6 ECTS credits
153 h study time

Offer 1 with catalog number 1021586BNR for all students in the 1st semester at a (B) Bachelor - advanced level.

Semester
1st semester
Enrollment based on exam contract
Impossible
Grading method
Grading (scale from 0 to 20)
Can retake in second session
Yes
Enrollment Requirements
Students must have taken ‘Financial Accounting’, before they can enroll in this course.
Taught in
English
Faculty
Faculty of Social Sciences & SolvayBusinessSchool
Department
Business
Educational team
Lieven De Moor (course titular)
Alesia Gerassimenko
Ian Lenaers
Activities and contact hours
26 contact hours Lecture
27 contact hours Seminar, Exercises or Practicals
100 contact hours Independent or External Form of Study
Course Content

The course is organised around the theme of shareholder wealth maximisation for private sector companies. All financial decisions are linked to the impact they have on the value of the firm. The course starts with a discussion of the theory of valuation (for both fixed income and equity securities, emphasising the role of risk and time value of money). Later on, it covers some theoretical and practical aspects of the capital investment decision. Also, it deals with the determinants of optimal capital structure and cost of capital. Possibly, also guest lectures may be organized about themes to be announce.

Course material
Handbook (Recommended) : Contemporary Financial Management, R. Charles Moyer, James R. McGuigan, Ramesh P. Rao, 14th or earlier edition, Cengage, 9781337090582, 2018
Digital course material (Required) : Slides, Available on Canvas
Additional info

Not applicable.

Learning Outcomes

General competences

Companies have to be careful in the allocation of their resources. Students must learn to understand these constraints and adopt techniques to manage them, thus achieving the objectives of the organisation in the most efficient manner. The major objective of this course is to provide the theory and tools essential to the analysis and the solution of those problems that have significant financial consequences for a typical company. Whether students choose a career in finance or do not choose to major in this field, they will always be confronted with important financial decisions. For lots of these decisions, the concepts learned in this course may give them a useful edge over the uninformed majority.

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

  • Written Exam with a relative weight of 100 which comprises 100% of the final mark.

Additional info regarding evaluation

Written closed book exam. The use of an own scientific calculator is required.

Allowed unsatisfactory mark
The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context

This offer is part of the following study plans:
Bachelor of Business Economics: Startplan Business Economics
Bachelor of Business Economics: Business and Technology
Bachelor of Business Economics: International Business
Preparatory Programme Master of Science in International Business: Default track
Preparatory Programme Master of Science in Business Engineering: Business and Technology: Default track