《FinancialManagement》教学大纲本科

《教学大纲Financial ManagementA课程英文名Financial Management课程代码I0203Z00学分总学时理论学时实验/实践学时348480高数、线性代数、概率论与数理统计、货币课程类别专业课课程性质必修先修课程银行学、经济学原理适用专业金融工程开课学院经济与管理学院执笔人审定人制定时间年月20184

一、课程地位与课程目标-课程地位The mainaim of this moduleis toprovide arigorous groundingin thetheory andpractice of financial management.Financial managementis concernedwith theassessment of the investment and financingdecisions offirms.This moduleelaborateson theconcepts thatstudents wereintroduced toin the module foundationsof finance\Within thismodulestudents willgain knowledgeof thetheoretical foundationsunderlying muchof financial management practiceand learnhowthose theoriesshould beapplied inpractice.This module will exploreinvestmentandfinancing functionsof anorganisationin greatdetail bycovering suchissues asadvanced investmentappraisal,risk and return andtreasurymanagement.Students willalso beencouraged tocritically engagewith thesubject areaby reflectingupon theacademic theoriesthatunderpin financial management practice.Theories ofmarket behaviour,capital structure,dividend policiesand sharepricingwill beincorporated intothe syllabusto ensurewell roundedcoverage ofeach topic.This modulewill beassessed byan examination.Upon completionofthismodule,students shouldbe abletodemonstrate acomprehensive understandingof themain elementsof corporatefinancialmanagement.二课程目标This module,like allmodules atAnglia Ruskin,is taughton thebasis ofachieving intendedlearning outcomes.Onsuccessful completionofthemodule,the studentwill beexpected tobe ableto demonstratethe following:Knowledgeand understandingLO

1.Demonstrate knowledgeand criticalunderstanding ofessentialcomponentsof modernfinancialmanagement;LO

2.Explore complexityand contradictionsof currentacademicliterature andits implicationsforprofessionalpracticeJntellectuaLpracticaL affectiveLO

3.Apply problemsolving andanalyticskills toissues inand transferableskillscorporate finance;LO

4.Use specialisedtechnical,professional andacademic skillsin theanalysisof relevantspecific problemsin financialmanagement.The assessmentis basedon meetingthese learningoutcomes,shown explicitlyin section4,where theassessmenttask islinked tothese learningoutcomes.

二、课程目标达成的途径与方法课程目标达成的途径主要通过课堂教学，辅以课外作业的形式

三、课程目标与相关毕业要求的对应关系课程目标对毕业要求的支撑程度（、、）H ML课程目标毕业要求毕业要求毕业要求347课程目标1H H M课程目标2M HH课程目标3HM M课程目标4MML

四、课程主要内容与基本要求The tablebelow indicateshow themodulewillbe delivered.However,this scheduleis indicativeand maybe subjecttochange.No Topic Synopsis Sessions1Introduction to•Module Structureand Learningoutcomes;2hoursFinancial Management•Shareholder Wealthand StakeholderValues workshop/Activelearning2Economic Environmentfor2hours workshop/•An overviewoffinancialcrisis,early warningBusinessActive learningsignalsand cost;•The creditcrunch;•Key issuesimpact onMultinational Corporations;•The linkagesbetween macroeconomicindicatorsand microeconomicweaknesses atcorporatelevel;•Tactics tomanage financialcrises intheir earlydays;•To gainan overviewof differenthedgingtechniques.No TopicSynopsis Sessions3Capital andMoney2hours workshop/•Money andcapital markets;Markets Active learning•Equity andBond Markets;•Stock indices;•International informationtransmission;•Margin andShort-selling.Derivatives markets:•Option writer-option buyer;4Options.•Call andPut options;2hour workshop/•Trading strategies;Active learning5Risk and Return12hour workshops/Active learning•The conceptsof Risk andReturn;•Analysis ofthe pastperformance ofsecurities;•The relationbetween riskandreturnfor aportfolio;•The importanceand characteristicsof risk-freeassets;6Risk andReturn II:■The conceptof Portfolio Diversification;PortfolioDiversification•Passive versusactive investmentstrategies.2hour workshops/Active learning7Global financial4hour workshop/•Modern PortfolioTheory inthe internationalinterconnectedness:Active learningcontext;International Portfolio•Return andVolatility spillovers;Diversification•Meteor-shower andHeat-wave Hypotheses;•Global stockmarkets linkages.•Assessment briefexplainedInvestment Appraisal:8•IRR;4hour workshop/Payback,IRR,MIRRand•MIRR;Active learningNPV•Payback;•NPV.9Capital Structureand•Financial andbusiness risk;4hour workshop/Weighted AverageCost of•Capital Structure;Active learningCapital•Equity anddebt capital;•Cost ofdebt aftertaxes andcost ofequity;•CAPM model+6assumptions ofCAPM;•WACC.•Dividends;10Dividend Policy•High,low,stable dividends;4hour workshop/•Dividends asa residual.Active learning11Efficient market•Random walk;hypothesis•3forms ofEMH;2hour workshop/Active learning12Behavioural Financeand•Preparing formultiple choiceexam usingTechnicalAnalysis materialsprovided;2hour workshop/•Summary ofthemodule.Active learningNoTopicSynopsisSessions13Equity and Debt4hour workshop/Valuation•Fundamental analysis;Activelearning•Equity ValuationDCF,DDM,Gordon Growth;•Debt ValuationCorporate bonds.14Risk managementforeign•Exchange RateRisk;4hour workshop/currency andinterest rate•Forex;Active learningrisk•Spot andForward markets;•Students presentations.Exam revision15•Getting readyfor exam;4hour•Multiple choicequestions;workshop/Active•Practical exercise;learning•Questions/answers session•Summary ofthe Financial Management module彳、课程学时安排教学内容教学内容学时数学生任务对应课程目标Introduction toFinancial、1212ManagementEconomic Environmentfor作业、22112Business作业、32223Capital andMoney Markets、4423Derivativesmarkets:Options.5Risk andReturn I22RiskandReturn II:Portfolio作业、64334DiversificationGlobalfinancialinterconnectedness:、、74123InternationalPortfolioDiversificationInvestment Appraisal:Payback,IRR,MIRR andNPV作业、84434Capital StructureandWeighted AverageCost of作业、、、9451234Capital、10Dividend Policy

434、12114Efficient markethypothesisBehavioural Financeand

2、3124Technical AnalysisEquityandDebtValuation

3、

4134、、234Risk managementforeign作业1446currency andinterest raterisk

六、实践环节及基本要求序号实验项目学时基本要求实验性质实验类别

七、考核方式及成绩评定考核内容考核方式评定标准（依据）占总成绩比例过程考核含到课率及平时作业等上课点名考勤、对作业进行成绩评定20-50%期末考核闭卷对期末试卷进行评定50-80%考核类别考试成绩登记方式百分制

八、推荐教材与主要参考书、推荐教材1著，》，

[1]Hegde Sreepada;Hegde VijayalaxmiFinancial Management LAP Lambert Academic Publishing,2013年月版2，著，《》月

[2]Simon StanleyUgochukwu Financial ManagementLAP LambertAcademic Publishing,2011^12版、主要参考书2，《》

[3]Carlos Correia;David Flynn;Enrico Uliana;Michael WormaidFinancialManagementJuta年月版Company Ltd,20072，著《》年月

[2]Slaheddine TrabelsiFinancialManagementLAPLambertAcademicPublishing,20143。