UNIVERSITASINDONESIA

FACULTYOFECONOMICSANDBUSINESS
DEPARTMENTOFMANAGEMENT
UNDERGRADUATEPROGRAMINMANAGEMENT

Course

Code/No.OfCredit
Semester

Day/Hour

SYLLABUS

:FINANCIALMANAGEMENT
:MGMT12004/3Credit
:EVEN2013/2014
:WEDNESDAY/14.0016.30

A. Typeofcourse

:MandatoryFaculty
B. Courseprerequirement
:IntroductiontoBusinessandManagement
C. TeamTeaching

Lecturer:
No.
Name
EmailAddress
1
MonaRidhoSidjabat(Bhs.Ing)
mona_asist@yahoo.com
2
EkoRizkianto
eko_rizkianto1969@yahoo.com
3
Zuliani
zuliani_d@yahoo.com
4
DwiSulistyorini
rini.amidjono@gmail.com
5
SHaikal
highcal@gmail.com
6
RirienSetiati
ririen@gmail.com
7
ZalmiZubir
zalmi_zubir@yahoo.com
8
AdiVitharaPurba
adivithara@yahoo.com
9
LiyuAndhikaSari/Wardatul
liyu.as@gmail.com/wardah_adawiyah@yahoo.com
Adawiyah
Tutor:
No.
Name
EmailAddress
1
AnisWahyuIntanMaris
togafamily@yahoo.com
2
MayaNurAnnisa
maya.widani@gmail.com
3
MIrwanSetyawan
mohirwan.setyawan@gmail.com
4
MArdityaR
muhammadarditya@gmail.com
5
RiscaFleureta
risca.fleureta@yahoo.com
6
WahyuJatmiko
wahyu.feui10@gmail.com
7
NevyaWulandari
nevya.w@gmail.com
8
MariaMarcia
mariamarciatj@yahoo.com
9
NovikaDina
nvkdna@gmail.com

D. CourseDescription:
To enhance technical and financial analysis skills that must be owned by the individuals involved in the
management of corporate finance. It includes important decisions in the field of finance like investment
decisions, asset allocation decisions and financing decisions. Scope of this course is to provide an
understandingofthefinancialdecisionsinthecompanyconsistingofcapitalbudgeting,capitalstructureand
workingcapitalmanagement.

E.

CourseLearningGoals:
1.1.Abletoexplainfinancialstatement,taxandcashflow.
1.2.AbletoanalyzingfinancialratiosandDupontChart.
1.3.Abletoconstructcompanyfinancialprojection.
1.4.Abletocalculatingpresentvalueandfuturevaluesinglecashflowdanmultiplecashflow.
1.5.Abletovaluatingstockandbondprice.
1.6 Abletochooseoptimuninvestment(capitalbudgeting)..
1.7.Abletocalculatingriskandreturntradeoff.

1.8.Abletocalculatingcostofcapital.
1.9.Abletoexplainfinancialleverageandcapitalstructurepolicy.
1.10.Abletoexplainworkingcapitalmanagementandshorttermfinancing.
1.11.Abletoexplainconceptandpolicyofdividend.
1.12.Abletodescribecashmanagementandshortterminvestment.
1.13.Abletodescribecreditandinventorymanagement.

F. LearningMethod:
TeachingMethodtaketheformofStudentCenteredLearning(SCL),bymeansofInteractiveLecturing,
ExperientialLearning,CollaborativeLearningandCaseStudy.

G. CourseAssessment
Description
Weight(%)
ParticipationandPresentation

ExperientialLearning
10%
CollaborativeLearning1
5%
CaseStudy
10%
CollaborativeLearning2
5%
TotalParticipationandPresentation
30%
Assignments/HomeworkandQuizzes(Tutorial)
20%
MidExam
25%
FinalExam
25%
Total
100%

H. Listofreference
Recommendedtextbook:
Ross, Stephen A., Randolph W. Westerfield dan Bradford D. Jordan. Corporate Finance
Fundamentals.9thed.NewYork:McGrawHillCompaniesInc.(2009)

Referencebook:
Keown,ArthurJ.,JohnD.Martin.,J.WilliamPettydanDavidF.Scott,JR.FinancialManagement:
PrinciplesandApplications.10thed.UpperSaddleRiver,NJ:PearsonPrenticeHall.(2005)

I. CourseSchedule
Session
Topic
SubTopic
Reference

(Ross9 Ed)

12Feb
2014

Introductionto
Financial
ManagementCourse
Understandingof
financialstatements,
taxesandcashflow

1.
2.
3.
4.
5.
6.
7.
8.
9.

