Vous êtes sur la page 1sur 6

Syllabus

Fundamentals of Financial Management 1


Credit units Code Facilitator Prof. R. Agus Sartono Office 3 units MAN2101 1. Prof. Dr. rer.soc. R. Agus Sartono, MBA 2. Dr. Firman Pribadi, MSi Fakultas Ekonomika dan Bisnis , Universitas Gadjah Mada Yogyakarta 55281 Deputi Bidang Pendidikan dan Agama Kementerian Kesejahteraan Rakyat Jl. Merdeka Barat No. 3 Jakarta Sartono.agus@ugm.ac.id Sartono.agus@menkokesra.go.id firman_pribadi@yahoo.com By appointment Introduction to Business The course introduces students to the fundamentals of finance especially the financial management of business corporations. First, we will review some fundamental concepts on financial management, the corporation and the financial manager, why corporations need financial market and institutions, and accounting and finance. Second, we will discuss the concept of value, including the time value of money, valuing bonds, valuing stocks, net present value and other investment criteria, using discounted cash-flow analysis to make investment decisions, and project analysis. Third, we will discuss the concept of risk, including introduction to risk, return, and opportunity cost of capital, risk, return and capital budgeting, and the weighted average cost of capital and the company valuation. Finally, we will discuss the current issues of related topics in financial management and summing up all discussed topics. We will also discuss some cases in financial management to improve our understanding on theories and practices of financial management. Learning Objectives After completion of this course, students are expected to be able to: 1.Identify and describe basic concepts and theories

E-Mail Address Consultatio n Time Prerequisite Course Description

Book and Reading Material Students Responsibili ties

in finance, especially the financial management of business corporations. 2.Identify critical point of financing decisions process, interpret financial statement. 3. Analyze risk and return, analyze financial statement (financial ratio), evaluate corporate operation and performance; distinguish financial performance, risk and return of companies from different industries characteristics. 4. Estimate cost of capital, .valuate corporate asset both real assets (capital budgeting, project analysis) and financial assets (bonds and stocks). 5.Analyze problems, weighing alternative solutions, and deciding the best possible solution to a companys problems or opportunities in the financial context. 1. Brealey, Richard A, Stewart C. Myers, and Alan J. Marcus. (2007), Fundamentals of Corporate Finance. 5th ed., McGraw-Hill, International Edition. 2. Additional materials will be distributed later. Class participation. Students are highly expected to contribute ideas, thoughts, experiences, and argument to the class discussion. Although overviews of key points and issues will be provided, we strongly recommend that students comprehend the materials in details, raise questions and ideas, and create a lively class, meaning that you must read and prepare readings assigned prior to coming to the class. Besides, students are encouraged to raise comments on, questions, or critiques to the other presenting groups.
Academic misconduct/dishonesty (cheating and plagiarism) would lead to serious academic penalty. Students are expected to behave as a mature and decent people.

Academic conduct and behavior:

Absenteeis m Learning method

Predicted on FEB UGM regulation, students are required to attend 100% of total lectures held. Any violations against this rule may render the final grade penalized.
Classical lecture and discussions are the main methods. Exercise in class, quiz, and assignments are provided to help students mastering analytical ability.

An experiential approach. Continuously and consistently, students are assigned to construct experiential observations on managerial cases and practices, and subsequently report the findings to the instructor.

Internet exploration. Students are encouraged to harness the advancement of information technology in exploring knowledge and opportunities. Remember that in current circumstances, a clever person is not she being able to answer all questions; rather, it knows where to find answers. Case analysis. Student will be randomly distributed into groups. Besides functioning as a discussion forum, the group is required to submit a case analysis report. It is expected that the student works diligently on these cases so as to apply theoretical concepts to real problems and develop students analytical, problem solving, and collaborative skills. The length of the case write-up must not exceed ten pages of A4-sized paper, not including figures, tables, charts, or other appendices. The report has to be typewritten with 1.5-spaced text system. Quantitative analysis supporting recommendations may be attached in appendices whilst figures, table, or charts summarizing the quantitative analyses can be included in the text. Grading will be based on five criteria: (1) clarity, (2) completeness, (3) conciseness, (4) correctness, and (5) consistency. Late submissions will not be accepted without prior approval of the lecturer. All request for extension should be directed to lecturer(s) by e-mail at last two days before due date for submission. Extensions will be granted for medical reasons upon receipt of medical certificate, or in exceptional circumstances in consultation with the individual lecturer. Examinations. Mid-term and final test purport to examine students knowledge and understanding on concepts learnt in the lectures. Grading WEIGHT SCORE: Assignment and Class participation : 20% Quiz : 20% Mid-Term Exam : 30% Final Exam : 30%

Topics and Learning Goals


Sessi on Topic(s) K A Learning Goals R Co Cl Ld E S S s s C I C Source s

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

11. 12. 13. 14.

The Corporation and the Financial Manager Why Firms Need Financial Markets and Institution Accounting and Finance The Time Value of Money Valuing Bonds Valuing Stocks Net Present Value and Other Investment Criteria Using Discounted CashFlow Analysis to Make Investment Decision Project Analysis Introduction to Risk, Return, and the Opportunity Cost of Capital Risk, Return and Capital Budgeting The Cost of Capital and Company Valuation Current Issues in Corporate Finance Summing up of the all Topics

V V V V V V V V V V V V V V V V V V V V V V V V V

BMC 1 BMC 2 BMC BMC BMC BMC 3 4 5 6

V V

V V

BMC 7 BMC 8 BMC 9 BMC 10

V V V V

V V V V V V V V V V

V V V V V V V

BMC 11 BMC 12 TBA BMC 112

KA = Knowledge acquisition; RS = Research Skill; CoS = Communication Skill ClS = Collaborative Skill; LdS = Leadership Skill; EC = Ethical Conduct; IC = Innovative Capability

Learning Outcome, Cognitive Objectives, and Types of Assessment


N o 1 Learning Outcome Identify and describe basic concepts and theories in finance, especially the financial management of business corporations. Identify critical point of financing decisions process, interpret financial statement. Cognitive Where Objectives to Measur A A K C S E e p n How to Measure Questions require students to describe concept and theories.

V V

Exam

V V

Course embedd ed discussi on

Analyze risk and return, analyze financial statement (financial ratio), evaluate corporate operation and performance; distinguish financial performance, risk and return of companies from different industries characteristics. Estimate cost of capital, valuate corporate asset both real assets (capital budgeting) and financial assets (bonds and stocks) Analyze problems, weighing alternative solutions, and

V V V

Course embedd ed case study

V V V

Course embedd ed case study

V V V

V V Course embedd ed case study

Class discussion requires students to describe and explain corporate financial decisions. Written report paper and team presentation in analyzing, evaluating, and distinguishing firm performance from different industries characteristics. Written report paper and team presentation in estimate cost of capital and valuate assets. Written report paper and team presentation in

deciding the best possible solution to a companys problems or opportunities in the financial context.

analyzing selected case of firms in particular industries.

K = Knowledge; C = Comprehension; Ap = Application; An = Analysis; S = Synthesis; E = Evaluation.