| MEDICINE | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ENM3001 | Finance for Engineers | Fall | 2 | 2 | 3 | 6 |
| 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: | Non-Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Dr. Öğr. Üyesi MEHMET EMİN YILDIZ |
| Course Lecturer(s): |
Dr. Öğr. Üyesi BAŞAK AKDEMİR Prof. Dr. YAMAN ÖMER ERZURUMLU |
| Course Objectives: | ENM 3001 is an introduction to the basic concepts and theories of financial management. It starts with introducing the financial statements, pro-forma statements and the analysis of these statements including ratio analysis, DuPont analysis and leverage analysis. 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. |
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The students who have succeeded in this course; I. Understand the general overview of financial management and concepts of financial markets, II. Evaluating and analyzing the financial statements, ratio analysis, leverage and break even analysis, III. Gain the ability to construct proforma statements; conduct cash budget and free cash flow analysis IV. Understand and gain ability to use time value of money in various ways for financial decision making, V. Learn the tools of short term financial management and understand the dynamics of short term financial management. VI. Gain the ability to capture the essence of not advanced financial news and articles VII. Understand the dynamics of bond market and stock market VIII. Gain skills to evaluate a project by using capital budgeting techniques (NPV etc.) IX. Determining the appropriate technique and apply in order to evaluate a standalone project or a company |
| Introduction to Foundations of Finance, Evaluating a Firm’s Financial Performance (Ratio analysis and Leverage), Understanding Financial Statements and Cash Flows, Short Term Assets Management, Time Value of Money, Evaluation of Stocks and Bonds, Risk and Return, Capital Budgeting Techniques, Capital Budgeting Decisions, Leverage and Break Even Analysis |
| Week | Subject | Related Preparation |
| 1) | This chapter lays a foundation for what will follow. First, it focuses on the goal of the firm, followed by the five principles that form the foundations of financial management and the role of finance in business. The chapter then reviews the legal forms of business organization and discusses the tax implications relating to financial decisions. Finally, the chapter discusses the new role multinational firm and its role in finance. | Yok |
| 1) | Capital budgeting involves the decision-making process with respect to investment in fixed assets; specifically, it involves measuring the incremental cash flows associated with investment proposals and evaluating the attractiveness of these cash flows relative to the project’s cost. This chapter focuses on the estimation of those cash flows based on various decision criteria, and how to adjust for the riskiness of a given project or combination of projects. | N/A |
| 2) | Financial analysis can be defined as the process of assessing the financial condition of a firm. The principal analytical tool of the financial analyst is the financial ratio. In this chapter, we provide a set of key financial ratios and a discussion of their effective use. | Yok |
| 3) | In this chapter, we review the contents and meaning of a firm’s income statement and balance sheet. We also look very carefully at how to compute a firm’s cash flows. | Yok |
| 4) | This chapter is divided into two sections. The first section includes an overview of the role played by forecasting in the firm’s planning process. The second section focuses on the construction of detailed financial plans, including budgets and pro forma financial statements for future periods of the firm’s operations. A budget is a forecast of future events and provides the basis for taking corrective action and can also be used for performance evaluation. The cash budget and pro forma financial statements provide the necessary information to determine estimates of future financing requirements of the firm. These estimates are the key elements in our discussion of financial planning and budgeting | Yok |
| 5) | This chapter is divided into two sections. The first section includes an overview of the role played by forecasting in the firm’s planning process. The second section focuses on the construction of detailed financial plans, including budgets and pro forma financial statements for future periods of the firm’s operations. A budget is a forecast of future events and provides the basis for taking corrective action and can also be used for performance evaluation. The cash budget and pro forma financial statements provide the necessary information to determine estimates of future financing requirements of the firm. These estimates are the key elements in our discussion of financial planning and budgeting | Yok |
| 6) | Yok | Yok |
| 7) | In this chapter, the concept of the time value of money is introduced; that is, a dollar today is worth more than a dollar received a year from now. If we are to compare projects and financial strategies logically, we must either move all dollar flows back to the present or out to some common future date. | Yok |
| 8) | We are specifically concerned with bonds. We also look at the concept of the bondholder's expected rate of return on an investment. We are specifically concerned with valuing preferred stock and common stock. We also look at the concept of a stockholder’s expected rate of return on an investment. | N/A |
| 9) | In this chapter, we examine the factors that determine rates of return (discount rates) in the capital markets. We are particularly interested in the relationship between risk and rates of return. We look at risk both in terms of the riskiness of an individual security and that of a portfolio of securities. | N/A |
| 10) | Capital budgeting involves the decision-making process with respect to investment in fixed assets; specifically, it involves measuring the incremental cash flows associated with investment proposals, then evaluating the attractiveness of these cash flows relative to the project’s costs. This chapter focuses on the various decision criteria. It also examines how to deal with complications in the capital budgeting process, including mutually exclusive projects and capital rationing. | N/A |