Financialimplicationsasaconsequenceofdifferentformsof
businessentity
Financialmanagementobjectives
Dutiesandfunctionsoffinancialmanager
Conflictsofinterestbetweentheownerandmanagerof
company
Varioustypesoffinancialmarkets
Thedifferencebetweenbookvalueandmarketvalue
Thedifferencebetweenprofitandcashflow
Thedifferencebetweentheaveragetaxrateaverageand
marginal
Developthecompany'scashflowsbyusinginformationfrom
financialstatements

Ch.01and
Ch.02

19Feb
2014

Evaluatethecompanys
financialperformance

1.
2.
3.
4.
5.

Sourcesandusesofcashversuscashflowstatement
Uniformfinancialreportstobecomparedwitheachother
Calculateandinterpretfinancialratios
CalculateandinterprettheanalysisresultsofDupontChart
DeficienciesandproblemsinaFinancialStatementAnalysis

Ch.03

26Feb
2014

Financialplanningand
corporategrowth.

1.

Financialplanningprocessandthelinkagesamongthevarious
financialdecisions
Financialplanusingthe"percentofsales"
Fourkindsofimportantdecisionsrelatedtolongtermfinancial
planning
Theimpactofcapitalstructurepolicyanddividendpolicyof
growingthecompany's

Ch.04

Calculate"futurevalue"andpresentvaluesinglecashflow
Calculatethe"return"ofaninvestment
Calculatetheamountoftheinvestmentperiodifithasbeen
known/established"presentvalue","futurevalue"and
interestrates
Solvetheproblems"timevalueofmoney"byusingtheExcel
program
Calculate"futurevalue"andpresentvaluecashflowmultiple
Calculatemortgagedebt
Calculatetherateofdebt
VariousmentionofInterestRate
Wayortopayoffdebtamortization

Ch.05and
Ch.06

Typesandfeaturesofbonds
Price/valueofbondsandwhyitfluctuates
Bondratinganditsmeaning
Theimpactofinflationoninterestrates
"Termstructure"ofinterestratesandaffectingtheamountof
"yield"bonds
Howthestockpriceisaffectedbythepaymentofdividends
anddividendgrowthrates
CalculatethestockpriceusingtheDividendGrowthModel

Ch.07and
Ch.08

Calculatethe"payback"and"discountedpayback"and
understandtheweaknesses
Calculatethe"accountingratesofreturn"andunderstandits
shortcomings
Calculatethe"internalrateofreturn"andunderstandthe

Ch.09

2.
3.
4.

5Mar
2014

Thetimevalueofmoney 1.
(ExperientialLearning) 2.

3.

4.
5.
6.
7.
8.
9.
5

12Mar
2014

Valuationofbonds
Valuationofstock

1.
2.
3.
4.
5.
6.
7.

19Mar
2014

CapitalBudgeting1:
1.
InvestmentCriteria
(CollaborativeLearning1) 2.

3.

4.
7

26Mar
2014

CapitalBudgeting2:Cash 1.
flow
2.
3.

advantagesanddisadvantages
CalculatethenetpresentvalueandunderstandwhyNPVis
thebestcriterion
HowtodeterminetheRelevantCashFlowsforthevarious
typesofinvestmentproposals
Calculatedepreciationexpensefortaxpurposes
Variousmethodsofcalculating"operatingcashflow"

Ch.10

MidExamination (28Mar9April)
8
CapitalBudgeting3:Project

Analysis
16Apr
2014

1.
2.
3.
4.

9
RiskandReturnTradeoff

23Apr
2014

1.
2.
3.
4.
5.
6.
7.
8.
9.

10

30Apr
2014

Thecostofcapitaland
capitalstructure(Case
Study)

1.
2.
3.
4.
5.
6.
7.
8.

11
LongTermCapital

(GuestLecture)
7May
2014

1.
2.
3.
4.

12

14May
2014

Dividend:Conceptsand
Policies(Collaborative
Learning2)

1.
2.
3.
4.

