Financial Management

Academic year :
2014-2015
Nice Campus
Semester : 5 – ( 3rd year )
FINANCIAL MANAGEMENT
Code : AFIN0501
ECTS :
(IPAG students) 4 Total : 36h
(Exchange students) 6
Pre-requisites
Introduction to Accounting, Management Accounting
Co-requisites
Management Accounting
Lectures : 12
Tutorials : 12
In addition to formal teaching time, students are also expected to do their own reading
as well as preparation work and any other work required for continuous assessment as
individuals or in groups.
Lecturer
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Tony Brooking
Objectives
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To respond effectively to the present economic context, corporate leaders need to
be able to answer questions such as:
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Every day financial activities: ensuring budget are met, collecting from customers
and paying suppliers?
Sources of Long-term financing?
Time Value of Money, Bond and Stock Valuation issues.
Return on investment, Risk and Capital Structure.
Dividend Policy
M&A and sale of non-core businesses
What long term investments should we take on?
What are our lines of business and what sort of buildings, machinery, equipment
will we need?
NPV Calculations.
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Course content
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Description of the corporate environment, the tools and methods.
Financial management as an aid to decision making
Time Value of Money
Bond and Stock Valuation issues
Return, Risk and Capital Structure.
Dividend Policy and M&A
Academic year 2014-2015
Semester 5 – 3rd year
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Financial Management Syllabus
Learning Outcomes
On completion of this module students should be able to:
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Handle all the financial tools to value all kinds of assets.
Re-use this information to provide leaders with help in strategic decision-making
To be able to use the financial concepts in line with academic background to be
used later in their thesis.
Measure and pilot this worth-creation
Evaluation system
Final Exam
50%
Mid-term Assessment:
15%
Continuous Assessment:
35%
To receive the credits for this course, students must obtain:
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an average mark of 10 or more, and
a minimum mark of 8 in the exam.
Note that standard IPAG calculators will be issued for tests and exams. Please ask your
course leader if you would like help in working with this calculator.
Resits
June 2015 - see academic calendar
e-Learning
There is no formal e-learning element for this course, however a number of online
resources are available to students for further research and background reading.
IPAG resources:
The following are both available through the IPAG intranet (http://intranet.ipag.fr/)
Dow Jones Factiva: Business news, information and sophisticated search tools.
ProQuest ABI: Thousands of full-text journals, dissertations, working papers,
newspapers such as The Wall Street Journal and The Financial Times, as well as countryand industry-focused reports and data.
Other resources
A number of other credible resources are available through the internet, including:
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Semester 5 – 3rd year
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Financial Management Syllabus
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International herald Tribune
Financial Times
The Economist: www.economist.com
Business Week: www.businessweek.com
Forbes magazine
Fortune magazine
BBC News: news.bbc.co.uk
Reading
Essential reading
Berck & DeMarzo, 2010. Corporate Finance, 2ndEdition: Pearson.
Pike & Neale, 1996. Corporate Finance and Investment, 5th Edition: Prentice Hall.
Ross, S., Westerfield, R., and Jordan, B. 2003. Fundamentals of Corporate Finance. 5th
Edition: McGraw-Hill
Other reading
Amenc N. & Foulquier P., La problématique du taux d’actualisation des concessionnaires
d’autoroute : le cas des ASF, EDHEC 2006.
Bernstein P.L., Capital Ideas : the improbable origins of modern Wall Street: Wiley.
Cassidy J., The Minsky Moment, The New Yorker, 04/02/2008.
Clerc L., Valorisation et Fondamentaux, Banque de France, Revue de la stabilité
financière, n°12, Octobre 2008.
Colmant B., Gillet R., Szafart A.(2003), Efficience des marchés : concepts, bulles
spéculatives et image comptable, Larcier, Bruxelles.
Copeland T, Weston F, Shastri K, Financial Theory and Corporate Policy, Int. Edition.
Gillet P. 2006. L’Efficience des Marchés Financiers, Paris (2ème édition) Economica.
Ronald C. Lease et al, Dividend Policy: Its Impact on Firm Value, Harvard Business
School Press.
Quémard JL, Golitin V., Le risque de taux d’intérêt dans le système français, Banque de
France, Revue de la stabilité financière, n°6 juin 2005, (87-100).
Reuvid J., Floating Your Company: The Essential Guide to Going Public, Kogan Page.
Sudarsanam S., Creating Value Through Merger and Acquisitions: The Challenges, an
Integrated and International Perspective, FT Prentice Hall .
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Semester 5 – 3rd year
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Financial Management Syllabus
Course open to exchange students.
Academic year 2014-2015
Semester 5 – 3rd year
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Financial Management Syllabus