BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ACTUARIAL SCIENCE (TURKISH, 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 |
| FIN5228 | Financial Management | 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 : | HANDE SAĞLAM |
| Course Lecturer(s): |
Prof. Dr. MURAT AKBALIK Dr. Öğr. Üyesi AYŞE DİLARA ALTIOK YILMAZ Dr. Öğr. Üyesi AYSE ERTUĞRUL BAYKAN |
| Recommended Optional Program Components: | None |
| Course Objectives: | The purpose of this course is to introduce concepts of financial management with special attention to corporate financial decisions. The course will focus on (1) the capital budgeting process, (2) dividend and capital structure policies of the firm, (3) the basics of risk management, (4) how derivatives can be used to hedge financial risks, (5) the rationale for mergers, different types of mergers, and merger analysis, (6) the pros and cons of the hybrids from the standpoints of both issuers and investors, how to determine when to use them, and the factors that affect their values |
Learning Outcomes
|
The students who have succeeded in this course; I. Understands capital budgeting techniques to evaluate a firm’s investment opportunities II. Calculates a firm’s cost of capital III. Learns the impact of a firm’s dividend policy on its share value IV. Knows the impact of debt/equity decisions on a firm’s value V. Understands the difference between operating risk and financial risk VI. Learns how derivatives can be used for hedging VII. Understands the reasons for leasing VIII. Applies financial analysis techniques within a real life environment IX. Holds a basic knowledge about financial management |
Course Content
| 1th Week: Basic concepts of financial management 2nd Week: The Financial Environment: Markets, Institutions and Interest Rates 3rd Week: Stock Valuation 4th Week: The Cost of Capital 5th Week: Other topics in Capital Budgeting 6th Week: Midterm I 7th Week: Capital Structure and Leverage 8th Week: Distributions to Shareholders: Dividends and Share Repurchases 9th Week: Distributions to Shareholders: Dividends and Share Repurchases 10th Week: Derivatives and Risk Management 11th Week: Mergers and Acquisitions 12th Week: Midterm II 13th Week: Hybrid Financing: Preferred Stock, Leasing, Warrants and Convertibles 14th Week: Hybrid Financing: Preferred Stock, Leasing, Warrants and Convertibles |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Basic concepts of financial management | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 2) | The Financial Environment: Markets, Institutions and Interest Rates | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 3) | Stock Valuation | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 4) | The Cost of Capital | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 5) | Other topics in Capital Budgeting | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 6) | Midterm I | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 7) | Capital Structure and Leverage | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 8) | Distributions to Shareholders: Dividends and Share Repurchases | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 9) | Distributions to Shareholders: Dividends and Share Repurchases | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 10) | Derivatives and Risk Management | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 11) | Mergers and Acquisitions | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 12) | Midterm II | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 13) | Hybrid Financing: Preferred Stock, Leasing, Warrants and Convertibles | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
| 14) | Hybrid Financing: Preferred Stock, Leasing, Warrants and Convertibles | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008 |
Sources
| Course Notes / Textbooks: | Ross, Stephen A., Randolph W. Westerfield, and Bradford D. Jordan, Corporate Finance Fundamentals, Mc Graw Hill, 8th Edition, 2008. |
| References: | . |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 2 | % 60 |
| Final | 1 | % 40 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Workload |
| Course Hours | 14 | 42 |
| Study Hours Out of Class | 15 | 152 |
| Midterms | 2 | 4 |
| Final | 1 | 2 |
| Total Workload | 200 | |
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) | Acquire the quantitative skills to become an actuary. | |
| 2) | Will know about risks and ways to manage risk. | |
| 3) | Will know about financial planning and its role in actuarial management. | |
| 4) | Will be able to design new products and carry profitability tests and scenario analyses. | |
| 5) | Besides gaining competence in theoretical subjects, the graduate will also be aware of practical issues and applications through lecturers and instructors who have market experience. | |
| 6) | Will be able to follow all innovations and carry on research on the particular area. | |
| 7) | Will share information with colleagues and will use it for project development.. | |
| 8) | Will be able to apply and make the necessary adaptation to all new rules and regulations. |