Kurso programos
CORPORATE FINANCE (Vilnius University Faculty of Economics and Business Administration. Global Business and Economics)
VILNIUS UNIVERSITY
FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION
Corporate Finance
THE COURSE IS DEDICATED TO STUDENTS OF GLOBAL BUSINESS AND ECONOMICS PROGRAMME
Prepared by prof. dr. Arvydas Paškevičius
The aim of the course is to form theoretical and practical finance management skills that would enable one to successfully plan, organise, analyse, and assess the financial performance of a company and the projects of its development.
Prerequisites to study Corporate Finance are subjects previously graduated by students: finance management, microeconomics, macroeconomics and accounting.
The
competences trained in the course include:
- the knowledge of theoretical and practical finance
management principles;
- the ability to assess the financial condition of a company
and to prepare and apply financial accountability reports;
- the ability to prepare projects of a company‘s financial activity
and to plan its development.
The purpose of the course is not only to acquaint the students with the fundamental concepts of Corporate Finance but also to formulate practical skills while solving elementary financial problems. Therefore, the course includes not only theoretical lectures but also practical work and home assignments. The course consists of 24 hours, 5 credits.
VMA
ORGANIZATION OF STUDIES
Dear
students
The Rector provides the opportunity to conduct studies remotely.
When organizing studies remotely, we will take advantage of several programs.
First, this page, which contains all the information (lectures, syllabi,
exercise tasks, case study tasks, and exam questions).
Second, the VMA e-learning, where you will find pilot tests, an exam
that will be held remotely from home and a link to this page.
Third,we will organize lectures, seminars, consultations and exams using
the MS teams program. For instructions on how to install MS Teams can be
found HOW TO ATTEND A VIDEO LECTURE (Instructions
in English are given at the end).
After installing MS Teams, use the link to join the GLOBAL BUSINESS AND ECONOMICS Corporate finance
SCHEDULE
|
Nr. |
S.D. |
Data |
Time |
Room |
Chapter |
Notes |
|
1 |
Mon |
9-Nov |
17:30-19:00 |
online |
Introduction. Financial Statements and Cash Flow. The Time Value of Money. |
Homework: Chapter 2 Test Questions; Chapter 3 Questions and Problems # 11, 16, 29.Chapter 3 Test Questions # 1, 2, 3, 36, 37, 38, 39, 40, 41, 42, 75, 76, 77. Chapter 5 Questions and Problems # 1-9. Chapter 5 Test Questions. Chapter 6 Questions and Problems # 1-15. Chapter 6 Test Questions. |
|
2 |
Mon |
9-Nov |
19:15-20:45 |
online |
The Time Value of Money |
|
|
3 |
Wed |
11-Nov |
17:30-19:00 |
online |
Ch 2 TQ review. Ch 3 Q&P # 11, 16, 29. Ch 3 TQ # 1, 2, 3, 36, 37, 38, 39, 40, 41, 42, 75, 76, 77 review |
Homework: Preparation for test. Self-test. |
|
4 |
Wed |
11-Nov |
19:15-20:45 |
online |
Chapter 5 Questions and Problems # 1-9. Chapter 5 Test Questions. Chapter 6 Questions and Problems # 1-15. Chapter 6 Test Questions. |
|
|
5 |
Fri |
13-Nov |
17:30-19:00 |
online |
Test |
It is mandatory to turn on the MS TEAMS and the video camera during the test Homework: Chapter 9 Questions and Problems # 1-16. Chapter 9 Test Questions. |
|
6 |
Fri |
13-Nov |
19:15-20:45 |
online |
Net Present Value and Other Investment Criteria |
|
|
7 |
Mon |
16-Nov |
17:30-19:00 |
online |
Ch 9 Q&P # 1-16. Ch 9 Test Questions |
Homework: Chapter 10 Questions and Problems # 1-15. Chapter 10 Test Questions. |
|
8 |
Mon |
16-Nov |
19:15-20:45 |
online |
Making Capital Investment Decisions |
|
|
9 |
Wed |
18-Nov |
17:30-19:00 |
online |
Project analysis and evaluation |
Homework: Chapter 11 Questions and Problems # 1-15. Chapter 11 Test Questions. |
|
10 |
