SEMESTER LEARNING PROGRAM AND ACTIVITY PLAN

RENCANA PROGRAM DAN KEGIATAN PEMBELAJARAN SEMESTER (RPKPS)

MAN 5121
FINANCIAL MANAGEMENT
Master of Business Administration

JKT-SEMBA-45A

UNIVERSITAS GADJAH MADA

Faculty of Economics and Business
2023
 UNIVERSITAS GADJAH MADA
Faculty of Economics and Business
Master of Business Administration

SEMESTER LEARNING PROGRAM AND ACTIVITY PLAN

COURSE CREDIT COURSE PRE-REQUISITE
COURSE SEMESTER
NAME UNIT STATUS COURSE
CODE
Financial Even
MAN 5121 Management
3 Units 2022/2023 Compulsory

GRADUATE Graduates of the Master of Business Administration program at FEB UGM shall:
COMPETENCY Competency Learning Objectives High Med Low Performance
GOALS (CG) Goals Measurement
ADDRESSED 1 Students 1.1 The ability to present ideas effectively √ Mini case
BY THE 1.2 paper Project
demonstrate The ability to persuade others through
COURSE √ paper
the ability to memorable message
communicate 1.3 The ability to present in a professional
√
in an effective, mannerism
persuasive, 1.4 The ability to engage with others in a
collaborative exchange of idea √
and
professional 1.5 The ability to listen with empathetic √
manner 1.6 The ability to provide meaningful Group
contribution in discussion √ presentation
1.7 The ability to design a report in professional
√
appearance/formatting
1.8 The ability to provide a professional report √
with strong argumentation
2 Students 2.1 The ability to understand the impact of Group
environmental changes toward √ presentation
demonstrate the organizational strategies Mini case
ability to paper Project
2.2 The ability to identify an appropriate paper
translate business theory/knowledge in designing
organizational strategies √
business
knowledge into 2.3 The ability to integrate a relevant business
action theory/knowledge in designing √
organizational strategies
2.4 The ability to formulate a holistic
√
organizational strategy
3 Students 3.1 The ability to identify ethical dilemma Mid-term exam
√ Final exam
demonstrate accurately Class
the ability to 3.2 The ability to analyze a business issue participation
using relevant ethical principles or moral √
make ethical standards
and
3.3 The ability to draw an ethical judgement on
responsible the issues √
decisions
3.4 The ability to provide a various possible
solution on the issues √
4 Students 4.1 The ability to identify business problem Mid-term
accurately √ exam Final
demonstrate the exam
ability to solve 4.2 The ability to identify an appropriate Class
perspective/theory for solving business √ participation
practical problem
business 4.3 The ability to provide novelty ideas for
solving business problem √
problem with
creative ideas. 4.4 The ability to elaborate novelty ideas and
practical implementations in business √
contexts
5 Students 5.1 The ability to identify key relevant Group
environmental factors toward business √ presentation
demonstrate the Mini case
ability to be a 5.2 The ability to analyze key relevant paper Project
strategic environmental factors’ impacts on business √ paper
issues
 business leader 5.3 The ability to anticipate business
opportunities/challenges created by √
environmental changes
5.4 The ability to envision needed
organizational changes in responding √
to the opportunities and challenges
5.5 The ability to work with other team
members in initiating organizational √
changes
COURSE Upon the completion of the Financial Management course, students are expected to be able to:
OBJECTIVES
CO 1 Understand the greater depth of theory of finance, especially the financial management of
business corporations.
CO 2 Solve problem and cases in financial management.
CO 3 Analyze some special topics in financial management.
CO 4 Analyze problems, weighing alternative solutions, and deciding the best possible solution to a
company’s problems or opportunities in the financial context.
COURSE
OBJECTIVES CO 1 CO 2 CO 3 CO 4
TO CGs CO 1 √ √
CO 2 √
MAPPING
CO 3 √
CO 4 √

COURSE The course introduces students to the greater depth on finance especially the financial management of
DESCRIPTION business corporations. First, we will review some fundamental concepts on financial management. Second,
we will discuss the strategic investment decision, including cost of capital, capital budgeting and cash flow
estimation. Third, we will discuss the strategic financing decision including long-term financial planning,
capital structure and dividend policy. Fourth, we will discuss the tactical financing decision such as lease
financing and hybrid financing. Next, we will discuss working capital management (current asset
management and short-term financing). Finally, we will discuss number of related topics in financial
management, including derivatives and risk management and mergers. We will also discuss some cases in
financial management to improve our understanding on theories and practices of financial management.
COURSE ● Ang, Ser-Keng., Hong, Jack., Koh, Annie., Brigham, Eugene F., and Ehrdhart, Michael C., (2021).
MATERIAL Financial Management: Theory and Practice, An Asia Edition., Cengage Learning, Singapore.
● Bruner, Robert F., Eades, Kenneth M.,and Schill, Michael J. (2018). Case Study in Finance: Managing
for Corporate Value Creation. Eighth Edition, McGraw-Hill.
● Handout and other readings.
ASSESSMENT
METHODS AND PERCENTAGE COURSE OBJECTIVES
ASSESSMENT CRITERIA (%)
LINKAGE TO 1 2 3 4 5 6 7
COURSE Midterm exam: 35% √ √ √ √ √ √ √
OBJECTIVES Final exam: 35% √ √
Case Analysis and
10% √ √
Presentation
Class Participation 10% √ √
Homework and Assignment 10% √ √
 Mid-term and Final Exam
The mid-term and final examinations will be conducted to test the student’s knowledge, understanding,
comprehension, and capability to apply the course material in solving actual negotiation problems.
An experiential approach. Continuously and consistently, students are assigned to construct experiential
observations on managerial cases and practices, and subsequently report the findings to the instructor.
Internet exploration. Students are encouraged to harness the advancement of information technology in
exploring knowledge and opportunities. Remember that in current circumstances, a clever person is not she
is being able to answer all questions; rather, it knows where to find answers.

