This class exists in these courses :
• IÉSEG > MSc in Accounting, Audit & Control > Semester 1 > 2,00 ECTS
• IÉSEG > MSc in Accounting, Audit & Control > Semester 2 > 2,00 ECTS
• IÉSEG > MSc in Finance > Semestre 2 > 2,00 ECTS

Prerequisites

Basic knowledge of financial accounting, corporate finance, and financial markets

Learning outcomes

At the end of the course, the student should be able to :
Communicate effectively in English
Make effectual organizational decisions
Formulate strategically-appropriate solutions to complex and unfamiliar challenges in their professional field
Effectively apply in-depth specialized knowledge to take advantage of contemporary opportunities in their professional field
Demonstrate an understanding of the corporate investment criteria
Account for pitfalls in selecting the optimal investment decision model
Understand the fundamental concepts of time value of money, opportunity cost of capital, risk, and return
Prepare and present capital budgeting
Perfrom an investment sensitivity analysis

Course description

1. Time Value of Money
2. Valuing Long-Lived Assets
4. Why NPV is superior to other criteria
5. Capital budgeting
6. Sensitivity analysis
7. Real options and decision tree

Class type

Class structure

Teaching methods

• Case study
• E-learning
• Interactive class

Assessment

Each class begins with a quizz with both MCQ and open questions. The last class ends with a quizz that summarizes the entire course.
Students are also graded for interacting in class (with colleagues and the instrucor), asking questions, making comments, solving numberical problems, etc.

Recommended reading

• Corporate Finance, J.Berk and P.DeMarzo (International Edition)(Pearson) -

• Principles of Corporate Finance by F.Allen, S.C.Myers, and R.A.Brealey (McGraw-Hill)(recommended) -