Wed |
18-Nov |
19:15-20:45 |
online |
Ch 10 Q&P # 1-15. Ch 10 Test Questions |
|
|
11 |
Fri |
20-Nov |
17:30-19:00 |
online |
Chapter 11 Questions and Problems # 1-15. |
Homework: Preparation for examination. Self-test. |
|
12 |
Fri |
20-Nov |
19:15-20:45 |
online |
Chapter 11 Test Questions. |
|
|
13 |
Tue |
27-Nov |
17:30:-19:00 |
online |
EXAM |
It is mandatory to turn on the MS TEAMS and the video camera during the Exam
|
30 November 17:30 Test RETAKE
SYLLABUS
1. Introduction
Lecture Notes VUEF2012
2. Financial Statements and Cash Flow (Chapter 2 and section 1 of Chapter 3 “Fundamentals of Corporate Finance, Ross, S. A”)
2.1. The Balance sheet
2.2. The Income Statement
2.3. Cash flow
2. 4. Cash Flow and Financial Statements
Chapter 2 Test Questions ibs2010
Chapter 3 Q&P (page 88-92. Only 11, 16, 29 questions and problems)
Test Questions (only 1, 2, 3, 36, 37, 38, 39, 40, 41, 42, 75, 76, 77 questions)
3. The Time Value of Money(Chapter 5 and 6 “Fundamentals of Corporate Finance, Ross, S. A)”
3.1. Future Value and Compounding
3.2. Present Value and Discounting
3.3. More on Present and Future Values.
3.4. Present and Future Values of Multiple Cash Flows
3.5. Valuing Level Cash Flows: Annuities and Perpetuities
3.6. Comparing Rates: The Effect of Compounding
3.7. Loan Types and Loan Amortization
Chapter 5 Q&P (page 152 – 153. Only 1-9 questions and problems) Test Questions
Chapter 6 Q&P (page 191 – 192. Only 1-15 questions and problems) Test Questions
4. Net Present Value and Other Investment Criteria (Chapter 9 “Fundamentals of Corporate Finance, Ross, S. A”)
4.1. Net present value
4.2. The Payback Rule
4.3. The Payback Rule
4.4. The Average Accounting Return (AAR)
4.5. The Internal Rate of Return (IRR)
4.6. The Profitability Index
Lecture Notes Q&P (page 305 – 307. Only 1-16 questions and problems) Test Questions
5. Making Capital Investment Decisions (Chapter 10 ”Fundamentals of Corporate Finance, Ross, S. A”)
5.1. Project Cash Flows: A First Look
5.2. Incremental Cash Flows
5.3. Pro Forma Financial Statements and Project Cash Flows
5.4. More on Project Cash Flow
5.5. Alternative Definitions of Operating Cash Flow
5.6. Some Special Cases of Cash Flow Analysis
Lecture Notes Q&P (page 344 – 345. Only 1-15 questions and problems) Test Questions
6. Project Analysis And Evaluation (Chapter 11 “Fundamentals of Corporate Finance, Ross, S.A”)
6.1. Evaluating NPV Estimates
6.2. Scenario and Other What-If Analyses
6.3. Break-Even Analysis
6.4. Operating Cash Flow, Sales Volume, and Break-Even
6.5. Operating Leverage
6.6. Capital Rationings
Lecture Notes Q&P (page 374 – 376. Only 1-15 questions and problems) Test Questions
LITERATURE
1. Fundamentals of Corporate Finance, Ross, S. A. 2010.
2. CaseProblems in Finance / edited by W.Carl Kester, Richard S. Ruback, Peter Tufano.2005
3. A Guide to the Project Management Body of Knowledge (PMBOK Guide) 4th Editon 2008
4. Principles of Corporate Finance, Brealey, Myers, 2010.
EVALUATION
Assessment requirements:
Analysis and solutions of tasks and problems at seminars, test and examination.
Final assessment criteria:
The grade assigned for problem solution at seminars is multiplied by 0.10.
The grade assigned for Test (closed and open-ended tasks / questions) is multiplied by 0.30.
The grade of the examination is multiplied by 0.6
Test and Examination shall be taken by electronic means at the Examination center. Students are required to solve tasks presented in the test. Students are required to solve not less than 50% of all tasks presented in test and exam. Students must have test and exam grades of 5 or higher in order for their final accumulative grade to be positive.
Composition of the final accumulative grade
The final accumulative grade shall be composed of:
Problem solutions at seminars – 10 %
Test – 30 %
Examination – 60%
RESULTS
Grįžti