90 hours (10 h. lectures, 10 h. seminars, 100 h. self-study time)
Requirements for participation
Typeof exam (oral, written, term paper etc.)
Methods of teaching and learning (lecture, seminars etc.)
Lectures, once a week;
seminar / discussion, once a week.
Lectures, seminars, discussions on the basis of lecture materials and students’ reading, presentations, project work, Internet search, course paper, self-study activities, tests, case studies.
Svitlana Kuznetsova, Doctor of Economics, Full Professor
This course will introduce the fundamental basic knowledge of the financial decision-making process and the analysis of value creation, current discussions on corporate governance, ethical dilemmas, globalization of finance, strategic alliances and provide a more global perspective of financial management.
By the end of the course the students should be able to:
- design the financial management system in terms of the three major decision areas that confront the financial manager;
- generate the goal of the firm and summarize why shareholders' wealth maximization is preferred over other goals;
- calculate, implement and evaluate both the future and present value of: (a) an amount invested today; (b) a stream of equal cash flows (an annuity); and (c) a stream of mixed cash flows;
- summarize interest factor tables and judge how they provide a shortcut to calculating present and future values;
- clarify risk and return in a portfolio context, and predict between individual security and portfolio risk;
- define and explain the capital-asset pricing model (CAPM), beta, and the characteristic line. Calculate a required rate of return using the capital-asset pricing model (CAPM);
- define, calculate, and categorize (according to liquidity, financial leverage, coverage, activity, and profitability) the major financial ratios and generate what they can tell us about the firm, a firm’s operating cycle and cash cycle;
- reflect, differentiate ratios to analyze a firm's health and then recommend reasonable alternative courses of action to improve the health of the firm, a firm’s return on investment (i.e., “earning power”) and return on equity using a DuPont approach;
- design and prepare a cash budget from forecasts of sales, receipts, and disbursements know why such a budget should be flexible;
- differentiate and describe the relationship between profitability, liquidity, and risk in the management of working capital.
Introduction to Financial management
The Time Value of Money
Risk and Return
Financial Statement Analysis
Funds Analysis, Cash-Flow Analysis, and Financial Planning
Overview of Working Capital Management
Required Returns and the Cost of Capital
Capital Structure Determination
Van Horne, Wachowicz (2008) Fundamentals of Financial Management/13th Edition, Pearson Education Limited.
Kuznetsova S. (2014) Financial management,Kyiv, CUL
Brigham E.F., Gapenski L.C. (2003). Financial Management. Theory and Practice. 6h Edition, The Dryden Press
Stanley B. Block, Geoffrey A. Hirt, (2009). Foundations of Financial Management (Including accompanying Cases text) 13th ed., New York: McGraw Hill, Inc
Ross, Westerfield and Jordan (2008), Fundamentals of Corporate Finance, 8th Edition, McGraw-Hill.