| 11) | Capital budgeting involves the decision-making process with respect to investment in fixed assets; specifically, it involves measuring the incremental cash flows associated with investment proposals, then evaluating the attractiveness of these cash flows relative to the project’s costs. This chapter focuses on the various decision criteria. It also examines how to deal with complications in the capital budgeting process, including mutually exclusive projects and capital rationing. | N/A |
| 12) | N/A | N/A |
| 13) | Financial Leverage, Operational Leverage, Combined Leverage, Break Even Analysis | N/A |
| 14) | All subjects will be reviewed depending on the student's demands | N/A |
| Course Notes / Textbooks: | Keown etal., Foundations of Finance 12th ed., Pearson, 2019 |
| References: | Block and Hirth, Foundations of Financial Management, McGraw Hill, 2011 Gitman L., Principles of Managerial Finance, Pearson, 2006 Brealey, Myers,Marcus "Fundamentals of Corporate finance" 11th edition MacGraw Hill |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 1 | % 17 |
| Homework Assignments | 8 | % 14 |
| Midterms | 1 | % 15 |
| Final | 1 | % 40 |
| Paper Submission | 3 | % 14 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| Total | % 100 | |
| Activities | Number of Activities | Duration (Hours) | Workload |
| Course Hours | 13 | 2 | 26 |
| Application | 13 | 2 | 26 |
| Study Hours Out of Class | 12 | 3 | 36 |
| Homework Assignments | 8 | 2 | 16 |
| Quizzes | 6 | 1 | 6 |
| Midterms | 1 | 3 | 3 |
| Paper Submission | 3 | 8 | 24 |
| Final | 1 | 3 | 3 |
| Total Workload | 140 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Integrates the knowledge, skills and attitudes acquired from basic and clinical medical sciences, behavioral sciences and social sciences, and uses them in health service delivery. | |
| 2) | In patient management, shows a biopsychosocial approach that takes into account the socio-demographic and sociocultural background of the individual, regardless of language, religion, race and gender. | |
| 3) | In the provision of health services, prioritizes the protection and development of the health of individuals and society. | |
| 4) | Taking into account the individual, societal, social and environmental factors affecting health; does the necessary work to maintain and improve the state of health. | |
| 5) | By recognizing the characteristics, needs and expectations of the target audience, provides health education to healthy/sick individuals and their relatives and other healthcare professionals. | |
| 6) | Shows a safe, rational and effective approach in health service delivery, prevention, diagnosis, treatment, follow-up and rehabilitation processes. | |
| 7) | Performs invasive and/or non-invasive procedures in diagnosis, treatment, follow-up and rehabilitation processes in a safe and effective way for the patient. | |
| 8) | Provides health services by considering patient and employee health and safety. | |
| 9) | In the provision of health services, takes into account the changes in the physical and socioeconomic environment on a regional and global scale, as well as the changes in the individual characteristics and behaviors of the people who apply to it. | |
| 10) | Takes good medical practice into account while carrying out his/her profession. | |
| 11) | Fulfills its duties and obligations within the framework of ethical principles, rights and legal responsibilities required by its profession. | |
| 12) | Demonstrates decisive behavior in providing high-quality health care, taking into account the integrity of the patient. | |
| 13) | Evaluates his/her performance in his/her professional practice by considering his/her emotions and cognitive characteristics. | |
| 14) | Advocates improving the provision of health services by considering the concepts of social reliability and social responsibility for the protection and development of public health. | |
| 15) | Can plan and carry out service delivery, training and consultancy processes related to individual and community health in cooperation with all components for the protection and development of health. | |
| 16) | Evaluates the impact of health policies and practices on individual and community health indicators and advocates increasing the quality of health services. | |
| 17) | The physician attaches importance to the protection of his/her own physical, mental and social health, and does what is necessary for this | |
| 18) | Shows exemplary behavior and leads the healthcare team during service delivery. | |
| 19) | Uses resources cost-effectively, for the benefit of society and in accordance with the legislation, in the planning, implementation and evaluation processes of health services in the health institution he/she is the manager of. | |
| 20) | Establishes positive communication within the health team it serves and assumes different team roles when necessary. | |
| 21) | Is aware of the duties and responsibilities of the health workers in the health team and acts accordingly. | |
| 22) | In the professional practices, works in harmony and effectively with the colleagues and other professional groups. | |
| 23) | Communicates effectively with patients, their relatives, healthcare professionals, other professional groups, institutions and organizations. | |
| 24) | Communicates effectively with individuals and groups that require a special approach and have different socio-cultural characteristics. | |
| 25) | In the diagnosis, treatment, follow-up and rehabilitation processes, shows a patient-centered approach that associates the patient with the decision-making mechanisms. | |
| 26) | Plans and implements scientific research, when necessary, for the population it serves, and uses the results and/or the results of other research for the benefit of the society. | |
| 27) | Reaches and critically evaluates current literature knowledge about his/her profession. | |
| 28) | Applies the principles of evidence-based medicine in clinical decision making. | |
| 29) | Uses information technologies to increase the effectiveness of its work on health care, research and education. | |
| 30) | Effectively manages individual work processes and career development. | |
| 31) | Demonstrates skills in acquiring and evaluating new knowledge, integrating it with existing knowledge, applying it to professional situations and adapting to changing conditions throughout professional life. | |
| 32) | Selects the right learning resources to improve the quality of the health service it offers, organizes its own learning process |