you can enhance your decision-making skills by finding solutions based on your findings, concerning financial management in the context of a complex business scenario.

Intercultural Collaboration Skills (IBCOL)- Demonstrate intercultural teamwork, leadership, and conflict resolution skills.
You will be able to work, cooperate, and coordinate your classmates who are having diverse cultural backgrounds. You will enhance your teamwork skills, the spirit of ownership of responsibilities, and making distribution of tasks in an equitable manner, as well as motivate and encourage other group members and learn from each other.
Furthermore, ILOs aim to enable you to
-understand the concept and principles of sustainable development in the context of business,
-recognize sustainability challenges and their consequences for businesses, local communities, and global society,
-use your accumulated knowledge and skills to create and implement sustainable solutions to solve business problems.
You develop your intellectual capabilities to seek conclusions and draw inferences in an international environment to become a responsible manager. You develop creative and insightful solutions to solve complex business problems both in the present and the future with explicit emphasis on local and international standards of ethics, responsibility, and sustainability and implications on various stakeholders.
To achieve this ILO, you will:
-study developments in your discipline in the international learning milieu and understand various aspects of responsible business management, including global business trends and competitive landscape.
-derive and interpret new evidence and compare it with the existing body of knowledge in the global context to draw useful inferences,
- critically assess the implications of actions and decisions of the international organisations.
-understand the impact of the actions and decisions on the community, in general, and specific stakeholders, in particular.
-understand core aspects of people management in the international business environment.

Execution methods

The primary modes of delivery are face-to-face learning (lectures, workshops, presentations). The course is strictly in-classroom, and the number of unauthorized absences exceeding two can lead to cancellation of course enrollment.

Content

Corporate risk management, quantitative financial analysis, investment analysis, corporate finance, firm leverage and cost of capital, international finance, accounting information analysis, corporate valuation, investment appraisal, strategic management accounting, financial forecasting, sustainable finance, wealth management, behavioral finance, financial technology (FINTECH), financial scandals, executive remuneration financial institutions and markets etc.

Location and time

Autumn-Spring semester of each academic year

Materials

Course Material:
Lecture slides, case studies, spreadsheets, textbooks, research articles, videos, assignments, online resources etc. Please check learning platform on regular basis.

Core books
-Richard A. Brealey, Stewart C. Myers and Franklin Allen, Principles of Corporate Finance, 13th Edition (2019). The McGraw-Hill.
- Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan, Corporate Finance, 12th Edition (2018). The McGraw-Hill.
- Jonathan Berk and Peter DeMarzo, Corporate Finance, 5th Edition (2020). Pearson.

Other books
-Mark Grinblatt and Sheridan Titman, Financial Markets & Corporate Strategy
- Glen Arnold, Corporate Financial Management
- Stephen Lofthouse, Investment Management
- Jeff Madura, International Financial Management
-Or any other text on introductory Financial Management


On-line sources
• https://www.youtube.com/channel/UCeZf5FUwF9LrvdnjXhiCGKQ/videos
The above channel is run by the lecturer himself.
• https://www.investing.com/indices/uk-100-historical-data
• https://uk.finance.yahoo.com/
• https://finance.yahoo.com/
• http://www.nasdaqomxnordic.com
• http://www.worldbank.org/
• http://www.oecd.org/
• https://www.bloomberg.com
• https://www.reuters.com/finance
• https://www.bbc.com/news/business
• http://ssrn.com
• http://www.imf.org
• http://www.ifc.org

Teaching methods

In-classroom and occasionally online. This is an in-classroom course. Attendance is mandatory. Unauthorized absences exceeding two can lead to removal from the course.

Exam schedules

At the end of each semester.

International connections

Projects in collaboration with international partner universities. Possibility of corporate projects.

Completion alternatives

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Bachelor's Degree study guide.

Student workload

You will be required to required to invest 135 hours approximately and the break up of the total time is as below:
Lectures: 40 hours
Workshop: 15 Hours
Assignment Preparations: 20 Hours
Examination Preparations: 50 Hours
Miscellaneous: 10 Hours

Assessment criteria, satisfactory (1)

Items of Assessment:

1. Group Assignments (90%): Group Assignment (4-5 students) including report (word), calculations (excel) and presentation

2.Attendance and In class Activity / Discussion Forum activity (10%)

You will get a grade of ‘one' or 'two' if you are able to demonstrate a basic level of evidence in the following ILOs:
Skills in Critical and Analytical Understanding (IBCRI)
Applied Business Skills (IBBUS)
Intercultural Collaboration Skills (IBCOL)

Assessment criteria, good (3)

Items of Assessment:

1. Group Assignments (90%): Group Assignment (4-5 students) including report (word), calculations (excel) and presentation

2.Attendance and In class Activity / Discussion Forum activity (10%)

You will get a grade of ‘three' of 'four' if you are able to demonstrate a good level of evidence in the following ILOs:
Skills in Critical and Analytical Understanding (IBCRI)
Applied Business Skills (IBBUS)
Intercultural Collaboration Skills (IBCOL)

Assessment criteria, excellent (5)

Items of Assessment:

1. Group Assignments (90%): Group Assignment (4-5 students) including report (word), calculations (excel) and presentation

2.Attendance and In class Activity / Discussion Forum activity (10%)

You will get a grade of ‘five’ if you are able to demonstrate an excellent level of evidence in the following ILOs:
Skills in Critical and Analytical Understanding (IBCRI)
Applied Business Skills (IBBUS)
Intercultural Collaboration Skills (IBCOL)

Qualifications

First year studies or Financial Accounting and Management Accounting completed

Further information

Exchange and Study Abroad students: 30 (included in the total capacity)