NATIONAL ECONOMICS UNIVERSITY SOCIALIST REPUBLIC OF VIETNAM

CENTER FOR ADVANCED EDUCATIONAL PROGRAMS Independence – Freedom – Happiness

SYLLABUS

1. GENERAL INFORMATION
Title: Working Capital Management and Cash Budgeting
Course number: FIN 470
Finance courses
Units: 3 credits
- Theoretical hours: 20
- Practical hours: 25

2. LECTURER’S INFORMATION
Full name: TRAN PHI LONG Tittle: PHD
Address: 207 Giai Phong street, Building A1 , Room 901, Phone number: 0986114414
Email: longtp@neu.edu.vn
Faculty/ Institute: School of Banking and Finance

3. COURSE DESCRIPTIONS
This course provides an in-depth discussion of how firms manage working capital and cash
budgeting. This includes how firms manage cash, account receivables, inventory and account
payables. This course will also cover several special topics related to cash budgeting, such as
analyzing firms’ sales and costs or planning and controlling firms’ cash flow.
Specifically, this course will cover the following topics:
- The importance of working capital management.
- The use of financial ratio analysis in working capital management.
- The management of cash, account receivables, inventory, and account payables.
- How to analyze firms’ working capital management.
- How to implement short-term financial planning and cash budgeting.

4. LEARNING RESOURCES : COURSE BOOKS, REFERENCE BOOKS, AND

SOFTWARES
- Course book:
Sagner, J., 2014. Working capital management: Applications and case studies. John Wiley & Sons.

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Berk, J., and DeMarzo, P., 2014. Corporate Finance, Pearson. (BD1)
Ross, H.D., Westerfield, R., and Jordan, B., 2016. Corporate Finance. McGraw Hill. (RWJ)
Brigham, F.B. and Daves, P.R., 2007. Intermediate Finance Management. Thomson/South-
Western. (BD2)
- Reference books
Sagner, J., 2010. Essentials of working capital management. John Wiley & Sons.
Ross, S.A., Westerfield, R. and Jordan, B.D., 2008. Fundamentals of corporate finance. Tata
McGraw-Hill Education.
Brigham, E.F. and Houston, J.F., 2012. Fundamentals of financial management. Cengage Learning.
- Other required materials and information:
a. NEU’s eBooks and documents at http://lic.neu.edu.vn:2048/menu: Emerald Insight, IG
Publishing eBook and ProQuest Central
b. NEU’s eBooks and documents at http://aep.neu.edu.vn:2048/menu
5. COURSE GOALS
Working capital management is one of the most fundamental activities in companies. It helps
companies to fund the day-to-day business obligation. If companies are under cash crunch, it will
be difficult for them to meet the demand for their products/services. By contrast, if companies
manage their working capital well, they can expand their business to reach new market. The goal of
this course is to provide insight on the working capital management of companies. Based on this,
students can evaluate both the drawbacks and the strength of the working capital management of
companies.
Program
Course Learning
Goal Description Bloom level
Goals Outcomes
(PLO)
[1] [2] [3] [4]
Identifying and summarizing the essential theories
G1 and concepts of working capital management and 1.1; 1.2; 2; 3 I, II, III
cash budgeting.
Applying these concepts, principles, and theories to
G2 1.3; 3; 4; 6 III, IV, V
analyze case studies.
6. COURSE LEARNING OUTCOMES (CLO)
Cours
CLO Descriptions Bloom level
e goals
[1] [2] [3] [4]

2
 Remember the concepts, principles, and theories of
CLO 1.1 I, II
working capital management and cash budgeting.
Know how to use financial ratio analysis to
G1 CLO 1.2 analyze the working capital management of a I, II, III
company.
Know how to implement short-term financial
CLO 1.3 I, II, III
planning.
Analyze and evaluate the practice of working
CLO 2.1 III, IV, V
capital management.
G2
Evaluate the importance of working capital
CLO 2.2 III, IV, V
management in corporate finance.