Case analysis. Student will be randomly distributed into groups. Besides functioning as a discussion forum,
the group is required to submit a case write-up presentation. It is expected that the student works diligently
on these cases to apply theoretical concepts to real problems and develop students’ analytical and
problem-solving skills.

The length of the case write-up must not exceed ten pages of A4- sized paper, not including figures, tables,
charts, or other appendices. The report must be typewritten with 1.5-spaced text system. Quantitative
analysis supporting recommendations may be attached in appendices whilst figures, table, or charts
summarizing the quantitative analyses can be included in the text. Grading will be based on five criteria:
1. Clarity
2. Completeness
3. Conciseness
4. Correctness
5. Consistency
Late submissions will not be accepted without prior approval of the lecturer. All request for extension should be
directed to Professor Eduardus Tandelilin by e-mail at last two days before due date for submission. Extensions
will be granted for medical reasons upon receipt of medical certificate, or in exceptional circumstances in
consultation with the individual lecturer.

GRADING
Grade Range Cumulative Weighted Grade
A 90-100 4.0
A- 85-89,99 3.75
A/B 80-84,99 3.5
B+ 75-79,99 3.25
B 70-74,99 3,0
B- 60-69,99 2.75
C 50-59,99 2.0
D 30-49,99 1,0
E 0-29,99 0

Below is the explanation for each grade:

Gra
Explanation
de
A Like A-, with consistent evidence of substantial originality and understanding in identifying,
producing and communicating conflicting arguments, perspectives or problem-solving
approaches; critically evaluate the problem, its solutions and the implications of the problem.
A- Like B+, with much evidence of originality in defining and analyzing issues or problems and
in creating solutions; using levels, styles and suitable communication means to the discipline of
science and audience.
A/B Demonstrate a substantial understanding of basic concepts in various contexts; develop or adapt
and convincing arguments and provide a comprehensive justification; communicating information
B+ and ideas adequately in terms of disciplinary conventions.
B Demonstrate adequate understanding and application of basic concepts from the field of study;
building arguments or decisions and providing acceptable justification; communicating
information and ideas adequately in terms of disciplinary conventions.
B- to Demonstrate a superficial or partial or erroneous (faulty) understanding of basic concepts of the
C field of study and the limited ability to apply the concepts; giving an unsupported or improper
argument; communicate information or ideas with unclear and inconsistent compliance with
disciplinary conventions.
D Demonstrate a real shortcoming in understanding and applying underlying concepts;
communicate the ideas and information in incomplete ways or
confusing and give just little attention the conventions of the science field.
E Fail to demonstrate the major part or the whole part of learning goals
INSTRUCTOR
1. Sumiyana, Dr., M.Si., Ak., CA
(team teaching)
2. Hermeindito, Dr. MM. SE.
STUDENT’S
RESPONSIBILITI Class participation. Students are highly expected to contribute ideas, thoughts, experiences, and argument to
ES the class discussion. Although overviews of key points and issues will be provided, we strongly recommend that
students comprehend the materials in details, raise questions and ideas, and create a “lively” class, meaning that
you must read and prepare readings assigned prior to coming to the class. Besides, students are encouraged to
raise comments on, questions, or critiques to the other presenting groups.

ACADEMIC
INTEGRITY Universitas Gadjah Mada does not tolerate any form of plagiarism as this is a severe violation of academic
integrity. Plagiarism encompasses presenting someone else’s words, work, opinions, or factual information as
one’s own without giving proper acknowledgment. When you copy someone else’s work, you are
plagiarizing. You must not copy sections of work (such as paragraphs, diagrams, tables, and words) from any
other person, including another student or any other author. Cutting and pasting is a clear example of
plagiarism. All discovered instances involve the negative grading of the assignment and result in a failure of
the course (Grade = E). In the case of group work, the entire team members will fail the course (Grade = E).
Participation is a fundamental part of the course. Punctuality and regular attendance in class are of prime
importance for the successful completion of this course. Students will be expected to attend the class on time
and remain in class until the end of the class session.
It is imperative for students to comply with all assessed activities. If you have an emergency that leads you to
come late, you should contact your instructor in advance.

