Curricular Unit:Code:
Quantitative Methods and Accounting for Managers811MQCG
Year:Level:Course:Credits:
1MasterBusiness Sciences6 ects
Learning Period:Language of Instruction:Total Hours:
Winter SemesterPortuguese/English78
Learning Outcomes of the Curricular Unit:
Part A: To understand the importance of business forecasting in decision-making, to apply quantitative forecasting methods to case-study scenarios, and to select the most appropriate method. To understand the importance of linear programming as a management tool, to identify situations where it can be used, to solve linear programming problems and to report results.
Part B: To recognize accounting as part of the management practice. To understand and apply the key financial analysis tools and techniques, that allow elaborating a financial diagnosis.
Part A and B: To be able to adapt techniques to new scenarios, with a high degree of autonomy and to report results, and the knowledge and rationale underpinning those results, clearly and unambiguously.
Syllabus:
Part A Quantitative methods for management: quantitative forecasting methods (selection criteria, moving averages, smoothing methods, linear regression); linear programming ((mathematical formulation and properties; graphical solution; spreadsheet modeling and optimization; sensitivity analysis and duality).
Part B Accounting for managers: basic accounting concepts (Portuguese standards and financial statements); financial analysis (financial equilibrium and profitability analysis).
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
1 Forecasting. Allows understanding the importance of forecasting in decision-making by presenting its nature, scope and methodology. Allows applying forecasting techniques through case studies. Allows selection the most appropriate method by analysing different selection criteria.
2 Linear programming. Allows understanding LP modelling, by identifying the variables, the objective and constraints, solving the problem using specific software and by interpreting the solution.
3 Basic concepts of accounting. Allows understanding the importance of accounting in decision-making by presenting Portuguese accounting standards (Sistema de Normalização Contabilística - SNC).
4 Economic and Financial Analysis: Allows preparation an economic and financial analysis by calculating and by using a critical approach in interpreting financial ratios.
Teaching Methodologies (Including Evaluation):
The teaching methodology is explanatory and participatory in nature and includes the presentation of concepts, together with practical examples and the resolution and analysis of case studies. Continuous assessment consists in two intermediate tests (weighting 50% in the final grade and to be done during the lectures period) or a case study (only considered as an option if there are less than 10 students enrolled in the course, which allows an individual supervision of the papers).
Final Exam (regular examination period, reassessment examination period, special examination period) consists in one final exam in accordance with UFP's evaluation regulations.
In intermediate test or exam covering Part A of the contents, students may consult the contents of two A4 sheets of paper that they prepared themselves.
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
The combination of theoretical presentations and problem-solving tasks enables students to acquire specific theoretic knowledge in sales forecasting, linear programming and financial analysis, as well as to practice its application to specific case-scenarios.
Reading:
Caiado, J. (2016). Métodos de Previsão em Gestão, 2/e. Lisboa: Edições Sílabo.
Fernandes, C., Peguinho, C., Vieira, E. e Neiva, J. (2019). Análise Financeira – Teoria e Prática, 5ª Edição, Lisboa, Edições Sílabo
Hillier, F. S. and Hillier, M. S. (2019). Introduction to Management Science: A Modelling and Case Studies Approach with Spreadsheets, 6/e. New York: McGraw Hill.
Makridakis, S., Spiliotis, E., and Assimakopoulos, V. (2018). The M4 Competition: Results, findings, conclusion and way forward. International Journal of Forecasting. https://doi.org/10.1016/j.ijforecast.2018.06.001
Taylor III, B. W. (2019). Introduction to Management Science, 13/e. Pearson.
Sistema de Normalização Contabilística. Aprovado pelo Decreto-lei 158/2009. [Em linha]. Disponível
Williams, J. R., Haka, S. F., Bettner, M. S. and Carcello, J. (2018). Financial accounting, 17th ed. New York: McGraw-Hill.