2023/2024

Финансовый менеджмент: финансовый анализ и новые бизнес-модели

Статус: Маго-лего

Кто читает: Департамент финансового менеджмента

Когда читается: 1, 2 модуль

Охват аудитории: для своего кампуса

Преподаватели: Войко Александр Вячеславович, Волков Юрий Владимирович

Язык: английский

Кредиты: 6

Контактные часы: 48

Course Syllabus

Abstract

The discipline of Financial management: financial analysis and new business models consists of theoretical and applied sections, the study of which is necessary for students to acquire knowledge and skills in the field of financial reporting analysis, financial management. Within the framework of this course, the theoretical foundations of financial management and practical features of financial analysis are revealed, the content of the methodology for analyzing the financial situation of companies in such main areas as liquidity analysis, profitability, asset and liability management, ensuring effective management decisions in the business environment, is considered.

Learning Objectives

• Formation of students' complex of knowledge about modern directions of development of theory and practice of financial management • Understanding of approaches to managing the company's value • Knowledge of the main financial instruments and methods of managing the company's capital structure • Ability to assess the current and forecast financial condition of the company, to develop and analyze solutions for asset management and sources of their financing

Expected Learning Outcomes

• Student knows how to choose organizational and managerial decisions and assess the conditions and consequences of decisions based on financial calculations
• Student knows the specifics of the formation of financial statements of companies taking into account the specifics of the business
• Student evaluates the effectiveness of implemented business models based on financial analysis techniques
• A student is capable to calculate the economic effect of financial decisions taken taking into account the time value of money and risk factors
• A student can calculate the cost of capital and the amount of cash flow for the evaluation of investment projects
• Analysis and selection of investment projects in conditions of limited financial resources
• A student is able to calculate the effectiveness of the company's value management, taking into account the company's financial strategy
• Knows the main tools of the company's value management and the results of their application

Course Contents

• Financial management concepts
• Information support of financial analysis
• Financial analysis of the effectiveness of the business model
• Making short-term financial decisions
• The company's capital structure
• Making investment decisions
• Company Value Management Tools

Assessment Elements

• Домашнее задание
  Студенты получают 3 задания для групповой работы. Группы по 4-5 чел. Состав групп меняется на протяжении курса обучения. 1. расчетное задание на расчет и анализ основных финансовых показателей вес 0.2 2. кейс на финансовый анализ одной из компаний новой бизнес модели вес 0.2 3. кейс расчет финансовых показателей криптоэкономики вес 0.3 кейсы выполняются группами. необходима презентация результатов на 5-7 слайдов. на семинарском занятии каждая группа делает доклад своего кейса продолжительностью 8-10 минут
• Экзамен
  Подробная информация о порядке проведения экзамена будет направлена студентам дополнительно.

Interim Assessment

• 2023/2024 2nd module
  0.7 * Домашнее задание + 0.3 * Экзамен

Bibliography

Recommended Core Bibliography

• Alexander Osterwalder, & Yves Pigneur. (2010). Aligning Profit and Purpose Through Business Model Innovation. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.518B3EE4
• Alexander Osterwalder, Yves Pigneur, & Christopher L. Tucci. (2005). Clarifying Business Models: Origins, Present, and Future of the Concept.
• Alexander, G. J., Sharpe, W. F., & Bailey, J. V. (2012). Fundamentals of investments. Slovenia, Europe: Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.C1BEBDC4
• Approaching business models from an economic perspective, Wei, W., 2013
• Basic finance : an introduction to financial institutions, investments, and management, Mayo, H. B., 2007
• Brian Pinder-Ayres. (2019). Financial Management. [N.p.]: RIBA Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2236627
• Business model generation : a handbook for visionaries, game changers, and challengers, Osterwalder, A., 2010
• Business taxation and financial decisions, Schanz, D., 2011
• Corporate finance and investment : decisions and strategies, Pike, R., 2012
• Damodaran, A. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset (Vol. 3rd ed). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442924
• EVA and value-based management : a practical guide to implementation, Young, S. D., 2001
• Finance for executives : managing for value creation, Hawawini, G., 2011
• Financial analysis with Microsoft Excel, Mayes, T. R., 2012
• Financial management : theory and practice, Brigham, E. F., 1997
• Financial management, Knott, G., 2004
• Fundamentals of investments, Alexander, G. J., 2001
• Guide to business modelling, Tennent, J., 2005
• Guide to financial management, Tennent, J., 2008
• Hansen, H. (2009). CAPEX Excellence : Optimizing Fixed Asset Investments. Chichester, U.K.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=290261
• Jagmohan Negi, & Gaurav Manoher J. (2012). Financial Management and Investment Decisions. [N.p.]: Laxmi Publications Pvt Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1909332
• Merna, T., & Al-Thani, F. F. (2008). Corporate Risk Management (Vol. 2nd ed). Chichester, England: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=323307
• Osterwalder, A., & Pigneur, Y. (2013). Designing Business Models and Similar Strategic Objects: The Contribution of IS. Journal of the Association for Information Systems, 14, 237–244. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=89299515
• Población García, F. J. (2017). Financial Risk Management : Identification, Measurement and Management. Cham: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1292890
• Sherman, E. H. (2015). A Manager’s Guide to Financial Analysis : Powerful Tools for Analyzing the Numbers and Making the Best Decisions for Your Business: Vol. Sixth edition. AMA Self-Study.
• Wolke, T. (2017). Risk Management. München: De Gruyter Oldenbourg. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1630319
• Zott Christoph, & Amit Raphael. (2017). Business Model Innovation: How to Create Value in a Digital World. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.66E8A105

