Executive MBA
Master	TR-NQF-HE: Level 7	QF-EHEA: Second Cycle	EQF-LLL: Level 7

General course introduction information

Course Code:

E-MBA523

Course Name:

Financial Management

Course Semester:

Spring

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	8

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Compulsory

Course Level:

Master

TR-NQF-HE:7. Master`s Degree

QF-EHEA:Second Cycle

EQF-LLL:7. Master`s Degree

Mode of Delivery:

E-Learning

Course Coordinator :

Dr.Öğr.Üyesi TURGAY MÜNYAS

Course Lecturer(s):

Dr.Öğr.Üyesi TURGAY MÜNYAS

Course Assistants:

Course Objective and Content

Course Objectives:

The aim of this course is to provide students with; financial statements; cash flow statement; financial statement analysis; trend analysis; horizontal and vertical analysis; financial ratio analysis; long-term financial planning; the percentage of sales approach; internal (auto) financing and sustainable growth; time value of money; present and future value of cash flows; annuity; bonds with perpetual coupon payments; to convey effective financial information on loan pricing and amortization.

Course Content:

• Explaine and analyze a company's financial statements and evaluating the company's financial performance
• Define the financial planning process, including long-term (strategic) and short-term (operational) financial plans
• Discuss the role of the time value of money in finance and calculate the future and present values of different types of cash flows to determine the value of various investment alternatives
• Calculate the market value of financial assets such as bonds and stocks

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) At the end of this course, students; describe the financial planning process, including long-term (strategic) and short-term (operational) financial plans.
2 - Skills
Cognitive - Practical
1) At the end of this course, students; explain and analyze a company's financial statements and evaluate the company's financial performance
3 - Competences
Communication and Social Competence
Learning Competence
1) At the end of this course, students; can calculate the market value of financial assets such as bonds and stocks.
Field Specific Competence
1) At the end of this course, students; discuss the role of the time value of money in finance and calculate the future and present values of different types of cash flows to determine the value of various investment alternatives.
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	• Explanation of what is wanted to be done with basic financial information. • Introduction of markets where basic financial information is used, presentation of market actors, sub-markets and financial instruments used • Explaining for whom financial management is done according to its purpose. • Explanation of ethical rules in financial management activities in businesses. • Defining the balance sheet and explaining its structure. • Defining the Income Statement and explaining its structure. • Explaining the purpose of issuing the cost of sales statement. • Explanation of the purpose of issuing the profit distribution statement. • Explaining the purpose of issuing the cash flow statement.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
2)	• Explain of what the time value of money means and its importance in finance • Explaining the calculation and interpretation of the present or future value of one-time payments • Explaining the different annuity types • Disclosure of present and future value calculations of series of irregular cash flows to show how equity and corporate projects are valued. • Explaining the difference between nominal, periodic and effective interest rates in order to compare alternative investment rates of return. • Explain the rationale for creating a loan amortization table to discuss the fundamentals of loan returns	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
3)	• Explaining the various factors that affect the cost of money • Explain how market interest rates are affected by units that require capital, expected inflation, the risks of different securities and the risks of securities • Explaining the factors that shape the yield curve and how the yield curve can be used to predict future interest rates.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
4)	• Explanation of ratio analysis • Listing, defining, interpreting ratio groups • Explanation of balance sheet and income statement relationships of main ratios • Explaining the importance of return on equity ratio in management control and how other ratios affect this ratio • Explaining how to use Dupont's equation to develop equity holdings • Explaining how the ratios of one enterprise can be compared with the ratios of another enterprise at a given moment and over time, discussing trend changes over time, explaining how they may be affected by accounting practices and other factors.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
5)	• Explain how different sizes of current assets and liabilities affect business profitability and stock prices. • Explain how each of the working capital items is used, how the cash budget is created and how the cash cycle is determined • Explaining how it was decided to determine the appropriate amount of current assets • Explaining how businesses create their credit policies and how the effects of credit policies on sales and profitability occur. • Explain how bank loan, commercial paper and commercial loan costs are determined and how they affect working capital financing decisions	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
6)	• Explaining and discussing capital budgeting • A description of the basic methods used in capital budgeting, under which conditions and how they are used. • Comparative explanation of the advantages of the net present value method from dynamic methods	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
7)	• Explain why weighted average cost of capital is used in capital budgeting • In estimating the costs of different capital components; Description of debt, preferred stock, retained earnings, and comparisons of common stock • An explanation of why the different cost components are combined to determine the entity's weighted average cost of capital	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
8)	• Types of financial markets by purpose • Types of financial institutions by purpose • Types of financial instruments according to their purpose • Characteristics shown by the financial statements • Methods used to understand the time value of money • Explaining the logic of financial ratio analysis • Impact of short-term investments on operating profitability • Understanding the impact of short-long-term investment decisions on profitability: Trade-off analysis • Understanding the analysis of weighted average cost of capital on profitability	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
9)	• Explain of cash flows to be considered in capital budgeting analysis • Explain the methods used to estimate the relevant cash flows of the project. • Disclosure of calculations made in capital budgeting criteria • Explain how risk is measured and how differentiated project risk is taken into account when applying this measure to the entity's weighted average cost of capital. • Discussing how to modify some projects to meet changing business objectives once accepted. • Define post-audit, which is an important part of the capital budgeting process, and discuss its relevance to capital budgeting decisions.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
10)	• Explaining the reason for differences in a business's capital structure when measured at book value, market value, or against a target • Disclose operational risk and financial risks and discuss the effects of debt financing on the expected return and risk of the business • Discussing the analytical framework that can be used in determining the optimal capital structure • Discussing the theory of capital structure and explaining that businesses in different sectors tend to have different capital structures.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
11)	• Explaining the different characteristics of business and government bonds • Explaining how market bond prices are formed, how there is a relationship between interest rates and bond prices, and how the bond price changes over time. • Explaining how a bond's yield to maturity, notice return and actual yield are calculated • Explain the risks faced by bond issuers and bond investors and discuss how the terms and collateral of a bond can be changed to affect the interest rate.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
12)	• Explanation of why investors like the business to distribute more shares • Disclosure that investors love the capital gains resulting from the reinvestment of undistributed profits by the business • Discussing the various trade-off problems that businesses face while trying to establish optimal dividend distribution policies. • Disclosure of differences between stock splits and stock dividends • Explaining the relative advantages of stock repurchases and dividends from the perspective of both investors and businesses	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
13)	• Discuss the importance of strategic planning and the central role that financial forecasting plays in the overall planning process. • Estimation of the methods by which businesses make their sales forecasts. • Disclosure of relationship between additional resource requirement and asset growth • Discussing how planning is an iterative process	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
14)	• Explaining the primary reasons for businesses to be global • Explanation of how exchange rate transactions are and interpretation of exchange rate rates • Discussing the intuitions behind exchange rate parity and buying strong pairs • Explaining the risks and opportunities faced in investments in multinational enterprises • Identify some of the specific changes MNCs face and discuss how their capital budgets, capital structure and working capital policies are affected.	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
15)	Final Exam	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4

