Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 4
Type of classes: Nappali Language: angol Semester: 2019/20/2
 
Level: Vállalkozásfejlesztés mesterszak angol nyelvű képzés;
 
Responsible Teacher: Pappné Dr. Nagy Valéria Teacher(s): Földi Péter;
Consultations (total/week): Heti Lectures: 2 Practice lectures: 2 Labs: 0 Consultations: 0
 
Type of Exam: félévközi jegy
 
Aim of the subject: To learn the speciality of corporate finance in connection with the financial management of enterprizes and to introduce the tools of contemporary
corporate finance and to understand and to practice the evaluation of common financial documents of businesses.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
presentations,
part and final
oral/written exam etc.):
Week No. 7 and 13: written test to attain min. 50% of points. The term is not succesful in the
lack of above requirements. Evaluation happens by scoring. The tasks are theoretical and practical.
The method of supplement: Students can write the test again in the last class. This is written exam based on the whole curriculum.
 
Week of
semester
Topics of lectures/practices
1. Time Value of Money – Future Value
Training: Simple interest calculation, interest-bearing interest calculation
2. The Time Value of Money – Future Value, Present Value
Training: Compound interest calculation, real interest rate
3. Special Cash Flows – Earnings Annuity, annuity
Training: Effective interest rate, present value calculation
4. The role of finance in business - Introduction to basic concepts, money management
Training: Special cash flows
5. Valuation of financialassets, bonds exchangerate and yield I.
Training: Money Management
6. Valuation of financialassets, price and yield of bonds II.
Training: Bond prices
7. Valuation of shares, Other equity – related indicators
Training: Test, Yield on bonds
8. Riskconcept, types, measurement, The relationship between yield and risk
Training: shares related calculations
9. Portfolio yield spread, Model of capital market rates
Training: Measuring risk
10. Investment decision process, Evaluation of cash flows from investment projects
Training: Portfolio risk
11. Static investment-cost calculations
Training: Investment Decisions I.
12. Dynamic investment-economy calculations
Training: Investment Decisions II.
13. Corporate Valuation
Training: Test, Calculation of the cost of capital of a company I.
14. Relationships between Corporate Value and Capital Structure
Training: Calculation of the cost of capital of a company II.
 
Type of evaluation,
repetition, calculation
of grade, etc.
Intervals of the grade:
under 50%: 1 (unsatisfying,)
50-62 %: 2 (pass mark)
63-75 %: 3 (satisfactory mark)
76-88 %: 4 (good mark)
89-100%: 5 (excellence)
Type of evaluation,
repetition, calculation
of grade, etc.
written test
 
Compulsory literature: Brealey, R. A., Myers, S. C., Allen, F. (2016): Principles of Corporate Finance, 12th Edition. Irwin/McGraw-Hill. 976 p