Recommended Additional Bibliography

• A student's quick guide to Understanding and calculating time value of money and its applications, Hafer, R., 2007
• Allegretti, S., Seidenstricker, S., & Kasseckert, A. (2018). Factors for Success in Business Model Innovation. Journal of Strategic Innovation & Sustainability, 13(5), 10–42. https://doi.org/10.33423/jsis.v13i5.158
• Berger, P. G., Ofek, E., & Yermack, D. L. (1997). Managerial Entrenchment and Capital Structure Decisions. Journal of Finance (Wiley-Blackwell), 52(4), 1411–1438. https://doi.org/10.1111/j.1540-6261.1997.tb01115.x
• Borghesi, R., Houston, J. F., & Naranjo, A. (2014). Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. Journal of Corporate Finance, (C), 164. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.corfin.v26y2014icp164.181
• Brick, I. E., Frierman, M., & Kim, Y. K. (1998). Asymmetric Information concerning the Variance of Cash Flows: The Capital Structure Choice. International Economic Review, (3), 745. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ier.iecrev.v39y1998i3p745.61
• Business models : a guide for business and IT, Kilov, H., 2002
• Business models : A strategic management approach, Afuah, A., 2004
• CAPEX excellence . Optimizing fixed asset investments, Hansen, H., 2009
• Capital investment and financial decisions, Levy, H., 1994
• Capital mobility : the impact on consumption, investment and growth, , 2010
• CFROI valuation : a total system approach to valuing the firm: cash flow return on investment, Madden, B. J., 2003
• Christoph Zott, & Raphael Amit. (2006). Exploring the fit between business strategy and business model: Implications for firm performance. Working paper. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.FF466C
• Driving your company's value : strategic benchmarking for value, Mard, M. J., 2004
• Essentials of investments, Bodie, Z., 1998
• Fabozzi, F. J., & Peterson, P. P. (2003). Financial Management and Analysis (Vol. 2nd ed. Frank J. Fabozzi, Pamela P. Peterson). Hoboken: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=91823
• Filbeck, G., & Baker, H. K. (2015). Investment Risk Management. New York, NY: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=910371
• Financial analysis: collection of case studies: Учебное пособие / Казакова Н.А., Дун И.Р., Бобкова М.П. - М.:НИЦ ИНФРА-М, 2018. - 54 с.: 60x90 1/16 ISBN 978-5-16-106744-4 - Режим доступа: http://znanium.com/catalog/product/972205
• Financial management : principles and practice, Gallagher, T. J., 1997
• Financial management for decision makers, Atrill, P., 2012
• Ligia MUNTEAN JEMNA. (2016). Qualitative And Mixed Research Methods In Economics: The Added Value When Using Qualitative Research Methods. Journal of Public Administration, Finance and Law, (9), 154. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.aic.jopafl.y2016v9p154.167
• Myers, S. C., & Majluf, N. S. . 1945. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.mit.sloanp.2068
• Pedro Juan García-Teruel, & Pedro Martínez-Solano. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, (2), 164. https://doi.org/10.1108/17439130710738718?utm_campaign=RePEc&WT.mc_id=RePEc
• Pinto, C. A. (2015). Operational Risk Management. [N.p.]: Momentum Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1048971
• Practical introductions to advanced financial analysis. Workbook1: Introduction to off balance sheet financing, , 1996

Authors

• VOLKOV Iurii VLADIMIROVICH
• Кудаев Мухамед Муратович