AUTHORIZATIO
N
DATE COURSE COORDINATOR HEAD OF THE STUDY
PROGRAM

Prof. Eduardus Tandelilin, Ph.D.,

11 February 2023 Sumiyana, Dr., M.Si., Ak., CA
MBA., CWM., CSA

WEEKLY LEARNING ACTIVITY PLAN

Ses-
Course Sub-Objective Topic Material Assignment Facilitator Tanggal Waktu
sion
1 Be able to understand the An Overview of Financial Management and the CH 1-2 Assignments: Questions CH1: 1-2, 1-5; Problems CH2: 2-14, Hermeindito 11/02/23 12:30-15
concept of financial environment, Financial Environment. 2-15. :30
financial statement, cash flow, & taxes
Financial Statement, Cash Flow, & Taxes.
2 Be able to explain the time value of Analysis of Financial Statement. CH 3-4 Assignments: Problem CH3: 3-8, 3-11; CH4: 4-24, 4-31 Hermeindito 11/02/23 16:00-18
money Time Value of Money. (Bruner Case: The Financial Detective, 2016) :00
3 Be able to valuate the bond, evaluate Bonds, Bond Valuation, and Interest Rate. CH 5-6 Assignments: Problems CH5: 5-11, 5-22; CH6: 6-6, 6-12 Sumiyana 03/03/23 19:00-22
financial performance and operational Risk and Return; financial performance vs Case 1a: The Battle for Value, 2016: FedEx Corp. versus :00
performance. operational performance. United Parcel Service, Inc. (Bruner: Case 2)
4 Be able to valuate the stock and Corporate Valuation and Stock Valuation. CH 7-8 Assignments: Problems; CH7: 7-12, 7-14; CH8: 8-3, 8-5 Sumiyana 04/03/23 08:00-11
financial option Financial Options and Applications in Corporate Case 2a: Ferrari: The 2015 Initial Public Offering (Bruner: :00
Finance. Case: 46)
5 Be able to estimate the cost of capital, The Cost of Capital. CH 9-10 Assignments: Problems; CH9: 9-11, 9-16; CH10: 10-19, 10-20. Sumiyana 18/03/23 12:30-15
analyze capital budgeting for cash flow The Basic of Capital Budgeting: Evaluating Cash Case 3a: Royal Mail plc: Cost of Capital (Bruner: Case: 13) :30
and project evaluation
Flows. Case 4a: The Procter and Gamble Company: Investment in
Crest Whitestrips Advanced Seal (Bruner: Case: 22)
6 Be able to analyze the risk analysis and Cash Flow Estimation and Risk Analysis. CH 11-12, Assignments: Problems CH11: 11-6, 11-13; CH12: 12-5, 12-7 Sumiyana 18/03/23 16:00-18
project evaluation, financial planning,
and Working Capital Management Corporate Valuation, Financial Planning, and 16 Case 5a: Guna Fibres Ltd (Bruner: Case: 9) :00
Working Capital Management. Case 6a: Genzyme and Relational Investors: Science and
Business Collide (Bruner: Case 4)
MID
7 Be able to identify the dividend and Corporate Governance. CH 13-14 Assignments: Problems CH13: 13-2, 13-3, 13-4 and CH14: Hermeindito 12/05/23 19:00-22
share repurchases 14-7, 14-9, 14-10. :00
Distribution to Shareholders: Dividends and
Repurchases. Case 1b: Autozone, Inc. (Bruner: Case 28)
8 Be able to explain the capital structure Capital Structure Decisions. CH 15 Assignments: Problems CH15: 15-8, 15-9, 15-12 and CH16: Hermeindito 13/05/23 08:00-11
decision Supply Chains and 16-9, 16-12, 16-15 :00
Case 2b: California Pizza Kitchen (Bruner: Case 32)
9 Be able to comprehend the concept of Public and Private Financing: Initial Offerings, CH 18-19 Assignments: Problems CH18: CH18: 18-1, 18-3 and CH 19: Hermeindito 27/05/23 12:30-15
IPO, lease, and investment bank Investment Bank. Lease Financing 19-4, 19-7. :30
Case 3b: WNG Capital, LLC (Bruner: Case 41)
Be able to valuate the preferred stock, Hybrid Financing: Preferred Stock, Warrants, and CH 20 Assignments: Problems CH20: 20-3, 20-5 Hermeindito 27/05/23 16:00-18
10 warrants, and convertibles Convertibles :00
Case 4b: MoGen, Inc. (Bruner: Case 42)
11 Be able to analyze capital structure and Dynamic Capital Structures and Corporate CH 21 Assignments: Problems CH21: 21-7, 21-10. Hermeindito 16/06/23 19:00-22
corporate valuation Valuation. Case 5b: Rosetta Stone (Bruner: Case 47) :00
12 Be able to explain the concept of Mergers and Acquisitions and Corporate Control. CH Assignments: Problems CH22: 22-4, 22-6., 24-1: 24-2 Hermeindito 17/06/23 08:00-11
merger, acquisition, & corporate control. Bankruptcy, Reorganization & liquidation 22-24 :00
Case 6b: Carter International (Bruner Case 49)
Ses-
Course Sub-Objective Topic Material Assignment Facilitator Tanggal Waktu
sion
FINAL