Corporate Finance

Scholar Year: 2023/2024 - 1S

Courses

Head Teacher Responsability Nuno Miguel Delicado Teixeira Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 2 Lectures Type Teacher Classes Hours Theoretical-practical Totals 1 2,00 Nuno Teixeira   2,00

Teaching language

Portuguese

Intended learning outcomes (Knowledges, skills and competencies to be developed by the students)

• Analyze the methodologies and decision-making techniques that give answers to the problems of the company's finances, both theoretically and in practical terms, aiming mainly at the Portuguese reality.
• Provide participants with analytical and decision-making skills in areas such as the investment process, selection of funding sources and choice of dividend policy.
• Know the main problems and objectives of Business Finance.
• Know financial flows and master the system of financial planning and control of companies.
• To master the methodologies and techniques for evaluating the financial decisions of investment, financing and distribution of profits.

Syllabus

1. ANALYSIS OF HISTORICAL FINANCIAL PERFORMANCE
1.1. Economic analysis
1.2. Financial analysis
1.3. Monetary Analysis

2. TREASURY MANAGEMENT
2.1. Short-Term Financial Planning
2.2. Treasury Planning and Control Instruments
2.3. Short Term Financial Policies

3. INVESTMENT DECISION
3.1. Types of Investment Projects
3.2. Clearance of Cash Flows
3.3. Definition of yields to be required
3.4. Investment decision evaluation indicators
3.5. Risk and Uncertainty in Investment Projects
3.6. Methodologies for selecting different Investment Projects

4. FINANCING DECISION AND THE POLICY FOR DISTRIBUTION OF PROFITS
4.1. Types of Financing Sources
4.2. Funding Sources Assessment Models
4.3. Estimating Capital Cost Based on Capital Structure
4.4 Dividend Policy and Financing

5. CONTROL OF THE IMPLEMENTATION OF INVESTMENT PROJECTS
5.1. Accounting Optics versus Economic Optics
5.2. Profitability and Value Creation

Demonstration of the syllabus coherence with the UC intended learning outcomes

• Ability to work as a team;
• Capacity for decision-making and resolution of problems related to financial management;
• Ability of written expression and aptitude in the transmission and reception of ideas and information;
• Integrated reasoning ability;
• Capacity to implement and use information technologies;
• Specific skills to support management in the area of financial management;
• To know how to handle, apply and implement financial management methods, techniques and instruments;
• Demonstrate competence to pursue further advanced training studies.

Teaching methodologies

• Use of expository method, to introduce the theoretical concepts and the participative method for reflection on the contents.
• Use of expository and participatory methods for resolution of exercises and discussion of cases.

Demonstration of the teaching methodologies coherence with the curricular unit's intended learning outcomes

The assessment of knowledge consists of:

• Elaboration of a Group Work
• Testing

Group work consists of characterizing a company. This characterization should cover the topics discussed in class.

Assessment methodologies and evidences

Final evaluation:

The test has a weight of 50% and the work has a weight of 50%.
If the final grade of the Test or the Group Work is less than 10 values, the student may perform an evaluation of the resource.

Assessment of resource:

The appraisal of appeal shall consist of:

• Delivery of a Group Work
• Resource Examination
If the grade of the work or exam is less than 10 values, there is no approval.

The evaluation system for the special season is identical to that of the Resource Assessment.

Bibliography

Essential:
BREALEY, R. A. e Myers, S. C. (2007), Princípios de Finanças Empresarias, Mc Graw Hill, 8ª Edição.
DAMODARAN, A. (2001), Corporate Finance – Theory and Practice, John Wiley & Sons, 2nd Edition.
ESPERANÇA, J.P., MATIAS, F. (2005); Finanças Empresariais, Publicações Dom Quixote.
MENEZES, H. C. (2003), Princípios de Gestão Financeira, 9ª edição, Editorial Presença.
MOTA, A. G., Nunes, João Pedro e FERREIRA, M. A. (2004), Finanças Empresarias, Publisher Team.
NEVES, João Carvalho (2012); Análise e relato financeiro – uma visão integrada de gestão Empresa; 2ª edição; Texto Editores.
NEVES, João Carvalho (2011); Avaliação e Gestão da Performance Estratégica da Empresa; 2ª edição; Texto Editores.
NEVES, J. C. (2002), Avaliação de Empresas e Negócios, Mc Graw Hill.
…
Complementary:
BARROS, C. (2000), Decisões de Investimento e Financiamento de Projectos, Edições Sílabo.
BASTARDO, C. e Gomes, A. R. (1996), O Financiamento e as Aplicações Financeiras da Empresa, Texto Editora.
BRANDÃO, E. (2003), Finanças, Porto Editora.
SILVA, E. S. (2008), Gestão Financeira – Análise de Fluxos Financeira, Vida Económica.
VAN HORNE, J. C. (1998), Financial Management and Policy, Prentice Hall, 11th Edition.