PERFORMING ARTS | |||||
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 | Spring | 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. |
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) | They acquire theoretical, historical and aesthetic knowledge specific to their field by using methods and techniques related to performing arts (acting, dance, music, etc.). | 2 |
2) | They have knowledge about art culture and aesthetics and they provide the unity of theory and practice in their field. | 2 |
3) | They are aware of national and international values in performing arts. | 2 |
4) | Abstract and concrete concepts of performing arts; can transform it into creative thinking, innovative and original works. | 1 |
5) | They have the sensitivity to run a business successfully in their field. | 3 |
6) | Develops the ability to perceive, think, design and implement multidimensional from local to universal. | 3 |
7) | They have knowledge about the disciplines that the performing arts field is related to and can evaluate the interaction of the sub-disciplines within their field. | 2 |
8) | They develop the ability to perceive, design, and apply multidimensionality by having knowledge about artistic criticism methods. | 3 |
9) | They can share original works related to their field with the society and evaluate their results and question their own work by using critical methods. | 1 |
10) | They follow English language resources related to their field and can communicate with foreign colleagues in their field. | 1 |
11) | By becoming aware of national and international values in the field of performing arts, they can transform abstract and concrete concepts into creative thinking, innovative and original works. | 3 |
12) | They can produce original works within the framework of an interdisciplinary understanding of art. | 2 |
13) | Within the framework of the Performing Arts Program and the units within it, they become individuals who are equipped to take part in the universal platform in their field. | 3 |
14) | Within the Performing Arts Program, according to the field of study; have competent technical knowledge in the field of acting and musical theater. | 2 |
15) | They use information and communication technologies together with computer software that is at least at the Advanced Level of the European Computer Use License as required by the field. | 3 |