Sources

Course Notes / Textbooks:	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4
References:	İşletme Finansı, Prof. Dr. Güven Sayılgan, Siyasal Kitabevi, (2017) 7. Baskı. ISBN 978-605-9801-47-8 Finansal Yönetim ve Portföy Yönetim Teorisi, Dr. Öğr. Üyesi Turgay MÜNYAS Seçkin Yayınları. (2018) ISBN: 978 – 975 – 02 – 6424 - 1 Finansal Yönetim. Nurhan Aydın, Mehmet Başar & Metin COŞKUN. Detay Yayıncılık. (2021) ISBN: 978 – 605 – 5681– 81-4

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4
Program Outcomes
1) To gain basic knowledge about the basic functions in the field of business administration and to apply them in real life
2) To use scientific research methods and technology in decision processes of business
3) Evaluating the effects of political, legal, geographical, economic and technological factors on the competitive structure of the business area with team work and finding the necessary solutions
4) to be aware of current issues in the field of business and to gain sensitivity to problems
5) Transmission of written documents such as reports, printouts, internal correspondence orally in an effective manner
6) defining and analyzing the problem by forming a team within the framework of professional expertise and conceptual knowledge and using leadership qualities
7) to be able to relate to other areas of business administration, to be aware of global and social ethical norms

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To gain basic knowledge about the basic functions in the field of business administration and to apply them in real life	4
2)	To use scientific research methods and technology in decision processes of business	4
3)	Evaluating the effects of political, legal, geographical, economic and technological factors on the competitive structure of the business area with team work and finding the necessary solutions	3
4)	to be aware of current issues in the field of business and to gain sensitivity to problems	3
5)	Transmission of written documents such as reports, printouts, internal correspondence orally in an effective manner	5
6)	defining and analyzing the problem by forming a team within the framework of professional expertise and conceptual knowledge and using leadership qualities	4
7)	to be able to relate to other areas of business administration, to be aware of global and social ethical norms

Learning Activity and Teaching Methods

Expression
Individual study and homework
Lesson
Reading
Homework
Problem Solving
Q&A / Discussion
Case Study

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Reporting
Case study presentation

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	1	% 20
Midterms	1	% 35
Final	1	% 45
total		% 100
PERCENTAGE OF SEMESTER WORK		% 55
PERCENTAGE OF FINAL WORK		% 45
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	15	45
Study Hours Out of Class	14	42
Homework Assignments	15	45
Midterms	15	45
Final	15	60
Total Workload		237