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| ISL3016 | Financial Management - II | 3+0+0 | ECTS:5 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of BUSINESS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face, Practical | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Mustafa EMİR | | Co-Lecturer | PROF. DR. Mustafa EMİR, | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | This course aims to explain long-term financial decisions of a company. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | determine aim and process of capital budgeting. | 1,2,3 | 1, | | LO - 2 : | explain evaluation methods of long-term investment decisions. | 1,2,3 | 1, | | LO - 3 : | demonstrate long-term investment and financial policies of firms. | 1,2,3 | 1, | | LO - 4 : | plan optimal financial structure for business | 1,2,3 | 1, | | LO - 5 : | review long-term investment and financial policies selecting if required. | 1,2,3 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| It focuses on capital investment: The value of Money, estimating relevant cash flows, risk differentials and strategic considerations, cost of capital. Long term financing, capital structure planning and policy, long term dept, lease financing, convertible securities and warrants, divident policy. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Capital budgeting and investment decisions, and general description and basic concepts. Motivations of business investment, investment in various aspects of separation and investment decisions being taken which are necessary for the data. | | | Week 2 | Evaluation of investment projects. Not take into consideration the time value of money ways: A simple method of profit rate, the average profit rate method and the method of repayment period. Methods of evaluation. | | | Week 3 | Business investment decisions, investment decisions, and general description and basic concepts. Motivations of business investment, investment in various aspects of separation and investment decisions being taken which are necessary for the data. | | | Week 4 | Internal profitability (efficiency) ratio method, internal rate of profitability, net present value method and rate method in the profitability of evaluation. | | | Week 5 | Economic evaluation of life with different investment project. Common approach to life, and eternal life-year approach equal anuiye approach. Evaluation of investment projects in the inflationary environment. The effect of inflation on investment projects. | | | Week 6 | Risky investment projects evaluation methods to determine the overall risk concepts. Sensitivity analysis to measure the risk. Break-even point analysis, the safety margin, operating leverage, financial leverage and total leverage. | | | Week 7 | Sensitivity analysis to measure risk: Reduced cash flows method. Probability analysis to measure risk: Risk adjusted discount rate method, specificity equality approach. | | | Week 8 | Expected net present value method, the expected net cash flows method and decision tree method. | | | Week 9 | Mid-term exam | | | Week 10 | Capital costs. Cost of foreign resources ve cost of equity capital. | | | Week 11 | The average cost of capital and marginal cost of capital. | | | Week 12 | Related to the formation of capital structure and structure decisions. Operating income approach, net operating income approach, the traditional approach, Modigliani and Miller approach. In the selection of the most appropriate capital structure before interest and tax profit - income per share approach. | | | Week 13 | Medium-term financing sources: medium-term bank loans, rotary loans, installment loans for equipment, forfaiting, leasing .. | | | Week 14 | Long-term sources of financing: Bank loans, bonds and bonds of the kind of stock. | | | Week 15 | Firm decisions in the distribution of profits. | | | Week 16 | End-of-term exam | | | |
| 1 | Emir, M. 2008, Yatırım Projelerinin Hazırlanması ve Değerlendirilmesi, Derya Kitabevi, Trabzon | | | 2 | Akgüç, Ö. 1994, Finansal Yönetim, 6. Basım, Avcıol Basım- Yayın, İstanbul. | | | |
| 1 | Dağlı, H. 1999, Finansal Yönetim, Derya Kitabevi, Trabzon. | | | 2 | Türko, R.M. 1999, Finansal Yönetim, Alfa Basım,Yayın Dağıtım, İstanbul | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2023 | 1 | 50 | | End-of-term exam | 16 | 06/2023 | 1,2 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 4 | 15 | 60 | | Sınıf dışı çalışma | 3 | 15 | 45 | | Arasınav için hazırlık | 21 | 1 | 21 | | Arasınav | 1 | 1 | 1 | | Uygulama | .3 | 5 | 1.5 | | Dönem sonu sınavı için hazırlık | 20 | 1 | 20 | | Dönem sonu sınavı | 1.5 | 1 | 1.5 | | Total work load | | | 150 |
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