All programmes > Course: Corporate Finance (TEW)

Corporate Finance (TEW) (B-KUL-D0T20A)

This is a translated version. Original version in Dutch.
6.0 ECTS Dutch 45.5 Second termSecond term Basic
Van Hulle Cynthia
POC Bachelor FEB

Aims

The main aim of this course is to provide students with a general frame of
mind to make decisions about investment, finance and dividend, while being
secure, as well as insecure. Next, based on the thus acquired financial-theoretical insights, important problems of company finance will be dealt with, via the integration of the relationship risk-output, the financial balance and the real economic surroundings. At the same time, a lot of attention will be paid to the practical relevance, so that, as a result, the students should be able to apply the acquired insights and be properly prepared to place practical problems of company finance in their right frame of mind. This course also provides a base for the different subbranches of finance that will be further illustrated in the program in specialized modules. 

Previous knowledge

Conditions
Students have (*) the following courses (or equivalents):
* finished successfully: /
* finished: D0E16A Inleiding tot de accountancy OR D0T07A Inleiding tot de
accountancy
Students are at least following the following courses (or equivalents) at the same time: D0E21A Statisitiek voor economisten OR D0T17A Bedrijfsstatistiek

Content

See description under Teaching Activities

Course material

Syllabus
Examples and samples
Toledo / e-platform

Is also included in other courses

Activities

6.0 ects. Corporate Finance (TEW) (B-KUL-D0T20a)

6.0 ECTS Dutch 45.5 Second termSecond term
Van Hulle Cynthia
POC Bachelor FEB

Content

Part 1 deals with investment analysis, starting from the theoretical foundations, as well as from practical applications. The thus constructed frame of mind will be developped in more detail to deal with the problem of the evaluation of companies and that of the dividend politics. In a logical next step part 2 will deal with the issue of the 'portefeuille theory', CAPM, efficient capital markets and the relationship with companies. Finally, we will round up with the theory of Modigliani and Miller regarding the impact of financial politics on the value of a company. Throughout this course theoretical insights will be constantly applied to exercises and illustrations will be provided via websites of companies, newspaper articles and year reports. Multiple case studies will also be dealt with. Throughout this module the most important insights of the financial theory will be discussed and their practical application will be explained without getting too mathematical/technical.  

Aims

After finishing this course, students are able:
- to judge investment projects through learnt financial techniques in a corporate context.
- to judge investment projects adjusted to the non-profit context.
- to apply all important corporate valuing techniques in exercises and mini-cases and to clearly show connections; to value a real SME.
- to give well-grounded advise concerning optimal investment strategies.
- to clearly explain the connection between returns and risks in a capital market.
- to have well-grounded discussions concerning the optimal dividend politics and capital structure of an enterprise.
- to calculate the impact of a change in the capital structure on the enterprise
value, the capital cost and the cost of the own property.
- to estimate the impact of an investment project on the cash needs of a company on the life cycle of a project, meaning to realize a financial planning.
- to soundly report financial news on companies and to comment on the stock market.

Course material

Used study material:
* C. Van Hulle, Bedrijfsfinanciering, ACCO Uitgeverij
* extra material is made available through Toledo (o.a. interactive database of exercises)
Complementing material:
H.Decan, S. De Klerck, E. Dieltjens, T. Frank, L. Gheysens, N. Huyghebaert, J. Janssen, L. Keuleneer, G. Van Campenhout, C. Van Hull, S. Van Uytbergen, Financieel management, een casestudieboek, Pearson, 2006

Evaluation

Evaluation : Corporate Finance (TEW) (B-KUL-D2T20a)

Mode of evaluation : Written
Category : final examination during examination period
Type of evaluation : Closed book

Explanation

Multiple choice + open questions.