Curricular Unit:			Code:
Financial Management			870GFIN
Year:	Level:	Course:	Credits:
2	Undergraduate	Commercial Management and Accounting	8 ects
Learning Period:		Language of Instruction:	Total Hours:
		Portuguese/English	104
Learning Outcomes of the Curricular Unit:
Objectives: To understand basic concepts, instruments and techniques of financial analysis. To calculate and understand critically the main financial indicators. Within Portuguese accounting plan and rules, to prepare a diagnosis of a firm’s economical/financial situation, namely in what concerns the firm’s financial equilibrium and profitability. To distinguish different types and sources of capital (equity and debt). To understand and apply concepts related to the amortization of loans. Skills: development of a diagnosis of the financial situation of companies, in particular as regards to financial stability and profitability; selection of appropriate funding sources; adaptation to new situations; autonomy.
Syllabus:
Corporate finance/ analysis tools and techniques. Financial statement analysis using the Portuguese accounting standards: financial stability solvency, liquidity and profitability. Corporate financing: equity and debt.
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
Part I allows to understand basic concepts, instruments and techniques of financial analysis, by recognizing in accounting a major source of information for financial analysis, preparing accounting statements for financial analysis and using and selecting analysis techniques. Part II allows to establish the financial stability diagnosis, by calculating and critically interpret different indicators. Part III allows to establish a profitability diagnosis, by calculating and critically interpret different profitability indicators embedded in a DuPont analysis on the return on equity. Part IV allows to distinguish different types and sources of capital (equity and debt), by characterizing the different forms of financing, and to understand and apply concepts related to the amortization of loans, by using financial calculus principles.
Teaching Methodologies (Including Evaluation):
The course resorts to theoretical presentations, conceptual clarification and computational calculation. Lessons combine theory and practice, and case-study scenarios are analysed. Assessment is based on two midterm tests (40% + 40%) and written report (20%).
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 financial management, as well as to practice its application to specific case-scenarios.
Reading:
Banco de Portugal (2014). “Quadros do setor e quadros da empresa e do setor - notas metodológicas - série longa 1995-2013”. Estudos da Central de Balanços nº 19. Lisboa: Banco de Portugal. Disponível em online. Fernandes, C., Peguinho, C., Vieira, E. e Neiva, J. (2016). Análise Financeira – Teoria e Prática, 4ª Ed.. Lisboa: Edições Sílabo. Matias, R. (2018). Cálculo Financeiro, Teoria e prática, 6ª Ed. Lisboa: Escolar Editora. Mota, A., Barroso, C. Nunes, J. e Ferreira, M. (2015). Finanças da Empresa – Teoria e Prática, 5ª Ed. Lisboa: Edições Sílabo. Nabais, C. e Nabais, F. (2011). Prática Financeira I - Análise Económica e Financeira - 6ª Ed. Atualizada e Aumentada. Lisboa: Lidel. Neves, J. C. (2012). Análise e Relato Financeiro - Uma visão integrada de gestão, 7ª Ed. Lisboa: Texto Editora. Santos, L. e Laureano, R. (2006). Fundamentos e Aplicações do Cálculo Financeiro – Casos Práticos Resolvidos e Comentados, 2ª Ed. Lisboa, Edições Sílabo.