CORPORATE FINANCIAL MANAGEMENT (1718-IÉSEG-IN-S1S2-FIN-IN-EI04UE)

Code Cours
2021-IÉSEG-IN-S1S2-FIN-IN-EI07BE
Matières
FINANCE
Responsable(s)
P.COGNEAU
Intervenant(s)
Ahmed HIKMI, Philippe COGNEAU
Niveau
Course for exchange students
Année de formation
Période

Présentation

Prérequis
The student should know a little bit the presentation of a balance sheet and of the income statements
Objectifs
At the end of the course, the student should be able to :
- integrate the basics of the financial environment
- discuss discounted cash flow valuation models
- understand capital budgeting
- benchmark stock and bond valuation
- differentiate between short and long term funding sources and working capital management.
Présentation
Financial Management will present the necessary tools required to objectively approach and solve financial problems. The course facilitates the student's ability to synthesize and incorporate the presented tools as well as other academic and professional experiences into a standard yet flexible model for solving financial management problems. This course will discuss and teach the tools required to objectively make: capital budgeting, capital structure and working capital decisions.
Course Outline: 1. Cash Flow, 2. Net Present Value , 3. Discounted cash flow valuation models, 4. Capital budgeting, 5. Stock & Bond Valuation, 6. CAPM model and Security Market Line, 7. Weighted Average Cost of Capital, 8. Short and Long Term funding source

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours magistral 12,00
Travaux dirigés 4,00
Travail personnel
Charge de travail personnel indicative 24,00
Overall student workload 40,00
Évaluation
Between the courses, students have to solve a few exercises in groups, and send their solutions to the Professor.
The final exam is a mix of theoretical topics seen during the lectures and of numeric applications of the theory, like the exercises made during the tutorial part of the course

Ressources

Bibliographie
"Principes of Corporate Finance" by Richard Brealey and Stewart Meyers, Irwin-McGraw Hill -
"Fundamentals of Financial Management" by Eugène Brigham and Joël Houston, Prentice Hall -
"Corporate Finance: theory and practice" by Pierre Vernimmen, Pascal Quiry, Maurizio Dallochio, Yann Le Fur and Antonio salvi, Wiley -
Ressources Internet