David SPRINGATE_EMBA_Financial management

Code du cours
Course Code
Nom du cours
Course name
MBA.MPPM2.PMCOR.0008
FINANCIAL MANAGEMENT
Crédits
Credits
Période d'enseignement
Teaching period
Fall
5
Charge de travail
Student workload
Spring
Face à Face
Contact hours
Distanciel
Distance learning
32
20
Summer
Autonomous
personal &/or
team work
Evaluation
Evaluation
52
Programme
Program
EMBA
Départements
Department
ACCOUNTING AND FINANCE
Module
Module
Type de cours
Course type
Campus
Campus
Course open to students in
exchange
Langue d'enseignement
Teaching language
Pré-Requis
Prerequisite
Responsable du cours
Course Coordinator
Durée totale
Total
FINANCIAL MANAGEMENT
Core course
Lille
Paris
Sophia
Raleigh
Suzhou
Other
Exchange students not allowed
Français / French
Anglais / English
Autre / Other
If other
Financial Accounting
DAVID SPRINGATE
LILLE
David SPRINGATE
PARIS
Nom des intervenants par
campus
SOPHIA
Instructor(s) names by
campus
SUZHOU
RALEIGH
OTHER
Vous apprendrez
/
You will learn
The purpose of this course is to introduce and consolidate theoretical, analytical and practical
concepts of financial management. You will better appreciate the role of financial managers,
be able to read financial statements and be better able to execute analyses of value. This
course will improve your judgmental skills. You will realize that while finance includes theory,
estimates of various parameters are often required in practice. There is no escape from
uncertainty and the need for judgment. We will emphasize the financial management of nonfinancial corporations. As we go through the course you will see how a capital market system
leads responsible executives to make the allocations and financing decisions they do. The
centrality and importance of capital market demands on business to create value will be
stressed. In short, the aim in the course is to help you become a be7er execu8ve.
To achieve our purposes we will rely on lectures, online work, class discussion, case analysis,
and some written analysis. Analysis of cases depicting real situations previously faced by
financial managers is a very effective way to prepare for increased corporate responsibility.
The discussion and consideration of issues is a very effective method to promote your
education and improve your capabilities. You will be encouraged to actively participate in
class to foster your learning.
Thémes
/
Topics
Discoun8ng and Present Value
Net Present Value and NPV rule
Payback
Internal Rate of Return
Profitability Index
Allowance for Risk
Opportunity Cost of Capital
What Flows Should We Discount?
A l’issue de la formation, vous serez capable de / As a result of this module, you will be able to:
Connaissances / Knowledge and Understanding (subject specific)
Understand how future cash flows can be estimated and used in financial models important to
management
Understand how to estimate opportunity costs and capital costs
Résultats d’apprentissage Aptitudes cognitives / Cognitive skills
/
Be able to use financial statements in analysis of company situa8ons
Intended Learning Outcomes
Be able to value corporate projects and companies
and Skills
Attitudes / Key transferable skills
Be able to make capital structure decisions
Ethical and social understanding
Understand why shareholder value maximization is one of the best guides for managerial
action
Contribution aux objectifs
Indiquer les learning objectives auxquels contribue le cours (en se basant sur le curriculum mapping du
pédagogiques du programme
programme) / Indicate which learning objectives the course contributes to (based on the program
/ Contribution to learning
curriculum mapping)
objectives
LG2 : Graduates should be able to contribute to improved project management practices in today’s and
tomorrow’s project orientated companies
LO2.1 : To acquire, utilise and transfer knowledge of theory
and evidence based practice in the specific design and
Evaluated
development of the structure, process and function of project
oriented companies
Cours soumis à évaluation dans le cadre de l’Assurance of Learning pour l’année en
Oui / Yes
cours ?
Evaluation finale (DS)
Final examination
40 %
(Précisez la nature pour l'évaluation finale / Explain type for final examination)
QCM / Quizz
Etude de cas / Case study
Rapport écrit / Report, dissertation
Exercices / Exercises
Questions / Questions
Présentation orale / Presentation
Autre / Other
Si autre précisez / If other Specify:
Evaluation des étudiants
Student Assessment
Contrôle continu
Continuous Assessment
60 %
préciser nature / Explain type
the sum of the coefficients below must be equal to 100%
Présentation orale (oral presentation)
25 %
QCM (quizz)
0%
Dossier (file/report)
25 %
Etude de cas (case study)
0%
Mid-term examination
0 % - Nb of midterms
Class participation
50 %
Autre (other)
0%
0
Précisez / Specify:
Format de cours / Course format
Cours Magistral / Lecture
e-learning
TD/tutorials
Si autre, précisez
If other please specify
Méthodes d’enseignement Activités d’apprentissage / Learning activities
Teaching Methods
Jeu d'entreprise / Business Game
Cours interactifs / Interactive lectures
Projet / Project-based learning
études de cas / Case studies
Personal guided study
Devoirs / Assignments
Si autre, précisez / If other please specify :
Plan de cours
Course Plan
Time value of money
Financial analysis and limitations to growth
Investment analysis including Discounted Cash Flows
Risk adjusted discount rates
Corporate funding including debt and stock issues
Dividends
Leveraged Buyouts
Lectures obligatoires / Required readings
Bibliographie
References
Finance for Executives, Fourth Ed., Gabriel Hawawini and Claude Viallet, Thompson Learning,
Southwestern, 2011.
“Investment Analysis and Lockheed Tri Star”. Harvard Business School Case 291031-PDF-ENG and
Spreadsheet Supplement XLS301-XLS-ENG.
“Jones Electrical Distribution”. Harvard Business School Case 4179-PDF-ENG and Student Spreadsheet
4181-XLS-ENG
“Victoria Chemicals Ltd. (A): The Merseyside Project”. University of Virginia Darden Graduate School
Case; Harvard Collec8on UV1192-PDF-ENG.
“MTR: Measuring Investor Expectations”. Western Business School Case; Harvard Collection 907N01PDF-ENG and Student Spreadsheet 907N01-XLS-ENG.
“Globalizing the Cost of Capital and Capital Budgeting at AES”. Harvard Business School Case 204109PDF-ENG and Spreadsheet Supplement 204707-XLS-ENG.
“Fu Ji Food and Catering”. Harvard Business School Case 208004-PDF-ENG and Spreadsheet Supplement
XLS514-XLS-ENG.
“L'Occitane en Provence”. Harvard Business School Case 212051-PDF-ENG and Spreadsheet Supplement
212707-XLS-ENG.
“BCE: In Play”, Western Businesss School Case; Harvard Collection 909N18-PDF-ENG.
Lectures Recommandées / Recommanded readings
Site(s) web / Web sites
Modalités de délivrance du cours (par campus si différent)
Course delivery modes (per campus if different)
Nombre CM Amphi /
Number of Lectures
Durée TD (en heures)
Durée CM Amphi (en
Nombre TD / Number
/ Tutorial class
heures) / Lecture
of Tutorial classes
duration (in hours)
duration (in hours)
Autres (Distance
learning, etc…) (en
heures) / Other (in
hours)
Campus Lille
8
4
Campus Paris
Campus Raleigh
Campus Sophia
Campus Souzhou
Other Campus
Last reviewed on the
08-juil-14
20
Préciser les spécificités de
programmation (TD
journée, cadencement
spécifique des séances) /
Specify if full-day tutorial
class, different schedules