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Corporate Finance 2017/2018

  • 5 ECTS
  • Taught in Portuguese
  • Continuous Assessment

Objectives

It is intended that at the end of this course, students become empowered to:
• Interpret correctly the financial demonstrations and distinguish the different types of economic and financial indicators, according to the type of analysis to be carried out;
• Interpret the results of the indicators individually and integrated;
• Prepare a report on the economical-financial situation of the organizations;
• Distinguish the different types of financial decisions in a company;
• Understand the relationship between the politics of corporate finance and financial stability concerns.

Recommended Prerequisites

Basic knowledge of accounting and mathematics.

Teaching Metodology

A methodology characterized by the coexistence of the exhibition model with the interactive model and shall be encouraged to active participation of students in classes. The explanation of the theory focuses on major concepts, transmitted briefly, encouraging students to research. Throughout the semester, students are required to participate actively in class to apply knowledge, being this participation seen as an important part in their preparation for the evaluations.
Practical problem solving (case studies) will be made.
Feedback on the results of the evaluation moments as they are occurring will be given. In addition to the academic periods, students will be escorted by the UC teacher’s service hours.

Body of Work

1. THE FINANCIAL FUCTION IN A COMPANY
1.1. Importance of the financial function
1.2. Evolution of financial function
1.3. The company and the financial system
2 . ANALYSIS OF THE ECONOMICAL AND FINANCIAL STATUS
2.1. Objectives and methods of financial analysis
2.2. Stages of financial diagnosis
2.3. Financial analysis’ basic instruments
3 . METHODS AND TECHNIQUES OF FINANCIAL ANALYSIS
3.1. The use of ratios
3.2. The use of comparison standards
3.3. Static analysis versus dynamic analysis
3.4. Other analysis techniques
4 . FINANCIAL DIAGNOSIS OF THE COMPANY
4.1. Preparation of financial demonstrations
4.2. Financial balance’s analysis
4.3. Analysis of profitability
5. THE CAPITAL STRUCTURE OF THE COMPANY
5.1. Own capitals
5.2. Other people’s capital
5.3. Great capital structure and capital’s cost
5.4. Corporate financing standards
5.5. Financing

Recommended Bibliography

- Bastos, C. (2016). Finanças Empresariais – Teoria e Prática. Edições Sílabo, 1ª Edição, Lisboa.
- Brealey, R., Myers, S. e Allen, F. (2007), Princípios de Finanças Empresariais, McGraw-Hill, 8ª edição, Lisboa.
- Breia, A.; Mata, M.; Pereira, V. (2014). Análise Económica e Financeira. Editora Rei dos Livros, Carcavelos.
- Fernandes, C., Peguinho, C., Vieira, E. e Neiva, J. (2015). Análise Financeira: Casos Práticos – Aplicação no âmbito do SNC, Edições Sílabo, 1ª Edição, Lisboa.
- Fernandes, C., Peguinho, C., Vieira, E. e Neiva, J. (2016). Análise Financeira: Teoria e Prática – Aplicação no âmbito do SNC, Edições Sílabo, 4ª Edição, Lisboa.
- Martins, António, Introdução à Análise Financeira de Empresas, Vida Económica, 2002.
- Mota et al. (2015). Finanças da Empresa - Teoria e Prática. Edições Sílabo, 5ª Edição, Lisboa.
- Neves, J. C. (2012). Análise e Relato Financeiro - Uma Visão Integrada de Gestã

Sistema de b-elearning da UPT – Moodle (http://elearn.uportu.pt/).
Ver bib

Complementary Bibliography

- Monteiro, C.; Almeida, F. (2010). Análise de Balanços e Estudos de Indicadores Económicos com base nos Modelos de SNC. Acção de Formação da Ordem dos Técnicos Oficiais de Contas. OTOC.
- Megginson, W. e Smart, S. (2006), Introduction to Corporate Finance, Thomson South-Western.

Weekly Planning

1
Presentation.
1. THE FINANCIAL FUCTION IN A COMPANY
1.1. Importance of the financial function in the company

2
1.2. Evolution of financial function
1.3. The company and the Portuguese financial system


2 . ANALYSIS OF THE ECONOMICAL AND FINANCIAL STATUS OF THE COMPANY
2.1. Objectives and methods of financial analysis

3
2.2. Stages of financial diagnosis
2.3. Financial analysis’ basic instruments

4
3 . METHODS AND TECHNIQUES OF FINANCIAL ANALYSIS
3.1. The use of ratios
3.2. The use of comparison standards

5
3.3. Static analysis versus dynamic analysis
3.4. Other analysis techniques
4.2. Financial balance’s analysis

6
Case study

7
4 . FINANCIAL DIAGNOSIS OF THE COMPANY
4.1. Preparation of financial demonstrations for analysis

8
Test knowledge assessment.
4.2.1 . Short term financial balance and liquidity analysis

9

4.2.2 . Medium/long term financial balance and solvency analysis
Case study.

10
4.3. Analysis of profitability
4.4. Risk Analysis.
Case study.

11
5 . THE CAPITAL STRUCTURE OF THE COMPANY AND ALTERNATIVE FUNDING
5.1. Own capitals
5.2. Other people’s capital


12
5.3. Great capital structure and capital’s cost
Case study.

13
5.4. Corporate financing standards
5.5. Short-term financing versus medium / long term financing

14
Case study.
Group work.

15
Case study.
Written test evaluation

Demonstration of the syllabus coherence with the curricular unit's objectives

For the purpose of interpreting the results of individual indicators and integrated manner, are studied and conducted practical exercises on methods and techniques of financial analysis.
As to the objectives of preparing a report on the economic and financial situation of organizations and distinguish the different types of financial decisions present in a company, are studied and conducted practical exercises on ratios, analysis of financial stability, profitability and risk, as well as capital structure of companies.
For the purpose of understanding the relationship between the politics of corporate finance and financial stability concerns, we present the different theories and practical exercises performed on the balance of treasury and asset liability management.

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

For all learning objectives the expository method with brainstorming and reasoned opinion expression is used. Through the use of a methodology exhibition, an interactive model and encourage the participation of students aims to operationalize concepts and knowledge of the concepts of financial function of the company and the analysis of economic and financial situation of the company and methods and financial analysis techniques.
. Students are encouraged to develop a permanent research activity, develop skills within the financial assessment of the company and financial short-term decisions.
Through brainstorming and permanent resolution of problems, we aim to understand the capital structure of companies.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Adapting to new situationsYes 
Analytical and synthetic skillsYesYes
Commitment to effectivenessYesYes
Commitment to qualityYesYes
Ethical and responsible behaviourYesYes
Event organization, planning and managementYesYes
Information and learning managementYes 
IT and technology proficiencyYes 
Problem Analysis and AssessmentYesYes
Problem-solvingYesYes
Relating to othersYesYes
Research skillsYes 
TeamworkYesYes
Working in international contextYesYes
Written and verbal communications skillsYes 
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