Financial management

Description: The discipline is designed to form students' theoretical and methodological knowledge of the basics of financial management, its goals, objectives, methods and principles, to develop practical skills in effective asset management, equity and liabilities, portfolio investments, cash flow regulation, assessment and risk management of the company, determining its value. As a result of studying the discipline, the student acquires competencies in the field of financial planning of the company, optimization of its capital structure, formation of sources of financing and development of capital management policy.

Amount of credits: 5

Пререквизиты:

• Enterprise Economics

Course Workload:

Component: Component by selection

Cycle: Profiling disciplines

Goal

• Formation of students' deep theoretical knowledge on the basics of financial management, the ability to link theory with the practice of developing basic techniques, methods and criteria that determine the effectiveness of operational activities, financial and investment decisions.

Objective

• 1) systematic training of students in the goals, objectives, methods and principles of modern financial management; 2) disclosure of common approaches to financial management at all levels of management; 3) teaching students the correct understanding and interpretation of financial information and working with it; 4) students acquire new knowledge of the theoretical foundations of management in general and financial, in particular, mastering the basic techniques and criteria that determine the effectiveness of a management decision in the field of finance. 5) developing students' skills and abilities to use the main categories and principles of modern financial management in practice, including: criteria for choosing capital investments, financial planning of the company, optimization of capital structure, formation of sources of financing and capital management policies, assessment of the financial position and value of the company, assessment and risk management of the corporation, asset portfolio management and investment projects.

Learning outcome: knowledge and understanding

• fundamentals of financial management, structure and content of financial planning
• composition, structure, principles of organization and management of the financial system;
• models and methods for assessing the assets of the corporation, the value and structure of capital, securities portfolio, leverage, the effectiveness of investment projects and ways to achieve growth in the market value of the company
• functions of finance, their role in expanded reproduction, the possibility of using financial relations in the economic and financial policy of the enterprise and their implementation through the financial mechanism;

Learning outcome: applying knowledge and understanding

• ability to assess cash flows, assets and liabilities, financial portfolio, financial risks, investment projects, resource requirements and plan their use in solving tasks in professional activities;
• ability to analyze modern financial problems and find ways to solve them;
• ability to predict investment options, evaluate them and make a final decision;
• ability to analyze and evaluate the economic efficiency of capital investment measures; the ability to identify and evaluate the costs of an enterprise in order to form a management system for them as a factor in improving financial performance;

Learning outcome: formation of judgments

• способность правильно понимать и содержательно интерпретировать финансовую информацию и работать с нею;
• способность объективно оценить финансовое состояния фирмы и на этой основе разработать и обосновать предложения по его улучшению с учетом критериев эффективности, рисков и возможных социально-экономических последствий

Learning outcome: communicative abilities

• способность работать в команде для реализации конкретного финансово-экономического проекта, корректно отстаивать свою точку зрения, предлагать новые решения; способность легко адаптироваться в профессиональной среде, быть гибким и мобильным в различных условиях и ситуациях, связанных с профессиональной деятельностью финансового менеджера; соблюдение норм деловой этики, следование общественным нормам и профессиональному кодексу чести работника финансовой сферы.

Learning outcome: learning skills or learning abilities

• владение навыками приобретения новых специальных знаний, необходимых для осуществления профессиональной деятельности и продолжения образования в магистратуре; стремление к профессиональному и личностному росту; умение использовать информационно-коммуникативные технологии, программные продукты в сфере финансового анализа, планирования, управления проектами

Teaching methods

During the training sessions, the use of the following educational technologies is provided: - interactive lecture (the use of the following active forms of learning: guided (guided) discussion or conversation; moderation; demonstration of slides or educational films; brainstorming; motivational speech); - creation of scenarios for the development of various situations based on specified conditions; - information and communication (for example, classes in a computer classroom using professional application software packages); - search and research (independent research activity of students in the learning process); - solving educational tasks.

Assessment of the student's knowledge

Teacher oversees various tasks related to ongoing assessment and determines students' current performance twice during each academic period. Ratings 1 and 2 are formulated based on the outcomes of this ongoing assessment. The student's learning achievements are assessed using a 100-point scale, and the final grades P1 and P2 are calculated as the average of their ongoing performance evaluations. The teacher evaluates the student's work throughout the academic period in alignment with the assignment submission schedule for the discipline. The assessment system may incorporate a mix of written and oral, group and individual formats.

The evaluating policy of learning outcomes by work type

Evaluation form

The student's final grade in the course is calculated on a 100 point grading scale, it includes:

• 40% of the examination result;
• 60% of current control result.

The final grade is calculated by the formula:

 

Where Midterm 1, Midterm 2are digital equivalents of the grades of Midterm 1 and 2;

E is a digital equivalent of the exam grade.

Final alphabetical grade and its equivalent in points:

The letter grading system for students' academic achievements, corresponding to the numerical equivalent on a four-point scale:

Topics of lectures

• Необходимость, содержание и функции финансового менеджмента Сущность финансового менеджмента
• Тема 2 Базовые концепции и информационная база финансового менеджмента
• Финансовое планирование и прогнозирование Сущность финансового планирования
• Финансовые ресурсы предприятия
• Концепция временной стоимости денег Определение будущей и текущей стоимости денег
• Риск и доходность
• Теория безубыточности
• Эффект финансового рычага
• Теория структуры капитала: модели Модельяни-Миллера, компромиссные модели Что такое структура капитала
• Управление дивидендной политикой предприятия Главный вопрос дивидендной политики
• Стоимость капитала Сущность капитала
• Методы анализа инвестиционных проектов
• Управление оборотными активами и краткосрочными обязательствами Состав оборотных активов предприятия и особенности финансового управления ими
• Модели управления денежными потоками Сущность управления денежными потоками
• Управление запасами Цель управления запасами

Key reading

• Бланк И.А. Основы финансового менеджмента: Учебный курс. - М.: Омега-Л, 2012.- 1330 с.
• Ковалев В.В. Финансовый менеджмент: теория и практика - М.: Проспект, 2010. -1024 с.
• Куур О.В. Финансовый менеджмент: меры по антикризисному управлению: Учебное пособие. - Усть-Каменогорск: КАСУ, 2010. – 113 с.
• Principles of Corporate Finance, 10th Edition 10th Edition ' Richard A. Brealey (Author), Stewart C. Myers (Author), Franklin len (Author), 2015.
• Финансовый менеджмент: теория и практика: Учебник/ Под ред. Е.С. Стояновой. – М.: Перспектива, 2010. – 574 с.
• Аленичева Е.Е. Қаржы менеджменті. - Қарағанды: Қазтұтынуодағы Қарағанды экономикалық университеті, 2011. – 212 б.
• Есенгельдин Б.С. Қаржылық менеджмент. - Алматы : ЖШС РПБК «Дәуір», 2011. - 286 б.
• Мадиярова Э.С., Суйеубаева С.Н. Қаржылық менеджмент. – Алматы: Экономика, 2009. – 262 б.

Further reading

• Брейли Р., Майерс Принципы корпоративных финансов.- Олимп-Бизнес, второе издание, 2008. – 1012 с.
• Финансовый менеджмент: Учебник/ Под ред. А.М.Ковалевой. - М.: ИНФРА-М, 2013. – 336 с.
• Куур О.В., Козлова М.В. Финансовый менеджмент. Конспект лекций. - Усть-Каменогорск: ВКГТУ, 2010. - 96 с.
• Мадиярова Э.С., Суйеубаева С.Н. Қаржылық менеджмент. – Алматы: Экономика, 2009. – 262 б.