COURSE OUTLINE

(1) GENERAL

SCHOOL SCHOOL OF BUSINESS ADMINISTRATION

ACADEMIC UNIT BUSINESS ADMINISTRATION
LEVEL OF STUDIES POSTGRADUATE
COURSE CODE DEO203 SEMESTER B
COURSE TITLE FINANCIAL MANAGEMENT
INDEPENDENT TEACHING ACTIVITIES WEEKLY
if credits are awarded for separate components of the course, e.g. lectures,
TEACHING CREDITS
laboratory exercises, etc. If the credits are awarded for the whole of the
course, give the weekly teaching hours and the total credits HOURS
3 6

Add rows if necessary. The organisation of teaching and the teaching

methods used are described in detail at (d).
COURSE TYPE GENERAL BACKGROUND
general background,
special background, specialised general
knowledge, skills development
PREREQUISITE COURSES: NOT REQUIRED

LANGUAGE OF INSTRUCTION GREEK

and EXAMINATIONS:
IS THE COURSE OFFERED TO NO
ERASMUS STUDENTS
COURSE WEBSITE (URL) https://openeclass.uom.gr/courses/INTER1104/

(2) LEARNING OUTCOMES

Learning outcomes
The course learning outcomes, specific knowledge, skills and competences of an appropriate level, which the students will
acquire with the successful completion of the course are described.
Consult Appendix A
 Description of the level of learning outcomes for each qualifications cycle, according to the Qualifications Framework of
the European Higher Education Area
 Descriptors for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Appendix B
 Guidelines for writing Learning Outcomes

Upon completion of the course, it is expected that students, combining theory and practical
applications, will know what job CFOs do and why, but also how they should do it, in order
to magnify the value of their business. The theory of Financial Management is presented
through a number of examples and exercises, as well as a significant number of case studies
Upon completion of this course, students will be able to:
1. Understand the basic methods of determining the present and future value of money.
2. Apply the basic methods of analyzing investment decisions.
3. Analyze the concepts of risk and return as well as portfolio theory.
4. Apply methods of analyzing financial statements and forecasting financing needs.
5. Understand the basic concepts of managing a company's assets.

General Competences
Taking into consideration the general competences that the degree-holder must acquire (as these appear in the Diploma
Supplement and appear below), at which of the following does the course aim?
Search for, analysis and synthesis of data and Project planning and management
information, with the use of the necessary technology Respect for difference and multiculturalism
Adapting to new situations Respect for the natural environment
Decision-making Showing social, professional and ethical responsibility and
Working independently sensitivity to gender issues
Team work Criticism and self-criticism
Working in an international environment Production of free, creative and inductive thinking
Working in an interdisciplinary environment ……
Production of new research ideas Others…
…….
The course aims to develop the following general skills:
1. Search for, analysis and synthesis of data and information, with the use of the
necessary technology
2. Adapting to new situations
3. Decision-making
4. Working independently
5. Team work
6. Working in an interdisciplinary environment
7. Production of free, creative and inductive thinking
(3) SYLLABUS

The course focuses on the evaluation of investment projects and the analysis of financial
statements of companies. The ultimate goal of the course is to provide the necessary
information for the process of making financial decisions regarding capital raising as well
as the selection of appropriate investments for the development and maximization of
business value. Companies should seek the best investment options, but also have the right
tools to make rational investment decisions. Investment evaluation methods are a valuable
tool in the continuous effort of companies to create value, since they determine the
effectiveness of an investment and allow the evaluation of investments. Students will be
taught the tools and techniques of financial statement analysis. Starting from the analysis of
the current economic situation, with the formation of the expected cash flows, the next
stage is the formation of projections regarding the value of business units. The last module
of the course deals with the evaluation of investments under risk conditions, with the
methods of break-even analysis, scenario analysis and decision trees.
Lecture
Lecture Title Content
Number
1or Business Objectives and Investment and Business Financing. The role of the
Governance Financial Manager and the Cost of Capital.
Management relationship with Shareholders. Problems
of Representation and Corporate Governance.
2 The Time Value of Calculation of future and present value. Calculation of
Money: Future and the present value of an investment/ Net present value
Present Value (NPV)/ Risk and present value/ present value and rates
of return/ Calculation of present value when there are
multiple cash flows/ The cost of capital
3 The Time Value of Calculation of present value in perpetuity/ Calculation
Money: Present Value in of Annual Payments/ Calculation of interest/
Perpetuity and Annuities Continuous compound interest
4 Investment Decision Net Present Value/Repayment Period/Discounted
Analysis: Repayment Period/Internal Rate of Return (IRR)/
Net Present Value and Multiple IRRs/ Mutually Excluded Investments/
other investment Choice of capital investments when resources are
criteria(1/3) limited.
4 Investment Decision Application of the NPV Rule/ Rule 1: Use only cash
Analysis: flows / Rule 2: Estimate cash flows on a cumulative
Net Present Value and basis//Project Evaluation Example/Separation between
other investment investment selection and financing/ Working capital
criteria(2/3) investments/ Depreciation/Taxes/Project Analysis/
NPV calculation in different currencies
6 Investment Decision Investment Timing/ Equivalent Annual Cash Flows/
Analysis: Equivalent Annual Cash Flow and Inflation/
Net Present Value and Equivalent Annual Cash Flow and technological
other investment change/ When should a company's equipment be
criteria(3/3) replaced? .
7 Risk and Return: Portfolio Risk Measurement/Variance and Standard
Introduction Deviation / Volatility Measurement / How
Diversification Reduces Risk/ Portfolio Risk
Calculation/ How individual securities are affected by
portfolio risk/ Market Risk and Beta factors.
8 Risk and Return: Markowitz's Portfolio Theory/ Combination of stocks
Portfolio Theory and the in portfolios/The relationship between risk and return/
Capital Asset Valuation Capital Asset Valuation Model (CAPM)/ /Some
Model (CAPM)) alternative theories/ Arbitrage Pricing Theory (APT)/
Comparison of CAPM and APT
9 Financial Statement Financial statements/ Balance sheet/ Profit and loss
Analysis statement/ Performance measurement/ Economic value
added (EVA)/ Interest rates/ /Analysis of asset
performance: Du Pont method/Leverage
measurement/Leverage and return on
equity/Measurement of liquidity/ Interpretation of
financial indicators

