Engelskt namn: Foundations of Finance B
Denna kursplan gäller: 2010-05-03 till 2013-02-17 (nyare version av kursplanen finns)
Kursplan för kurser med start efter 2019-08-19
Kursplan för kurser med start mellan 2018-08-20 och 2019-08-18
Kursplan för kurser med start mellan 2017-01-16 och 2018-08-19
Kursplan för kurser med start mellan 2016-01-18 och 2017-01-15
Kursplan för kurser med start mellan 2015-01-12 och 2016-01-17
Kursplan för kurser med start mellan 2014-01-13 och 2015-01-11
Kursplan för kurser med start mellan 2013-02-18 och 2014-01-12
Kursplan för kurser med start innan 2013-02-17
Kurskod: 2FE097
Högskolepoäng: 7,5
Utbildningsnivå: Grundnivå
Huvudområden och successiv fördjupning:
Företagsekonomi: Grundnivå, har mindre än 60 hp kurs/er på grundnivå som förkunskapskrav
Betygsskala: Tregradig skala
Ansvarig institution: USBE Företagsekonomi
Beslutad av: Handelshögskolans styrelse, 2009-06-12
This course is intended to introduce participants to the fundamental concepts of finance for business purposes. It is an introductory course that will define basic concepts used in financial management with an emphasis on understanding risks and returns associated with the investment decision. The approach taken is operational, i.e. that of the middle manager, someone who must be able to use the decisions of a comptroller of Chief Financial Officer to defend and promote projects within their own division of a firm. This approach is also useful for the entrepreneur who must understand the concepts presented by bank managers and accountants, but who is most urgently in need of an understanding of key operational decisions in finance. Those who find the subject interesting may decide to continue in finance and expand their knowledge from these fundamentals to a broader understanding of capital markets, financial management of capital structure and corporations through additional courses available at the C- and D- level. The students will get an introduction and practical use business systems in order to understand business processes.
Upon successful completion of this subject, students will be able to: Describe key financial terms. Explain the basic principles of financial management. They will have the tools to assess the impact of business financial decisions and the capacity to calculate the value of projected cash flows. Explain the concept of risk as used in finance as well as being able to measure systematic and unsystematic risk. Apply capital budgeting techniques and undertake sensitivity analysis using spread sheets. At an introductionary level understand how to use business systems.
Univ: At least 22.5 passed ECTS from the course International Business Administration A (2FE012) or similar.
Lectures: Assigned chapters are to be read prior to lectures. Lectures on material related to and supplementing that in the text will be given. Lectures are a convenient way for students to have the fundamentals of the subject explained, to understand the priorities they should have in accessing the material and to have their interest in that material stimulated. Tutorials: Tutorials, where students prepare material before class and present it in class, provide students with examples of the processes and techniques employed in this subject. Tutorials allow students to work through the material and to raise questions to clarify issues that they did not understand. Workshops: There will also be workshops where students may work independently to become familiar with the techniques employed in the course while having immediate access to assistance as they work through their problems. Workshops provide the opportunity to test their knowledge in a safe environment where assistance is at hand if they become stymied. Workshops encourage students to become more self reliant and to develop self confidence in the subject. All teaching will be in English.
Tutorials: (Satisfactory or Unsatisfactory only) Student preparation for tutorials is essential. Tutorial assessment will be based on the students contribution to discussions. Those who do not demonstrate, orally, that they have read the material under discussion and prepared as much of that material as they were able prior to the tutorial will not perform satisfactorily. Note that it is not necessary to be correct in a response; often no single correct answer is available. Instead it is important that students understand the material assigned or are able to formulate appropriate questions to improve their understanding and that they intelligently participate in the tutorial. Tutorial tasks will be provided on the course web site at the beginning of the course. Spreadsheet Analysis: (30 % of course assessment) Students will be presented with a case study of an international business proposition to analyze. They will be expected to select, from that case, the key cash flow data that can be input into an interlinked spreadsheet budget and, using that information, perform a sensitivity analysis. They will be expected to print out their worksheet cell formulae as well as selected key outputs to support a written summary of their results. Assessment details will be presented with the case study. Posted assignments must be received by the due date/time. Examination details: (70 % of course assessment) The final exam, covering material presented in lectures, tutorials and workshops throughout the term will be held at a date to be set by the University. It will count toward 70% of the final mark and must be completed at a satisfactory level All examination will be in English Pass with distinction (Väl godkänd, Vg, 75% or more), Pass (Godkänd, G, 50% or more) Fail (Underkänd, U, less than 50%). In order to pass the course, the student must complete all parts of the examination i.e. reach 50% of the points of each part. To receive the grade pass with distinction, the student must reach at least 75% of the total points on the course. In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given on each occasion. Students who do not pass the written examination will be offered a re-examination opportunity within 2-3 weeks. Beyond that, additional opportunities to complete the written examination normally arise every academic year one-week prior to the start of the autumn term. When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. Guest lectures during the course might be used as basis for examination. Student who has passed an examination can not redo the examination to get a higher grading. Grades on the course are awarded when students have passed all examinations and compulsory course elements. Academic credit transfer. Academic credit transfers are according to the University credit transfer regulations.
The course is included in the International Business Program at Umeå School of Business. The course is also offered to exchange students within formal agreements.
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