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Foundations of financial management [ LFSA2240 ]

4.0 crédits ECTS 30.0 h + 15.0 h 2q

Teacher(s)	Sarens Gerrit ;
Language	French
Place of the course	Louvain-la-Neuve
Main themes	Financial statements, balance sheet, income statement and cash flow statement. Financial statements analysis. Solvability, liquidity and profitability. Financing decisions. Issues of common shares or corporate bonds. Capital budgeting decisions
Aims	Objectives (in terms of competencies) Give to our student a fair understanding of the methods and concepts that support the decion processes in the field of finance. A specific attention is dedicated to the capital budgeting decisions and the financing decisions.
Content	Overview of the financial statements. Financial forecastings. Profitability analysis, Return on Equity and Return on Investment. Risk-return trade-off associated to the debt. Financial leverage. Risk-return trade-off associated to the fixed assets and fixed cost. Operating leverage. Financing decisions : issues of common stocks vs issue of corporate debt. Weighted average cost of capital (WACC) Selection criteria in capital budgeting : payback, internal rate of return,net present value. Introduction of risk in capital budgeting.
Other information	N / A
Cycle et année d'étude	> Preparatory year for Master in Actuarial Science > Master [120] in Computer Science and Engineering > Master [120] in Chemical and Materials Engineering > Master [120] in Electrical Engineering > Master [120] in Electro-mechanical Engineering > Master [120] in Mathematical Engineering > Master [120] in Physical Engineering > Master [120] in Computer Science > Master [120] in Mechanical Engineering > Master [120] in Biomedical Engineering > Master [120] in Civil Engineering > Master [120] in Statistics: General > Master [120] in Biochemistry and Molecular and Cell Biology > Master [120] in Chemistry
Faculty or entity in charge	> EPL

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