7. COURSE ASSESSMENT

Assessment Assessment Percentage

Description Time CLO
methods indicators (%)

[1] [2] [3] [4] [5] [6]

Class participation is very
essential to learn this
CLO 1.1
course. Be prepared to
CLO 1.2 Attendance
participate in class
Class Weeks 1- and
discussions by reading CLO 1.3 10%
Participation 4, 12 participation
learning material before the CLO 2.1 points
lecture. The discussion will CLO 2.2
greatly enhance students’
learning experience.
Class is grouped into 12
groups; each group has from
4 to 5 members. Groups are CLO 2.1
Group Weeks 5- Group
expected to do presentation. 10%
Project 7, 9-11 CLO 2.2 presentation
The presentation slide needs
to be submitted 5 days
before the presentation.
CLO 1.1
Mid-term Closed book mid-term test CLO 1.2
Week 8 Questions 20%
test of 90 minutes. CLO 2.1
CLO 2.2
Final Exam Final exam of 90 minutes. Universit CLO 1.1 Questions 60%
Students have permission to y
CLO 1.2
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 take the final exam when CLO 1.3
they attend more than 80%
schedule CLO 2.1
of the total classes. Make-up
exams will not be offered. CLO 2.2

8. LESSON PLAN
(Any changes on the schedule WILL BE announced in class and on TURNITIN in advance)
Topic CLO Learning and teaching Assessment
activities methods
[1] [2] [3] [4] [5]
Topic 1 Introduction to working capital CLO 1.1 Sagner chapters 1 and 2 Questions and
management CLO 1.2 BD1 chapter 26 discussion
RWJ chapter 26
Assign students to 12
groups
Topic 2 Cash management CLO 1.2 Sagner chapters 3, 4 Questions and
BD1 chapter 26 discussion
RWJ chapter 27
BD chapter 23
Topic 3 Managing accounts receivables CLO 1.2 Sagner chapter 6 Questions and
and accounts payable BD1 chapter 26 discussion
RWJ chapter 28
Topic 4 Managing inventories CLO 1.2 Sagner chapter 7 Questions and
BD chapter 26 discussion
RWJ chapter 28
BD2 chapter 23
Topic 5 Short-term financial planning CLO 1.2 BD1 chapter 27 Questions and
CLO 1.3 discussion

9. COURSE REQUIREMENT & EXPECTATION

Participation (10% of your grade)
Students are required to participate in the discussion of the class by asking and answering question,
especially in the presentation time.
Class participation points will be based on general class attendance, contribution in class and
compliance with the class rules delineated below. Poor class attendance, little contribution in class
or non-compliance with class rules will result in a poor class participation grade.
Below are class rules:
1. Arrive on time and ready to begin when the class starts. If you arrive late for more than 30
minutes, you will not be counted for that class. Note that this class is intended for registered
students only.

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 2. Come prepared – read the readings assigned.
3. Turn off cell phones during classes.
4. Do not engage in individual discussions
5. No food in class time
6. Participate by contributing comments and questions during the discussions. The instructor
will call on students during the class if the participants do not volunteer.
7. Please use common courtesy and polite manners in class.
8. I have no tolerance for acts of academic dishonesty.
Presentation and Exams
There will be 1 presentation, 1 mid-term test, and 1 final exam. The weights for the presentation,
mid-term test and final exam are 10%, 20%, and 60%, respectively. Students have permission to
take the final exam when they attend more than 80% of the total classes. Make-up exams will not
be offered. The following rules apply to exams:
1. Make a notation of the exam dates.
2. Final Exam is an open-book exam, so students can use notes, books or other paper
materials. However, no technology will be allowed during the exam. You must turn off all
cell phones or any other personal technology.
3. If you do not bring an ID to the exam, you will receive a 0 for the exam.
4. No food or drinks will be allowed during an exam.
5. When time is called, stop writing.
6. Please make sure you do not engage in any behavior that may appear to be cheating.
Communication:
Studies show that students who engage in one-on-one discussions with the instructor about the
course receive better grades. I, therefore, encourage your discussion with me. You can
communicate during office hours, email or in class discussions. You also are welcome to make
separate appointments. I will be available before and after class, but only for short questions. I also
encourage feedback on the classes, lectures, teaching and reading material. We enhance the class
every semester and your thoughts are valuable in the process.
Intellectual Property:
All materials presented in class lectures including PowerPoint presentations and those materials
given are intellectual property of the instructor unless otherwise copyrighted. Any reproduction or
publication of this material without prior written permission is strictly forbidden.
10. DATED: ……………………..
CENTER FOR ADVANCED FACULTY LECTURER
EDUCATIONAL PROGRAMS