Differencesinbusinessriskandnotedthatfinancialrisk
BreakEvenAnalysisusingtechniquesforvarioussituations
analysis
ConceptofOperatingLeverage,FinancialLeverageand
LeverageCombined
CalculatingDOL

Ch.11

Calculatingreturnoninvestment
Understandingthehistoricalreturnsandhistoricalrisk
Understandingtheefficiencyofthemarketandits
implications
Calculatethe"expectedreturns"
Theimpactofdiversification
Understandingofsystematicrisk
Thedefinitionof"securitymarketline"
Thedefinitionof"riskreturntradeoff"
UsingtheCapitalAssetPricingModel

Ch.12and
Ch.13

Calculatethe"costofequitycapital"
Calculatethe"costofdebt"
Calculatethe"overallcostofcapital"
Weaknesses"overallcostofcapital"andhowtomanage
Theimpactof"financialleverage"againstthecashflowand
the"costofequity"
Theimpactofthetaxburdenandbankruptcyagainstthe
selectionofcapitalstructure
CalculatetheDFL,andDCL
Whycompanieswithhighriskbusinessareadvisedtochoose
thefinancialstructurewithlowDFL

Ch.14and
Ch.16

Understandmarketsandtheroleofventurecapitalinthe
financingofnewbusiness
Understandhowtheownershipofthesharessoldtothe
publicandtheroleofinvestmentbankers
Understandtheprimarymarketbiddingproceduresandcosts
"GoPublic"
Understandtherightstosharesissuedtoshareholdersand
howtoassess

Ch.15

Typesofdividendsandhowtheyarepaid
Importantissuessurroundingthedividendpaymentpolicy
Differencesin"cashdividends"and"stockdividends"
Stockrepurchasesasanalternativetothepaymentof
dividends.

Ch.17

13
WorkingCapital

ManagementandShort
21May TermCapitalFinancing
2014

1.

14

28May
2014

1.
2.
3.

CashManagementand
ShortTermInvestments
Receivables
ManagementandStock
/Inventory

2.
3.
4.

4.
5.
6.
7.
8.
9.

Componentsofthecashcycleandwhyitisimportantto
understand
Prosconsofvariouspoliciesprovidingshorttermfunds
PrepareCashBudget
Awideselectionofshorttermfundingsources
Howtomanagecash
Thecharacteristicsofvariousshorttermsecurities
UsingaModelBATandMillerOrrmodelandunderstandthe
differentassumptionsused
ImportantissuesregardingtheManagementofCredit
Theimpactofthe"cashdiscounts"
Evaluatetheproposedpolicylending
CreditAnalysiscomponent
ImportantcomponentofSupplyManagement
UsingtheEOQmodeltocalculate theoptimalinventorylevel

Ch.18

Ch.19
plus
Appendices,
Ch.20

FinalExamination (6June 17June)

Notes:
1. Foracoursewith3credits,thenumberoflearningsessionsminimum14sessionsandfortutorialsessions
minimum12sessions.
2. Studentsaremandatedtoattend80%ofalllearningsessionsasarequirementtobeabletotakefinal
exams.

J. Plagiarism
Plagiarismisthepresentationbyastudentofanassignmentthatcopiesawholeorapartofotherstudents
workoranyothersources(e.g.publishedbooks,webbasedmaterialorperiodicals)without
acknowledgementinthetext.Plagiarismmaytakeinseveralforms.Anyofthefollowings,withoutfull
acknowledgementofthedebttotheoriginalsource,countsasplagiarism:

Direct duplication, by copying others work, whether from books, articles, Web sites, other
studentsassignments,etc.;

Paraphrasingofothersworkclosely,withminorchangesbutwithessentialmeaningorform;

Submittingthestudentsownworkwhichhasalreadybeensubmittedforassessmentpurposes
inanothersubject(s);

ItistheuniversitypolicyasstatedintheFEUIRegulationbookthatcheatingbystudentsinanyformsisnot
permitted.Whereastudentissuspectedofplagiarismbyexaminers,thefollowingprocedureswillapply:

Firsttime,amarkofzeroforthepieceofassessment,maximumoffail(F)

Secondtime,afailgrade(F)forthesubject

Thirdtime,dismissalfromtheDepartmentofManagementFEUI

K. StatementofAuthorship
StudentsareobligedtoalwaysincludetheappropriateStatementofAuthorshipinfrontoftheirwritten
assignment.

StatementofAuthorship

I/Wecertifythatthissubmissionismyownwork/theworkofthegroup.Allsourcesusedbyme/thegroup
havebeendocumented.

Thispieceofworkhasnotpreviouslybeensubmittedforassessmentinthisoranyothersubjecteitherbyan
individualbyagroup.

Iacceptthatthissubmissionmaybescreenedtodetecttheexistenceofplagiarism.
Name

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StudentNumber
:
Signature
:
SubjectName
:
Title

:
Date

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Lecturer

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Signature
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