Veidlapa Nr. M-3 (8)
Study Course Description
Financial Management
Course Code
SBUEK_091
Branch of Science
-
ECTS
6.00
Target Audience
Business Management
LQF
Level 7
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Inna Dovladbekova
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
The aim of the course is to provide students with theoretical and practical knowledge of the methods and forms of financial management of international business, the decision making process in the field of financial management and the impact of these decisions on company financing, asset management, investments, value creation, and profitability.
The course consists of theoretical and practical parts. The theoretical part will deal with theoretical aspects of financial management: asset valuation, financial analysis and planning tools, working capital and investment management, medium- and long-term financing, company value, dividend policy, etc. The practical part involves solving tasks and analysing specific situations.
Preliminary Knowledge
The course requires students to have preliminary knowledge of economics, accounting, and finance.
Learning Outcomes
Knowledge
1.Recognising the theoretical guidelines of financial management science, identifying development tendencies thereof in today’s international environment. Defining the basic principles and methods of sustainable financial management of enterprises, explaining the necessity of using different financial instruments in entrepreneurship, describing the methods of financial analysis, planning, and forecasting.
Skills
1.Applying theoretical knowledge and using the acquired skills in practical activities to analyse, identify and solve practical financial management problems, as well as make informed financial management decisions appropriate to the situation. Assessing the financial environment of the business, applying methods of financial analysis to evaluate the operations and development of the company, selecting appropriate sources of financing for the company, planning long-term investments and optimising capital structure and profit. Substantiating and offering advanced solutions in financial management of the company, using methods of scientific and practical analysis.
Competences
1.Based on the acquired theoretical and practical knowledge, students perform financial analysis, planning and management functions in the company, formulate financial management problems and offer substantiated solutions, integrate financial management issues in the overall company strategy. Students independently select and analyse information on financial management issues at the company, on industry and international level.
Assessment
Individual work
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Title
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% from total grade
|
Grade
|
|---|---|---|
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1.
Individual work |
-
|
-
|
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Individual and group work during seminars, completing homework, and case studies.
In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
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Examination
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Title
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% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
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|
Accumulated grade: attendance at lectures (5%), participation in practical classes (activity and quality of answers, exercises) (30%), performance of homeworks (25%), exam (40%).
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Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Development of financial management theory and its role in entrepreneurship, the legal, tax and financial environment of entrepreneurship. Business tax environment in Latvia. Tax planning in entrepreneurship.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Development of financial management theory and its role in entrepreneurship, the legal, tax and financial environment of entrepreneurship. Business tax environment in Latvia. Tax planning in entrepreneurship.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of assets: relationship between the current value and future value, periodic payments (annuity).
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of assets: relationship between the current value and future value, periodic payments (annuity).
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of assets: relationship between the current value and future value, periodic payments (annuity).
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investment management, long-term investment planning methodology.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Investment management, long-term investment planning methodology.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financing sources. Internal and external funding sources. Long-term and short-term financing. Capital cost and structure. CAPM. Operational and financial leverage.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financing sources. Internal and external funding sources. Long-term and short-term financing. Capital cost and structure. CAPM. Operational and financial leverage.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financing sources. Internal and external funding sources. Long-term and short-term financing. Capital cost and structure. CAPM. Operational and financial leverage.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Corporate restructuring. Merger and acquisition processes.
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Total ECTS (Creditpoints):
6.00
Contact hours:
40 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Development of financial management theory and its role in entrepreneurship, the legal, tax and financial environment of entrepreneurship. Business tax environment in Latvia. Tax planning in entrepreneurship.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financial statements. Financial planning. Financial analysis and planning tools.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of assets: relationship between the current value and future value, periodic payments (annuity).
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Valuation of long-term securities. Bonds as a financial management tool and bond valuation. Stocks as a financial management tool and stock valuation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Company financing sources. Internal and external funding sources. Long-term and short-term financing. Capital cost and structure. CAPM. Operational and financial leverage.
|
Total ECTS (Creditpoints):
6.00
Contact hours:
24 Academic Hours
Final Examination:
Exam (Written)
Bibliography
Required Reading
1.
Richard A. Brealey, Stewart C. Myers, Alan J. Marcus. Fundamentals of Corporate Finance. McGraw Hill, 10th ed., 2020, 728 P
2.
Richard A. Brealey, Stewart C. Myers, Franklin Allen. Principles of Corporate Finance. McGraw Hill, 13th ed., 2020, 918 P.
3.
Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan. Essentials of Corporate Finance. McGraw Hill, 10th ed., 2020
Additional Reading
1.
Stanley Foster Reed, Alexandra Lajoux, and H. Peter Nesvold. The Art of M&A: A Merger Acquisition Buyout Guide. McGraw-Hill/Irwin, 4th ed., 2007, 1049 P.
2.
Application of Generally Accepted Accounting Principles. John Wiley&Sons, 2008, 1276 P.
3.
Vladimirs Kozlovs. Investīciju projektu ekonomiskais novērtējums. Rīga: Latvijas hipotēku un zemes banka. 2005, 139 lpp.
4.
Marita Rurāne. Finanšu menedžments. Rīga: RSEBAA, 2006, 383 lpp.
5.
Sociālais kapitāls un darbinieku finansiālā līdzdalība uzņēmuma konkurētspējas un inovāciju veicināšanā. I.Dovladbekovas un Ē.Šumilo redakcija, RSU, 2018.
6.
James C. Van Horne, John M. Wachowicz, Jr. Fundamentals of Financial Management. Prentice Hall, 13th ed., 2015, 719 P.
7.
Valērijs Praude. Finanšu instrumenti 1 (Ieguldījumi, darījumi, analīze). Rīga: Burtene, 2009, 446 lpp.
8.
Valērijs Praude. Finanšu instrumenti 2 (Ieguldījumi, darījumi, analīze). Rīga: Burtene, 2010, 487 lpp.
Other Information Sources
1.
Starptautiskie dati par kapitāla un parādu cenu
2.
Uzņēmuma izvērstā analīze. LURSOFT.
3.
Capital Finance International: CFI.co
4.
CFA Institute Financial Analysts Journal.
5.
LURSOFT datu bāzes.
6.
Nasdaq biržas uzņēmumu finanšu pārskati.
7.
Annual Report on Taxation 2023
8.
Taxation Trends in the European Union. Data for the EU Member States, Iceland and Norway, 2022 Edition
9.
Financial markets and interest rates