ENM5128 Financial Literacy for ExecutivesBahçeşehir UniversityDegree Programs INDUSTRIAL ENGINEERING (ENGLISH, THESIS)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
INDUSTRIAL ENGINEERING (ENGLISH, THESIS)
Master TR-NQF-HE: Level 7 QF-EHEA: Second Cycle EQF-LLL: Level 7

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ENM5128 Financial Literacy for Executives Fall 3 0 3 8
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Departmental Elective
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. YAMAN ÖMER ERZURUMLU
Course Lecturer(s): Prof. Dr. YAMAN ÖMER ERZURUMLU
Dr. Öğr. Üyesi BAŞAK AKDEMİR
Recommended Optional Program Components: None
Course Objectives: Financial world, the relation between accounting and finance. The differences and how they influence each other. Introducing basic concepts and theories of financial management and accounting. It starts with introducing the financial statements, pro-forma statements and the analysis of these statements including ratio analysis, DuPont analysis and leverage analysis. Concepts of debit and credit and accounting cycle. Recording of various components of the balance sheet and income statement.It introduces the fundamentals of time value of money (TVM) and risk-return relationship. Upon the introduction of TVM and risk return relationship the course covers the subjects of valuation, cash flow analysis and capital budgeting. Throughout the course all subjects are reviewed through comprehensive cases that aims to show the students how these principals applies in the real world.

Learning Outcomes

The students who have succeeded in this course;
I. . Introducing the fundamentals of finance,
II. Explain the various tools used to evaluate, analyze and study the financial structure of an enterprise
III. Explaining how time value of money is used in various fields of finance,
IV. Providing knowledge of project evaluation,
VI. Providing knowledge of integrated financial analyses and decision making analysis
VIII. Explaining how alternative approaches in finance could generate differences in results
IX. Gain the ability to capture the essence of not advanced financial news and articles

Course Content

1st Week Introduction
2nd Week Cash flow and financial planning
3rd Week Debit Credit Analysis
4th Week Financial statements and analysis
5th Week Accounting Cycle
6th Week 1st Mid Term & Solving The Mid Term in class
7th Week Time Value of Money
8th Week Risk and Return
9th Week Capital Budgeting Techniques
10th Week Capital Budgeting Cash Flow & Cost of Capital
11th Week 2nd Mid Term & Solving The Mid Term in class
12th Week Sales Accounting and Accruals Accounting
13th Week Inventory Accounting
14th Week Long Term Assets Accounting

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Financial world, the relation between accounting and finance. The differences and how they influence each other
2) Balance sheet, income statement N/A
3) Recording financial transactions and accounting equation N/A
4) Ratio Analysis N/A
5) Analysis, Journal Entry, Ledger, Trial Balance N/A
6) N/A N/A
7) Present value, Future value, Annuity, Perpetuity, Annuity Due, Effective Rate N/A
8) Correlation, Variance, Standard Deviation, Distribution, Expected Return, Required Return Previous Statistics courses materials should be reviewed
9) Payback period, discounted payback period, net present value, internal rate of return, modified internal rate of return, profitability index, equal annual annuity N/A
10) Initial investment, annual cash flow, terminal value, WACC, MWACC, Decision making methods N/A
11) N/A N/A
12) Sales, returns, discounts, concept of accrual N/A
13) LIFO, FIFO, Specific Identification, Average methods, purchase, sale and return of inventory N/A
14) Depreciation, amortization and depletion, depreciation methodologies, impairment, altering the fixed asset, intangible assets, R&D N/A

Sources

Course Notes / Textbooks: Keown etal., Foundations of Finance 8th ed., Pearson, 2014
Horngren Financial Accounting 2014 Pearson
References: Block and Hirth, Foundations of Financial Management, McGraw Hill, 2011
Gitman L., Principles of Managerial Finance, Pearson, 2006

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Homework Assignments 6 % 20
Midterms 2 % 40
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 12 3 36
Study Hours Out of Class 14 4 56
Homework Assignments 6 8 48
Midterms 2 3 6
Paper Submission 2 20 40
Final 1 3 3
Total Workload 189

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Process view and analytic thinking
2) managerial thinking with technical background
3) To have theoretical knowledge on operations research.
4) Awareness about the applications of operations research
5) To have ability of selection and efficient use of modern techniques, equipments and information technologies for industrial engineering
6) To be capable of designing and conducting experiments and collecting data, analyzing and interpreting results
7) To have verbal and oral effective communication skills by using visual methods in Turkish and English
8) To be aware of entrepreneurship, sustainability and innovation
9) To lead disciplinary and multi-disciplinary teams, to develop solution approaches in complex situations, to work individually and to take responsibility.
10) To have conscious of professional and ethical responsibility
11) To have conscious of necessity to lifelong learning
12) To be aware of economic and legal implications of engineering solutions
13) Economic, social and environmental responsibility while solving management problems