ENM5128 Financial Literacy for ManagersBahçeşehir UniversityDegree Programs ENERGY SYSTEMS OPERATION AND TECHNOLOGY (ENGLISH, NON-THESIS)General Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ENERGY SYSTEMS OPERATION AND TECHNOLOGY (ENGLISH, NON-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 Managers 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) Have sufficient theoretical background in mathematics, basic sciences and other related engineering areas and to be able to use this background in the field of energy systems engineering.
2) Be able to identify, formulate and solve energy systems engineering-related problems by using state-of-the-art methods, techniques and equipment.
3) Be able to design and do simulation and/or experiment, collect and analyze data and interpret the results.
4) Be able to access information, to do research and use databases and other information sources.
5) Have an aptitude, capability and inclination for life-long learning.
6) Be able to take responsibility for him/herself and for colleagues and employees to solve unpredicted complex problems encountered in practice individually or as a group member.
7) Develop an understanding of professional and ethical responsibility.
8) Develop an ability to apply the fundamentals of engineering mathematics and sciences into the field of energy conversion.
9) Develop an understanding of the obligations for implementing sustainable engineering solutions.
10) Develop an ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability.
11) Realize all steps of a thesis or a project work, such as literature survey, method developing and implementation, classification and discussion of the results, etc.