10 Forecasting of Financing Relationship between short-term and long-term

Needs: Financial financing/ Monitoring changes in cash/ Cash
Planning budgeting-Inflows-Outflows/ Short-term financing
plans/ Long-term financing plans
11 Forecasting of financing Credit management/ Compensation policy/ /
needs: Working capital International cash management/ Payments for banking
management services/ Marketable securities/ Calculation of return
on investments in money markets/ International money
markets/ Sources of short-term borrowing/ Bank loans
12 Management of The Capital Investment Process/Project Approval - and
Company Assets: Capital the Problem of Bias Forecasting /Sensitivity
Budgeting and Project Analysis/Scenario Analysis/Break-Even Analysis
Analysis /Leverage and Break-Even Point/Monte Carlo
Simulation/Decision Trees
(4) TEACHING and LEARNING METHODS - EVALUATION

DELIVERY FACE TO FACE AND DISTANCE LEARNING

Face-to-face, Distance learning, etc.

USE OF INFORMATION AND Powerpoint presentations and e-class platform

COMMUNICATIONS
TECHNOLOGY
Use of ICT in teaching, laboratory education,
communication with students
TEACHING METHODS Activity Semester workload
The manner and methods of teaching are Lectures 39 ώρες
described in detail.
Lectures, seminars, laboratory practice, Interactive teaching 20 ώρες
fieldwork, study and analysis of bibliography, Essay writing 40 ώρες
tutorials, placements, clinical practice, art
Paper presentation 10 ώρες
workshop, interactive teaching, educational
visits, project, essay writing, artistic creativity, Study 51 ώρες
etc.

The student's study hours for each learning

activity are given as well as the hours of non-
directed study according to the principles of the
ECTS
Course total 160
STUDENT PERFORMANCE Individual Assignments: 20% of the final grade
EVALUATION
Description of the evaluation procedure As part of the course, students will be given a series of
Language of evaluation, methods of evaluation,
exercises that they will have to solve and deliver to the
summative or conclusive, multiple choice instructor in specified time frames. These exercises will
questionnaires, short-answer questions, open- be an application of the theory that students will have
ended questions, problem solving, written work, been taught during the course. The aim is for students to
essay/report, oral examination, public
presentation, laboratory work, clinical be able to calculate specific financial figures that will
examination of patient, art interpretation, other allow them to evaluate a potential investment.
Specifically-defined evaluation criteria are
given, and if and where they are accessible to
Final exam: 80% of the final grade
students.
The final exam will include exercises. The exam assesses
students' understanding and ability to use the basic methods
of financial management in order to make sound investment
decisions.

(5) ATTACHED BIBLIOGRAPHY

- Suggested bibliography:
1. Ross A. Stephen, Westerfield W. Randolph, Jaffe Jeffrey. Corporate Finance. Broken Hill
Publishers Ltd, 2017.
2. Brealey, R. A., Myers, S. C., Allen, F., & Mohanty, P. (2012). Principles of corporate finance.
Tata McGraw-Hill Education.
3. Vassiliou, D. Iriotis, N. (2009) Investment Analysis and Portfolio Management. Rosili
Publications.
4. Papadamou Stefanos, Portfolio Management: a Modern Approach, Gutenberg 2009.
5. Νού λας Α. (2016) Αγορές Χρή ματος και Κεφαλαίου. Εκδό σεις Ανικού λα.
6. Elton, E. J., Gruber, M. J., Brown, S. J., & Goetzmann, W. N. (2009). Modern portfolio
theory and investment analysis. John Wiley & Sons.
7. Haugen, R. A., & Haugen, R. A. (2001). Modern investment theory (Vol. 5). Upper
Saddle River, NJ: Prentice Hall.
8. Reilly, F. K., & Brown, K. C. (2011). Investment analysis and portfolio management.
Cengage Learning.

- Συναφή επιστημονικά περιοδικά:

 Journal of Banking and Finance
 Journal of Finance
 Journal of Financial Management Analysis
 Journal of Applied Financial Economics
 Managerial Finance