INDUSTRIAL ENGINEERING (ENGLISH, THESIS) | |||||
Master | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF-LLL: Level 7 |
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. |
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 Assist. Prof. 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. |
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 |
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 |
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 |
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 |
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 |
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 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution |