Financial Management: Theory and Practice
Financial Management
Lecture 1- Introduction and Context 1Dr. Tarik Driouchi - tarik.driouchi@kcl.ac.uk Senior Lecturer- Financial & Mgt. studies Office Hours [WBW4.15]: Thursdays 4-6pm
A few words on the AAFM MSc…
Themes: Accounting Theory, Financial Accounting, Valuation, Corporate Governance, Financial Management & Markets, Behavioural Finance Structure: Taught modules (term 1 & 2) + Dissertation (term 3) KCL Keats, KCL e-resources and Q&As
2
Learning Objectives
• Main objectives
– To develop robust foundations in financial management theory and practice – To understand the role of financial managers in firms – To apply tools to analyse firm investment and capital budgeting decisions – To have an appreciation of financial markets and instruments – To reflect on the ethical dimensions of financial management
3
SMM602 Module Characteristics
• Approach/format
– 11 Lectures (fundamentals + in class discussions) – 10 (group-based) seminars/tutorials (exercises, discussions, cases and short presentations).
• Assessment
– 75% exam – 25% project (Due before Christmas)
• Useful reading
– Brealey and Myers: Essentials, principles or foundations – Boatright: Ethics in Finance – Academic articles recommended per specific session
4
Module Outline
Lecture 1. Context of Financial Management Lecture 2. Bond and Stock Valuation Lecture 3. Investment Appraisal Lecture 4. On Risk and Returns Lecture 5. Cost of Capital Lecture 6. Capital Structure Lecture 7. Dividend Policy Lecture 8. Financial Hedging and Instruments Lecture 9. International Perspectives of Fin Mgt. Lecture 10. Ethics Lecture 11. Wrap-up and Transition to AFM
5
On Advanced Financial Management (SMM608) – Term 2
6
SMM608 Module Outline
Lecture 1. Context of advanced financial management Lecture 2. Financial options valuation Lecture 3. Information content of options markets Lecture 4. Securities with embedded options Lecture 5. Real options and managerial
Lecture 1- Introduction and Context 1Dr. Tarik Driouchi - tarik.driouchi@kcl.ac.uk Senior Lecturer- Financial & Mgt. studies Office Hours [WBW4.15]: Thursdays 4-6pm
A few words on the AAFM MSc…
Themes: Accounting Theory, Financial Accounting, Valuation, Corporate Governance, Financial Management & Markets, Behavioural Finance Structure: Taught modules (term 1 & 2) + Dissertation (term 3) KCL Keats, KCL e-resources and Q&As
2
Learning Objectives
• Main objectives
– To develop robust foundations in financial management theory and practice – To understand the role of financial managers in firms – To apply tools to analyse firm investment and capital budgeting decisions – To have an appreciation of financial markets and instruments – To reflect on the ethical dimensions of financial management
3
SMM602 Module Characteristics
• Approach/format
– 11 Lectures (fundamentals + in class discussions) – 10 (group-based) seminars/tutorials (exercises, discussions, cases and short presentations).
• Assessment
– 75% exam – 25% project (Due before Christmas)
• Useful reading
– Brealey and Myers: Essentials, principles or foundations – Boatright: Ethics in Finance – Academic articles recommended per specific session
4
Module Outline
Lecture 1. Context of Financial Management Lecture 2. Bond and Stock Valuation Lecture 3. Investment Appraisal Lecture 4. On Risk and Returns Lecture 5. Cost of Capital Lecture 6. Capital Structure Lecture 7. Dividend Policy Lecture 8. Financial Hedging and Instruments Lecture 9. International Perspectives of Fin Mgt. Lecture 10. Ethics Lecture 11. Wrap-up and Transition to AFM
5
On Advanced Financial Management (SMM608) – Term 2
6
SMM608 Module Outline
Lecture 1. Context of advanced financial management Lecture 2. Financial options valuation Lecture 3. Information content of options markets Lecture 4. Securities with embedded options Lecture 5. Real options and managerial