Subject name |
Finance Management and International Financial Instruments |
Study |
Master in Business Administration |
ECTS |
3 |
Four-month period |
First four-month period, first module |
Type of subject | Compulsory |
The subject Finance Management and International Financial Instruments aims at providing a global view of the financial function and the role of financial instruments in the company.
In an interconnected and globalized world, financial information is relevant in order to make decisions regarding investment profitability, cost of capital, solvency or liquidity.
Some years ago having a relatively updated information was sufficient in order to take decisions. Nowadays, it is necessary that the company’s financial role is connected not just with the other company’s departments but also with the market. Customers’ demand and competitiveness require having real-time financial information in order to manage the company effectively.
That means that the evolution of the company’s financial professionals is changing and the degree of knowledge they must have about financial instruments and markets is necessary. Maybe, some of the financial instruments seen in this subject may not be used in a short-term basis. However, in conditions of growth, the necessities of a company may change and it will need different tools apart from the traditional ones, as the credit or loan.
In this subject the following issues, among others, will be approached: economic and financial analysis of the company’s global financial strategy, market typology and financial instruments available to companies, non-bank and bank financial instruments and financial tools for international trade.
General Competences
Basic Competences
Specífic Competences
Transversal Competences
Unit 1. Financial Leadership and Business Management
Introduction
The figure of the Financial Manager in the firm
Introduction to Business Profitability
Responsibility of Financial Manager in the firm
The Capital Investment and Operating Cycles
Master class
Unit 2. Financial Markets and Instruments
Introduction
Preliminary Considerations
Globalization and International Markets
Functions of a Financial System
Financial Assets or Instruments
Financial Intermediaries
Financial Markets
Regulators
Financial Markets in Practice
Other important International Financial Markets
Master class
Unit 3. Business Financial Solutions and other Financial Instruments
Introduction
The Concept of Business Finance
Business Worth
The Balance Sheet
Type of Business Finance
Main Financial Products on the Market
Master class
Unit 4. International Trade and Instruments for Financing it
Introduction
International Payment and Collection Methods
International Risk Management
Master class
Unit 5. Instruments to Finance Net Working Capital and Cash Management
Introduction
Management of Net Working Capital
Average Maturation Period and Working Capital Turnover
Working Capital and Business Solvency
Liquidity and Management of Net Working Capital
Management of Liquidity in the Firm
Master class
Unit 6.
Approaching Financial Strategy in the Firm
Introduction
Financial Profitability and Shareholder Value Creation
Weighted Average Cost of Capital and How to Interpret It
Responsibility of Financial Manager in the firm
Interpretation of Operating Needs for Funds and Growth
Approximation of Economic and Financial Ratios
Financial Strategy in the Firm: Goals in the Short, Medium and Long Term
Master class
The different tasks and activities programmed during the semester have been developed with the goal of adapting the learning process to the different capabilities, necessities and interests of the students.
The activities included in the subject are:
In the weekly program you can find the specific tasks you need to complete in this subject.
These activities are combined with the following aspects:
The hours dedicated to each activity are detailed as follows:
Assignments |
Hours |
Assistance to virtual classes | 9,0 |
Basic material study | 22,0 |
Additional resources readings | 4,0 |
Task and practice cases | 9,0 |
Self-evaluation test | 18,0 |
Individual and group tutoring | 18,0 |
Collaborative work, forums, debates, etc. | 9,0 |
Master's Dissertation work development | - |
Final evaluation | - |
Total |
90 |
Basic bibliography
The necessary texts for the study of this subject have been elaborated by UNIR and are available in a digital format to consult, download or print inthe virtual classroom.
The evaluation system is based on the following numerical chart:
0 - 4.9 |
Suspenso (D) |
(SS) |
5.0 - 6.9 |
Aprobado (C) |
(AP) |
7.0 - 8.9 |
Notable (B) |
(NT) |
9.0 - 10 |
Sobresaliente (A) |
(SB) |
The grade is made up of two components:
On-site final exam (60%). At the end of the semester, you need to assist a mandatory on-site final exam. You need to pass the final exam so the grade obtained from the assignments (continuous assessment) is summed up to the final grade of the subject.
Continuous assessment (40%): this type of assessment will be measured through the different assignments you need to complete during the course:
Remember that you can check the points (value) of each assignment in the weekly program.
Assessment method |
Min. Score |
Max. Score |
Participation in forums, classes, etc. |
0% |
15% |
Task, practice cases and activities |
0% |
15% |
Additional readings |
0% |
10% |
On-site final exam |
0% |
60% |
Manuel Costescu
Education
Mr. Costescu earned his MBA from the Sloan School of Management at MIT, MA in International Development from the Kennedy School of Government at Harvard University, and a BA in Economics from Brandeis University.
Professional experience
Manuel is currently a London based independent change management and finance consultant.
Until March 2017, he served as Member of the Romanian Parliament as member of the Intelligence Commission. Prior to that, he was State Secretary for Trade and Investment in the Romanian Government under Prime Minister Ciolos. In that capacity, he built and ran InvestRomania, the country's foreign investment promotion agency; during his mandate FDI increased by 22%, compared to flat in neighbouring countries. Prior to entering politics, Manuel was Executive Director for J.P. Morgan, where he acted as client executive for European public sector institutions, including central banks, governments, multi-laterals, public pension funds. As such he was responsible for designing and delivering solutions to clients across all areas of the bank including Markets, DCM, Treasury Services, Corporate Bank, Asset Management. Before, he was a consultant in the New York office of McKinsey and Company, specializing in asset managers and other financial institutions across Europe, US, Canada. In this capacity, he also became the consultant lead for the BA training programs. Before joining McKinsey, Manuel worked for The Brattle Group, an energy consulting firm in Cambridge, MA, where he specialized in risk management and hedging strategies in the energy sector.
Throughout his career, Mr. Costescu has been a trainer and mentor, delivering lectures at Oxford University, London Business School, Maastricht School of Management, Economics Academy Bucharest.
Lines of research
His projects include interim management roles, large capacity building programs, corporate transformations, implementation of strategies, preparation of companies for corporate financial transactions. Industries covered include finance, healthcare, logistics, consumer goods, government.
Studying online means you can organize your study as you wish, as long as you meet the due dates of the different assignments (activities, tasks and tests). In order to help you, we propose the following steps:
Remember that in the virtual classroom of the master you can check how the different tools of the virtual classroom work: email, forum, online classes, sending the tasks, etc.
Please, take into account the following tips…
|