| Competences |
| Type A | Code | Competences Specific |
| A2 | Find, analyze and interpret quantitative and qualitative information of a financial, accounting, economic, social and legal nature that is relevant to the taking of business decisions. | |
| Type B | Code | Competences Transversal |
| B4 | Autonomy, responsibility and initiative | |
| Type C | Code | Competences Nuclear |
| C1 | Have an intermediate mastery of a foreign language, preferably English | |
| C2 | Be advanced users of the information and communication technologies | |
| C4 | Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV |
| Learning outcomes |
| Type A | Code | Learning outcomes |
| A2 |
Understand the functions and tasks performed by the financial director within the company and short and long-term financial cycles. Understand and use the analysis criteria of analysis required to make investment decisions. Know how to solve problems related to evaluating investment projects. | |
| Type B | Code | Learning outcomes |
| B4 |
Do the work planned in accordance with the quality criteria provided. Recognize the good and bad points of their approach to a particular task. | |
| Type C | Code | Learning outcomes |
| C1 |
Understand instructions about classes or tasks assigned by the teaching staff. Understand routine information and articles. Understand the general meaning of texts that have non-routine information in a familiar subject area. | |
| C2 |
Use software for off-line communication: word processors, spreadsheets and digital presentations. Use software for on-line communication: interactive tools (web, moodle, blogs, etc.), e-mail, forums, chat rooms, video conferences, collaborative work tools, etc. | |
| C4 |
Produce well structured, clear and effective oral texts. Produce well-structured, clear and rich written texts |
| Contents |
| Topic | Sub-topic |
| 1. Financial cycle of the firm | 1.1 Introduction 1.1.1 Investment and financial management 1.1.2 Introduction to financial dynamics of the firm 1.2 Short-term cycle 1.3 Long-term cycle 1.4 The excess of the cycle: internal financing |
| 2. Valuation and selection of investments (I) | 2.1 Introduction 2.2 Static methods 2.3 Dynamic methods: NPV, IRR and VFN 2.3.1 The value of money through time 2.3.2 Net Present Value (NPV) 2.3.3 Internal Rate of Return (IRR) 2.3.4 Similarities and differences between the NPV and IRR 2.3.5 Disadvantages of NPV and IRR. Inconsistencies and other problems 2.3.6 Modification of the basic hypotheses 2.3.7 Net Final Value (NFV) 2.3.8 Inter-relationships among NPV, IRR and VFN 2.3.9 Payback dynamic (PBD) |
| 3. Valuation and selection of investments (II) |
3.1 Introduction 3.2 Sensitivity as a measure of risk 3.3 Investment decisions in a random environment 3.4 The expectation and variance of NPV 3.5 The equivalence of investment project |
| Planning |
| Methodologies :: Tests | ||||||||||
| Competences | (*) Class hours |
Hours outside the classroom |
(**) Total hours | |||||||
| Introductory activities |
|
1 | 0 | 1 | ||||||
| Lecture |
|
28 | 26 | 54 | ||||||
| IT-based practicals |
|
26 | 62 | 88 | ||||||
| Personal attention |
|
1 | 2 | 3 | ||||||
| Multiple-choice objective tests |
|
4 | 0 | 4 | ||||||
| (*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. | ||||||||||
| Methodologies |
| Description | |
| Introductory activities | Introduce the global objectives of the course and the structure of the lectures. |
| Lecture | Define and provide the theoretical and practical knowledge which allows students to make a correct analysis and selection of investments. |
| IT-based practicals | Use computer software tools (spreadsheets, etc.). Automate to research information and calculation. |
| Personal attention | Questions and doubts will be resolved and the student will be oriented towards conducting evaluation tests. |
| Personalized attention |
| Description |
| The students have office hours to solve doubts and queries related to the syllabus, exercises, and all other complementary activities. |
| Assessment |
| Methodologies | Competences | Description | Weight | |||||
| IT-based practicals |
|
The knowledge and practices will be evaluated in different sessions and with the realization of one or more assignments. | 20% | |||||
| Multiple-choice objective tests |
|
The theoretical and practical sessions including the practice through TIC will be assessed through unbiased multiple choice tests. | 80% | |||||
| Others |
| Other comments and second exam session | |||
|
This course is evaluation through the continued evaluation criteria, which consist of the following activities: 50% of the evaluation will be through different tests carried out during the course (tests, presentations, works, exercises ...). Final exam:the remaining 50% will be a final exam. Comments:In the second sitting (make-up exam), in case the final exam´s grade is higher than the combination of continued evaluation applying the criteria (50%-50%), the final exam grades will be taken as the final course evaluation grades (100%). |
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| Sources of information |
| Basic |
BORRÀS, F.X.; CÀMARA, X., Introducció a la direcció financera, , 2009
BREALEY, R.; MYERS, S.C.; MARCUS, A.J., Fundamentos de finanzas corporativas, , 2007
KELETY ALCAIDE, A. , Análisis y evaluación de inversiones., , 1992
MENÉNDEZ, C.; MONTLLOR, J. , “Planificación financiera y análisis de viabilidad de inversiones por medio de proyectos agregados: el valor final neto", Técnica contable, , 1991
SUÁREZ SUÁREZ, A.S. , Decisiones óptimas de inversión y financiación de la empresa, , 2005
FX Borràs, X Càmara, MC Molina, Apunts de l'assignatura, , |
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| Complementary |
FERNÁNDEZ, A.I.; GARCÍA OLALLA, M, Las decisiones financieras de la empresa., , 1992
ROSS, S.A.; WESERFIELD, R.W.; JAFFE, J.F. , Finanzas Corporativas. , , 1997
BLANCO, F.; FERRANDO, M. , Dirección financiera de la empresa. , , 1996
PÉREZ, C.; DE LA TORRE, A. ; JIMÉNEZ, J.L. , Dirección financiera de la empresa : teoría y práctica, , 2007 |
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| Recommendations |
| Subjects that continue the syllabus | ||
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| Subjects that are recommended to be taken simultaneously | ||
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| Subjects that it is recommended to have taken before | |||
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(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.