 | Study programme 2021-2022 | Français | |
 | Financial Management | ||
Programme component of Master's in Business Engineering à la Warocqué School of Business and Economics |
| Code | Type | Head of UE | Department’s contact details | Teacher(s) |
|---|---|---|---|---|
| UW-M1-IGGEST-036-M | Optional UE | HELDENBERGH Anne | W751 - Finance |
|
| Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Credits | Weighting | Term |
|---|---|---|---|---|---|---|---|---|---|
| Français | 12 | 9 | 0 | 0 | 0 | 3 | 3.00 | 1st term |
| AA Code | Teaching Activity (AA) | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term | Weighting |
|---|---|---|---|---|---|---|---|---|
| W-FINA-004 | Financial Management - AAEP | 12 | 6 | 0 | 0 | 0 | Q1 | |
| W-FINA-036 | Financial Management - AAEHP | 0 | 3 | 0 | 0 | 0 | Q1 |
Integrated test : there will be no assessment for each AA but a single assessment for the UE.
| Programme component |
|---|
Objectives of Programme's Learning Outcomes
- Mobilise expertise in at least one area of management.
- Master the principal decision-making processes of a company.
- In an active and integrated manner, master knowledge in the various fields of management and use them effectively in a professional context.
- Integrate highly specialised knowledge in different fields of management.
- Adopt a scientific approach of analysis and reasoning.
- Master the different steps and methods to carry out research on complex or innovative management issues.
- Develop innovative strategies.
- Master the principal decision-making processes of a company.
- Integrate scientific and technological processes.
- Identify, model and analyse real and complex problems in management sciences.
Learning Outcomes of UE
At the conclusion of this teaching, the students will be able to understand the interactions of the investment's decisions and financing decisions in the creation of firm's value.
Content of UE
Financing decisions; risk; financing theories; capital stucture puzzle; dividend policy; dividend controversy ; effect of the notional interest deduction on cost of capital.
Prior Experience
Not applicable
Type of Assessment for UE in Q1
- Oral examination
- Written examination
Q1 UE Assessment Comments
-
Type of Assessment for UE in Q3
- Oral examination
- Written examination
Q3 UE Assessment Comments
-
Type of Resit Assessment for UE in Q1 (BAB1)
- N/A
Q1 UE Resit Assessment Comments (BAB1)
-
Type of Teaching Activity/Activities
| AA | Type of Teaching Activity/Activities |
|---|---|
| W-FINA-004 |
|
| W-FINA-036 |
|
Mode of delivery
| AA | Mode of delivery |
|---|---|
| W-FINA-004 |
|
| W-FINA-036 |
|
Required Reading
| AA | Required Reading |
|---|---|
| W-FINA-004 | Note de cours - Gestion financière - A. Heldenbergh, L. Cultrera, M. Croquet, L. Pozniak |
| W-FINA-036 |
Required Learning Resources/Tools
| AA | Required Learning Resources/Tools |
|---|---|
| W-FINA-004 | Not applicable |
| W-FINA-036 | Not applicable |
Recommended Reading
| AA | |
|---|---|
| W-FINA-004 | |
| W-FINA-036 |
Recommended Learning Resources/Tools
| AA | Recommended Learning Resources/Tools |
|---|---|
| W-FINA-004 | Not applicable |
| W-FINA-036 | Not applicable |
Other Recommended Reading
| AA | Other Recommended Reading |
|---|---|
| W-FINA-004 | Brealey R.A. & Myers S.C., (2007), "Principes de gestion financière", Pearson Education. Croquet M. & Heldenbergh A., (2008), " Structure financière de l'entreprise : nouvelles perspectives " (Preface De Jerome Caby), Larcier - Cahiers Financiers, 152 pages. Berk J. & DeMarzo P., (2018), "Finance d'entreprise", Pearson, 4e édition. Myers S. C. (1984), " The Capital Structure Puzzle ", Journal of Finance, 39, pp. 575-592. Modigliani F. & Miller M. (1958), " The cost of capital, corporation finance and the theory of investment ", American Economic Review, 58, (3), pp. 261 297. Modigliani F. & Miller M. (1963), " Corporate income taxes and the cost of capital : a correction ", American Economic Review, 53, (3), pp. 433 443. |
| W-FINA-036 | Brealey R.A. & Myers S.C., (2007), "Principes de gestion financière", Pearson Education. Croquet M. & Heldenbergh A., (2008), " Structure financière de l'entreprise : nouvelles perspectives " (Preface De Jerome Caby), Larcier - Cahiers Financiers, 152 pages. Berk J. & DeMarzo P., (2018), "Finance d'entreprise", Pearson, 4e édition. Myers S. C. (1984), " The Capital Structure Puzzle ", Journal of Finance, 39, pp. 575-592. Modigliani F. & Miller M. (1958), " The cost of capital, corporation finance and the theory of investment ", American Economic Review, 58, (3), pp. 261 297. Modigliani F. & Miller M. (1963), " Corporate income taxes and the cost of capital : a correction ", American Economic Review, 53, (3), pp. 433 443. |
(*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term