Финансовый менеджмент

Бакалавриат 2024/2025

Статус: Курс обязательный (Международный бизнес)

Направление: 38.03.02. Менеджмент

Кто читает: Департамент финансового менеджмента

Где читается: Высшая школа бизнеса

Когда читается: 3-й курс, 1, 2 модуль

Формат изучения: без онлайн-курса

Охват аудитории: для своего кампуса

Преподаватели: Лапин Дмитрий Геннадьевич

Язык: английский

Кредиты: 5

Контактные часы: 50

Full Syllabus

Abstract

The course examines the modern financial environment, the basic concepts of financial economics and the logic of making investment and financial decisions at the firm level, the principles of managing the organization's cash flows in order to maximize the market value of the business. An integral part of the course is financial analysis as a tool for making managerial decisions in the field of corporate finance. Management objects: functioning non-current and current assets of the company and capital investment, capital structure and justification of necessary sources of financing. Special attention is paid to the development of students' practical skills in the effective, rational and expedient use of financial resources of enterprises

Learning Objectives

Formation of fundamental knowledge in the field of financial management theory of organizations (enterprises), the basics of interaction between the theory and practice of financial management, its role and importance in modern economic relations. The development of students' necessary practical skills for subsequent work in senior positions in the financial and economic departments of enterprises and organizations in various sectors of the economy.

Expected Learning Outcomes

Be able to use key concepts of financial management in practice
Be able to calculate the main financial ratios: ROS, ROE, ROC, turnover ratio and financial leverage.
Be able to calculate the value of an asset based on its cash flows.
Be able to make financial calculations based on the time value of money
Be able to allocate and calculate the company's cash flows
Be able to calculate the cost of capital for various elements: credit, bonds, shares, as well as the weighted average cost of capital
Be able to form an optimal capital structure
Be able to plan operating net working capital
Be able to evaluate the effectiveness of investments in real assets based on key indicators: NPV, IRR, PI, PB and PDB.
Be able to form a various assets investment portfolio of a company

Course Contents

Topic 1 – Introduction to financial management.
Topic 2. Cash flows – the basis of financial calculations
Topic 3. Bonds as a tool for debt financing.
Topic 4. Shares as an equity financing source
Topic 5. Risk and profitability. Investment portfolios
Topic 6. Companies’ Capital Structure
Topic 7. Real assets Investments
Topic 8. Working capital management
Topic 9. Settlements with the owners. The company's dividend policy and value

Assessment Elements

Tests (Smart LMS)
Tests (Smart LMS)
Group Project Task
Final Exam Test
The final exam test is performed in the automatic verification format at the computer class of GSB HSE - SmartLMS . Individual, in-class, closed-book. Duration: 80 min.

Interim Assessment

2024/2025 2nd module
0.4 * Final Exam Test + 0.2 * Group Project Task + 0.2 * Tests (Smart LMS) + 0.2 * Tests (Smart LMS)

Bibliography

Recommended Core Bibliography

Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.
Corporate finance : theory and practice, Damodaran, A., 2001
Corporate finance, Ross, S. A., 2019
Essentials of corporate finance, Ross, S. A., 2017
Financial management : theory and practice, Ehrhardt, M. C., 2011

Recommended Additional Bibliography

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
Fundamentals of corporate finance, Brealey, R. A., 2018
Principles of corporate finance, , 2023

Authors

LAPIN DMITRIY GENNADEVICH

Course Syllabus